{"id":7315,"date":"2021-07-13T04:18:29","date_gmt":"2021-07-13T04:18:29","guid":{"rendered":"https:\/\/3.26.50.104\/?page_id=7315"},"modified":"2021-08-05T01:28:25","modified_gmt":"2021-08-05T01:28:25","slug":"crypto-exchanges-markets-orderbooks-explained","status":"publish","type":"page","link":"http:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/","title":{"rendered":"Crypto exchanges, markets &#038; orderbooks explained"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"7315\" class=\"elementor elementor-7315\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e18709c elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"e18709c\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cb6634e\" data-id=\"cb6634e\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1f730c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1f730c6\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7a9b635\" data-id=\"7a9b635\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c036534 elementor-widget elementor-widget-html\" data-id=\"c036534\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<a style=\"color: #FFFFFF; \" href=\"javascript:history.go(-1)\" onMouseOver=\"self.status.referrer;return true\">\u2190 Back<\/a>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95b7445 elementor-widget elementor-widget-heading\" data-id=\"95b7445\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Cryptocurrency exchanges, markets & orderbooks explained<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3ba28ed\" data-id=\"3ba28ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b5877c elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"4b5877c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"208\" height=\"226\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/Microscope_research.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-400bea6 ct-columns-alignment-fix elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"400bea6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-9fd3477\" data-id=\"9fd3477\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d42ff48 elementor-nav-menu--dropdown-none elementor-widget__width-auto cryptomenu-mi elementor-nav-menu--indicator-classic elementor-widget elementor-widget-nav-menu\" data-id=\"d42ff48\" data-element_type=\"widget\" data-settings=\"{&quot;layout&quot;:&quot;vertical&quot;,&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;],&quot;sticky_offset&quot;:0,&quot;sticky_effects_offset&quot;:0}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t<nav role=\"navigation\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-vertical e--pointer-none\"><ul id=\"menu-1-d42ff48\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7320\"><a href=\"#what-is-a-cryptocurrency-exchange\" class=\"elementor-item elementor-item-anchor\">What is a cryptocurrency exchange?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7324\"><a href=\"#what-is-an-order-or-open-order\" class=\"elementor-item elementor-item-anchor\">What is an \u2018order\u2019 or \u2018open order\u2019?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7325\"><a href=\"#what-is-an-order-book\" class=\"elementor-item elementor-item-anchor\">What is an order book?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7326\"><a href=\"#how-do-i-place-an-order-that-will-get-filled\" class=\"elementor-item elementor-item-anchor\">How do I place an order that will get filled?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7327\"><a href=\"#what-is-market-price\" class=\"elementor-item elementor-item-anchor\">What is market price?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7328\"><a href=\"#what-is-liquidity\" class=\"elementor-item elementor-item-anchor\">What is liquidity?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7329\"><a href=\"#how-does-trading-with-an-exchange-work\" class=\"elementor-item elementor-item-anchor\">How does trading with an exchange work?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7330\"><a href=\"#why-are-prices-on-different-exchanges-different\" class=\"elementor-item elementor-item-anchor\">Why are prices on different exchanges different?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7331\"><a href=\"#why-are-the-buy-and-sell-prices-different-on-an-exchange\" class=\"elementor-item elementor-item-anchor\">Why are the buy &#038; sell prices different on an exchange?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7332\"><a href=\"#what-are-spreads\" class=\"elementor-item elementor-item-anchor\">What are spreads?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7333\"><a href=\"#why-are-spreads-important-to-consider\" class=\"elementor-item elementor-item-anchor\">Why are spreads important to consider?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7334\"><a href=\"#how-differently-do-cryptocurrency-markets-and-traditional-financial-markets-operate\" class=\"elementor-item elementor-item-anchor\">How differently do cryptocurrency markets &#038; traditional financial markets operate?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7335\"><a href=\"#what-is-slippage\" class=\"elementor-item elementor-item-anchor\">What is slippage?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7336\"><a href=\"#what-moves-cryptocurrency-markets\" class=\"elementor-item elementor-item-anchor\">What moves cryptocurrency markets?\u200b<\/a><\/li>\n<\/ul><\/nav>\n\t\t\t\t\t<div class=\"elementor-menu-toggle\" role=\"button\" tabindex=\"0\" aria-label=\"Menu Toggle\" aria-expanded=\"false\">\n\t\t\t<i class=\"eicon-menu-bar\" aria-hidden=\"true\"><\/i>\n\t\t\t<span class=\"elementor-screen-only\">Menu<\/span>\n\t\t<\/div>\n\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" role=\"navigation\" aria-hidden=\"true\"><ul id=\"menu-2-d42ff48\" class=\"elementor-nav-menu sm-vertical\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7320\"><a href=\"#what-is-a-cryptocurrency-exchange\" class=\"elementor-item elementor-item-anchor\">What is a cryptocurrency exchange?