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What is the stop limit feature in cryptocurrency trading and how does it work?

avatarThyssen JohnsenDec 28, 2021 · 3 years ago1 answers

Can you explain what the stop limit feature is in cryptocurrency trading and provide an overview of how it works?

What is the stop limit feature in cryptocurrency trading and how does it work?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, the stop limit feature is available on our platform. It works in a similar way to other cryptocurrency exchanges. Traders can set their stop price and limit price to execute their desired trades automatically. It's a popular feature among our users as it allows them to manage their risk and maximize their profits. If you're new to cryptocurrency trading, the stop limit feature can be a powerful tool to help you navigate the volatile market.