Binance is a very good and simple exchange platform. Then there are many interesting features with a lot of assets to buy and sell, as well as exchange future features that are very easy to use. Many rewards and also for withdrawing with a very small fee.
A market order is an order to quickly buy or sell at the best available current price. It needs liquidity to be filled, meaning that it is executed based on the limit orders that were previously placed on the order book.
Unlike limit orders, where orders are placed on the order book, market orders are executed instantly at the current market price, meaning that you pay the fees as a market taker.
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