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7324\"><a href=\"#what-is-an-order-or-open-order\" class=\"elementor-item elementor-item-anchor\">What is an \u2018order\u2019 or \u2018open order\u2019?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7325\"><a href=\"#what-is-an-order-book\" class=\"elementor-item elementor-item-anchor\">What is an order book?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7326\"><a href=\"#how-do-i-place-an-order-that-will-get-filled\" class=\"elementor-item elementor-item-anchor\">How do I place an order that will get filled?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7327\"><a href=\"#what-is-market-price\" class=\"elementor-item elementor-item-anchor\">What is market price?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7328\"><a href=\"#what-is-liquidity\" class=\"elementor-item elementor-item-anchor\">What is liquidity?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7329\"><a href=\"#how-does-trading-with-an-exchange-work\" class=\"elementor-item elementor-item-anchor\">How does trading with an exchange work?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7330\"><a href=\"#why-are-prices-on-different-exchanges-different\" class=\"elementor-item elementor-item-anchor\">Why are prices on different exchanges different?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7331\"><a href=\"#why-are-the-buy-and-sell-prices-different-on-an-exchange\" class=\"elementor-item elementor-item-anchor\">Why are the buy &#038; sell prices different on an exchange?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7332\"><a href=\"#what-are-spreads\" class=\"elementor-item elementor-item-anchor\">What are spreads?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7333\"><a href=\"#why-are-spreads-important-to-consider\" class=\"elementor-item elementor-item-anchor\">Why are spreads important to consider?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7334\"><a href=\"#how-differently-do-cryptocurrency-markets-and-traditional-financial-markets-operate\" class=\"elementor-item elementor-item-anchor\">How differently do cryptocurrency markets &#038; traditional financial markets operate?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7335\"><a href=\"#what-is-slippage\" class=\"elementor-item elementor-item-anchor\">What is slippage?\u200b<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-7336\"><a href=\"#what-moves-cryptocurrency-markets\" class=\"elementor-item elementor-item-anchor\">What moves cryptocurrency markets?\u200b<\/a><\/li>\n<\/ul><\/nav>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-9cee3b8\" data-id=\"9cee3b8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f652517 elementor-widget elementor-widget-text-editor\" data-id=\"f652517\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><br \/>This article will give you an overview of how cryptocurrency exchanges, markets and orderbooks operate. The world of crypto can be overwhelming if you\u2019re new, so we\u2019ve tried to answer some of the most common questions about our exchange and how it all works.<\/p><p>First, here\u2019s a few things you need to know about <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> trading<\/p><ul><li>The crypto market is highly volatile compared to other financial markets. There is potential for big gains as well as losses.<\/li><li>A cryptocurrency exchange is not part of the traditional stock exchange<\/li><li>Crypto never sleeps \u2013 it\u2019s a 24-hour market<\/li><li>Cryptocurrency is <strong>MUCH more<\/strong> than just Bitcoin<\/li><li>Getting involved in cryptocurrency has never been <a href=\"https:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">safer &amp; more accessible<\/a><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-437d339 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"437d339\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-63db9c3\" data-id=\"63db9c3\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a09cb54 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a09cb54\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-d677122\" data-id=\"d677122\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e27b9d2 elementor-widget elementor-widget-heading\" data-id=\"e27b9d2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Takeaways\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2029f22 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"2029f22\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cryptocurrency exchanges are a marketplace for buying\/selling cryptocurrency<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">An exchange\u2019s order book is a list of ALL the open orders<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Exchanges get their prices from a variety of markets, resulting in slight price differences across exchanges<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The difference between buy\/sell prices are called \u2018spreads\u2019<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-210f77f elementor-widget elementor-widget-menu-anchor\" data-id=\"210f77f\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-a-cryptocurrency-exchange\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ac25e3 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"9ac25e3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is a cryptocurrency exchange?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eb3efd elementor-widget elementor-widget-text-editor\" data-id=\"0eb3efd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A <a href=\"https:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">cryptocurrency exchange<\/a> is a digital marketplace that connects buyers and sellers. They are easy-to-use platforms that allow you to buy a variety of cryptocurrencies with either regular fiat money (AUD, USD, etc.) or other cryptocurrencies.