Bittime Futures Order Types

Bittime currently supports 4 types of orders:

 

 

A limit order allows you to place an order at a specific or better price. A buy-limit order will be executed at the specified price or lower, while a sell-limit order will be executed at the specified price or higher. It's important to note that limit orders do not guarantee execution.

 

A market order is executed immediately at the best available price. The execution price of a market order is determined by the limit orders available in the order book. This means there could be slippage, where the executed price may differ from the expected price.

 

A limit take profit/stop loss order is a conditional order that is executed at a specified price within a certain time frame. Once the stop price is reached, the order will be executed at the limit price or better.

 

 

A market take profit/stop loss order is similar to a limit take profit/stop loss order, using a stop price as the trigger condition for the trade. However, once the stop price is reached, a market order is triggered, which is then executed at the current market price.