Stop Loss Order stop loss is a fundamental and indispensable tool for every trader. With the Good Crypto Trading app, this order can be attached to any trade with just one click, enabling you to limit risk and protect your portfolio when the price moves in the opposite direction to your position or in case of a sudden unfavorable market rally. Using Stop Loss in your trading is a crucial aspect of risk management that protects your profitability over the middle and long term, ensuring consistent growth of your PnL.

Why Use Stop Loss on

Every professional trader uses a Stop Loss pending order in their arsenal to keep a controlled and stable portfolio growth with the lowest risk possible. This type of order helps avoid unpredictable losses and take complete control over your trading risk. All you need to do is to specify a desired yet appropriate Stop Loss price level according to your money management strategy. If an asset's price reaches this level, the app will execute the Stop Loss order and close the position minimizing the loss.

goodcrypto interface
How to Set a Stop Loss on via GoodCrypto?

Connect your Account to the GoodCrypto app with your API Key.

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

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

Slide to send your order (or to attach it to a base order).

Manage all exchange accounts with one application!

Benefits of Exchange Stop Loss Order by GoodCrypto

No Balance Freeze Stop Loss order can be attached to any initial trade (trailing, market, or limit) without the balance freeze.
Trigger Timeout
A time-out trigger will prevent you from closing trades during sudden short-term price spikes with immediate pullbacks.
Different SL values
Stop Loss on can be set in different options using the GoodCrypto platform:
  • - a certain price level
  • - % of price movement
  • - a specific amount from the deposit

Attach Take Profit and Stop Loss Combos

You can connect the Stop Loss and Take Profit pending orders to any initial order (like Market, Limit, or Trailing orders) in just a few clicks and without locking your balance until execution. When one is attached, the order executes, and the other attached order cancels immediately. Furthermore, your Stop Loss order or Take Profit order may also work in Trailing Stop mode, thereby increasing your risk/reward ratio even more as they will follow the price until its reversal. Now, such questions as “how to set a Stop Loss on” or “how to Take Profit on” are no longer actual.

Why Good Crypto?

Advanced Trading Functionality

Enjoy advanced order types, automated trading strategies, real-time portfolio tracking, charting, technical indicators, trading signals, and so much 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 PRO trader 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!


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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