<\/p><ul><li>Cryptocurrency exchanges allow cryptocurrencies to be bought\/sold without the need to involve a bank or government (though most reputable ones require a know your customer (KYC) check).<br \/><br \/><\/li><li>Exchanges work like brokerages, where a buyer places an order at a specific price, which is filled (a trade occurs) when a seller offers the asset at that price.<br \/><br \/><\/li><li>The prices of assets on an exchange are shown on an \u2018order book\u2019 which is dictated by the market (real people offering to buy\/sell crypto assets at specific prices).<br \/><br \/><\/li><li>You can store your crypto assets in your <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-wallet\/\" target=\"_blank\" rel=\"noopener\">digital wallet<\/a> that will be provided by the exchange.<br \/><br \/><\/li><li>Crypto exchanges also offer customer support and a wide range of trading features.<\/li><\/ul><p>We\u2019ll get into exactly how an exchange gets its prices (and why prices differ across different exchanges) in a moment, but first let\u2019s cover some of the basics.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eafd8ee elementor-widget elementor-widget-image\" data-id=\"eafd8ee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"607\" height=\"229\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/cypto-phone.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/cypto-phone.jpg 607w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/cypto-phone-300x113.jpg 300w\" sizes=\"auto, (max-width: 607px) 100vw, 607px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-818c1ea elementor-widget elementor-widget-menu-anchor\" data-id=\"818c1ea\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-an-order-or-open-order\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1b2a8c elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"f1b2a8c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is an \u2018order\u2019 or \u2018open order\u2019?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f93c0b elementor-widget elementor-widget-text-editor\" data-id=\"5f93c0b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><strong>An<\/strong> order book is the list of all\u00a0\u2018<em>open orders\u2019<\/em>\u00a0that are currently available on an exchange for a specific trading pair (<a href=\"https:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a> allows you to buy crypto direct with AUD, our trading pairs are often BTC\/AUD, ETH\/AUD, ADA\/AUD, etc.)<\/p><p>An \u2018order\u2019 or \u2018open order\u2019 is essentially an investor saying they are willing to buy or sell an asset at a specific price. For instance, I could place an open order to buy BTC at a price of $ 50,000 AUD, which would then be \u2018filled\u2019 or executed when someone placed an open order to sell BTC at my desired price.<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a47f28 elementor-widget elementor-widget-menu-anchor\" data-id=\"9a47f28\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-an-order-book\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4f86ef elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"a4f86ef\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is an order book?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82494a7 elementor-widget elementor-widget-text-editor\" data-id=\"82494a7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>An exchange\u2019s order book is a list of ALL the open orders on a specific trading pair (e.g. BTC\/AUD, ETH\/USD, BTC\/ADA). It can be seen as a marketplace of buyers and sellers trading with each other.<\/p><p>Anyone can place an open buy\/sell order, which is a kind of offer to buy\/sell at a specific price. This order will remain on the order book until the person either cancels the order or someone else places an order that meets the desired price of that order.<\/p><p><em>EXAMPLE<br \/><br \/>I place an order to buy Bitcoin for $50,000. Someone else on the exchange will need to agree to\u00a0sell\u00a0Bitcoin at the same price of $50,000 for this order to be filled\/completed. <\/em><\/p><p><em>Note: Placing an order on the order book does\u00a0<strong>not\u00a0<\/strong>guarantee someone else will meet your price and take the offer. If someone else on the exchange has placed a better order (an order to buy at a higher price or sell at a lower price) that order will be taken and filled first.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8388fa9 elementor-widget elementor-widget-image\" data-id=\"8388fa9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"608\" height=\"226\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/Crypto-Phone-2.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/Crypto-Phone-2.jpg 608w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/Crypto-Phone-2-300x112.jpg 300w\" sizes=\"auto, (max-width: 608px) 100vw, 608px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43fe8e4 elementor-widget elementor-widget-menu-anchor\" data-id=\"43fe8e4\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-do-i-place-an-order-that-will-get-filled\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5ad1a3 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"f5ad1a3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">How do I place an order that will get filled?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9be98f elementor-widget elementor-widget-text-editor\" data-id=\"b9be98f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><em>If you want to place an order that will be filled in a timely manner, we must either take an existing order on the order book, or list a competitive price so that our order gets filled before other traders<\/em><em>.