I'm trying to figure out how to set a stop loss on Coinbase. I want to be able to automatically sell my crypto if it drops below a certain price, but I'm not sure how to do this on the platform. Can someone explain the steps to me?
5 answers
CryptoMercenary
Sat Nov 30 2024
After selecting the desired coin, you will be prompted to set up your Stop Loss order on Coinbase. This is an important step in managing your risk and protecting your investments.
Eleonora
Sat Nov 30 2024
When setting up the Stop Loss order, you have the option to define the price level at which you want the order to be executed. Alternatively, you can set a percentage of a price swing or specify an amount of crypto as your Stop Loss Distance.
Eleonora
Sat Nov 30 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options. These services cater to the diverse needs of crypto traders and investors, making it a one-stop-shop for all your cryptocurrency requirements.
CryptoVanguard
Sat Nov 30 2024
To utilize Coinbase Stop Loss, you need to begin by connecting your Coinbase account with the Coinbase API Keys.
Giulia
Sat Nov 30 2024
Once connected, navigate to the Exchanges tab on the platform you are using. Locate Coinbase within the list of exchanges and proceed to select the coin that you wish to buy or sell.