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How can I set up a stop-limit order on a cryptocurrency exchange platform like Binance?

avatarMilk MartinDec 15, 2021 · 3 years ago1 answers

I'm new to cryptocurrency trading and I want to know how to set up a stop-limit order on a platform like Binance. Can you provide a step-by-step guide on how to do it?

How can I set up a stop-limit order on a cryptocurrency exchange platform like Binance?

1 answers

  • avatarDec 15, 2021 · 3 years ago
    Setting up a stop-limit order on a cryptocurrency exchange platform like Binance is a breeze. Just follow these steps: 1. Log in to your Binance account and navigate to the trading page. 2. Choose the cryptocurrency pair you want to trade. 3. Look for the 'Stop-Limit' option and click on it. 4. Enter the stop price, which is the price at which you want the order to be triggered. 5. Enter the limit price, which is the price at which you want the order to be executed. 6. Specify the quantity of the cryptocurrency you want to buy or sell. 7. Click on the 'Buy' or 'Sell' button to place the order. That's it! Your stop-limit order will be set up on Binance and executed when the market reaches your specified stop price.