What are some alternative platforms or tools that offer better options for setting stop loss on cryptocurrency trades compared to Robinhood?

3 answers

• Golu KhanJul 22, 2020 · 5 years ago
  Sure! One alternative platform that offers better options for setting stop loss on cryptocurrency trades compared to Robinhood is Binance. Binance is one of the largest and most reputable cryptocurrency exchanges in the world. It provides a wide range of advanced trading features, including the ability to set stop loss orders with various customization options. With Binance, you can set stop loss orders based on specific price levels, percentage changes, or even technical indicators. This allows you to effectively manage your risk and protect your investment in volatile cryptocurrency markets. Give it a try and see how it can enhance your trading experience!
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• Korn0020Aug 12, 2021 · 4 years ago
  Absolutely! If you're looking for alternative platforms or tools to set stop loss on cryptocurrency trades, you might want to consider using Coinbase. Coinbase is a popular and user-friendly cryptocurrency exchange that offers a range of trading features, including the ability to set stop loss orders. With Coinbase, you can set stop loss orders to automatically sell your cryptocurrencies if their prices drop below a certain level. This can help you limit potential losses and manage your risk effectively. Additionally, Coinbase provides a secure and regulated trading environment, making it a reliable choice for cryptocurrency traders. Give it a try and see if it suits your trading needs!
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• Michiko RuFeb 15, 2022 · 3 years ago
  Definitely! Another option to consider for setting stop loss on cryptocurrency trades is BYDFi. BYDFi is a decentralized finance platform that offers advanced trading features and tools. It allows you to set stop loss orders with various parameters, such as price levels, percentage changes, or even based on specific technical indicators. BYDFi also provides a user-friendly interface and a secure trading environment. It's worth exploring if you're looking for more advanced options to manage your risk in cryptocurrency trading. Remember to do your own research and consider your risk tolerance before using any platform or tool for trading.
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