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What is the process for placing a stop order on Binance?

avatarPrabhjot SinghDec 27, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for placing a stop order on Binance? I want to understand how to set a stop price and trigger price correctly.

What is the process for placing a stop order on Binance?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    Placing a stop order on Binance is as easy as 1, 2, 3! Here's how you do it: 1. Log in to your Binance account. 2. Go to the trading page and choose the trading pair you want to trade. 3. Click on the 'Stop-Limit' tab. 4. Enter the stop price, which is the price that will trigger your order. 5. Set the limit price, which is the price at which your order will be executed. 6. Enter the quantity of the cryptocurrency you want to buy or sell. 7. Click on the 'Buy' or 'Sell' button. Voila! Your stop order is now placed and will be executed when the market reaches your stop price.