Cryptocurrency Q&A
What is stop-loss in Coinbase?
What is stop-loss in Coinbase?
CryptoWizard
Wed Dec 04 2024
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5 answers
1339
Stop-loss in Coinbase refers to a mechanism where investors can preset an order to automatically sell their cryptocurrency when the market price drops to a certain level, in order to minimize losses. This feature is particularly useful in volatile markets, as it allows investors to protect their investments by limiting potential downside risk.
5 answers
Tommaso
Fri Dec 06 2024
Coinbase Stop Loss is a feature that allows traders to set a specific price level.
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DaeguDivaDanceQueen
Fri Dec 06 2024
This price level is the point at which you want to exit a market to prevent further losses.
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BlockProducer
Thu Dec 05 2024
When the market price begins to decline, Coinbase monitors it closely.
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Riccardo
Thu Dec 05 2024
If the price reaches the Stop Loss level that you have set, Coinbase takes immediate action.
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Giulia
Thu Dec 05 2024
Specifically, Coinbase will automatically close your position to limit your losses.
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