What is order book?Order Book
All the buy and sell orders that haven't filled yet, lined up by price.
Animation · order book
Learn “order book” in an animated lesson
- Crypto BasicsPlacing Orders on an Exchange: Maker and Taker
Buying crypto with USDT on an exchange: a market order fills right away but costs more in fees and may slip; a limit order is cheaper but might not fill.
- Stock Trading: Next StepsLimit Orders
Fill only at my price or better. A limit order joins the order book queue and waits for someone to trade with.
- Stock Trading: Next StepsMarket Orders
No price preference, fill it now. Submit a market order yourself and watch it "eat" through the asks level by level.
- Stock Trading: Next StepsReading the Order Book
Everyone's buy and sell orders sit in a single table. Follow the guided tour and read it line by line.
Related terms
See how “order book” works for yourself with an animation you can drag and play.
Go to “Placing Orders on an Exchange: Maker and Taker”