Finally I tried a small BTC spot order, only around $80, just to see how the process works. The buy itself was simple enough, but I still got a bit confused when choosing between market and limit orders. Market felt easier, but I’m not sure if it’s a good habit long term. Not sure what to do, any advice?
I noticed I keep choosing market order because it feels faster and easier. But after reading more, it seems limit orders might help avoid bad entry prices, especially when the market moves quickly. If i just start to buy small amounts like $50-$100 at a time, does it really matter? Or should I build the habit of using limit orders early?
Been looking at a few exchanges and ended up trying MEXC for my first buy because the app seemed easy enough to use. I’m only planning to start small, maybe around $100 worth of BTC, just to learn how spot trading works.
The part I’m confusing about is the order type. I see options like market, limit, TP/SL, and OCO, but I don’t want to overcomplicate it or accidentally use the wrong one.
What order to place for a beginner? is it better to use a market order or set a limit order? What would be the safest approach for someone who is just starting out?
Any step-by-step advice would be appreciated.
Trying to decide between local licensed exchanges (like Luno, MX Global) and international platforms (Binance, Bybit, MEXC, etc.). I value security and compliance, but fees and features seem better globally. How do you guys weigh regulation vs flexibility? Any personal experiences to share?