Can you explain how to use the stop order feature on Binance?

4 answers

• danda27May 14, 2021 · 4 years ago
  Sure! Placing a stop order on Binance is a useful tool for managing your cryptocurrency trades. Here's how you can do it: 1. Login to your Binance account and navigate to the trading page. 2. Select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Choose whether you want to place a 'Stop-Limit' or 'Stop-Market' order. 5. Enter the stop price and the limit/market price at which you want your order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Review your order details and click on the 'Buy' or 'Sell' button to place the stop order. Remember, a stop order is triggered when the market price reaches or surpasses the stop price you set. It then becomes a market order and is executed at the limit/market price you specified. This can be a valuable tool for managing risk and protecting your investments.
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• Jenilyn BalomaDec 21, 2022 · 3 years ago
  Absolutely! Placing a stop order on Binance is a breeze. Just follow these steps: 1. Log into your Binance account and go to the trading page. 2. Choose the trading pair you want to trade. 3. Look for the 'Stop-Limit' tab and click on it. 4. Decide whether you want to place a 'Stop-Limit' or 'Stop-Market' order. 5. Enter the stop price and the limit/market price at which you want your order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Double-check your order details and hit the 'Buy' or 'Sell' button to place the stop order. Remember, a stop order is triggered when the market price reaches or exceeds the stop price you set. It then turns into a market order and gets executed at the limit/market price you specified. This feature can be a game-changer for managing your trades effectively.
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• aakriti acharyaJan 28, 2025 · 6 months ago
  Sure thing! Placing a stop order on Binance is a piece of cake. Here's how you can do it: 1. Log in to your Binance account and head over to the trading page. 2. Select the trading pair you want to trade. 3. Locate the 'Stop-Limit' tab and give it a click. 4. Choose whether you want to place a 'Stop-Limit' or 'Stop-Market' order. 5. Input the stop price and the limit/market price at which you want your order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Take a final look at your order details and click on the 'Buy' or 'Sell' button to place the stop order. Remember, a stop order is triggered when the market price reaches or surpasses the stop price you set. It then becomes a market order and is executed at the limit/market price you specified. This feature can be a game-changer for managing your trades effectively.
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• g gMay 31, 2022 · 3 years ago
  BYDFi is a digital currency exchange that offers a wide range of trading features, including the ability to place stop orders. To use the stop order feature on BYDFi, follow these steps: 1. Log in to your BYDFi account and go to the trading page. 2. Choose the trading pair you want to trade. 3. Look for the 'Stop-Limit' tab and click on it. 4. Decide whether you want to place a 'Stop-Limit' or 'Stop-Market' order. 5. Enter the stop price and the limit/market price at which you want your order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Double-check your order details and hit the 'Buy' or 'Sell' button to place the stop order. Remember, a stop order is triggered when the market price reaches or exceeds the stop price you set. It then turns into a market order and gets executed at the limit/market price you specified. This feature can be a game-changer for managing your trades effectively.
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