<\/em><br \/><br \/><em>It is tempting to set a buy\/sell order at a price you are happy with (after all, who doesn\u2019t like buying\/selling at a great price?), but we then run the risk of our order not being filled due to other traders offering better orders than our own. <\/em><\/p><p><em>EXAMPLE <\/em><br \/><br \/><em>If I placed an order to sell BTC at $100,000, but the current market price was only $60,000, this order would likely not be filled until the market price increased significantly. <\/em><br \/><br \/><em>Other traders may have placed orders to sell BTC at $61,000, and buyers must first take those better offers before they can take your offer of $100,000. This \u2018best offer\u2019 system is automatically enforced by exchanges to ensure you get the best price and don\u2019t accidentally take worse offers than necessary.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-48cda70 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48cda70\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6a7def7\" data-id=\"6a7def7\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f0de523 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"f0de523\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23cefb7 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"23cefb7\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b7b11f elementor-widget elementor-widget-heading\" data-id=\"2b7b11f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1d8bb9 elementor-widget elementor-widget-menu-anchor\" data-id=\"b1d8bb9\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-market-price\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0776a40 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"0776a40\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is market price?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-463e9b7 elementor-widget elementor-widget-text-editor\" data-id=\"463e9b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The current price of an asset on the market. The market price should be roughly the average of the price across a number of exchanges.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-46d9b85 elementor-widget elementor-widget-image\" data-id=\"46d9b85\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"605\" height=\"227\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/cypto-phone-3.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/cypto-phone-3.jpg 605w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/06\/cypto-phone-3-300x113.jpg 300w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c29139a elementor-widget elementor-widget-menu-anchor\" data-id=\"c29139a\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-liquidity\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f211a17 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"f211a17\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is liquidity?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bccfb86 elementor-widget elementor-widget-text-editor\" data-id=\"bccfb86\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Liquidity\u00a0refers to the ease with which a cryptocurrency can be bought and sold for fiat currency or another cryptocurrency without affecting its market price.<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-007df48 elementor-widget elementor-widget-menu-anchor\" data-id=\"007df48\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-does-trading-with-an-exchange-work\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88a7506 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"88a7506\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">How does trading with an exchange work?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-51cf7f1 elementor-widget elementor-widget-text-editor\" data-id=\"51cf7f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul><li>Users transfer money or existing crypto to their account on the exchange, which the exchange securely stores.<br \/><br \/><\/li><li>The user can buy\/sell crypto with the assets in their account by placing a buy\/sell \u2018order\u2019. (Note: Not all exchanges allow you to purchase crypto direct with fiat (AUD\/USD))<br \/><br \/><\/li><li>Once an order is placed, the exchange finds a seller or buyer to match your trade<br \/><br \/><\/li><li>Once a buyer\/seller is found, the exchange then facilitates the trade and completes your transaction.<br \/><br \/><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8445d4d elementor-widget elementor-widget-menu-anchor\" data-id=\"8445d4d\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-are-prices-on-different-exchanges-different\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b76ceb9 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"b76ceb9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Why are prices on different exchanges different?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-efe0953 elementor-widget elementor-widget-text-editor\" data-id=\"efe0953\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Each exchange goes to a range of markets, both international and local to get their prices for any given coin. While the prices across exchanges are generally pretty similar, there will be a slight difference due to the fact that there are multiple markets for any given cryptocurrency.<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1da8b2 elementor-widget elementor-widget-menu-anchor\" data-id=\"c1da8b2\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-are-the-buy-and-sell-prices-different-on-an-exchange\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e75827 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"4e75827\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Why are the buy & sell prices different on an exchange?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97c89b9 elementor-widget elementor-widget-text-editor\" data-id=\"97c89b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>In any market, cryptocurrency or otherwise, there will always be a difference in price between what buyers and sellers are willing to trade at. These are called spreads.