How can I set a stop loss or stop limit order on a cryptocurrency exchange?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, setting a stop loss or stop limit order on our cryptocurrency exchange is a straightforward process. Once you're logged into your account, navigate to the trading page and select the cryptocurrency pair you want to trade. Click on the 'Stop' tab and choose either 'Stop Loss' or 'Stop Limit'. Enter the price at which you want the order to be triggered, as well as the quantity you want to buy or sell. Review the order details and click 'Confirm' to place the order. Keep in mind that stop loss and stop limit orders are subject to market conditions and may not be executed at the exact price you set. It's always a good idea to monitor your orders and adjust them as needed to manage your risk effectively.
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