Are there any limitations or restrictions when placing stop-limit orders on Binance?

5 answers

• Priyanka SinghAug 14, 2023 · 2 years ago
  When placing stop-limit orders on Binance, there are a few limitations and restrictions to keep in mind. Firstly, there is a minimum order quantity requirement for stop-limit orders. This means that you need to specify a minimum amount of the cryptocurrency you want to buy or sell when setting up a stop-limit order. Additionally, there may be certain trading pairs that do not support stop-limit orders on Binance. It's important to check the available trading pairs and their associated order types before placing your order. Lastly, it's worth noting that stop-limit orders may not guarantee execution, especially during periods of high volatility or low liquidity. It's always a good idea to monitor the market closely and adjust your orders accordingly.
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• Bird KesslerOct 25, 2023 · 2 years ago
  Placing stop-limit orders on Binance comes with a few limitations and restrictions. One important limitation is the maximum price deviation allowed for the stop price. Binance sets a maximum deviation percentage, which means that your stop price cannot be set too far away from the current market price. This is to prevent potential market manipulation or unfair trading practices. Additionally, there may be certain restrictions on the duration of stop-limit orders. Some trading platforms impose time limits on how long a stop-limit order can remain active. It's important to check the specific rules and regulations of Binance regarding stop-limit orders to ensure compliance.
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• McCann LoweAug 16, 2021 · 4 years ago
  When it comes to placing stop-limit orders on Binance, it's important to understand the limitations and restrictions in order to make informed trading decisions. One notable restriction is that Binance may have different requirements for different trading pairs. For example, the minimum order quantity and maximum price deviation allowed may vary depending on the specific cryptocurrency you're trading. It's crucial to review the trading rules and guidelines provided by Binance for each trading pair before placing your stop-limit order. Additionally, it's worth mentioning that BYDFi, a digital currency exchange, offers a similar stop-limit order feature with its own set of limitations and restrictions. It's always a good practice to compare and evaluate different exchanges to find the one that best suits your trading needs.
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• Huy TrươngJan 10, 2025 · 6 months ago
  Placing stop-limit orders on Binance is subject to certain limitations and restrictions. One important limitation is the availability of stop-limit orders for specific trading pairs. While Binance supports a wide range of cryptocurrencies, not all trading pairs may have the option to place stop-limit orders. It's recommended to check the Binance website or consult their customer support for the most up-to-date information on available order types for each trading pair. Additionally, it's important to note that stop-limit orders are not guaranteed to be executed immediately. The execution of a stop-limit order depends on market conditions, such as liquidity and price movements. It's advisable to monitor the market closely and adjust your orders accordingly to increase the chances of successful execution.
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• dqwfJun 28, 2021 · 4 years ago
  When placing stop-limit orders on Binance, it's important to be aware of the limitations and restrictions that may apply. One limitation is the minimum order value requirement for stop-limit orders. Binance may have a minimum amount of cryptocurrency that needs to be bought or sold when setting up a stop-limit order. This requirement ensures that the order is economically viable for the exchange. Additionally, there may be restrictions on the maximum price deviation allowed for the stop price. Binance sets limits to prevent potential market manipulation. It's crucial to review the specific requirements and restrictions for stop-limit orders on Binance to ensure a smooth trading experience.
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