A Limit Order allows you to set a specific price for buying or selling. The order is executed when the market price meets your set price.
Example: If BTC is priced at 53,000 USDT and you want to buy at 52,900 USDT, place a Limit Order at 52,900. The order will execute when the price reaches 52,900 USDT or lower.
A Market Order lets you buy or sell instantly at the best available price in the market.
Example: If BTC is priced at 53,000 USDT and you place a Market Order for 40 USDT, the order will execute immediately at the current market price, which may vary from 53,000 USDT due to market fluctuations.