What is the difference between stop price and limit price on Coinbase?

9 answers

• beardedMay 30, 2024 · a year ago
  Sure! Stop price and limit price are two different types of orders on Coinbase. A stop price order is used to trigger a market order when the price of a cryptocurrency reaches a certain level. For example, if you set a stop price order to sell Bitcoin at $50,000, once the price reaches $50,000, a market order will be placed to sell your Bitcoin at the best available price. On the other hand, a limit price order is used to set a specific price at which you want to buy or sell a cryptocurrency. For instance, if you set a limit price order to buy Ethereum at $2,000, the order will only be executed if the price of Ethereum reaches or falls below $2,000. In summary, stop price orders are used to trigger market orders, while limit price orders allow you to set a specific price for buying or selling.
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• Melton LohseJan 26, 2023 · 2 years ago
  Stop price and limit price are terms you'll often come across when trading on Coinbase. Stop price refers to the price at which a market order is triggered. Let's say you set a stop price of $50,000 for Bitcoin. Once the price of Bitcoin reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. For example, if you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• Daniel LukasikApr 07, 2021 · 4 years ago
  When it comes to the difference between stop price and limit price on Coinbase, it's important to understand their functionalities. Stop price is used to trigger a market order when the price of a cryptocurrency reaches a certain level. For instance, if you set a stop price of $50,000 for Bitcoin, once the price hits $50,000, a market order will be placed to sell your Bitcoin. On the other hand, limit price is used to set a specific price at which you want to buy or sell a cryptocurrency. For example, if you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• Battle DamborgSep 16, 2022 · 3 years ago
  Stop price and limit price are two important concepts in trading on Coinbase. Stop price is the price at which a market order is triggered. For example, if you set a stop price of $50,000 for Bitcoin, once the price reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. If you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• Calido FordjourMay 14, 2021 · 4 years ago
  Stop price and limit price are two terms you should be familiar with when trading on Coinbase. Stop price is the price at which a market order is triggered. For example, if you set a stop price of $50,000 for Bitcoin, once the price reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. If you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• McCullough BradfordAug 02, 2021 · 4 years ago
  Stop price and limit price are two terms you'll often encounter when trading on Coinbase. Stop price refers to the price at which a market order is triggered. For example, if you set a stop price of $50,000 for Bitcoin, once the price reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. If you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• Dheeraj Kumar RawatDec 23, 2020 · 4 years ago
  Stop price and limit price are two terms you should understand when trading on Coinbase. Stop price is the price at which a market order is triggered. For example, if you set a stop price of $50,000 for Bitcoin, once the price reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. If you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• ChakriMay 04, 2022 · 3 years ago
  Stop price and limit price are two terms you'll often come across when trading on Coinbase. Stop price refers to the price at which a market order is triggered. For example, if you set a stop price of $50,000 for Bitcoin, once the price reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. If you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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• Calido FordjourJul 30, 2022 · 3 years ago
  Stop price and limit price are two terms you should be familiar with when trading on Coinbase. Stop price is the price at which a market order is triggered. For example, if you set a stop price of $50,000 for Bitcoin, once the price reaches $50,000, a market order will be executed to sell your Bitcoin. On the other hand, limit price is the specific price at which you want to buy or sell a cryptocurrency. If you set a limit price of $2,000 for Ethereum, your order will only be executed if the price of Ethereum reaches or falls below $2,000. So, stop price is used to trigger market orders, while limit price allows you to set a specific price for your trades.
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