How can I set up a stop loss on a cryptocurrency exchange like Binance?

1 answers

• Fellipe BastosDec 25, 2020 · 5 years ago
  As an expert in the cryptocurrency industry, I can guide you through the process of setting up a stop loss order on a cryptocurrency exchange like Binance. Here are the steps: 1. Login to your Binance account and go to the trading section. 2. Select the cryptocurrency pair you want to trade. 3. Look for the 'Stop-Limit' option and click on it. 4. Enter the stop price, which is the price at which you want the stop loss order to be triggered. 5. Set the limit price, which is the price at which you want the order to be executed. 6. Specify the quantity of the cryptocurrency you want to trade. 7. Review the details and click on the 'Place Order' button to set up your stop loss order. By following these steps, you'll be able to protect your investment and minimize potential losses. If you have any further questions, feel free to ask!
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