The order book and order types
The order book is the list of people who want to buy and sell right now. You’ll find it to the right of the chart on the Crypto page.
PriceAmount
100.080.9 BTC
100.062.4 BTC
100.041.1 BTC
100.023.2 BTC
Spread: $0.02 (100.02 − 100.00)
100.002.8 BTC
99.981.5 BTC
99.964.0 BTC
99.940.7 BTC
Ask (red)Sellers: the price they’re willing to sell at.
Bid (green)Buyers: the price they’re willing to pay.
SpreadThe gap between the best seller and the best buyer. The smaller it is, the more liquid the market.
Order types
MarketYou buy or sell right now, at the best price available. Fast, but you may pay a bit more (slippage).
LimitYou set the exact price. It only executes if the market reaches that price. Usually pays a lower fee (maker).
Stop-lossSells automatically if the price falls to a level. Limits your losses. Always use one.
Take-profitSells automatically when the price reaches your profit target.
Maker = you place a limit order that waits in the book (lower fee). Taker = you take an order that already exists, like a market order (higher fee).