What is the process for placing a stop order on Binance?

Can you explain the step-by-step process for placing a stop order on Binance? I want to understand how to set a stop price and trigger price correctly.

1 answers
- Placing a stop order on Binance is as easy as 1, 2, 3! Here's how you do it: 1. Log in to your Binance account. 2. Go to the trading page and choose the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price that will trigger your order. 5. Set the limit price, which is the price at which your order will be executed. 6. Enter the quantity of the cryptocurrency you want to buy or sell. 7. Click on the 'Buy' or 'Sell' button. Voila! Your stop order is now placed and will be executed when the market reaches your stop price.
Mar 01, 2022 · 3 years ago
Related Tags
Hot Questions
- 98
How can I protect my digital assets from hackers?
- 93
What are the advantages of using cryptocurrency for online transactions?
- 78
What are the best digital currencies to invest in right now?
- 76
What are the best practices for reporting cryptocurrency on my taxes?
- 74
Are there any special tax rules for crypto investors?
- 32
What is the future of blockchain technology?
- 22
How can I buy Bitcoin with a credit card?
- 19
What are the tax implications of using cryptocurrency?