Top 8 Crypto Exchanges With Stop Loss & Trailing Stop Loss

These top 8 crypto exchanges with stop loss (SL) and trailing stop loss are great platforms to buy bitcoin and other cryptocurrencies because you can limit your potential loss by adding a protective stop order below your purchase price.

If the market falls after you have bought the digital asset, your SL will get triggered and the platform will automatically sell your position at a minimum loss.

In this guide, we have reviewed the best exchanges with stop loss and we’ve also explained how to use it for you to be able to cut your losses quickly without stress. There is also no need to create difficult combinations of different order types. These platforms are easy to use for beginners.

Below are our recommended cryptocurrency exchanges that offer SL when buying or trading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. The order selection for each platform is different so take your time to read our quick guide for each exchange to learn how to use it.

Which crypto exchanges have stop loss?

Best crypto exchange with stop loss

These crypto trading platforms are known to have very good stop loss systems:

1. BYDFi – Best overall (accepts traders from USA)
2. Bitget – Good for security
3. CoinSpot – Best for Australia
4. Liquid – Best for Asia
5. Binance – Best for Europe
6. StormGain – Best for UK
7. Phemex – Best for Canada
8. ByBit – Great option overall

How to set a stop loss in crypto trading

In this quick guide, we will be using BYDFi as an example since they have a great stop-loss system. You can also try the stop-loss order on BYDFi with the demo account before using it live.

1. Start by signing up with BYDFi.
2. Choose Contract -> Crypto from the main menu.
3. In the order selection box, choose the amount you want to buy and at what price.
4. Next, click SL Ratio to activate the stop loss.
5. Choose your SL level between 5% and 90%.
6. Click Buy.

That’s it. You will now put a protective SL when you buy bitcoin or any other cryptocurrency on the platform that protects your downside. This order type is automatic so you can feel completely safe to leave the computer or go to sleep as the interface will automatically stop you out if your level is passed.

8 Best Crypto Exchanges With Stop Loss Compared

BYDFi

BYDFi is a crypto exchange with SL and has a very easy-to-use trading interface that includes five different order types. This is one of our recommended crypto platforms due to its simplicity when it comes to activating the different orders from the actual interface. The only thing you need to do is to click the SL toggle button and then fill in your criteria and then buy, sell, or short the coin you are going to trade.

BYDFi is a safe cryptocurrency exchange that is rather new but has already managed to onboard 4 different regulations on 3 different continents. It is best used by crypto traders that already have some kind of experience as the interface is semi-advanced. However, if you are completely new, don’t hesitate to get on the platform, you will learn it pretty fast.

How to use the stop loss on BYDFi

To buy cryptocurrencies on BYDFi with a protective SL follow these steps!

1. In the min menu, navigate to Contract -> Crypto.
2. In the order selection box, click SL Ratio.
3. Select the percentage you want between 5% and 90%.
4. Click Buy to open a position with your SL order.

Remember that you can add both a take profit and an SL order at the same time when trading or buying cryptocurrencies on BYDFi.

CoinSpot

CoinSpot is one of the most reputable cryptocurrency exchanges in Australia and with nearly 9 years on the market traders use the platform to trade and buy crypto. The platform features a good SL system where you can protect your downside risk very easily. On CoinSpot you have access to over 300 altcoins from your desktop or your smartphone. The Bitcoin OTC market is a good feature for larger investors who are looking to stock up when an opportunity arises.

CoinSpot is regulated by AUSTRAC which helps cement the trustworthiness of the platform and you can rest assured that they will take care of your funds while you keep them on the platform. When buying coins with fiat money on CoinSpot you can lock in the price to not get affected by high market volatility.

How to use the stop loss on CoinSpot

To be able to add the SL order on CoinSpot you should follow these steps.

1. In the Main Menu, click BUY/SELL.
2. On the coin page, choose cryptocurrency and click BUY.
3. From here, select the Order Tab.
4. Now, choose the Stop Loss tab.
5. Enter your values and click Stop Loss.

