Coinbase, Exchanges

Does Coinbase Pro Have Stop Loss?

When it comes to trading cryptocurrencies, one of the most important tools that you have at your disposal is a stop-loss. This is a safety measure that allows you to limit your losses in case the market takes a turn for the worse. So, does Coinbase Pro have stop-loss?

The answer is yes and no. Coinbase Pro does have a stop-loss feature, but it is not available for all cryptocurrencies.

For example, at the time of writing, stop-loss is not available for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), or Bitcoin Cash (BCH).

However, if you are trading one of the cryptocurrencies that does have stop-loss available, then using this feature is very easy. Simply go to the “Order Form” page on Coinbase Pro, select the currency pair that you want to trade, and then choose “Stop” from the “Type” drop-down menu.

NOTE: WARNING: Coinbase Pro does not currently offer a stop loss function. As such, users should be aware that their funds may be exposed to greater risk than if they had a stop loss in place. Additionally, users should exercise caution when trading with Coinbase Pro, as their funds may be subject to rapidly changing market conditions.

From there, you will need to enter the price at which you want your stop-loss to trigger. Once you have done that, all you need to do is submit your order and wait for the market to move.

If the price hits your stop-loss, your position will be automatically closed and you will limit your losses.

Overall, Coinbase Pro’s stop-loss feature is a useful tool that can help you protect your investments. However, it is important to remember that this feature is not available for all cryptocurrencies.

So, make sure to check whether or not stop-loss is available before you trade.

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