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.
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.
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.
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.
The Stop 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.