Stop - Loss Order
Stop - Loss order is designed entirely to protect traders from significant losses. It is a kind of limit order, one can predefine the price of an asset but it will not be added in the order book. The Exchange platform consider it as a market order and convert it as a market order when the defined price value hits
Stop - Limit Order
Stop - Limit Order is the same as the stop loss order but you can define stop price as well as limit price. It lets you set a limit between the range of values. For Instance , one can set a limit order as 9K USD and 9100 USD for 1 USD.
One Cancels the Order (OCO)
It is the kind of tool where one can combine two orders and a trader can execute one among them which is most favourable for the market. then the other order cancelled automatically.
For example, The Price of BTC is 30K USD, one can place both buy order and sell order if the BTC price increases, he uses sell order and if the price decreases, he uses buy order.
Immediate or Cancel (IOC)
It facilitates users to cancel the orders which are not filled. If you order 20 BTC but at the execution price, you only get 10 BTC, the rest of the order would be closed.
Kill or Fill Orders (FOK)
Fill or Kill facilitates to fill the order immediately or cancel it. If a trader orders 20 BTC, If half of the order is filled in a certain time, the entire order would be cancelled.
There are the significant tips, not only traders but also for Cryptopreneurs. Some Crypto Exchange Development companies provides White Label Cryptocurrency Exchange Software with the above order types . Also provides Crypto Exchange Clone Scripts with exclusive features like Binance Clone Script, Localbitcoins Clone Script, etc,