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Is there a guide on how to set up a stop limit order for trading cryptocurrencies on Binance?

avatarBarun KumarDec 25, 2021 · 3 years ago3 answers

Can someone provide a detailed guide on how to set up a stop limit order for trading cryptocurrencies on Binance? I'm new to trading and would like to learn how to use this feature effectively.

Is there a guide on how to set up a stop limit order for trading cryptocurrencies on Binance?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Setting up a stop limit order on Binance is quite simple. First, log in to your Binance account and navigate to the 'Trade' tab. Select the trading pair you want to trade. Then, click on the 'Stop-Limit' tab. Enter the stop price and the limit price. The stop price is the price at which the order will be triggered, while the limit price is the price at which the order will be executed. Finally, enter the quantity of the cryptocurrency you want to buy or sell and click on the 'Buy' or 'Sell' button. That's it! Your stop limit order is now set up.
  • avatarDec 25, 2021 · 3 years ago
    No worries! I got you covered. To set up a stop limit order on Binance, follow these steps: 1. Log in to your Binance account. 2. Go to the 'Trade' section and select the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price and the limit price. The stop price is the price at which the order will be triggered, while the limit price is the price at which the order will be executed. 5. Specify the quantity of the cryptocurrency you want to buy or sell. 6. Click on the 'Buy' or 'Sell' button to place your order. And voila! Your stop limit order is all set!
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Here's a step-by-step guide on how to set up a stop limit order for trading cryptocurrencies on Binance: 1. Log in to your Binance account. 2. Navigate to the 'Trade' section and choose the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price and the limit price. The stop price is the price at which the order will be triggered, while the limit price is the price at which the order will be executed. 5. Specify the quantity of the cryptocurrency you want to buy or sell. 6. Finally, click on the 'Buy' or 'Sell' button to place your order. That's it! You've successfully set up a stop limit order on Binance. Happy trading!