Order Types
CoinZoom offers several trading options depending on your goals. While Market Orders and Limit Orders are the most commonly used, you can choose from other order types to fit your trading strategy. The table below outlines each Order Type and its typical use.
To change the Order Type, first switch to Pro Mode, then navigate to the Trade subsection, where you can select from the available order types. See CoinZoom Lite vs Pro Mode to learn more.
I want to... | Order Type | Best For | Pros and Cons | Available In |
Buy or sell instantly at the best available price. | Market Order | Quick execution when speed matters more than price. | Pros: Fast and guaranteed execution. | Lite/Pro |
Set a specific price and wait until the market reaches it. | Limit Order | Setting buy targets below or sell targets above the current market price. | Pros: Full control of your entry or exit price | Pro |
Automatically sell or buy once a trigger price is hit. | Stop Market Order | Protecting against losses or entering on momentum. | Pros: Guaranteed execution once triggered. | Pro |
Set a trigger price and control the exact price range you'll accept | Stop Limit Order | Limiting downside while keeping precise price control. | Pros: Combines automation with price precision. | Pro |
Place both a take-profit and a stop-loss at the same time. | OCO Order | Managing open positions. One order triggers and cancels the other. | Pros: Automates both exit strategies in one setup. | Pro |
Trading Pairs
A market (also called a trading pair) represents two assets that can be traded against each other. CoinZoom currently supports USD and USDT trading pairs. The USDT pairs are available only in Pro Mode. Because USDT pairs may have lower liquidity, it's recommended to use Limit Orders or review the Order Book before placing a trade.