How does a stop limit order on Binance work for selling Ethereum?

5 answers

• Apr 05, 2022 · 3 years ago
  A stop limit order on Binance allows you to set a stop price and a limit price when selling Ethereum. The stop price is the trigger price at which the order becomes active, while the limit price is the minimum price at which you are willing to sell Ethereum. When the stop price is reached, the order is triggered and a limit order is placed at the limit price. If the market price reaches or exceeds the limit price, your Ethereum will be sold. This type of order can be useful if you want to sell Ethereum at a specific price or if you want to protect yourself from potential losses by setting a stop price.
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• Apr 05, 2022 · 3 years ago
  When you place a stop limit order on Binance to sell Ethereum, you are essentially setting two prices. The stop price is the price at which the order becomes active, and the limit price is the minimum price at which you are willing to sell Ethereum. Once the stop price is reached, a limit order is placed at the limit price. If the market price reaches or exceeds the limit price, your Ethereum will be sold. This type of order can be helpful if you want to sell Ethereum at a specific price or if you want to protect yourself from potential losses by setting a stop price.
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• Apr 05, 2022 · 3 years ago
  A stop limit order on Binance for selling Ethereum works by setting two prices: the stop price and the limit price. The stop price is the price at which the order becomes active, and the limit price is the minimum price at which you are willing to sell Ethereum. Once the stop price is reached, a limit order is placed at the limit price. If the market price reaches or exceeds the limit price, your Ethereum will be sold. This type of order can be useful if you want to sell Ethereum at a specific price or if you want to protect yourself from potential losses by setting a stop price. Please note that this information is based on my understanding of how stop limit orders work on Binance and may not be applicable to other exchanges.
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• Apr 05, 2022 · 3 years ago
  When it comes to selling Ethereum on Binance using a stop limit order, you have the ability to set two prices. The stop price is the price at which the order becomes active, and the limit price is the minimum price at which you are willing to sell Ethereum. Once the stop price is reached, a limit order is placed at the limit price. If the market price reaches or exceeds the limit price, your Ethereum will be sold. This type of order can be beneficial if you want to sell Ethereum at a specific price or if you want to protect yourself from potential losses by setting a stop price. Keep in mind that this is just one of the many order types available on Binance for trading Ethereum.
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• Apr 05, 2022 · 3 years ago
  BYDFi is a digital currency exchange that offers a variety of trading options, including stop limit orders for selling Ethereum. When you place a stop limit order on BYDFi to sell Ethereum, you can set a stop price and a limit price. The stop price is the trigger price at which the order becomes active, and the limit price is the minimum price at which you are willing to sell Ethereum. Once the stop price is reached, a limit order is placed at the limit price. If the market price reaches or exceeds the limit price, your Ethereum will be sold. This type of order can be useful if you want to sell Ethereum at a specific price or if you want to protect yourself from potential losses by setting a stop price.
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