There are two ways to buy and sell on the Bitazza website:
Method 1
Buy/sell from the Buy/Sell tab for instant order execution.
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Just enter the amount of money or coins you want to trade, and the order will be matched with the current market price immediately!
Trading from the front-end, the Buy/Sell orders will be executed as Market orders, which will be matched with the prevailing buy/sell prices at that specific moment in time instantaneously.
Method 2
Buy/sell from the Market tab for more control over the price with three main order types:
Market Order:
An order executed instantly at the current market price.
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Limit Order:
You set the price and quantity you want to buy/sell, and the order is executed only when the market reaches that price.
Good til cancel (default): The order stays active until fully executed or canceled.
Immediate or cancel: If the order is not fully matched, it is canceled immediately.
Fill or Kill: The order must be fully matched at the specified price, or it is canceled entirely.
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The Limit order is used when you want to buy at a price lower than the current market price or sell at a price higher than the current market price. If used incorrectly, the order may not be executed, or it may be executed incorrectly.
Stop Order:
Used to protect profits or prevent losses when prices change rapidly. There are two types:
Stop Market: Sets a price, and when the market reaches that price, a market order is executed.
Stop Limit (Advanced Order): Sets a price, and when the market reaches that price, a limit order is executed.
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The Stop order is used when you want to buy at a price higher than the current market price or sell at a price lower than the current market price. If used incorrectly, the order may not be executed, or it may be executed incorrectly.