Is it possible to set a stop loss order on the Coinbase app to protect my cryptocurrency investments?

3 answers

• FastpopgunJul 12, 2021 · 4 years ago
  Yes, you can set a stop loss order on the Coinbase app. This feature allows you to automatically sell your cryptocurrency if its price drops to a certain level. It's a useful tool to protect your investments and limit potential losses. Just make sure to set the stop loss order at a price that you're comfortable with.
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• shunMar 17, 2023 · 2 years ago
  Absolutely! Coinbase app provides the option to set stop loss orders for your cryptocurrency investments. By setting a stop loss order, you can define a specific price at which you want to sell your assets if the market goes down. This helps you protect your investments by automatically executing the sell order when the price reaches your specified level.
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• squash_meisterAug 26, 2024 · a year ago
  Yes, you can definitely set a stop loss order on the Coinbase app to protect your cryptocurrency investments. It's a smart move to have a safety net in place, especially in the volatile world of cryptocurrencies. Setting a stop loss order ensures that you won't suffer significant losses if the market takes a turn for the worse. Remember to choose a stop loss price that aligns with your risk tolerance and investment strategy.
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