FAQ

Quick answers to common spot trading questions on Yellow.pro.

For full detail, see Order Types (market, limit, and stop orders) and Managing Orders (open orders, history, statuses, cancellations, and rejections).

What is the difference between a market order and a limit order?

A market order executes immediately at the best price currently available — you don't choose a specific price. A limit order lets you specify the exact price at which you want to buy or sell, and only fills at that price or better; if no matching liquidity exists, it stays open until filled or cancelled.

Market orders prioritise speed; limit orders prioritise price control. See Order Types.

What is a stop limit order and how do I use it?

A stop limit order activates only when the market reaches your trigger price, then places a limit order at your defined limit price. Set the trigger price (when it activates) and the limit price (the price of the resulting order). Because a limit order is placed after the trigger, there's no guarantee of execution if the market moves quickly past your limit price. See Order Types.

What is a stop market order and how does it differ from stop limit?

A stop market order also activates at a trigger price, but submits a market order immediately upon activation instead of a limit order. Use stop market when you want to ensure execution after the trigger; use stop limit when you want to control the worst price you'll accept. See Order Types.

Why are my funds locked while I have an open order?

When you place an order, Yellow.pro locks the funds needed to fill it — buy orders lock the quote currency (e.g. USDT), sell orders lock the base currency (e.g. BTC or ETH). They show as In Orders and return to Available when the order is filled, cancelled, or rejected. (Funds for a withdrawal that's still processing also show as In Orders.) This stops you from spending the same funds twice.

What is the difference between Open Orders, Order History, and Trade History?

Open Orders — currently active orders waiting to be filled or cancelled. Order History — a log of all orders placed (filled, partially filled, cancelled, or rejected). Trade History — a record of every actual fill. An order can appear in Order History with no Trade History entry if it was cancelled or rejected before filling. See Managing Orders.

What is the difference between a maker and a taker?

A maker places an order that rests in the book and adds liquidity (typically a limit order that doesn't fill immediately). A taker matches an existing order immediately and takes liquidity (always the case for market orders, and for limit orders that cross the spread). See Fees for how this affects your rate.