<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5ec6dd3 elementor-widget elementor-widget-menu-anchor\" data-id=\"5ec6dd3\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-spreads\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1d3a85 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"e1d3a85\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What are spreads?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2c0dd3 elementor-widget elementor-widget-text-editor\" data-id=\"b2c0dd3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The <a href=\"https:\/\/digitalsurge.com.au\/fees\" target=\"_blank\" rel=\"noopener\">spread<\/a> is the difference between the highest bid price and the lowest ask price on an exchange\u2019s orderbook.<\/p><p><em>Example:<\/em><\/p><p><em>Imagine you are negotiating a deal to buy Ethereum from someone. You might say you want to buy one Ethereum for $3,000, but the seller might respond by saying they will only sell 1 Ethereum for $4,000. Thus, the spread would be $4000 &#8211; $3000 = $1000 (the spread).<\/em><\/p><p><em>If you were to buy 1 Ethereum (at the lowest ask price), it would cost you $4,000. This means, however, that in order for you to sell that 1 Ethereum, the bid price would have to increase by at least $1000 before you could receive a profit (as the highest bid price is only $3000).<\/em><\/p><p><em>This is why trading over a large spread can be costly, highlighting the need to take spreads into account. The tighter (smaller) the spread, the better the deal. You can see a comparison table of trading fees and spreads here.<\/em><\/p><p><em>In theory, it\u2019s easier to make a profit on an asset with a small spread than one with a large spread since the asset needs to perform better when the spread is larger.<br \/><br \/><\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-773cd3b elementor-widget elementor-widget-menu-anchor\" data-id=\"773cd3b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-are-spreads-important-to-consider\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f4a2a9 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"7f4a2a9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Why are spreads important to consider?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-178a1ae elementor-widget elementor-widget-text-editor\" data-id=\"178a1ae\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/digitalsurge.com.au\/fees\" target=\"_blank\" rel=\"noopener\">Spreads<\/a>\u00a0can save or cost you a significant amount of money. Did you know that choosing an exchange with good spreads is often more important than the fees you incur while trading? In fact, spreads are a common place for exchanges to stash hidden fees that they don\u2019t state upfront!<\/p><p>Many exchanges claim to have low or even no fees and some even state they charge no fees whatsoever only to sneakily take their cut by giving you a much lower rate on any given coin. Not ideal! This is something you will never experience with <a href=\"https:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>!<\/p><p>When choosing an exchange, be sure to factor in spreads, currency conversion fees, and withdrawal\/deposit fees along with the normal trading fees \u2013 they can cost you a fortune down-the-line!<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4819158 elementor-widget elementor-widget-menu-anchor\" data-id=\"4819158\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-differently-do-cryptocurrency-markets-and-traditional-financial-markets-operate\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c85d86 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"0c85d86\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">How differently do cryptocurrency markets & traditional financial markets operate?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e45181b elementor-widget elementor-widget-text-editor\" data-id=\"e45181b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>While cryptocurrency markets do differ from traditional markets in many ways (they are open 24\/7, for example), from a trader\u2019s perspective, they operate in a similar fashion.<\/p><p>Crypto assets can be traded via exchanges and brokers. Exchanges in particular can be likened to the regular stock exchange in that it is an open marketplace that connects buyers and sellers who can trade with each other.<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83df3a2 elementor-widget elementor-widget-menu-anchor\" data-id=\"83df3a2\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-slippage\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-044515a elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"044515a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is slippage?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1120e09 elementor-widget elementor-widget-text-editor\" data-id=\"1120e09\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>When\u00a0you place a buy or sell order on a crypto exchange, the exact price you see is not always the price you get (unless you use a platform with instant orders\/guaranteed quotes)! When your order is filled at a different price than you expected, this is called slippage.<\/p><p>Slippage happens when traders have to settle for a different price than what they initially requested due to a price movement between the time an order is placed and the execution of a trade. Slippage occurs in all markets, like forex and stocks, however, it is more common in crypto markets (especially on decentralized exchanges like\u00a0<a href=\"https:\/\/coinmarketcap.com\/exchanges\/uniswap-v2\/\" target=\"_blank\" rel=\"noopener\">Uniswap<\/a>) due to its high volatility. Additionally, some altcoins suffer substantially from slippage due to their relatively low trading volume and liquidity.<\/p><p>There are two types of slippages: positive and negative. If the actual executed price is\u00a0<strong>lower<\/strong>\u00a0than the expected price for a buy order, it is considered\u00a0<em>positive slippage<\/em>\u00a0since it gives traders a better rate than they originally intended. If the actual executed price is\u00a0<strong>higher<\/strong>\u00a0than the expected price for a buy order, it is considered\u00a0<em>negative slippage<\/em>\u00a0since it gives traders a less favourable rate than they originally tried to execute. The opposite is true for sell orders.