The ways to place orders on Binance Spot trading go far beyond just "Limit" and "Market" types. The full array of order types includes Stop-Limit, OCO, Trailing Stop, Post Only, Time in Force, and more, each with specific applications. This article breaks down all the order types available in Binance Spot. For trading interfaces, it is recommended to use the Binance official website desktop version (which has the most features). Once you are advanced, you can use the Binance Official APP to place orders on the go. iPhone users can refer to the iOS installation tutorial.
Five Major Order Types on Binance Spot
The order placement section on the right side of the Spot trading page has the following tabs:
- Limit
- Market
- Stop-Limit
- OCO (One-Cancels-the-Other)
- Trailing Stop
Futures accounts feature even more specialized types like Stop Market, Reduce Only, and Limit TWAP, but this article focuses solely on Spot.
Type 1: Limit Order
Usage: You set a specific price on the order book and wait for the market to reach that price to execute.
Key Fields:
- Price: The price you want to execute at.
- Amount: How much to buy/sell.
- Total: The automatically calculated amount in USDT.
Use Cases:
- Buyers: Wanting to place a buy order below the current market price (buying the dip mentality).
- Sellers: Wanting to place a sell order above the current market price (taking profit mentality).
- Aiming for Maker fee discounts.
Note: If the price is set too far from the market, it might not execute for a long time. If set too close, it may get filled immediately. The appropriate distance is determined by your personal strategy.
Type 2: Market Order
Usage: Does not specify a price; executes immediately at the current best available counterparty price.
Key Fields:
- Amount (when selling) or Total (when buying)
Use Cases:
- Emergency entry / Emergency stop-loss.
- Small trades where slippage is negligible.
- Unwilling to watch the screen and wait for a specific price.
Risk: Large market orders can eat through multiple levels of the order book, resulting in an actual average execution price worse than what is displayed on the screen.
Type 3: Stop-Limit Order
Usage: Sets a Trigger Price. When the market reaches this condition, a Limit Order is automatically placed onto the order book.
Key Fields:
- Stop: The trigger condition.
- Limit: The price of the order placed after being triggered.
- Amount
Use Cases:
- Stop-loss upon breaking support: Stop price = support level, Limit price = slightly lower to ensure execution.
- Chasing a breakout upon passing resistance: Stop price = resistance level, Limit price = slightly higher to chase.
- Preventing slippage risk: More controllable than a Stop Market order.
Two Sub-modes:
- Stop-Limit Sell: Set the trigger above the current price (triggers when the price rises); or below the current price (triggers when the price falls).
- Stop-Limit Buy: The logic is reversed.
Type 4: OCO Order (One-Cancels-the-Other)
Usage: Places a Limit Order and a Stop-Limit Order simultaneously. When one triggers, the other is automatically cancelled.
Key Fields:
- Price: The price of the Limit Order (usually the take-profit target).
- Stop: The stop-loss condition.
- Limit: The actual price placed after the stop-loss is triggered.
- Amount
Use Cases:
- A one-click solution after opening a position: "Take profit if it goes up, stop loss if it goes down."
- Avoiding screen-watching by letting the system handle entries and exits automatically.
- A standard tool for swing trading.
OCO is the most frequently recommended advanced order type in Spot trading. Mastering it significantly boosts trading efficiency.
Type 5: Trailing Stop Order
Usage: Sets a trailing percentage (e.g., 2%). The system will automatically raise the trigger price as the market moves in a favorable direction, and keep it unchanged when it moves against you.
Key Fields:
- Trailing Delta: Between 1% and 20%.
- Activation Price (Optional): The price that must be reached before trailing begins.
- Amount
Example: Current BTC price is 60000, and you set a trailing stop with a 3% callback.
- If the price rises to 65000 → Trigger price automatically increases to 63050.
- If the price continues to rise to 70000 → Trigger price increases to 67900.
- If the price drops back to 67900 → A sell order is triggered.
Use Cases:
- Already profitable and wanting to lock in some profits without missing out on further upward trends.
- The trend is clear, but you don't know where the top is.
Advanced Option: Time in Force (TIF)
Under the Limit Order section, there is an "Advanced" dropdown containing TIF (Time in Force) settings:
- GTC (Good Till Cancel): Default. The order remains active until it is filled or manually cancelled.
- IOC (Immediate Or Cancel): Must be executed immediately; any unexecuted portion is automatically cancelled.
- FOK (Fill Or Kill): Must execute completely at once, or the entire order is cancelled.
Use Cases:
- You want to consume part of the order book but refuse to leave a pending order → IOC.
- Must execute the entire amount at once (e.g., arbitrage) → FOK.
- Standard pending orders → GTC.
Advanced Option: Post Only
A "Post Only" checkbox. When checked, the order will only be placed on the order book as a Maker. If submitting the order would cause it to execute immediately (becoming a Taker), it is automatically cancelled.
Purpose: Ensures you always enjoy Maker fee rates and prevents accidental Taker executions that incur higher fees. Commonly used by high-frequency traders and market makers.
Shortcuts for One-Click Order Placement
Below the order book interface, there is a row of quick order placement buttons:
- 25% / 50% / 75% / 100%: Quickly fills the quantity field based on a percentage of your balance.
- Simply click on a price level in the order book: Automatically fills the price field with that specific price.
These shortcuts can significantly accelerate manual order placement.
Frequently Asked Questions
Q: Will an unfilled order expire automatically?
A: No. GTC orders will remain open until they are filled, manually cancelled, the account is frozen, or the trading pair is delisted. You can view all unfilled orders in "Order History" → "Open Orders".
Q: How many orders can I place for a single trading pair?
A: For Binance Spot, there is a maximum of 200 unfilled orders per trading pair. Futures accounts have stricter limits. Daily trading rarely hits this ceiling.
Q: How do I set a reasonable Trailing Delta percentage?
A: It depends on volatility and holding period. Mainstream coins like BTC have an intra-day volatility of roughly 2-4%, so setting it to 3-5% is reasonable. Altcoins are highly volatile, making 5-10% safer. Setting it too tight gets you swept out by normal fluctuations; setting it too loose provides poor protection.
Q: Can I bundle multiple orders into one strategy?
A: Binance Spot does not natively support bundled strategy execution, but you can use OCO to achieve two-sided "take-profit + stop-loss" protection. More complex strategies (multi-level take-profit, pyramiding) require using API scripts or the Trading Bots module.