In this video I'm going to show you how to create a market order on Coinbase Advanced
If you're just getting started in the world of crypto and trading and you're finding yourself
puzzled over what a market order is, don't worry. By the end of this video you'll have a clear understanding of what this is, when to use
it and how to place one. And although our walkthrough uses Coinbase Advanced as an example, the principles and
the processes that we're going to be covering are applicable to most cryptocurrency exchanges
For more information about Coinbase Advanced, please check out everbetthelps.io. First up, I'll quickly explain what a market order is
In the world of cryptocurrency trading, a market order is one of the most straightforward
and commonly used order types. When you place a market order, you're telling the exchange to execute your trade at the
current market price. In simple terms, it means that you're willing to buy or sell a specific cryptocurrency immediately
at the best available price in the market. And they come with several advantages
First is the speed. Market orders are fast as they're executed at the current market price without any delay
meaning that you can quickly enter or exit a position. They're also straightforward to use, making them ideal for beginners
Plus, a market order also guarantees that your trade will be executed, even if it is
a large order. So let's jump in and take a look at how we can place a market order over on Coinbase Advanced
And this is under the assumption that you've already deposited your funds onto Coinbase Advanced
If you don't already know how to do this, I've got a full Coinbase Advanced tutorial available
So let's head across to Coinbase Advanced now, and I'll have a link in the summary that
you can use if you haven't already signed up to Coinbase. And we'll need to be on the spot screen from the left-hand side of the screen
Then select the trading pair that you want to swap between from the drop-down here
In this example, I'm going to be trading Great British Pounds for Bitcoin
So I'll choose the BTC-GBP trading pair. You then need to head across to the right-hand side of the screen and choose if you're buying
or selling. I'm going to show you how to buy first. And we're going to want to ensure that we're on the market tab
However, there are other order types available, which I've got separate tutorials for
As I've already stated, with a market order, you're going to be buying or selling your
crypto at the current market price. Just be aware here though that in highly volatile markets, the price might shift a bit from
the time that you place the order to the time it actually gets executed
And this can result in a slightly different price, known as slippage
To continue with a market order, enter the amount that you want to swap
And you can choose to enter this in in Bitcoin or GBP, which you can select from the drop-down
Then manually enter in the amount that you want to buy. Or you can use the slider to select the percentage of your portfolio, in other words, your balance
In this example, I want to buy £100 worth of Bitcoin with my GBP
And the estimated fee will then show below at 60 pence. So as you can see, the fee here is substantially lower compared to what you would normally
pay with Coinbase.com. Once you choose the green Buy BTC button, it will then change to Success, and the order
will fill immediately, and show under your orders from the bottom of the screen here
If we click onto that order, it then shows you a breakdown of when it was placed, the
amount, and the price of it executed at, which was £22,827. The Bitcoin that you've traded for with your GBP will be available immediately from your
portfolio, as we can see under My Assets. Then I click onto Bitcoin
It then takes me to my Bitcoin wallet, where I then can view my balance with Draw or Send
Next I'm going to show you how to sell with a market order. The exact same process does apply
First, you need to choose your trading pair. Then click on the Sell tab over on the right-hand side of your screen
I choose Market. Again, you can choose the amount currency. Then you can manually type the amount in, or use the slider
I'm going to choose to sell £100 of Bitcoin. Then choose Sell BTC, where your order will fill immediately, which you can view under
Orders here, above our Buy order. And this time the GDP will be immediately available from within your portfolio, by choosing
the British Town wallet. If you'd like to see how to redraw again, I've got a full tutorial of Coinbase Advanced
that you can check out for that. So that was an incredibly easy way to enter or exit a position swiftly with a market order
on Coinbase Advanced. Plus you can also save yourself some money when it comes to trading Bitcoin in terms
of the fees. However, just pay attention to market conditions just to avoid any unexpected price changes
And I hope that you've enjoyed this video today, and if you did then please give it a like, hit the subscribe button, and please do head over to our website at everybithubs.io
for more tips, reviews and step-by-step guides. Thanks, and I'll see you soon
Bye. Bye. Bye.