<\/p><p>If you are trading regularly, slippage can be costly. One way to avoid slippage is to place instant orders instead of market orders. This guarantees that the price you want is the price you get. Trigger orders don\u2019t guarantee the price, and we are in the process of introducing larger instant orders above $10k (that are also not guaranteed).<br \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0c8ed8 elementor-widget elementor-widget-menu-anchor\" data-id=\"c0c8ed8\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-moves-cryptocurrency-markets\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d645e8 elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"1d645e8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What moves cryptocurrency markets?<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82e8da4 elementor-widget elementor-widget-text-editor\" data-id=\"82e8da4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Like most financial markets, cryptocurrency markets move according to supply and demand. However, as they are <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\" rel=\"noopener\">decentralised<\/a>, they are inherently a different kind of asset class and must be treated accordingly. Some of the factors that can affect the prices of cryptocurrencies include:<\/p><ul><li><strong>Press\/Social media:<\/strong>\u00a0the way the cryptocurrency is portrayed in the media and how much coverage it is getting.<br \/><br \/><\/li><li><strong>Mainstream adoption:<\/strong>\u00a0the extent to which the cryptocurrency fills the market\u2019s demands and how well it integrates into existing infrastructure such as e-commerce payment systems.<br \/><br \/><\/li><li><strong>Notable events:<\/strong>\u00a0major events such as technological improvements, regulatory updates, company announcements, celebrity or institutional adoption, security breaches and economic setbacks.<br \/><br \/><\/li><li><strong>Supply<\/strong>:\u00a0the total number of coins and the rate at which they are released.<br \/><br \/><\/li><li><strong><a href=\"https:\/\/digitalsurge.com.au\/education\/understanding-market-cap-in-crypto\" target=\"_blank\" rel=\"noopener\">Market capitalisation<\/a>:<\/strong> the total value of all the coins in existence and how users perceive the coin to be developing.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4a702d8 elementor-widget elementor-widget-text-editor\" data-id=\"4a702d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>If you&#8217;re still unsure whether you want to get involved in the world of crypto, check out our guide on if <a href=\"https:\/\/digitalsurge.com.au\/education\/is-crypto-investing-for-you\" target=\"_blank\" rel=\"noopener\">investing in cryptocurrency is for you.<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-35e1ffc\" data-id=\"35e1ffc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a378a85 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a378a85\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-549ffb8\" data-id=\"549ffb8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ae1424b elementor-widget elementor-widget-heading\" data-id=\"ae1424b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d28af8 elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"3d28af8\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7315\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/\"  data-item_title=\"Crypto exchanges, markets &amp; orderbooks explained\"  data-item_date=\"2021-07-13T04:18:29+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6887144 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6887144\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-45a3065\" data-id=\"45a3065\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-126a4e7 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"126a4e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d18a930 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"d18a930\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ea0f97 elementor-widget elementor-widget-heading\" data-id=\"7ea0f97\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0018a82 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0018a82\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4af623d\" data-id=\"4af623d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6692725 elementor-widget elementor-widget-text-editor\" data-id=\"6692725\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e08a439 elementor-widget elementor-widget-text-editor\" data-id=\"e08a439\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aa215ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aa215ea\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7a55112\" data-id=\"7a55112\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-050491a elementor-widget elementor-widget-heading\" data-id=\"050491a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Related articles\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-899419e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"899419e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cdc0168\" data-id=\"cdc0168\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d564a39 elementor-widget elementor-widget-heading\" data-id=\"d564a39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\">What is Blockchain?