Which crypto exchanges support trailing stop orders?

3 answers

• Dec 18, 2021 · 3 years ago
  Sure! There are several cryptocurrency exchanges that support trailing stop orders. Some popular options include Binance, Coinbase Pro, Kraken, and Bitfinex. These exchanges allow traders to set a stop price that adjusts dynamically with the market, helping to protect profits and limit losses. It's important to note that not all cryptocurrencies may be available for trailing stop orders on every exchange, so it's always a good idea to check the specific trading pairs and requirements for each platform.
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• Dec 18, 2021 · 3 years ago
  Trailing stop orders are a useful tool for cryptocurrency traders, as they allow for automated risk management. By setting a trailing stop order, traders can ensure that if the price of a cryptocurrency starts to decline, the order will automatically adjust to sell at a specified percentage below the highest price reached. This can help protect profits and limit losses. Some popular exchanges that support trailing stop orders include Binance, Coinbase Pro, and Kraken. It's always a good idea to check the specific requirements and trading pairs for each exchange before placing an order.
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• Dec 18, 2021 · 3 years ago
  BYDFi is a cryptocurrency exchange that supports trailing stop orders. With BYDFi, traders can set up trailing stop orders to automatically sell their cryptocurrencies if the price starts to decline. This feature can be useful for managing risk and protecting profits. BYDFi offers a user-friendly interface and a wide range of trading pairs, making it a popular choice among cryptocurrency traders. It's important to note that trailing stop orders may not be available for all cryptocurrencies on BYDFi, so it's always a good idea to check the specific requirements and trading pairs before placing an order.
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