What is a stop limit order on Binance and how does it work?

7 answers

• n3m0Jul 28, 2022 · 3 years ago
  A stop limit order on Binance is a type of order that combines the features of a stop order and a limit order. It allows traders to set a specific price at which they want to buy or sell a cryptocurrency. When the market price reaches the stop price, the order is triggered and a limit order is placed at the specified limit price. This means that the order will only be executed at the limit price or better. The stop limit order is useful for traders who want to enter or exit a position at a specific price level, while also having control over the maximum price they are willing to pay or the minimum price they are willing to sell at. For example, let's say you want to buy Bitcoin when its price reaches $50,000. You can set a stop limit order with a stop price of $50,000 and a limit price of $50,100. When the market price reaches $50,000, your order will be triggered and a limit order to buy Bitcoin at $50,100 will be placed. If the price reaches $50,100 or lower, your order will be executed. If the price goes above $50,100, your order will not be executed.
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• Hawkins OutzenJan 27, 2025 · 6 months ago
  A stop limit order on Binance is a powerful tool that allows traders to automate their trading strategy. It combines the features of a stop order, which triggers the order when the market price reaches a certain level, and a limit order, which sets the maximum price the trader is willing to pay or the minimum price the trader is willing to sell at. This means that traders can enter or exit a position at a specific price level, while also having control over the execution price. By using a stop limit order, traders can take advantage of price movements and ensure that their orders are executed at their desired price. It is important to note that stop limit orders are not guaranteed to be executed, especially in volatile market conditions where the price may gap through the specified limit price.
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• İBRAHİM YÜMLÜDec 13, 2023 · 2 years ago
  A stop limit order on Binance works by combining the features of a stop order and a limit order. When you place a stop limit order, you specify a stop price and a limit price. The stop price is the price at which the order will be triggered, and the limit price is the maximum price you are willing to pay or the minimum price you are willing to sell at. When the market price reaches the stop price, the order is triggered and a limit order is placed at the specified limit price. If the market price reaches the limit price or better, the order will be executed. If the market price does not reach the limit price, the order will remain open until it is either canceled or the market price reaches the limit price. It is important to note that stop limit orders may not be executed if the market price gaps through the specified limit price.
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• Hartvigsen FranklinMar 23, 2025 · 4 months ago
  A stop limit order on Binance is a type of order that allows traders to set a specific price at which they want to buy or sell a cryptocurrency. It combines the features of a stop order and a limit order to provide traders with more control over their trades. When the market price reaches the stop price, the order is triggered and a limit order is placed at the specified limit price. This means that the order will only be executed at the limit price or better. Traders can use stop limit orders to enter or exit a position at a specific price level, while also managing their risk by setting a limit price. It is important to note that stop limit orders are not guaranteed to be executed, especially in fast-moving markets where the price may change rapidly.
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• Anshuman YadavJan 31, 2021 · 4 years ago
  A stop limit order on Binance is a useful tool for traders who want to enter or exit a position at a specific price level. It allows traders to set a stop price, which triggers the order, and a limit price, which sets the maximum price the trader is willing to pay or the minimum price the trader is willing to sell at. When the market price reaches the stop price, the order is triggered and a limit order is placed at the specified limit price. If the market price reaches the limit price or better, the order will be executed. If the market price does not reach the limit price, the order will remain open until it is either canceled or the market price reaches the limit price. Traders can use stop limit orders to manage their risk and ensure that their orders are executed at their desired price.
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• CuiJan 27, 2022 · 3 years ago
  A stop limit order on Binance is a type of order that allows traders to set a stop price and a limit price. The stop price is the price at which the order will be triggered, and the limit price is the maximum price the trader is willing to pay or the minimum price the trader is willing to sell at. When the market price reaches the stop price, the order is triggered and a limit order is placed at the specified limit price. If the market price reaches the limit price or better, the order will be executed. If the market price does not reach the limit price, the order will remain open until it is either canceled or the market price reaches the limit price. It is important to note that stop limit orders may not be executed if the market price gaps through the specified limit price.
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• CuiDec 25, 2023 · 2 years ago
  A stop limit order on Binance is a type of order that allows traders to set a stop price and a limit price. The stop price is the price at which the order will be triggered, and the limit price is the maximum price the trader is willing to pay or the minimum price the trader is willing to sell at. When the market price reaches the stop price, the order is triggered and a limit order is placed at the specified limit price. If the market price reaches the limit price or better, the order will be executed. If the market price does not reach the limit price, the order will remain open until it is either canceled or the market price reaches the limit price. It is important to note that stop limit orders may not be executed if the market price gaps through the specified limit price.
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