I'm concerned about potential losses on my trades. How can I set up a stop-loss order on MEXC to minimize my risk?

When you make a new order on MEXC, go to the "Stop-Limit" tab to put in a stop-loss order. Here is where you'll enter the stop price, which is the price at which the order will be filled, and the limit price, which is the price at which you want to sell the cryptocurrency.

On MEXC, there are two main types of stop-loss orders:

• When the stop-loss price is reached, the stop-loss limit places a market sell order. This makes sure that the order is filled, but not always at the exact stop-loss price in fast markets.

• When the price hits your stop-loss level, stop-market sends out an immediate market sell order, putting speed over exact price execution.

To set up a stop-loss order, you must pick the trading pair, choose the "Advanced" order type, and pick either "Stop-limit" or "Stop-market." Set the order quantity and the stop-loss price, and then look over everything before confirming.

We value your input, so please leave a comment to keep the conversation going.