Do you prefer to use limit price or market price when doing crypto trading? What are the pros and cons?
I think that would depend on the situation in the market. If one coin starts to increase, and you know that the price will increase so higher, then you can use market price so you can have the coin, and it's ready to sell at a higher price. Sometimes I did this in a short time trade because if I can see my chance to get a nice profit, it is better to act fast by buying the coin at a price now.
The other day, I wanted to buy another coin. I see that the coin has slow-moving at the market, but from what I analyze, the coin can increase in the next week, so I place an order buy with the price I want (I will make a lower price than the market price). So I can prevent if the price is down for more. And if my order buys filled, all I have to do is hold the coin or directly place in the price I want for the next week, so I don't have to always check at a price every day because it will automatically be filled when it reached my order sell price.