If you’re a Coinbase user, you may be wondering if you can put a stop loss on your Coinbase account. The answer is yes! You can put a stop loss on Coinbase by using the “stop loss” feature in the Coinbase Pro trading interface.
When you put a stop loss on Coinbase, you’re essentially telling the exchange to automatically sell your cryptocurrency if the price drops below a certain level. This is a useful tool if you want to protect yourself from losses in a volatile market.
To set a stop loss on Coinbase, log into your account and go to the “stop loss” section of the Coinbase Pro trading interface. Enter the price at which you want your cryptocurrency to be sold, and then click “submit.
” Your stop loss will be active immediately.
If the price of your cryptocurrency falls below your stop loss price, your cryptocurrency will be automatically sold at the next available opportunity. You’ll receive an email notification when this happens.
Stop losses are a useful tool for managing risk in a volatile market. If you’re concerned about the possibility of losses, setting a stop loss on Coinbase can help you sleep better at night.