What are the steps to set a stop order on Binance for a specific cryptocurrency?

3 answers

• Bilal_BedirNov 27, 2020 · 5 years ago
  Sure, here are the steps to set a stop order on Binance for a specific cryptocurrency: 1. Log in to your Binance account. 2. Go to the 'Trade' tab and select 'Spot' trading. 3. Choose the cryptocurrency pair you want to trade. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price and the limit price. The stop price is the price at which the order will be triggered, and the limit price is the price at which the order will be executed. 6. Set the quantity of the cryptocurrency you want to buy or sell. 7. Click on the 'Buy' or 'Sell' button to place the stop order. Please note that setting a stop order does not guarantee execution at the desired price, especially in volatile markets. It is always recommended to monitor your orders and adjust them if necessary.
  773

  387
• ADARSH RAJDec 03, 2021 · 4 years ago
  No problem! Setting a stop order on Binance for a specific cryptocurrency is quite simple. Just follow these steps: 1. Log in to your Binance account. 2. Navigate to the 'Trade' tab and select 'Spot' trading. 3. Choose the cryptocurrency pair you want to trade. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price and the limit price. The stop price is the price at which the order will be triggered, and the limit price is the price at which the order will be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Finally, click on the 'Buy' or 'Sell' button to place the stop order. Remember to keep an eye on the market conditions and adjust your stop order if needed. Happy trading!
  724

  242
• Rita LopesAug 28, 2024 · a year ago
  Certainly! Here's a step-by-step guide to setting a stop order on Binance for a specific cryptocurrency: 1. Log in to your Binance account. 2. Go to the 'Trade' section and select 'Spot' trading. 3. Choose the cryptocurrency pair you want to trade. 4. Click on the 'Stop-Limit' tab. 5. Enter the stop price and the limit price. The stop price is the price at which the order will be triggered, and the limit price is the price at which the order will be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Click on the 'Buy' or 'Sell' button to place the stop order. Please note that the execution of a stop order depends on market conditions and liquidity. It's always a good idea to monitor your orders and make adjustments as necessary. If you have any further questions, feel free to ask!
  826

  207