How can I set up a stop loss order for my cryptocurrency trades?

1 answers

• Nov 27, 2021 · 3 years ago
  BYDFi is a cryptocurrency exchange that offers a user-friendly interface for setting up stop loss orders. To set up a stop loss order on BYDFi, you first need to create an account and deposit your desired cryptocurrency. Once you have done that, navigate to the trading platform and find the option to create a stop loss order. Enter the desired price at which you want to sell your cryptocurrency, select the order type, and specify the quantity you want to sell. Review the details and confirm the order. BYDFi will automatically execute the order if the price reaches your specified level. Make sure to regularly monitor the market and adjust your stop loss order if needed.
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