What's the difference between stop and limit orders on GDAX?

1 answers

• Dec 16, 2021 · 3 years ago
  Stop and limit orders are two types of orders you can place on GDAX. A stop order is triggered when the price of a cryptocurrency reaches a certain level, and it becomes a market order that is executed at the best available price. This type of order is commonly used to limit losses or protect profits. On the other hand, a limit order allows you to set a specific price at which you want to buy or sell a cryptocurrency. If the price reaches or goes below your specified price, the order will be executed. This gives you more control over the price at which your order gets filled. I hope this helps you understand the difference between stop and limit orders on GDAX!
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