That’s how it’s done. Now your SL will protect your downside risk on CoinSpot. Remember that you can add several different orders before you open the position or buy altcoins on CoinSpot.

Liquid

Liquid is based in Japan and is a very easy-to-use cryptocurrency exchange that offers great order types to protect your digital asset investments. It was founded back in 2014 and has earned a Veteran Trading platform badge here on Trading Browser. Some of the perks of using Liquid are the fast withdrawals, CryptoWatch trading terminal, and an advanced performance analytics tool to keep track of all your profits and losses.

Liquid is a truly secure exchange to use and it currently holds a license by the Financial Services Agency in Japan. The platform is recommended for all traders, both experienced and new. It has a good selection of order types when it comes to trading and it’s really easy to add an SL or trailing stop. Liquid offers a crypto margin trading exchange platform and a spot trading platform where the latter has a more basic interface.

How to use the stop loss on Liquid

Now let’s see how to add the SL order to your positions on Liquid.

1. From the Home Page, navigate to the Products -> Margin Trading.
2. From the trading interface click the Stop Sloss button to toggle the order type tab.
3. Select your values either by Price or Percentage.
4. Now, open your long or short position.

This will automatically protect your downside risk to your chosen values and if the market would drop when you are sleeping, for example, your position will automatically be sold at the market price.

Binance

The Binance exchange is located in Malta after having been transferred from Asia. This platform is a very popular exchange for active crypto traders and the order selection in the advanced trading interface has everything you need. Binance offers several hundreds of altcoins as well as a fiat on-ramp where you buy altcoins with USD or any other local currency.

Binance is non-regulated but has earned a great reputation over the years for being a trustworthy and safe cryptocurrency exchange. Most traders come to Binance for leverage trading of penny cryptocurrencies and the advanced charting interface. It is a beginner-friendly platform that offers short-selling altcoins, crypto lending, high limits, a rebate system, a trading forum, and a very fast execution speed.

How to use the stop loss on Binance

Follow this quick guide to learn how to use the SL order type on Binance.

1. In the main menu, navigate Derivatives -> Binance Futures Overview.
2. Choose the future you want and click Trade Now.
3. Inside the trading interface, navigate to the order selection on the right.
4. Check the TP/SL button.
5. Insert your SL value and click Buy/Long or Sell/Short.

Congratulations! Remember to use the futures trading platform to get access to the selection of the advanced order on the Binance platform and don’t forget to add a take-profit order to take profit on your crypto at the same time. Both these orders will get triggered automatically and don’t need any more adjustments.

StormGain

StormGain offers crypto trading with a 0% commission on a very intuitive platform and mobile app. Trade crypto options, tokenized assets, crypto indices, or sign up for the free bitcoin mining platform that doesn’t require any CPU usage from your computer. With StormGain you have the option to trade with leverage up to x300 your account funds. This means that whenever you profit on the platform, your profits are 300 times bigger than usual. But, be careful, high leverage crypto trading can be risky when the market is volatile.

Some other great features on the exchange are the deposit bonus for new members, crypto trading signals, the staking platform, a cashback program, and very fast withdrawals. StormGain offers its services in several different languages including English, German, Chinese, Spanish, and many more. This exchange is not available for US traders.

How to use the stop loss on StormGain

Follow this quick tutorial to easily protect yourself against losses on StormGain.

1. In the main menu, located the Trading interface.
2. In the bottom right corner of the interface, located the order selection box.
3. Check the Stop Loss button.
4. Fill in the values in Percentage or Price value.
5. Click Sell or Buy to open the position with a protective SL.

It is not hard than that. Remember that you can use a take profit order at the same which will automatically sell when your position is profitable. You are free to choose the values.

