KuCoin supports three type orders currently: Limit Order, Market Order, Stop Order.
“Limit Order” is an order placed to buy or sell a specified quantity of assets at a specified limit price or better. This involves setting the ideal commission price, quantity, and leverage.
Note: Before placing the order, please set Trading Password first.
Market Order ：A market order is an order to buy or sell the product at the best available price in the current market. It is considered as the fastest way to enter or exit a certain amount of position, especially when the trader finds it urgent to get in or out of a position.
Usually, the market order consumes the order book liquidity. Therefore, it is charged the taker fees.
Stop-Limit/Stop-Market：A stop-limit/stop-market order is a conditional order which will be triggered when the market reaches a pre-specified stop price, and a limit/market order will be sent afterward.
To set a Stop-Limit/Stop-Market order, the user needs to choose the Trigger Type, Stop Price, Order Type, set the Quantity and Price.
1. Only when users open a position, they can set a stop order;
2. When you place a stop order, no funds will be frozen for margin usage. But once the order is triggered, the system will freeze the corresponding funds as margin based on the order quantity and the minimum amount of funds needed to open a position. If the balance of your contract account is insufficient to pay the margin when it is triggered, your stop order will be canceled by the system due to the insufficient balance;
3. After the stop-limit order is triggered, it will be placed at the price set by the user. Stop-limit orders cannot guarantee a deal, and it depends entirely on the current market conditions.