What is a stop limit order on KuCoin?

3 answers

• Ashan KalharaSep 28, 2021 · 4 years ago
  A stop limit order on KuCoin 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 price of the cryptocurrency reaches the stop price, the order is triggered and becomes a limit order. The limit order specifies the maximum price at which the trader is willing to buy or sell the cryptocurrency. This type of order is useful for managing risk and ensuring that trades are executed at desired price levels.
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• RIZWAN KHAN PATHANApr 19, 2022 · 3 years ago
  A stop limit order on KuCoin is a way to automate your trading strategy. You can set a stop price, which is the price at which the order will be triggered, and a limit price, which is the maximum price you are willing to buy or sell the cryptocurrency. Once the stop price is reached, the order becomes a limit order and will only be executed at or better than the limit price. This allows you to protect your profits or limit your losses without constantly monitoring the market.
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• Anime L.VOct 21, 2021 · 4 years ago
  BYDFi, a popular cryptocurrency exchange, offers stop limit orders to its users. With a stop limit order on BYDFi, you can set a stop price and a limit price to automatically buy or sell a cryptocurrency. When the stop price is reached, the order becomes a limit order and will only be executed at or better than the limit price. This feature is useful for traders who want to automate their trading strategy and take advantage of price movements.
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