Making Money, or in other words, creating assets has become quite easy with the rising popularity of cryptocurrency but with a risky proportion. And now that you are in the right place now, you will get a step-by-step guide on how to start buying and trading cryptos.
So, Let’s deep dive in the world of cryptocurrency and get the answers to the most common questions – How To Set Stop Loss On Robinhood Crypto
Should I use Robinhood for my crypto portfolio?
Edit: also don’t use Robinhood for your crypto portfolio. It’s a god awful interface compared to the other free platforms available. Personally I’ve done all my business through coinbase and have had no complaints. Very quick and professional and my wallet I use is blockchain.io (the .io might be different, it’s auto saved on my comp)
Did I make a mistake trading crypto using RH?
I made the mistake of trading crypto using RH because I already had stocks in RH, which I sold to go into crypto. The lack of SL for crypto is like begging to get liquidated. It gets worse, they don't allow a way to withdraw crypto to a wallet. Instead, I must sell and keep the money in my account for 6 days.
Does Rh support stop orders for crypto?
However, RH still doesn't support stop orders for crypto. Anyone know if this is in the works or when it will be released? PLEASE!!! It’s annoying having to constantly check my crypto when I travel
How do I set a stop loss?
Navigate to a trading pair and select Stop Loss under the Advanced dropdown menu. 2. Input your Stop price and the Amount. Stop (Stop Price): This is also known as the trigger price -- your market order will only be placed on the order book if the market price reaches this trigger price. Amount: This is the amount of crypto you want to trade.