A stop limit order allows you to control when and at what price a trade is placed. When the stop price is triggered, a limit order is submitted to buy or sell the asset at the limit price you specify. This helps manage risk and avoid market slippage.
A stop limit order does not guarantee execution. If the price doesn’t reach your limit, or if liquidity is too low at that price, the order may not fill.
Note: In order to set a Stop Limit Order, you must be on the Pro version of the mobile app.
Example:
If the current market price is $250 and you want to buy if the price rises to $255, you could set:
Stop Price: $255
- Limit Price: $260
This means the order is triggered at $255 but won’t fill above $260.
Buy Stop Limit Order Instructions
Go to the Trade tab of your CoinZoom mobile app.
Choose the cryptocurrency you want to buy.
Click the Buy slider.
Select the green Stop Limit next to the slider.
Enter the number of coins you want to buy.
Enter the Stop Price (must be above the current market price).
Enter the Limit Price (equal to or above the Stop Price).
Click the buy button.
Sell Stop Limit Order Instructions
Go to the Trade tab of your CoinZoom mobile app.
Choose the cryptocurrency you want to sell.
Click the Sell slider.
Select the green Stop Limit next to the slider.
Enter the number of coins you want to sell.
Enter the Stop Price (must be below the current market price).
Enter the Limit Price (equal to or below the Stop Price).
Click the sell button.
Fee Note:
Sell stop limits that trigger and execute below the current market price may be charged a taker fee. If a sell limit is placed below the current price, it may execute as a market order.