How does the Stop Order work?

Using the stop order, you can designate the exchange rate at which your order will be activated. Stop orders are available in PRO mode only.

On zondacrypto you can find two types of stop order:

Stop limit

When the exchange rate drops (in case of selling) or rises (in case of buying) to a chosen level system places a limit order on selected by user rate.



To place a stop limit order go to PRO mode, choose "stop limit" and fill the rubrics:

 

• Rate - on this exchange rate your order will be placed,

 

• Amount - the amount of cryptocurrency you want to buy/sell,

• Trigger rate - when the exchange rate will reach this level, your order will be placed.

 

 

 

 

 

 

 

 

 

 

Stop market

When the exchange rate drops (in case of selling) or rises (in case of buying) to a chosen level system executes a quick transaction.



To place a stop market order go to PRO mode, choose "stop market" and fill the rubrics:

 

 

• Trigger rate - when the exchange rate reaches a selected level system executes a quick transaction.

 

• Amount - the amount of cryptocurrency you want to buy/sell.

Remember that stop market order doesn't guarantee to buy or sell entire order on trigger rate.