I know transferring money from your bank to Coinbase can take up to 5 days plus getting your account verified takes some time too so you might feel like you want to lock in a price right now buy paying the 3.6 premium.
The Stop Loss orders on Coinbase can be cancelled if the user changes his/her mind before the order is executed by hitting the cancel button available in the status column. You should NEVER use Coinbase to buy/sell cryptocurrency when you can do the exact same thing for much cheaper on Coinbase Pro. The feature can be set live by clicking the “Place Buy Stop” or “Place Sell Stop” option. Users can then enter the amount of bitcoin they would like to buy or sell at a particular trigger price (in dollars) which they will set in the next field. Once they have accessed the feature, they can choose whether they want to use the feature to buy or sell bitcoin. You buy a stock at 50, and enter a stop loss order to sell at 47.50, which limits your loss to 5. In order to use the feature, one has to select the STOP tab on the orders panel. In a normal market (if there is such a thing), the stop loss can work as intended. Stop Loss order can also be used for future trading. The Stop Loss orders on Coinbase can be cancelled if the user changes his/her mind before the order is executed by hitting the cancel button available in the status column. The Stop Loss feature is available on the Coinbase Exchange. The feature can be set live by clicking the Place Buy Stop or Place Sell Stop option. With Stop Loss feature, traders can set a sell Stop Loss for their bitcoin stash when the digital currency’s price reaches a lower threshold, thereby preventing losses or protecting profits they might have earlier. There are times when bitcoin users have seen the price plummet without any warning.
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