common-close-0
BYDFi
Trade wherever you are!

What are the alternatives to Coinbase for setting up stop loss orders in the cryptocurrency market?

avatarKaran TyagiDec 27, 2021 · 3 years ago3 answers

I'm looking for other options besides Coinbase to set up stop loss orders in the cryptocurrency market. Can you recommend any other platforms or exchanges that offer this feature? I want to make sure I have a backup plan in case Coinbase experiences any issues or downtime.

What are the alternatives to Coinbase for setting up stop loss orders in the cryptocurrency market?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure, there are several alternatives to Coinbase that offer stop loss order functionality. One popular option is Binance, which is one of the largest cryptocurrency exchanges in the world. Binance has a user-friendly interface and supports a wide range of cryptocurrencies. Another option is Kraken, which is known for its robust security measures and advanced trading features. Both Binance and Kraken allow you to set up stop loss orders to protect your investments in the volatile cryptocurrency market.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for a more beginner-friendly platform, you might consider using eToro. eToro is a social trading platform that allows you to copy the trades of successful traders. While eToro doesn't offer as many cryptocurrencies as Binance or Kraken, it does have a simple and intuitive interface that makes it easy to set up stop loss orders.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is another option you can consider. It is a decentralized finance platform that offers a wide range of features, including the ability to set up stop loss orders. With BYDFi, you have full control over your funds and can execute trades directly from your wallet. It's a great alternative to centralized exchanges like Coinbase.