Be noted, the main objective of the business is to render exceptional trading experience to its customers and for this reason, one notable change has taken place in the crypto market that left the investors surprised.
The well-known and performing Coinbase Pro platform has been sunsetted. The platform got replaced by Advanced Trade, a new platform of the same entity (Coinbase) was introduced with added trading tools and techniques. The major reason behind taking such a step is to facilitate the investors with exceptional experience and advanced trading tools to uplift their trading journey.
Many investors are at a sea to figure out how to place the market order now on the new platform. Thus, to put their confusion at an end, we have crafted this read to give an idea of how can they place a market order.
What is a “Market Order”?
A market order refers to an order that is to be executed instantly at the current market price. Due to the execution of the order immediately, these orders cannot be cancelled. For this reason, they are also referred to as “Taker Order”, as by execution of the order liquidity is taken out of the market. Moreover, no guarantee is given that the order will be filled out at the current buy or sell price.
Footprints to place a market order
The steps relating to how to place a market order are as follows:
- Open the Advanced Trade (replacement of Coinbase Pro) from your web browser
- Move ahead to select a market pair
- Decide to “Buy” or “Sell” by clicking on the concerned tab
- Tap on the “Market” button
- Specify the size of your order by entering the details or by toggling the slider
- Review all the details and then confirm the order
All done!! This is how you can now place a market order with convenience and in just a few minutes. Be cautious while performing every step of the process. Ensure that you have cross-checked all the details before confirming the order.
What market pair can you select?
Another question that crosses the mind of the investors is what market pairs can they select to place a market order. The process is somewhat the same as on the Coinbase Pro platform. Thus, you can select a crypto or crypto, or fiat trading pair.
Final Thoughts
Coinbase Pro has been replaced by Advanced Trade to ensure that investors are provided with the best trading tools that will surely boost their morale and their crypto trade experience. With the covered series of steps, investors will be able to easily place a market order. In case of any guidance, then they can connect with its support team.
