How does the sell limit work for cryptocurrencies?

3 answers

• Jan 20, 2022 · 3 years ago
  Sure! The sell limit is a feature that allows you to set a specific price at which you want to sell your cryptocurrencies. When the market price reaches or exceeds your set price, your sell order will be executed automatically. This can be useful if you want to secure profits or limit potential losses. Just make sure to set a realistic price based on market conditions.
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• Jan 20, 2022 · 3 years ago
  The sell limit is like a safety net for your investments. It ensures that you sell your cryptocurrencies at a desired price, even if you're not actively monitoring the market. It's a great tool for traders who want to automate their selling strategy and take advantage of price movements without constantly being glued to their screens.
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• Jan 20, 2022 · 3 years ago
  At BYDFi, the sell limit works similarly to other exchanges. You can set your desired sell price and the order will be executed when the market price reaches or exceeds that price. It's a convenient feature for traders who want to take profits or minimize losses without constantly monitoring the market. Just remember to consider market volatility and set a realistic price to increase the chances of your order being executed.
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