# Order Types

## Market Order

Urani Swap offers a fallback mechanism that fills the order at the spot price.

{% hint style="info" %}
It's widely known that regular retail traders without private information about prices should favor limit orders over market orders. In addition, market orders are not protected against toxic-MEV.
{% endhint %}

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## Limit Orders

**Limit orders are buy or sell orders automatically placed once an asset hits a specific price.** These orders can generate a surplus, and the user receives the price determined at execution time. By design, limit orders have little or no slippage, so they can bypass certain toxic-MEV attacks.

In its simplest form, [**Urani's intents**](/urani-swap/technical-considerations/uranis-intents.md) work similarly to limit orders, guaranteeing that the settlement solution is at least as good as the on-chain value that could be found directly from any AMM or aggregator.

{% hint style="info" %}
Limit orders on Urani can be set with a diverse expiration value of 5 minutes to a month.
{% endhint %}

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## Trading vs. Swapping

There is little difference between a swap and a trade on DeFi platforms, besides the user experience.

While trading platforms are designed with charts, indicators, and tools to time entry and exit from the markets, swaps are used by users who just want to move funds in their wallets. The former benefits the most from Urani Swap.

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## Other Order Types

Other order types will be implemented sequentially in the protocol, such as DCA, stop-loss orders, and TWAP.

Additional order possibilities can evolve from the ecosystem, such as conditional intents (allowing an action when one or more conditions are met), multi-step intents (where one intent is solved, starting one or more new intents), programmatic orders, and more.


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