How can I sell on stop limit with cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  To sell on stop limit with cryptocurrencies, you first need to choose a cryptocurrency exchange that supports stop limit orders. Once you have an account on such an exchange, you can navigate to the trading section and select the cryptocurrency you want to sell. Then, set the stop price at which you want the order to be triggered and the limit price at which you want the order to be executed. Finally, specify the quantity of the cryptocurrency you want to sell and submit the order. The order will be triggered when the market price reaches or goes below the stop price, and it will be executed at the limit price or better.
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• Dec 26, 2021 · 3 years ago
  Selling on stop limit with cryptocurrencies is a great way to automate your selling strategy. By setting a stop price, you can protect your investment from significant losses. When the market price reaches or goes below the stop price, your sell order will be triggered and executed at the limit price you specified. This allows you to take advantage of price movements while minimizing risks. Make sure to choose a reliable cryptocurrency exchange that offers stop limit orders to ensure smooth execution of your selling strategy.
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• Dec 26, 2021 · 3 years ago
  If you're using BYDFi as your cryptocurrency exchange, selling on stop limit is a straightforward process. Simply log in to your BYDFi account, go to the trading section, and select the cryptocurrency you want to sell. Set the stop price and limit price according to your strategy, specify the quantity, and submit the order. BYDFi will automatically trigger and execute your sell order when the market conditions meet your criteria. Selling on stop limit with BYDFi provides you with flexibility and control over your selling strategy.
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