common-close-0
BYDFi
Trade wherever you are!

How can I set up a stop loss order on Coinbase Pro?

avatarMasudrana MilonDec 26, 2021 · 3 years ago3 answers

I'm new to Coinbase Pro and I want to know how to set up a stop loss order. Can you guide me through the process step by step?

How can I set up a stop loss order on Coinbase Pro?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure! Setting up a stop loss order on Coinbase Pro is quite simple. Here's how you can do it: 1. Log in to your Coinbase Pro account. 2. Go to the trading page and select the trading pair you want to place the stop loss order for. 3. Click on the 'Stop' tab. 4. Enter the stop price at which you want your order to be triggered. 5. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 6. Review the details and click on the 'Place Sell Order' button. That's it! Your stop loss order will be placed and will be triggered if the price reaches your specified stop price.
  • avatarDec 26, 2021 · 3 years ago
    No worries! To set up a stop loss order on Coinbase Pro, follow these steps: 1. Login to your Coinbase Pro account. 2. Navigate to the trading page and select the trading pair you wish to set the stop loss order for. 3. Click on the 'Stop' tab. 4. Enter the stop price at which you want the order to be triggered. 5. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 6. Double-check the details and click on the 'Place Sell Order' button. That's it! Your stop loss order will be set up and will be executed if the price reaches the specified stop price.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! Here's a step-by-step guide to setting up a stop loss order on Coinbase Pro: 1. Log in to your Coinbase Pro account. 2. Navigate to the trading page and select the trading pair you want to set the stop loss order for. 3. Click on the 'Stop' tab. 4. Enter the stop price at which you want your order to be triggered. 5. Specify the amount of cryptocurrency you want to sell when the stop price is reached. 6. Review the order details and click on the 'Place Sell Order' button. That's it! Your stop loss order will be set up and will be activated if the price reaches the specified stop price. If you have any further questions, feel free to ask!