What are the steps to follow to activate the stop loss feature on the Binance app for my crypto transactions?

3 answers

• dbraven26Jun 17, 2020 · 5 years ago
  Sure! Activating the stop loss feature on the Binance app is quite simple. Here are the steps: 1. Open the Binance app on your device. 2. Log in to your account or create a new one if you don't have an account yet. 3. Once you're logged in, navigate to the 'Trade' tab at the bottom of the screen. 4. Select the cryptocurrency pair you want to set a stop loss for. 5. Tap on the 'Stop-Limit' option. 6. Enter the stop price and the limit price. The stop price is the price at which the stop loss order will be triggered, and the limit price is the minimum price at which you're willing to sell. 7. Choose the quantity of the cryptocurrency you want to sell. 8. Finally, tap on the 'Sell' button to activate the stop loss feature. That's it! Your stop loss order will be activated, and if the price of the cryptocurrency reaches the stop price, your order will be executed automatically.
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• Thales P. ScarpatoApr 30, 2022 · 3 years ago
  No problem! To activate the stop loss feature on the Binance app, follow these steps: 1. Launch the Binance app on your device. 2. Sign in to your account or create a new one if you're new to Binance. 3. Once you're logged in, go to the 'Trade' section at the bottom of the screen. 4. Choose the cryptocurrency pair you want to set a stop loss for. 5. Tap on the 'Stop-Limit' option. 6. Enter the stop price and the limit price. The stop price is the trigger point for the stop loss order, and the limit price is the minimum price at which you're willing to sell. 7. Specify the quantity of the cryptocurrency you want to sell. 8. Finally, tap on the 'Sell' button to activate the stop loss feature. That's it! Your stop loss order will be active, and if the price reaches the stop price, your order will be executed automatically.
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• Frankline Kibogo JoelOct 17, 2022 · 3 years ago
  Certainly! Here's a step-by-step guide to activating the stop loss feature on the Binance app: 1. Open the Binance app on your device. 2. Log in to your account or create a new one if you don't have an account yet. 3. Once you're logged in, navigate to the 'Trade' tab at the bottom of the screen. 4. Select the cryptocurrency pair you want to set a stop loss for. 5. Tap on the 'Stop-Limit' option. 6. Enter the stop price and the limit price. The stop price is the trigger point for the stop loss order, and the limit price is the minimum price at which you're willing to sell. 7. Specify the quantity of the cryptocurrency you want to sell. 8. Finally, tap on the 'Sell' button to activate the stop loss feature. That's it! Your stop loss order will be activated, and if the price reaches the stop price, your order will be executed automatically. Please note that this guide is specific to Binance, and the steps may vary for other cryptocurrency exchanges.
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