Phemex

Phemex is a crypto exchange with SL that is very easy to use for beginners. The platform offers zero fees and up to 100 leverage for altcoin trading. The margin platform should only be used by traders with sufficient experience since it can be very risky if you are not familiar with the structure of leverage. Besides that, Phemex has a great OTC market, an investment product, a welcome bonus, and a demo account where new traders can practice before they trade live with real money.

Phemex offers spot trading and futures trading at different fees. The spot market has a 0.10% flat fee while the contracts market has a 0.075% taker fee and a -0.025% maker fee which means that you can earn a rebate if you act as a market maker. Some of the more advanced order types on Phemex are Fill or Kill, Bracketed Order, Trailing SL, and Trigger Order.

How to use the stop loss on Phemex

Let’s take a look at how to protect your downside on Phemex.

1. In the main menu, navigate to Products -> Contract Trading.
2. In the order selection box, choose your leverage and the amount you want to trade.
3. Click Buy/Long or Sell/Short, this will open up the window I showed above.
4. From this window, select the Stop Loss box.
5. Select the value as a Percentage or Price value.
6. Click Confirm to open the position!

When trading on Phemex you can adjust your SL order directly from the charting interface. This lets you have full control over your position at all times. The take-profit order works the same way.

ByBit

The ByBit derivatives exchange is a great place for day traders and active crypto investors. The platform offers short-selling and leveraged products in many different instruments such as Shiba coin, Cardano coin, Ripple, Solana, and many more. ByBit has one of the lowest flat fees on the market at 0.075%. This beats many competitors and is also one of the reasons why big traders choose this exchange.

Some great features on ByBit are rebates, a great crypto trading app, margin trading, a welcome bonus, risk management tools, and lightning-fast execution speed. As you can see, this exchange is mostly suited for day traders. If you are an active trader you will enjoy this platform.

How to use the stop loss on ByBit

This is a quick guide on how to use the SL order when buying or short-selling on ByBit.

1. In the main menu, navigate to Derivatives -> Inverse Perpetual and choose your product (ex. BTC/USDT).
2. From the trading interface, locate the order selection box to the right.
3. Check Buy Long or Sell Short depending on your position.
4. Insert the value you want in Percentage or Price.’
5. Click Buy/Long or Sell/Short to open the protected postition.

The same goes for ByBit, you can open your Long or Short position with both an SL order and a Take Profit order.

What is a stop loss?

A stop loss in crypto trading is a risk mitigation tool that stops the potential losses at a preset level that the trader chooses. Stop losses can be added to your position before or after you have entered the market but my recommendation is to always enter with your stop loss.

There are different kinds of stop losses, for example, a standard stop loss will stick to the price level that you have assigned. Another type is the trailing stop loss which will follow the market up or down with a preset distance, for example, $50, or 100 points.

The purpose of a stop loss crypto exchange is to prevent large losses from occurring so that the trader can stay in the game without losing his or her stake. This order type is automatic which means even if you close down your browser and turn off your laptop, the stop loss order will still execute and close out your trade.

This is the most effective way to protect against price movements that go against your position and I recommend every beginner crypto trader to use one.

A stop loss is simply a tool to protect against market volatility that is free to use and should be incorporated into every trader’s crypto margin strategy.

Which crypto exchanges have stop loss?

Not all exchanges offer this order type and it can sometimes be hard to find a good platform with an easy-to-use SL order. Most of the time, cryptocurrency exchanges with only a spot trading product will not offer it, so, you have to look for a platform that offers some kind of contract trading, margin trading, or leverage trading.

Why is this? Well, these platforms are more advanced and have better-developed trading interfaces. That is the short answer, however, many new crypto exchanges are starting to include these order types to compete with the other more established platforms.

Since we review platforms daily we see most of the exchanges on the market and we keep track of which exchanges offer the good order types.

In this guide, we have listed some crypto exchanges with excellent order types for protecting against unwanted losses. Check the table below or the list above to learn more about which specific type of exchange offers SL.

How do you put a stop loss on a crypto exchange?

