What are order types?

The cryptocurrency market can be volatile, hence, ensuring you receive the best buy/sell price can be time-consuming. And to help mitigate the risk of missing a good buying or selling price we offer three types of market orders.

• Market Order - This is the simplest and easiest form of order type available through Change, it allows you to buy or sell a particular asset instantly at the best available price.

• Limit Order - Placing a Limit Order allows you to set the estimated price you’d like to buy or sell a particular asset for, and it will be executed at that price or slightly lower (buy) or above (sell), based on how quickly the market moves.

• Stop Order - Similar in style to a limit order, placing a Stop Order allows you to ensure that an owned asset is sold to prevent loss (sometimes referred to as “stop loss”). Placing a Stop Order can be helpful in ensuring that your invested balance remains through market drops so you can keep investing the maximum amount possible every time you reenter the market.

If you have further questions, please contact our support team via the app or email at support@changeinvest.com.