What is the meaning of 'sale in order' on Binance and how does it relate to cryptocurrency trading?

3 answers

• May 15, 2022 · 3 years ago
  Sale in order refers to a type of order on the Binance platform where a user can sell a specific cryptocurrency at a predetermined price. This order type allows traders to set a target price at which they want to sell their holdings. Once the market price reaches the specified level, the sale in order is triggered, and the cryptocurrency is sold automatically. It is a useful tool for traders who want to automate their selling process and take advantage of price movements.
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• May 15, 2022 · 3 years ago
  When you place a sale in order on Binance, you are essentially setting a sell limit order. This means that you are specifying the minimum price at which you are willing to sell your cryptocurrency. If the market price reaches or exceeds your specified price, your order will be executed, and your cryptocurrency will be sold. This feature allows you to set a target price and let the platform handle the selling process for you, even if you are not actively monitoring the market.
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• May 15, 2022 · 3 years ago
  BYDFi, a digital currency exchange, also offers the sale in order feature. With sale in order, traders can set their desired selling price for a specific cryptocurrency. Once the market price reaches the specified level, the order is executed automatically. This feature allows traders to take advantage of price movements and sell their holdings at their target price without constantly monitoring the market. It is a convenient tool for traders who want to automate their selling strategy.
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