How does the buy stop feature work on Coinbase for purchasing digital currencies?

3 answers

• Dec 16, 2021 · 3 years ago
  The buy stop feature on Coinbase allows users to set a specific price at which they want to buy a digital currency. Once the market price reaches or exceeds the set price, Coinbase automatically executes the purchase. This feature is useful for traders who want to enter a position at a certain price level without constantly monitoring the market. It helps to automate the buying process and can be a time-saving tool for investors.
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• Dec 16, 2021 · 3 years ago
  When you use the buy stop feature on Coinbase, you are essentially placing a conditional order. You set a trigger price, which is the price at which you want the purchase to be executed. Once the trigger price is reached, Coinbase will execute the order and buy the digital currency for you. This feature is especially helpful for traders who want to take advantage of price breakouts or specific market conditions. It allows you to set your desired entry point and let Coinbase handle the execution for you.
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• Dec 16, 2021 · 3 years ago
  The buy stop feature on Coinbase is a great tool for traders who want to automate their buying process. It allows you to set a target price at which you want to buy a digital currency. Once the market price reaches or exceeds that target price, Coinbase will automatically execute the purchase. This feature can be particularly useful when you want to enter a position at a specific price level or take advantage of a price breakout. It saves you time and effort by eliminating the need to constantly monitor the market and manually execute trades.
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