Assuming you are referring to the Binance app for Android:
First, log in to your Binance account and go to the “Funds” page. Then, find the asset you want to add a stop-loss for and click on the “…” next to it.
A new page will pop up with different options for the asset, including “Stop-Loss”. .
NOTE: WARNING: Adding a stop loss on the Binance app can be risky. If you are not familiar with how to set and use a stop loss, please seek professional advice before proceeding. There is always a chance that the stop loss may not execute at the desired price and you could incur losses.
Click on “Stop-Loss” and another page will pop up where you can enter the stop-loss price. The stop-loss price is the price at which you want to sell the asset if it starts losing value.
Once you enter the stop-loss price, click on the “Set” button.
You will then see a confirmation message that says “Your stop-loss has been set successfully”. Now, if the price of the asset falls to your stop-loss price, it will automatically be sold at that price.
In conclusion, adding a stop-loss on Binance is a simple process that can help you protect your assets from big losses.
10 Related Question Answers Found
When it comes to stop losses, there is no one-size-fits-all answer, as the best way to do a stop loss will vary depending on the individual’s trading strategy and goals. However, there are a few general tips that can help traders make the most of their stop losses. First, it is important to remember that a stop loss is not an all-or-nothing proposition.
A stop limit order is an order to buy or sell a security at a specified price or better, after a given stop price has been reached. Once the stop price is reached, the stop limit order becomes a limit order to buy or sell at the limit price. A stop limit order can be used to limit losses or take profits.
As digital assets continue to grow in popularity, exchanges like Binance are seeing an influx of users. One of the most common questions new users have is whether they can use a stop loss on Binance. The short answer is yes, you can use a stop loss on Binance.
Most investors have heard of stop-loss orders, but many don’t use them because they don’t understand how they work. A stop-loss order is an order placed with a broker to buy or sell a security when it reaches a certain price. The investor sets the stop price, which is the price at which the order will be triggered.
When you are trading on Binance, you will want to make sure that you have a stop loss in place. This is because you never know when the market is going to turn against you and you don’t want to lose all of your money. There are a few different ways that you can set a stop loss on Binance.
There are a few different types of stop losses that can be placed on a Binance account. A stop-limit order is an order to buy or sell a security at a specified price or better after the security reaches a specified price. A trailing stop loss is an order to buy or sell a security at a specified price or better, after the security reaches a certain price below the current market price.
Setting a stop-loss order is a common strategy employed by many traders to limit their potential losses on a trade. A stop-loss order is an order placed with a broker to sell a security when it reaches a certain price. This price is typically below the current market price for long positions, or above the current market price for short positions.
When trading cryptocurrencies on Binance, you may want to place a stop-limit order. This type of order lets you specify the price at which you want to buy or sell, as well as the price at which you want to stop the trade. In this article, we’ll show you how to place a stop-limit order on Binance.
As cryptocurrencies become more mainstream, investors are looking for new ways to buy Bitcoin and other digital assets. Binance is one of the most popular cryptocurrency exchanges, and it offers a variety of ways to buy Bitcoin and other assets. However, it is important to note that Binance does not currently offer a way to directly buy Bitcoin with fiat currency.
Binance, one of the world’s largest cryptocurrency exchanges, has announced a new program to help users reduce their withdrawal fees. The program, called “Binance Fee Reduction,” will offer a 50% reduction in withdrawal fees for users who hold a certain amount of Binance’s native token, BNB. To be eligible for the fee reduction, users must hold at least 0.1 BNB (approximately $27 at current prices) in their Binance account.
