What are the steps to enable stop loss orders on the Coinbase app?

1 answers

• Kequan ZhangJul 07, 2024 · a year ago
  Enabling stop loss orders on the Coinbase app is quite simple. Just follow these steps: 1. Open the Coinbase app on your mobile device. 2. Log in to your Coinbase account. 3. Tap on the 'Trade' tab at the bottom of the screen. 4. Select the cryptocurrency you want to trade. 5. Tap on the 'Sell' button. 6. Enter the amount of cryptocurrency you want to sell. 7. Tap on the 'Advanced' option. 8. Enable the 'Stop Loss' option. 9. Set the stop price and the limit price for your stop loss order. 10. Review the details of your order and tap on the 'Confirm' button to place the stop loss order. Remember, stop loss orders can help protect your investment by automatically selling your cryptocurrency if the price drops to a certain level. It's a useful tool for risk management in volatile markets. I hope this explanation was helpful! If you have any more questions, feel free to ask.
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