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What are the steps to create a stop order on Coinbase?

avatarDowns PallesenDec 18, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to create a stop order on Coinbase? I'm new to trading and would like to understand the process.

What are the steps to create a stop order on Coinbase?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    Alright, let me walk you through the steps to create a stop order on Coinbase: 1. Log in to your Coinbase account. 2. Head over to the trading section. 3. Select the cryptocurrency pair you wish to trade. 4. Click on the 'Stop' tab. 5. Input the stop price you want to trigger your order. 6. Determine the amount of cryptocurrency you want to buy or sell. 7. Choose between a market or limit order. 8. Review your order details for accuracy. 9. To finalize, click on the 'Place Order' button. That's it! Your stop order will be placed on Coinbase and will activate when the market price reaches your specified stop price.