This is a great question. trailing stop loss is a feature that is offered on some cryptocurrency exchanges that allows traders to automatically sell their position if the market price begins to drop. This can help protect against losses if the market unexpectedly turns against a position. Not all exchanges offer this feature, so it is definitely something to keep in mind when choosing an exchange.
Other related questions:
Q: Can you do trailing stop loss on crypto?
A: There is no definitive answer to this question as different exchanges offer different features and there is no standard definition of what a trailing stop loss is. That said, some exchanges do offer this feature for cryptocurrency trading.
Q: Which cryptocurrency exchange provides a trailing stop limit orders?
A: There is no one-size-fits-all answer to this question, as the best cryptocurrency exchange for you will depend on your specific needs and preferences. However, some of the exchanges that offer trailing stop limit orders include Binance, Kraken, and Bitfinex.
Q: Which crypto platforms have stop losses?
A: There are a few different ways to trade cryptocurrencies, and each has its own unique set of features. Some exchanges, like Coinbase, allow you to set stop losses when you place a trade. Others, like Binance, do not have this feature.
Q: Does Binance have trailing stops?
A: Yes, Binance does have trailing stops.