How does spot trading¹ in crypto work?

1. Order placement: you decide which cryptocurrency to trade and choose between two main order types:

• Market order: executes immediately at the current market price. This option prioritises speed over price precision, ensuring rapid execution. The final execution price may differ slightly from the quoted price due to market movement.
• Limit order: enables you to specify the exact price at which you want to buy or sell. The trade only executes if the market reaches your specified price level, giving you greater control over your entry or exit point. However, there’s no guarantee your order will be filled if the market doesn’t reach your target price.

2. Order matching: the exchange’s matching…