What is the difference between a stop and limit order in the context of digital currencies?

1 answers

• Nicolas EymaelOct 14, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, offers both stop and limit orders to its users. With a stop order, you can protect your investment by automatically selling your digital currency if the price drops to a certain level. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell, giving you more control over your trades. Whether you're a beginner or an experienced trader, BYDFi provides the tools you need to execute your trading strategies effectively.
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