Is there a way to enable a stop loss order on Binance to protect my investments in cryptocurrencies?

3 answers

• core jjJul 01, 2020 · 5 years ago
  Yes, Binance offers a stop loss order feature that allows you to set a specific price at which your cryptocurrency will be sold automatically. This can help protect your investments by limiting potential losses if the market price drops. To enable a stop loss order on Binance, you can go to the trading page of the specific cryptocurrency you want to set the order for, select the 'Stop-Limit' order type, and set the stop price and limit price accordingly. It's important to note that stop loss orders are not foolproof and may not always execute at the exact stop price due to market volatility or liquidity issues.
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• Firdavs GaybullayevFeb 08, 2022 · 3 years ago
  Absolutely! Binance provides a stop loss order option to safeguard your investments in cryptocurrencies. By setting a stop loss order, you can define a specific price at which you want your assets to be sold automatically if the market price reaches that level. This can help you minimize potential losses and protect your investment capital. To enable a stop loss order on Binance, simply navigate to the trading page of the desired cryptocurrency, choose the 'Stop-Limit' order type, and specify the stop price and limit price. Remember to consider market conditions and set your stop loss order accordingly.
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• BulpahSep 30, 2020 · 5 years ago
  Yes, you can enable a stop loss order on Binance to protect your investments in cryptocurrencies. Stop loss orders are designed to automatically sell your assets if the market price drops to a specified level, helping you limit potential losses. To set a stop loss order on Binance, go to the trading page of the cryptocurrency you want to place the order for, select the 'Stop-Limit' order type, and set the stop price and limit price. Keep in mind that stop loss orders are subject to market conditions and may not always execute at the exact stop price.
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