Binance Stop Loss Order

The Binance stop loss order will protect your trading portfolio from significant losses if the price moves in a direction opposite to what you planned. Binance stop loss orders can be adjusted to every position with a single click to tilt your target risk/reward ratio, limit your losses, and lock in your profits on a long or short position.

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Why Use Stop Loss on Binance?

The Binance Stop Loss order is one of the most wanted tools when it comes to trading in extremely volatile crypto markets. This pending order aims to prevent a trader from incurring unaffordable losses by automatically selling assets when the market price hits a certain level. Therefore, you can protect your portfolio by setting a level of potential losses after defining the amount you can take on.

How to Set a Stop Loss on Binance via GoodCrypto?

Connect your Binance Account with Binance API Keys

Go to the Exchanges tab, find Binance and choose a coin you want to buy or sell

Set Stop Loss Binance order, and define the price level, percentage of a price swing, or amount of crypto as your Stop Loss distance.

Slide to send your order.

Set Up Stop Loss

Manage all exchange accounts with one application!

Advantages of GoodCrypto Stop Loss Binance Orders

No Balance Lock

Binance Stop Loss orders may be attached to every order you send (trailing, market, or limit) with one click, with no balances locked until activated.

Trigger Timeout

The timeout trigger for Binance Stop Loss will prevent you from exiting the position prematurely and ignore short-term price spikes.

Different SL values

Stop Loss on Binance may be set at various values via the GoodCrypto app:

- a specific price level
- the % of the price swing
- a specific amount of a base currency

Attach Binance Stop Loss and Take Profit Combos

With the GoodCrypto app, you can simultaneously attach Binance Stop Loss and Take Profit pending orders to any initial position entry order with no balance lock until the order fills. Once one of the orders executes, the other will cancel automatically and instantly. Furthermore, GoodCrypto allows you to transform your Binance Stop Loss/Take Profit into a Trailing Stops Binance order, moving the Risk/Reward Ratio further.

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Try Trailing Stop Loss Binance Orders to Achieve Even Better Results

Sophisticated trailing stop loss Binance orders by GoodCrypto will help your trading strategy perform better. They will assist you in entering and exiting positions at favorable prices, resulting in a significantly higher profit, especially if you follow the trend for as long as possible. Walk through all the trailing stop strategies available in our app to make your trading process lucrative in any trending market.

Advanced Trading Functionality

Advanced order types, automated trading strategies, real-time portfolio tracking, charting, technical indicators, trading signals, and a lot more for 35+ leading crypto exchanges

Simple Intuitive Interface

Every advanced tool can be mastered and set up with a few clicks. Good Crypto provides a unified and intuitive trading interface for 35+ leading crypto exchanges. Becoming a PROtrader has never been easier!

Best Value

GoodCrypto provides its users with the most advanced trading features and tools for profitable trading at the lowest price on the market. What is more, you can try all of them for free with a 14-day trial. Check it out now!

FAQ

Yes, it does. However, GoodCrypto gives you access to advanced trading with all the most sophisticated features and PRO trading tools to make your trades even more profitable.

In our definitive guide, find all details about configuring the Binance API key and adding it to Good Crypto.

Plenty of features are available in GoodCrypto for free. However, some advanced Trading & Analytical tools are available only in the PRO package. If you want to use the app at full blast, start with a 14-day free trial and give it a try!

GoodCrypto is one of the most secure crypto trading apps on the market.

We don’t have access to your funds.
We don’t require your wallet’s private keys.
The app supports immediate on-device asymmetric encryption of all API keys and user data.
All internal connections are encrypted, and backend services are encrypted and firewalled separately.

Please find more details about Good Crypto’s security on our Security page.

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