Cryptocurrency Q&A
How do I buy crypto with stop-loss?
How do I buy crypto with stop-loss?
Maria
Tue Dec 03 2024
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6 answers
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I want to purchase cryptocurrency, but I'm concerned about potential losses. Is there a way to buy crypto while also setting up a stop-loss mechanism to minimize my risks? If so, how does it work and what steps should I follow?
6 answers
Andrea
Thu Dec 05 2024
Once on the Trade page, you will need to select a cryptocurrency pair that you wish to trade. This can be done by browsing through the available options and clicking on the pair of your choice.
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KatanaSharpness
Thu Dec 05 2024
To place a Stop Limit order, begin by accessing the Trade page on your chosen platform.
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Claudio
Wed Dec 04 2024
Now, you will need to set the Stop price, which is the price point at which the order will become active. Once the market price reaches this level, the order will be triggered and the Limit price will be considered. You will also need to define the Limit price, which is the maximum or minimum price you are willing to buy or sell the cryptocurrency at.
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Carlo
Wed Dec 04 2024
Next, you will need to choose an account from which to place the order. This can be your main Wallet or a sub-account that you have set up for trading purposes.
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SsamziegangSerenadeMelodyHarmonySoul
Wed Dec 04 2024
After selecting the account, you will need to specify the direction of the order, whether it is a Buy or a Sell order.
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