Order Types ​

Overview ​

An order is a request to buy or sell cryptocurrency according to specified conditions.

Cifra X supports the following order types:

• Limit Order
• Market Order
• TP/SL Order

Limit Order ​

A Limit Order allows you to buy or sell cryptocurrency at a price specified by you.

You set:

• the buy or sell price
• the amount of cryptocurrency

The order will only be executed when the market price reaches the specified value.

Example ​

The current BTC price is 100,000 USDT.

You create a Limit Order:

• Buy BTC at 95,000 USDT
• Amount: 0.01 BTC

The order will remain open until the BTC price reaches 95,000 USDT.

Market Order ​

A Market Order allows you to buy or sell cryptocurrency immediately at the current market price.

You specify:

• the amount of cryptocurrency
• or the transaction amount

The price is determined automatically based on current offers in the order book.

Features ​

• execution happens almost instantly
• the final price may slightly differ due to market changes and available liquidity

TP/SL Order ​

TP/SL (Take Profit / Stop Loss) is a conditional order that helps automate trade management.

It consists of two functions:

Take Profit ​

Used to lock in potential profits.

Example:

• You bought BTC at 100,000 USDT
• You set Take Profit at 110,000 USDT

When the price reaches the specified value, the system automatically creates a sell order.

Stop Loss ​

Used to limit potential losses.

Example:

• You bought BTC at 100,000 USDT
• You set Stop Loss at 95,000 USDT

When the price drops to the specified value, the system automatically creates a sell order.

Comparison of Order Types ​

Important ​

• A Limit Order may not be executed if the market price does not reach the specified value.
• A Market Order executes faster, but the final price depends on market conditions.
• TP/SL helps automate trading but does not guarantee profit.
• Before creating an order, check the selected trading pair, price, and amount.