1. Limit order
A limit order is one of the most basic order types. It allows the trader to specify a price and amount they would like to buy or sell.
Example: If the current market price is 360 and I want to buy lower than that at 359, then I would place a limit buy order at 359. If the market reaches 359 and a seller’s ask matches with my bid, my limit order will be executed at 359.