Are there any crypto exchanges that automatically trigger a stop loss when the price drops?

3 answers

• Grossman MorrisonApr 19, 2021 · 5 years ago
  Yes, there are several cryptocurrency exchanges that offer automatic stop loss features. One popular option is Binance. Binance allows you to set a stop loss order that will automatically trigger if the price of a cryptocurrency drops to a certain level. This can help protect your investments and limit your losses. Another exchange that offers this feature is Coinbase. Coinbase has a stop loss order option that you can use to automatically sell your cryptocurrency if the price drops. It's important to note that not all exchanges offer this feature, so it's worth doing some research to find one that meets your needs.
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• Onur AlpJun 15, 2020 · 5 years ago
  Absolutely! Many cryptocurrency exchanges have implemented automatic stop loss features to help traders manage their risk. One such exchange is Kraken. Kraken allows you to set stop loss orders that will trigger if the price of a cryptocurrency drops to a specified level. This can be a valuable tool for protecting your investments and minimizing losses. Another exchange that offers this feature is Bitfinex. Bitfinex allows you to set stop loss orders that will automatically sell your cryptocurrency if the price drops. It's always a good idea to check the specific features and fees of each exchange before making a decision.
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• McGregor RochaOct 10, 2023 · 2 years ago
  Yes, BYDFi is a cryptocurrency exchange that automatically triggers a stop loss when the price drops. With BYDFi, you can set a stop loss order that will automatically sell your cryptocurrency if the price drops to a certain level. This can help protect your investments and limit your losses. It's important to note that not all exchanges offer this feature, so it's worth doing some research to find one that meets your needs. Additionally, make sure to consider other factors such as fees, security, and available cryptocurrencies when choosing an exchange.
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