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Hodl Hodl

Stop-loss functions are now available on Hodl Hodl

Stop-loss functions are now available on Hodl Hodl.

Stop-loss is a function which allows you to avoid unprofitable or unwanted trades, by automatically disabling your offer if the price of Bitcoin hits a certain predetermined rate.

How does it work?

  1. Go to the “Offer creation page” and tie your price to any exchange rate.
  2. Scroll down and open “Optional settings”.
  3. Set your stop loss value.

Example of use:

Imagine you are selling 1 Bitcoin.The current price is 10,000 USD and you don’t want to sell for a lower price than that. You can enable the stop-loss function and set your minimum price at 9,999 USD. If the price of BTC drops below that, the offer will be automatically disabled. Once the price goes up again, your offer reactivates. In this way, you don’t need to constantly monitor your trades and you can avoid wasting time and damaging your reputation.

Note: All extra settings are now available under the “Optional settings” block. There you can set: Offer balances, first-trade limits, stop-loss orders and descriptions and titles for your various offers.

For more information on offer creations, watch our tutorial — Creating offers at the Hodl Hodl trading platform.

Create offers and try out non-custodial Bitcoin trading on Hodl Hodl today!

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Hodl Hodl

Hodl Hodl

P2P cryptocurrency trading platform that doesn’t hold funds

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