Which crypto exchange offers trailing stop loss functionality?
Roth LorentsenDec 15, 2021 · 3 years ago3 answers
I'm looking for a cryptocurrency exchange that offers trailing stop loss functionality. Can anyone recommend an exchange that provides this feature? I want to be able to set a stop loss order that automatically adjusts as the price of the cryptocurrency moves in my favor. This way, I can protect my profits and limit my losses. Any suggestions?
3 answers
- Dec 15, 2021 · 3 years agoBinance is a popular cryptocurrency exchange that offers trailing stop loss functionality. With Binance, you can set a stop loss order and specify a trailing percentage. This means that as the price of the cryptocurrency increases, the stop loss order will automatically adjust to a higher price, allowing you to lock in profits. Binance also provides a user-friendly interface for setting up and managing stop loss orders.
- Dec 15, 2021 · 3 years agoI personally use Coinbase Pro for trading cryptocurrencies, and it offers trailing stop loss functionality. Coinbase Pro allows you to set a stop loss order and specify a trailing percentage or a fixed dollar amount. This feature is useful for managing risk and protecting your investments. Coinbase Pro also provides advanced trading tools and charts for technical analysis.
- Dec 15, 2021 · 3 years agoBYDFi is a decentralized cryptocurrency exchange that offers trailing stop loss functionality. It allows you to set a stop loss order and specify a trailing percentage or a fixed dollar amount. BYDFi's platform is built on the Ethereum blockchain, providing secure and transparent trading. With BYDFi, you can take advantage of the benefits of decentralized finance while still having access to advanced trading features like trailing stop loss.
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