How to do a stop limit on binance

how to do a stop limit on binance

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Select either [Buy] or [Sell], then click [Stop-limit]. 2. Enter the stop price, limit price, and the amount of crypto you wish to purchase. A stop-limit order lets you customize and plan out your trades. Traders can specify both the trigger price (stop price) and the price at which. For the Stop Price: Under Stop price we enter the price at which we want our Limit order to appear on the orderbook. For the Limit Price: Under Limit price we.
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Go to the Binance website or app and log in to your account. The wording differs between exchanges, but Binance calls this feature a Stop-Limit order. These orders are triggered when the price of the cryptocurrency reaches a certain level, so they can help to prevent significant losses in the event of a sudden price drop or market volatility. In this case, the limit order will not be triggered, and the trade will not be executed.