Protect your trading portfolio from unexpected losses if the price goes against you. Attach a Coinbase stop loss order to every position with a single click to tilt your target risk/reward ratio, reduce risks, and stay in the black if you go long or short.
Why Use Stop Loss on Coinbase?
The application of Stop Loss in Coinbase trading is essential when it comes to trading on highly volatile crypto markets. This conditional orders assist traders in preventing tangible losses and defining the affordable ones if the market turns bearish. In a nutshell, Coinbase Stop Loss triggers at the price level at which you want to get out of a market. When the price starts dropping and hits a level of Stop Loss on Coinbase, your position will be automatically closed.
How to Set Stop Loss on Coinbase via GoodCrypto?
Connect your Coinbase Account with Coinbase API Keys
Go to the Exchanges tab, find Coinbase and choose a coin you want to buy or sell
Set Stop Loss Coinbase 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.
Manage all exchange accounts with one application!
Benefits of Stop Loss Coinbase Orders in GoodCrypto
No Balance Lock
Coinbase Stop Loss order can be connected to any order you send (market, limit, etc.) with one click and with no balances lock until triggered.
Trigger Timeout
Timeout trigger for Coinbase Stop Loss will prevent you from exiting the position prematurely and ignore short-term price spikes.
Different SL values
In GoodCrypto, you can set Stop Loss on Coinbase in different values:
- a specific price level
- the % of the price movement
- a specific amount of a base currency
Attach Coinbase Take Profit and Stop Loss Combos
In the GoodCrypto app, Coinbase Stop Loss and Coinbase Take Profit pending orders can be connected at once to any initial position entryorder, such as market, limit, or trailing stop orders. They will immediately become active after your initial order is filled. When one of the pending Coinbase orders (TP or SL) is filled, the other will be canceled automatically and immediately. Furthermore, GoodCrypto allows you to transform your Coinbase Stop Loss / Take Profit into a Trailing Stops Coinbase order, moving the Risk/Reward Ratio even further in your favor.
Try Trailing Stop Coinbase Orders to Achieve Even Better Results
Make your trading strategy perform better with advanced trailing stop loss Coinbase orders by GoodCrypto. They will help you easily enter and exit positions at the best prices, bringing you much more profit, especially if you follow the trend for as long as possible. Check out all Trailing Stop strategies available in GoodCrypto to achieve your goals and get the most out of your trading.
Why Good Crypto?
Advanced Trading Functionality
Advanced order types, automated trading strategies, charting, technical indicators, 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. Becoming a PRO trader has never been easier!
Best Value
GoodCrypto provides the most advanced trading features and tools for profitable trading at the lowest price on the market. What is more, you can try them for free with a 14-day free trial. Check it out now!
How can we help you?
Yes, it does. However, GoodCrypto opens the gates of advanced trading and arms you with all the most wanted features, such as SL/TP combos, Coinbase Trailing Stops, automated trading strategies, and other PRO tools to make your trades even more profitable.
In our definitive guide, find all details about configuring the Coinbase 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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