Which cryptocurrency exchanges offer trailing stop functionality and how can it be set up?

5 answers

• Amir AsgariFeb 10, 2023 · 3 years ago
  Sure! Many popular cryptocurrency exchanges offer trailing stop functionality. Some of the exchanges that provide this feature include Binance, Coinbase Pro, Kraken, and Bitfinex. To set up trailing stop on these exchanges, you'll need to navigate to the trading interface and locate the option for setting stop orders. From there, you can select the trailing stop option and specify the parameters such as the trailing percentage and the distance from the current price. Once you've set up the trailing stop, the exchange will automatically adjust the stop price as the market moves in your favor.
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• Albert WhalenFeb 18, 2023 · 3 years ago
  Trailing stop functionality is a great tool for managing risk and maximizing profits in cryptocurrency trading. Several exchanges offer this feature, including Binance, Coinbase Pro, Kraken, and Bitfinex. To set it up, you'll need to log in to your account on the exchange and go to the trading section. Look for the option to create a stop order and select the trailing stop option. Specify the parameters such as the trailing percentage and the distance from the current price. Once the trailing stop is set, the exchange will monitor the market and adjust the stop price accordingly.
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• Murty KirlampalliDec 27, 2020 · 5 years ago
  Trailing stop functionality is available on various cryptocurrency exchanges, including Binance, Coinbase Pro, Kraken, and Bitfinex. These exchanges offer a user-friendly interface for setting up trailing stop orders. For example, on BYDFi, you can easily set up a trailing stop by selecting the desired cryptocurrency pair and navigating to the order placement section. From there, you can choose the trailing stop option and set the parameters according to your trading strategy. Remember to consider factors such as the trailing percentage and the distance from the current price when setting up your trailing stop order.
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• cangelilloDec 08, 2022 · 3 years ago
  Looking to use trailing stop functionality on cryptocurrency exchanges? You're in luck! Many popular exchanges, such as Binance, Coinbase Pro, Kraken, and Bitfinex, offer this feature. To set it up, simply log in to your account and navigate to the trading section. Look for the option to create a stop order and select the trailing stop option. Specify the parameters, such as the trailing percentage and the distance from the current price, and you're good to go! The exchange will automatically adjust the stop price as the market moves, helping you protect your profits and limit your losses.
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• ShashikumarJun 24, 2021 · 4 years ago
  Trailing stop functionality is a must-have for any serious cryptocurrency trader. Luckily, several exchanges offer this feature, including Binance, Coinbase Pro, Kraken, and Bitfinex. To set it up, log in to your account on the exchange and go to the trading interface. Look for the option to create a stop order and select the trailing stop option. Configure the parameters, such as the trailing percentage and the distance from the current price, to suit your trading strategy. Once the trailing stop is activated, the exchange will automatically adjust the stop price based on market movements.
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