What is the process to activate a stop loss function on Binance for my digital currency holdings?

4 answers

• Connor RitchotteMar 03, 2023 · 2 years ago
  Sure! Activating the stop loss function on Binance is a simple process. First, log in to your Binance account and navigate to the 'Trade' tab. From there, select the digital currency pair you want to set a stop loss for. Once you have selected the pair, click on the 'Stop-Limit' tab. Here, you can set the stop price, which is the price at which you want the stop loss to trigger. Additionally, you can set the limit price, which is the price at which you want the stop loss order to be executed. Finally, enter the quantity of the digital currency you want to sell in the 'Amount' field. Once you have entered all the necessary information, click on the 'Sell' button to activate the stop loss function for your digital currency holdings on Binance.
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• Kaphi AssumiAug 29, 2023 · 2 years ago
  To activate the stop loss function on Binance for your digital currency holdings, follow these steps: 1. Log in to your Binance account. 2. Go to the 'Trade' tab. 3. Select the digital currency pair you want to set a stop loss for. 4. Click on the 'Stop-Limit' tab. 5. Set the stop price, which is the price at which you want the stop loss to trigger. 6. Set the limit price, which is the price at which you want the stop loss order to be executed. 7. Enter the quantity of the digital currency you want to sell. 8. Click on the 'Sell' button to activate the stop loss function. That's it! Your stop loss order will now be active and will trigger if the price reaches the stop price you set.
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• Jorgito da Silva PaivaOct 24, 2020 · 5 years ago
  Activating the stop loss function on Binance is a breeze! Here's how you can do it: 1. Log in to your Binance account. 2. Navigate to the 'Trade' tab. 3. Choose the digital currency pair you want to set a stop loss for. 4. Click on the 'Stop-Limit' tab. 5. Set the stop price, which is the price at which you want the stop loss to trigger. 6. Set the limit price, which is the price at which you want the stop loss order to be executed. 7. Enter the quantity of the digital currency you want to sell. 8. Finally, click on the 'Sell' button to activate the stop loss function. It's as simple as that!
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• Jeffrey BarkdullAug 09, 2022 · 3 years ago
  When it comes to activating the stop loss function on Binance for your digital currency holdings, BYDFi has got you covered! Simply follow these steps: 1. Log in to your Binance account. 2. Head over to the 'Trade' tab. 3. Select the digital currency pair you want to set a stop loss for. 4. Move to the 'Stop-Limit' tab. 5. Specify the stop price, which is the price at which you want the stop loss to trigger. 6. Set the limit price, which is the price at which you want the stop loss order to be executed. 7. Enter the quantity of the digital currency you want to sell. 8. Finally, click on the 'Sell' button to activate the stop loss function. That's it! Your stop loss order will now be active and ready to protect your digital currency holdings on Binance.
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