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What is the process for setting a stop loss on the Binance mobile app when trading digital currencies?

avatarErichsen GentryDec 28, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for setting a stop loss on the Binance mobile app when trading digital currencies?

What is the process for setting a stop loss on the Binance mobile app when trading digital currencies?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Setting a stop loss on the Binance mobile app is easy! Just follow these steps: 1. Open the Binance mobile app and log in to your account. 2. Navigate to the 'Trade' tab and select the digital currency pair you want to trade. 3. Tap on the 'Stop-Limit' option. 4. Enter the stop price, which is the price at which you want your trade to be triggered. 5. Set the limit price, which is the minimum price at which you want to sell your digital currency. 6. Specify the quantity of digital currency you want to trade. 7. Review the details and tap on 'Sell' to confirm the stop loss order. That's it! Your stop loss order will be placed on the Binance mobile app.