How does GDAX handle stop and limit orders for cryptocurrencies?

1 answers

• Dec 30, 2021 · 3 years ago
  GDAX, a leading cryptocurrency exchange, handles stop and limit orders with ease. Stop orders allow you to set a trigger price, and once the market price reaches or surpasses this price, the order is executed. This can be used to protect against potential losses or to take advantage of price movements. Limit orders, on the other hand, allow you to set a specific price at which you want to buy or sell a cryptocurrency. The order will only be executed if the market price reaches or surpasses your specified price. GDAX also offers advanced order types such as stop-limit orders, which combine the features of both stop and limit orders. These orders are executed as limit orders once the stop price is reached. Overall, GDAX provides a user-friendly interface and a range of order types to cater to the needs of traders.
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