A market order is a request to buy or sell stock or crypto at the market’s best price. A market order normally guarantees execution but not a certain price. Market orders are best when the main objective is to execute the trade right away. Hence, market orders should only be used if one needs to buy or sell quickly and is not concerned about the price.
Market orders depend on market liquidity to be fulfilled because they are executed based on the limit orders already present in the order book. They are carried out instantly at the current market price, as opposed to limit orders, which are entered into the order book and wait for someone to execute them.
Your market order will match the best sell limit order on the order book since market orders are immediately executed.