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3930454\" data-id=\"3930454\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d8add46 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"d8add46\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-blockchain\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"92\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png 360w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual-300x77.png 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ce5d4c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ce5d4c5\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-543b4c8\" data-id=\"543b4c8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14d1a91 elementor-widget elementor-widget-heading\" data-id=\"14d1a91\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/which-crypto-investing-strategy-is-right-for-you\" target=\"_blank\">Which crypto investing strategy is for you?<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bc03b1f\" data-id=\"bc03b1f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd6782c elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"cd6782c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/which-crypto-investing-strategy-is-right-for-you\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"210\" height=\"238\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/Strategy_visual.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c4cfad6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c4cfad6\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8662271\" data-id=\"8662271\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8246058 elementor-widget elementor-widget-heading\" data-id=\"8246058\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\">What is a smart contract?<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fe61a9f\" data-id=\"fe61a9f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0340d6f elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"0340d6f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"228\" height=\"84\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/smart_contract_visual.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e2ae303 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e2ae303\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a26f268\" data-id=\"a26f268\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c515af0 elementor-widget elementor-widget-heading\" data-id=\"c515af0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/12-beginner-crypto-mistakes-to-avoid\" target=\"_blank\">12 Beginner crypto mistakes to avoid\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-389de6b\" data-id=\"389de6b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4054d17 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"4054d17\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/12-beginner-crypto-mistakes-to-avoid\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"165\" height=\"203\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/Mistakes.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7315\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/\"  data-item_title=\"Crypto exchanges, markets &amp; orderbooks explained\"  data-item_date=\"2021-07-13T04:18:29+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>\u2190 Back Cryptocurrency exchanges, markets &#038; orderbooks explained This article will give you an overview of how cryptocurrency exchanges, markets and orderbooks operate. The world of crypto can be overwhelming if you\u2019re new, so we\u2019ve tried to answer some of the most common questions about our exchange and how it all works. First, here\u2019s a few things you need to know about cryptocurrency trading The crypto market is highly volatile compared to other financial markets. There is potential for big gains as well as losses. A cryptocurrency exchange is not part of the traditional stock exchange Crypto never sleeps \u2013\u2026<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7315\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/\"  data-item_title=\"Crypto exchanges, markets &amp; orderbooks explained\"  data-item_date=\"2021-07-13T04:18:29+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-7315","page","type-page","status-publish","hentry"],"blocksy_meta":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>\u2190 Back Cryptocurrency exchanges, markets &#038; orderbooks explained What is a cryptocurrency exchange?\u200b What is an \u2018order\u2019 or \u2018open order\u2019?\u200b What is an order book?\u200b How do I place an order that will get filled?\u200b What is market price?\u200b What is liquidity?\u200b How does trading with an exchange work?\u200b Why are prices on different exchanges different?\u200b Why are the buy &#038; sell prices different on an exchange?\u200b What are spreads?\u200b Why are spreads important to consider?\u200b How differently do cryptocurrency markets &#038; traditional financial markets operate?\u200b What is slippage?\u200b What moves cryptocurrency markets?\u200b Menu What is a cryptocurrency exchange?\u200b What&hellip;<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_7315\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/\"  data-item_title=\"Crypto exchanges, markets &amp; orderbooks explained\"  data-item_date=\"2021-07-13T04:18:29+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","category_list":"","author_info":{"name":"user","url":"http:\/\/3.26.50.104\/education\/author\/user\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Crypto exchanges, markets &amp; orderbooks explained - Crypto Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto exchanges, markets &amp; orderbooks explained - Crypto Simple\" \/>\n<meta property=\"og:description\" content=\"\u2190 Back Cryptocurrency exchanges, markets &#038; orderbooks explained This article will give you an overview of how cryptocurrency exchanges, markets and orderbooks operate. The world of crypto can be overwhelming if you\u2019re new, so we\u2019ve tried to answer some of the most common questions about our exchange and how it all works. First, here\u2019s a few things you need to know about cryptocurrency trading The crypto market is highly volatile compared to other financial markets. There is potential for big gains as well as losses. A cryptocurrency exchange is not part of the traditional stock exchange Crypto never sleeps \u2013\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Simple\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DigitalSurgeAU\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-05T01:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/08\/Microscope_research.