Cryptocurrency Q&A
What is stop limit Coinbase?
What is stop limit Coinbase?
DongdaemunTrendsetterStyleIcon
Fri Dec 06 2024
|
5 answers
1182
I'm trying to understand what a stop limit is on Coinbase. I've heard of stop-loss orders, but I'm not sure how a stop limit works or how it's different. Can someone explain this to me in simple terms?
5 answers
CryptoMagician
Sat Dec 07 2024
This dual pricing mechanism helps traders to protect their profits and limit potential losses.
Was this helpful?
209
20
SolitudeSeeker
Sat Dec 07 2024
Stop-limit orders provide traders with a useful tool to manage their positions effectively.
Was this helpful?
369
83
Elena
Sat Dec 07 2024
By utilizing this order type, traders can specify a stop price, which is the level where the order will be triggered.
Was this helpful?
188
79
CryptoKing
Sat Dec 07 2024
Once the asset's price reaches this stop price, a limit order will be automatically placed.
Was this helpful?
82
90
SamsungShineBrightnessRadiance
Sat Dec 07 2024
The limit price is the maximum or minimum price that the trader is willing to buy or sell at.
Was this helpful?
334
91
