What are the steps to use the stop feature on Binance for trading cryptocurrencies?
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Can you provide a step-by-step guide on how to use the stop feature on Binance for trading cryptocurrencies? I want to make sure I understand the process correctly.
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1 answers
- Using the stop feature on Binance for trading cryptocurrencies is a breeze! Just follow these steps: 1. Log in to your Binance account. 2. Navigate to the 'Trading' tab and select 'Spot Trading'. 3. Choose the cryptocurrency you want to trade. 4. Scroll down to the 'Stop-Limit' section. 5. Enter the stop price and the limit price. 6. Specify the quantity of the cryptocurrency you want to trade. 7. Click on the 'Buy' or 'Sell' button to place your stop order. That's it! Your stop order will be executed when the market price reaches your specified stop price.
Mar 01, 2022 · 3 years ago
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