What's a limit order?

What's a limit order and market orders?

When placing an order to buy or sell to close a position, the most commonly used order types are limit orders and market orders. You can choose the order type that best suits your trading needs.

Checklist

1. What's a limit order and market orders?
2. When placing an order to buy or sell to close a position, the most commonly used order types are limit orders and market orders. You can choose the order type that best suits your trading needs.
3. What's a limit order?
4. Whether a limit order is executed as a maker or taker depends on the price you set, the order quantity, and current market conditions.
5. What's a market order?

Notes

What's a limit order?

A limit order is an order where you set the order quantity and the maximum price you are willing to buy or the minimum price you are willing to sell. When the market price meets your conditions, the system will execute the order at the best available price within your specified limit.

Whether a limit order is executed as a maker or taker depends on the price you set, the order quantity, and current market conditions.

Example:

Details follow the official OKX help article; this page is a learning checklist, not an official mirror.