[SEOUL – May 19, 2020] Two new order types have been added to Upbit’s BTC (Bitcoin) and USDT (Tether) markets. Market Order and Stop Order functions are now available in all Upbit markets, providing users with new tools to utilize when crafting their investment strategies.
Market Order allows you to buy or sell digital assets at the current market price, making it extremely useful for those looking to make speedy trades.
A Stop Order is executed once the market price for a specific digital asset hits your desired trigger price. You can set Stop Orders for up to 20 different digital assets across various Upbit markets, and it’s particularly useful when setting take-profit orders and stop orders.
The transaction fee for Stop Orders is 0.25%, identical to regular orders in BTC and USDT markets. The function is available in all Upbit platforms, including the web, Android, and iOS.