What are the different order types available on Gemini ?

[Holo]

Gemini is a digital asset exchange platform that provides access to different order types. As an investor, I'm interested in understanding the various order types that Gemini offers so that I can make the most informed decisions when trading on the platform.

 

[Andrew]

Introduction
Gemini is a digital asset exchange platform that provides users with the ability to trade a variety of cryptocurrencies. On the platform, users can place orders to buy or sell cryptocurrency. There are several different types of orders available on Gemini, each of which has its own advantages and disadvantages. In this article, we will discuss the different order types available on Gemini and how they can be used to execute trades.

Types of Orders on Gemini

Market Order: A market order is an order to buy or sell a cryptocurrency at the best available price. Market orders are the most commonly used type of order and are typically executed immediately.

Limit Order: A limit order is an order to buy or sell a cryptocurrency at a specific price or better. Limit orders are not executed immediately and can remain open until they are filled or cancelled.

Stop Order: A stop order is an order to buy or sell a cryptocurrency when the price reaches a certain level. Stop orders are typically used to protect against losses or to take profits.

Stop Limit Order: A stop limit order is an order to buy or sell a cryptocurrency when the price reaches a certain level. Unlike a stop order, a stop limit order will only be executed at the specified limit price or better.

Good-Til-Cancelled Order: A good-til-cancelled order is an order to buy or sell a cryptocurrency that remains open until it is filled or cancelled.

Conclusion
Gemini offers a variety of different order types that can be used to execute trades. Market orders are the most commonly used type of order and are typically executed immediately. Limit orders, stop orders, stop limit orders, and good-til-cancelled orders are also available on Gemini. Each type of order has its own advantages and disadvantages, and it is important to understand how each order type works before placing an order.