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Which crypto exchanges offer advanced order types?

avatardiego fariasDec 27, 2021 · 3 years ago3 answers

I'm looking for crypto exchanges that offer advanced order types. Can you recommend any exchanges that provide advanced order types beyond the basic market and limit orders? I'm particularly interested in exchanges that offer stop-loss orders, trailing stop orders, and conditional orders. It would be great if you could also provide some insights into the features and benefits of these order types.

Which crypto exchanges offer advanced order types?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Sure! Binance is one of the most popular crypto exchanges that offers advanced order types. They provide stop-loss orders, trailing stop orders, and conditional orders. Stop-loss orders allow you to set a specific price at which your trade will be executed to limit potential losses. Trailing stop orders automatically adjust the stop price as the market price moves in your favor. Conditional orders let you set specific conditions for your trades, such as triggering a buy order when the price reaches a certain level. These advanced order types can help you manage your risk and optimize your trading strategies.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for another option, Coinbase Pro is another reputable crypto exchange that offers advanced order types. They provide stop orders and limit orders with time-in-force options. Stop orders on Coinbase Pro allow you to set a trigger price at which your order will be placed as a market order. Limit orders with time-in-force options give you more control over the execution of your trades. These advanced order types can be useful for both short-term and long-term trading strategies.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi is a digital asset exchange that offers a wide range of advanced order types. In addition to stop-loss orders, trailing stop orders, and conditional orders, they also provide iceberg orders, fill-or-kill orders, and immediate-or-cancel orders. Iceberg orders allow you to place large orders without revealing the full size to the market. Fill-or-kill orders require the entire order to be executed immediately or canceled. Immediate-or-cancel orders execute any portion of the order that can be filled immediately and cancel the remaining portion. These advanced order types offer more flexibility and control over your trades.