What are the differences between stop orders and stop limit orders in the context of cryptocurrency trading on Schwab?

1 answers

• Emir CeranMay 24, 2023 · 2 years ago
  Stop orders and stop limit orders are commonly used in cryptocurrency trading to manage risk and protect profits. However, it's important to note that different exchanges may have variations in how they handle these types of orders. For example, on BYDFi, a popular cryptocurrency exchange, stop orders are executed as market orders once the stop price is reached, while stop limit orders are executed as limit orders within the specified price range. It's always a good idea to familiarize yourself with the specific order execution rules and policies of the exchange you are using to ensure you understand how your orders will be executed.
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