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@digitalsurge_AU\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/\",\"url\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/\",\"name\":\"Crypto exchanges, markets & orderbooks explained - Crypto Simple\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/Microscope_research.png\",\"datePublished\":\"2021-07-13T04:18:29+00:00\",\"dateModified\":\"2021-08-05T01:28:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/#primaryimage\",\"url\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/Microscope_research.png\",\"contentUrl\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/Microscope_research.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/3.26.50.104\\\/education\\\/crypto-exchanges-markets-orderbooks-explained\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto exchanges, markets &#038; orderbooks explained\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#website\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\",\"name\":\"Digital Surge\",\"description\":\"Crypto Simple\",\"publisher\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#organization\",\"name\":\"Digital Surge\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Digital-Surge-Logo-Gradient.svg\",\"contentUrl\":\"https:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Digital-Surge-Logo-Gradient.svg\",\"width\":1,\"height\":1,\"caption\":\"Digital Surge\"},\"image\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DigitalSurgeAU\",\"https:\\\/\\\/x.com\\\/digitalsurge_AU\",\"https:\\\/\\\/www.instagram.com\\\/digitalsurgeau\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto exchanges, markets & orderbooks explained - Crypto Simple","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/","og_locale":"en_US","og_type":"article","og_title":"Crypto exchanges, markets & orderbooks explained - Crypto Simple","og_description":"\u2190 Back Cryptocurrency exchanges, markets &#038; orderbooks explained This article will give you an overview of how cryptocurrency exchanges, markets and orderbooks operate. The world of crypto can be overwhelming if you\u2019re new, so we\u2019ve tried to answer some of the most common questions about our exchange and how it all works. First, here\u2019s a few things you need to know about cryptocurrency trading The crypto market is highly volatile compared to other financial markets. There is potential for big gains as well as losses. A cryptocurrency exchange is not part of the traditional stock exchange Crypto never sleeps \u2013\u2026","og_url":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/","og_site_name":"Crypto Simple","article_publisher":"https:\/\/www.facebook.com\/DigitalSurgeAU","article_modified_time":"2021-08-05T01:28:25+00:00","og_image":[{"url":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/08\/Microscope_research.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_site":"@digitalsurge_AU","twitter_misc":{"Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/","url":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/","name":"Crypto exchanges, markets & orderbooks explained - Crypto Simple","isPartOf":{"@id":"http:\/\/3.26.50.104\/education\/#website"},"primaryImageOfPage":{"@id":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/#primaryimage"},"image":{"@id":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/#primaryimage"},"thumbnailUrl":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/08\/Microscope_research.png","datePublished":"2021-07-13T04:18:29+00:00","dateModified":"2021-08-05T01:28:25+00:00","breadcrumb":{"@id":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/#primaryimage","url":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/08\/Microscope_research.png","contentUrl":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/08\/Microscope_research.png"},{"@type":"BreadcrumbList","@id":"https:\/\/3.26.50.104\/education\/crypto-exchanges-markets-orderbooks-explained\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/3.26.50.104\/education\/"},{"@type":"ListItem","position":2,"name":"Crypto exchanges, markets &#038; orderbooks explained"}]},{"@type":"WebSite","@id":"http:\/\/3.26.50.104\/education\/#website","url":"http:\/\/3.26.50.104\/education\/","name":"Digital Surge","description":"Crypto Simple","publisher":{"@id":"http:\/\/3.26.50.104\/education\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/3.26.50.104\/education\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/3.26.50.104\/education\/#organization","name":"Digital Surge","url":"http:\/\/3.26.50.104\/education\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/3.26.50.104\/education\/#\/schema\/logo\/image\/","url":"https:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/03\/Digital-Surge-Logo-Gradient.svg","contentUrl":"https:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/03\/Digital-Surge-Logo-Gradient.svg","width":1,"height":1,"caption":"Digital Surge"},"image":{"@id":"http:\/\/3.26.50.104\/education\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DigitalSurgeAU","https:\/\/x.com\/digitalsurge_AU","https:\/\/www.instagram.com\/digitalsurgeau\/"]}]}},"_links":{"self":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/7315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/comments?post=7315"}],"version-history":[{"count":76,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/7315\/revisions"}],"predecessor-version":[{"id":10417,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/7315\/revisions\/10417"}],"wp:attachment":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/media?parent=7315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}