Most modern cryptocurrency exchanges have made it very easy to add a stop loss by simply checking the SL (stop loss) box and then adding the value where you want your position to get stopped out.

Here is a quick guide on how to do it.

1. Enter the trading platform of your exchange.
2. In the order selection, check or choose the SL.
3. Enter a price value or a percentage.
4. Double-check that the value is correct and within risk limits.
5. Click Buy or Short-sell.

That’s it. This is the standard procedure for most exchanges with a modern interface. Some platforms will require you to add a stop-limit order that acts as a stop loss, however, the exchanges in our list above all feature a “real stop loss”.

The value can either be in percentage or a price level, that is up to you to decide but my recommendation is to use a price level that you have previously analyzed as being a breaking point technically.

You don’t want to add a percentage just because you feel good about having a 15% stop loss due to the average risk, you need to be more sophisticated than that to avoid losses.

Some markets won’t let you off that easily and it’s much safer to first assess the coin you are trading and add your stop loss based on the volatility. This will however not let you add your maximum position size to all entries because when the market is experiencing high volatility you need to widen your stop loss and reduce the position size to stay within risk limits.

Crypto exchanges with trailing stop loss

In addition to the traditional SL order type, we have the trailing SL that works in pretty much the same way except the trailing order will follow the open price on pre-set percentage or number.

For example, if you buy bitcoin at $60,000 and add the trailing stop $1000 below the price, this trailing SL will follow the price up with a $1000 gap. So if Bitcoin reaches $62,000, your trailing order will be at $61,000.

Below are some crypto exchanges with trailing SL, these are the same platforms as above but here we show you exactly which ones have a trailing function as well. Please read each specific review to see exactly what order types they offer.

Exchange	SL	Trailing SL	Take Profit
BYDFi	Yes	No	Yes
Bitget	Yes	No	Yes
CoinSpot	Yes	No	Yes
Liquid	Yes	Yes	Yes
Binance	Yes	Yes	Yes
StormGain	Yes	No	Yes
Phemex	Yes	Yes	Yes
ByBit	Yes	Yes	Yes

Best percentage to put your stop loss when buying cryptocurrency

So, what is a good percentage to put your SL for crypto?

I will try to give you some tips around this topic for the next time when you are going to buy or sell cryptocurrencies on an exchange with a stop-loss order. This all depends on your risk tolerance and also your trading style or time horizon. For example, a very short-term crypto trader might want to put his SL just a few dollars below the opening price, while a longer-term investor needs more room for the market to swing up and down before his target is met. Below is a table with some guidelines on the best way to put the SL when buying crypto with credit cards.

Type of trader:	Low risk	Medium risk	High risk
Day Trader	2%	1%	0.5%
Swing Trader	12%	9%	5%
Investor	28%	22%	18%

It makes sense for a short-term trader to use a crypto exchange with a stop loss that lets your place your order with a Percentage and Price value since you might want to add the order at a previous low or a previous high. The same goes for a swing trader that is trying to avoid stop hunting at a previous pivot point or an even number such as $50,000.

As an investor, you have more flexibility with using the Percentage as it is more of a question of how much money you are willing to risk on each investment.

Around 28% is a standard level to put the SL order if you are looking for a low-risk entry point. Keep in mind that these numbers are not set in stone and they should be used together with other analyses such as the technical analysis for a specific coin to better judge the SL level.

Conclusion – Should you use stop loss in crypto?

This guide has been a full tutorial on crypto exchanges with stop-loss orders and trailing SL. I have recommended some of the best platforms with real SL orders that are easy to use and don’t require you to do any special order configuration to protect yourself. I have also included a guide on how to use each SL order for each crypto exchange.

My final tip is that you should always protect your downside in some way. The SL order is the most convenient way to protect your position while you are not actively following the market in front of the screen. It is very risky to leave an open position without any kind of protection.

Next time you are looking for a crypto trading platform with a stop loss and trailing orders, come back to this guide to find a new exchange.

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