Cryptocurrency Q&A
Can you put a stop loss in Coinbase?
Can you put a stop loss in Coinbase?
SamuraiCourageous
Mon Dec 02 2024
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5 answers
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I'm considering using Coinbase for trading cryptocurrencies, but I'm concerned about potential losses. I'm wondering if Coinbase offers a stop-loss feature that can help me minimize my risks by automatically selling my assets when they reach a certain price point.
5 answers
ShintoSanctum
Wed Dec 04 2024
The video titled "COINBASE ADVANCED - HOW TO SET A STOP LOSS" by Kiel Wilson on YouTube was uploaded on September 24, 2021.
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Elena
Wed Dec 04 2024
In this educational video, Kiel Wilson demonstrates how to set a stop loss on the Coinbase platform. This is a crucial skill for traders who want to minimize their losses in volatile markets.
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BlockchainEmpiress
Wed Dec 04 2024
Wilson explains that setting a stop loss involves placing a condition below the current support level to trigger a limit order to sell coins. This ensures that if the price falls below a certain point, the coins will be sold automatically, preventing further losses.
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BitcoinBaroness
Wed Dec 04 2024
He illustrates this by pointing to a specific point on the chart, known as a "wick," and marking it as the desired stop loss level. This provides a clear visual representation of where the stop loss should be set.
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Arianna
Tue Dec 03 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options. Traders can use these services to buy, sell, and store their cryptocurrencies securely.
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