How to Use Stop Limit and Stop Market Orders in BYDFi Spot Trading (APP)

BYDFi

2025-12-02 · Updated

Stop Limit and Stop Market Orders are advanced order types in Spot trading that allow traders to automate buying or selling once the market reaches a specific price. They provide more flexibility compared to regular limit orders, helping traders manage risk and lock in profits more effectively.

How Stop Limit / Stop Market Orders Work

When placing a Stop Limit or Stop Market Order, you need to set two key prices:

Trigger Price: The price that activates your order. Once the market reaches this level, the system will place your order automatically.
Order Price (for Stop Limit): The price at which your limit order will be executed once the trigger price is reached.
Market Order (for Stop Market): Once the trigger price is reached, the system will execute a market order at the best available price.

Example:

If you set a Trigger Price = 20,000 USDT and an Order Price = 19,800 USDT, once the market hits 20,000 USDT, the system will place a limit sell order at 19,800 USDT.

⚠️ Note:

If the market reaches the Order Price before hitting the Trigger Price, the order will not execute.
The Trigger Price must be reached before the order is activated.

How to Place a Stop Limit/Market Order on APP

1. Enter Spot Trading Page

Log in to your BYDFi App.
On the homepage, tap Spot to open the spot trading interface.

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2. Select Stop Limit or Stop Market

In the order panel, tap to switch from Limit/Market to Stop Limit or Stop Market.
Enter the required details: Trigger Price – The market price that triggers your order. Order Price – The price at which your order will be executed (for Stop Limit). Quantity – The amount of crypto you want to buy or sell.

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3. Confirm and Place the Order

Double-check your details and tap Buy or Sell to place the order.
Once placed, you can view your stop orders under the Open Orders section at the bottom of the trading page.

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Key Benefits of Using Stop Orders

Risk Management: Protect your funds by setting stop-loss levels.
Profit Protection: Lock in profits by selling automatically once the market moves in your favor.
Convenience: Automate trades without constantly monitoring the market.