How do I place a market order on Lovely Legends?
Open the Trade tab, pick your market, and select the Market tab in the order form. Choose Buy or Sell and enter the size — a market buy is sized in the quote currency, so you state how much you want to spend rather than how much you want to receive. Tap Buy or Sell and the order fills immediately against the best prices in the order book.
What a market order does
A market order fills immediately at the best available prices. You control that you trade, but not the exact price you get — the order takes whatever the book is offering, working down through the best prices until it is filled.
Place a market order, step by step
Open Trade and select Market
Open the Trade tab, pick your market, then choose the "Market" tab in the order form.
Choose Buy or Sell
Pick the side. There is no price field — that is the point of a market order.
Enter the size
For a market BUY you state how much quote currency to spend — on an LF/USDT market, that is an amount in USDT. For a market SELL you state how much of the base asset to sell. The percentage shortcuts size from your available balance.
Place it
Tap Buy or Sell. The order executes immediately and the result appears in your order history. There is nothing resting on the book afterwards.
Why does a market buy ask for USDT and not LF?
Because with a market order you cannot know the price in advance, so you cannot know what a given quantity will cost. Stating what you will spend is the only way to guarantee the order stays inside your balance. The exchange fills as much of the base asset as your budget buys at the prices actually available.
On a thin order book, a market order can fill at a noticeably worse average price than the last traded price, because it eats through several price levels. If the book is thin and you care about the price, use a limit order.
Fees on a market order
A market order is always a taker order — it removes liquidity from the book — so it is charged the taker fee, 0.30% as standard.