What is a market order

A market order is an instruction to buy or sell an asset immediately at the best available price. You choose the amount, tap Confirm, and the trade executes right away. There is no waiting and no price to set.

When you place a spot trade on Cronos app, it always executes as a market order.

A limit order lets you choose the exact price at which you want to trade. Your order waits on the order book until the market reaches that price. If it never does, the order stays open until you cancel it.

On Cronos app, spot trading uses market orders. Limit orders are available for perpetual futures.

Use a market order when speed matters more than the exact price. If you see an opportunity and want to act on it immediately, a market order gets you in without delay. You give up control over the exact execution price, but you gain certainty that your trade will go through.

Can I set a target price for a spot trade?

Spot trades on Cronos app execute as market orders at the best available price. If you want price control, perpetual futures support limit orders where you can specify your entry price.

What if the price moves a lot right before my trade executes?

If the price moves beyond an acceptable range, Cronos app will reject the trade rather than fill it at a price far from what you expected. You will be notified and can retry at the updated price. You are never charged for a trade that does not execute.

Is a market order riskier than a limit order?

Not inherently. A market order guarantees execution but not the exact price. A limit order guarantees the price but not execution. Each suits a different situation. For most users acting on a trading idea in the moment, a market order is the right choice.