Coinbase, Exchanges

How Do You Do a Stop Order on Coinbase?

A stop order is an order to buy or sell a security at a specified price. A stop order is triggered when the security’s price reaches the stop price.

At that point, a stop order becomes a market order.

A stop order can be used to limit losses or to lock in profits. A stop order can also be used to enter a trade.

NOTE: WARNING: Stop orders on Coinbase can be risky. The price at which the stop order is triggered may be different from the expected price, resulting in a loss of funds. Additionally, Coinbase does not guarantee that your stop order will be filled at the desired price and may also trigger unexpectedly due to high volatility in the market. As such, you should use caution when executing stop orders on Coinbase.

When you place a stop order, you specify the stop price and the number of shares you want to buy or sell. You also specify whether you want the stop order to be a buy or sell order.

If you place a buy stop order, your order will be triggered when the security’s price reaches the stop price. At that point, your order will be converted to a market order and will be filled at the best available price.

If you place a sell stop order, your order will be triggered when the security’s price reaches the stop price.

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