Overview

WhiteBIT divides order types into Basic (simple, common orders) and Advanced (orders with additional conditions or complexity) to simplify selection for traders.

Order Types by Market

Spot Market

Basic Orders include the following types:

• Market Order (an order to buy or sell instantly at the best available price, prioritizing speed over price certainty)
• Limit Order (an order to buy or sell at a specified price or better, prioritizing price control over immediate execution)

Advanced Orders include the following types:

• Advanced Limit (a Limit Order with additional execution conditions: Post-only, BBO, or IOC)
• Stop-Market (an order that triggers a Market Order when the asset reaches a specified stop price)
• Stop-Limit (an order that triggers a Limit Order when the asset reaches a specified stop price)
• Multi-Limit (an order that places multiple Limit Orders simultaneously at different price levels)

Futures and Margin Markets

Basic Orders include the following types:

• Market Order (an order to buy or sell instantly at the best available price)
• Limit Order (an order to buy or sell at a specified price or better)

Advanced Orders include the following types:

• Advanced Limit (a Limit Order with Post-only, BBO, or IOC execution conditions)
• Stop-Market (triggers a Market Order when the stop price is reached)
• Stop-Limit (triggers a Limit Order when the stop price is reached)
• Multi-Limit (places multiple Limit Orders at different price levels simultaneously)
• OCO (One-Cancels-the-Other: a combination of two linked orders (Limit and Stop-Limit), where the execution of one order automatically cancels the other.

Limit vs. Advanced Limit

The Limit Order functionality is divided into two types:

• Basic Limit Order (Good-Till-Cancelled by default, remains active until filled or manually cancelled)
• Advanced Limit Order (includes additional execution options: Post-only prevents taker fees, BBO improves queue position, IOC cancels unfilled portions immediately)

Order Type Display

Each order type in the selection modal includes:

• Name (the order type identifier)
• Description (a brief explanation of functionality)
• Icon (a visual representation for quick recognition)

Accessing Order Descriptions

On Mobile

• Information icon (tap to view a short explanation of the selected order type) OR Selector icon (tap to view a list with short explanations of the order types)
• "Learn more" link (opens the blog article in a WebView within the app)

On Web

• Information icon (hover to display a tooltip with a short description) or selector icon (tap to view a list with short explanations of the order types)
• "Learn more" link (opens the blog article in a new browser tab)

Learn more

For detailed information about each type of order and their differences, please refer to our article on types of exchange orders and their features.

Support

In case of any questions related to the functionality of our exchange, you can:

• Leave a request on our website;
• Write to the support email: support@whitebit.com;
• Write to the chat using the button in the lower right corner of the screen (in the upper right corner of the WhiteBIT app, click ).