Trading crypto is an exciting, but unpredictable, ride, and the best way to stay ahead is by finding a crypto exchange with stop loss(SL) and trailing stop features. Imagine securing your trades with automated safety nets that lock in your gains and minimize your losses, even while you’re sleeping or spending time with friends.
Our crypto experts have analyzed and reviewed over 20 exchanges to find the best platforms for using stop losses, evaluating 15 different data points to give you the most comprehensive advice possible.
In this guide, we’ll introduce you to five exchanges that provide these smart tools and show you how to use them to enhance your trading strategy. So, let’s dive in and discover the exchanges that will empower you to trade confidently and keep those gains rolling in!
The 5 best crypto exchanges with stop loss
Out of all the 25 platforms and exchange we tested, these are the best options:
1. BYDFi: Best Exchange Overall (Highest rated) – Available in the USA – No KYC – No VPN – 200x Leverage Perpetual Futures – Lowest Fees 0.02% – Tradingview Charts – Regulated in the USA by FinCEN as an MSB (High Security) – High Withdrawal Limits – Quick Registration – Demo Account
- Stop Loss: Easy to use and can be added directly in the trading interface before you open your position. Use trigger prices or add Choose between the latest price or the last price. Set trailing SL easily with price distance.
2. Phemex: Top Mobile App – Available in the USA with VPN – No KYC – 100x Leverage – Tradingview Charts – Trading Bots – Staking Protocols – Great Academy for Beginners – Demo Account – Low Fees 0.055% – Buy Crypto with Fiat
- Stop Loss: Add it before opening the position and trigger it when the position is live. Set the trailing SL with a trailing value price.
3. MEXC: Lowest Maker Fees – Available in the USA with VPN – No KYC – 200x Leverage with Perpetual Futures – 0% Maker Fees – 1400 Altcoins – Tradingview Charts – Buy Crypto with Fiat – Copy Trading Platform – Demo Account Trading
- Stop Loss: Easy to add with option to choose trailing SL. Add before opening position and set trigger prices based on price, roe, or pnl.
4. BTCC: Best For Highest Leverage (225x) – Accepts US traders without KYC or VPN – Perpetual Futures Trading – VIP Programme with Fee Benefits – 0.045% Standard Fee – Crypto or Fiat Deposits – Demo Account – 12 Years in Business
- Stop Loss: Set SL easily at your own price distance directly in the trading interface.
5. Binance: Largest Crypto Exchange by Volume – Global Access Except USA – Require KYC – 125x Leverage – Tradingview Charts – Trading Bots – Staking Options – Futures trading – 0.10% Fees – Margin Trading – Make Deposits with Crypto or Fiat
- Stop Loss: Set the price before opening the position. Use the stop-limit feature to add your stop. Not as intuitive as the other platforms.
Investment risk and affiliate disclosure: Crypto trading comes with significant risk and can lead to rapid losses. Make sure you understand the risks involved before investing. Always conduct your own research and consult with a financial advisor if needed. This article contains affiliate links. If you sign up or make a purchase using these links, we may earn a commission at no extra cost to you. Our recommendations are based on independent research and analysis to provide you with the most accurate information possible.
TL;DR
- BYDFi and Phemex are the two top platforms that offer easy-to-use and dynamic stop loss and trailing SL.
- Picking a crypto exchange with stop loss and trailing SL features is super important for managing risk and making sure you don’t lose too much when trading.
- Our team looked at more than 20 exchanges, checking things like how easy they are to use, how accurate they are, and how well they work in different market conditions, to bring you the best options for your trading needs.
Review of 5 crypto exchanges with stop loss
1. BYDFi – Top crypto exchange with stop loss overall
BYDFi, a crypto exchange with stop loss and trailing stops established in 2020, is designed to cater to both novice and experienced traders. With a clear and straightforward user interface and feature set, it allows crypto newcomers to navigate trading without feeling overwhelmed.
The platform supports spot trading across three tiers, catering to varying levels of experience: the basic “Classical” tier provides a simplified user interface for beginners; the “Advanced” tier features enhanced charting tools and a more detailed dashboard for those seeking comprehensive analytics; and the “Convert” tier facilitates seamless stablecoin conversion.
BYDFi stands out by providing both stop-loss and trailing stop-loss features, which are valuable tools for crypto traders. They can be easily accessed directly through the platform’s trading interface, making them simple to set up and use.
In addition, the platform offers perpetual contracts with leverage up to 200x, it’s a good exchange to short crypto. Alongside leveraged tokens that offer traders simple exposure to leverage without managing complex margin trades.
One standout feature is BYDFi’s copy trading, which allows less experienced users to mirror the strategies of successful traders, thus earning master traders extra income and fostering a collaborative trading environment.
Fees are competitive across the board, with a 0.1% spot trading fee and 0.02% fee for perpetual contracts and leveraged tokens. Security measures include two-factor authentication, email binding, and IP whitelisting to ensure accounts remain protected.
Customer support is robust, with live chat, email, and a comprehensive FAQ section to resolve common inquiries.
The exchange also maintains compliance with international KYC and AML standards, bolstering its credibility and regulatory standing. However, it could improve by adding more educational resources and advanced financial features such as staking. Nonetheless, BYDFi remains an appealing choice due to its global regulatory licenses and a comprehensive trading ecosystem that balances simplicity and advanced tools.
2. Phemex – Best alternative crypto exchange and app
Phemex is a new Bitcoin derivatives exchange which offers stop loss and trailing SL orders and aims to provide high-level trading for everyone. It was started by former Morgan Stanley executives and launched in Singapore in November 2019.
Phemex focuses on being user-friendly and recently added the LINK/USD trading pair because the community asked for it. The platform has quickly attracted thousands of users worldwide and aims to have two million registered users by the end of 2025.
New users can get big bonuses for doing things like opening an account and posting on social media. Phemex doesn’t charge for deposits, and the trading fees are -0.025% for makers and 0.075% for takers. There is a flat withdrawal fee of 0.0005 BTC for bitcoin withdrawals. Signing up is simple, and the platform offers trading on both desktop and mobile with various tools for technical analysis. However, it doesn’t support fiat trading, options trading, or crypto-to-crypto pairs.
Phemex supports several trading pairs like BTC/USD and ETH/USD, with leverage up to 100x. It provides risk management tools like sub-account isolation and stop-loss orders. Security features include a hierarchical Deterministic Cold Wallet System and AWS Cloud for server security, with withdrawal requests processed three times a day.
Phemex competes with exchanges like Bybit and BitMEX, offering customer support through a direct line to the CEO on Telegram. Its affiliate program offers a 50% commission on fees generated by referrals. With its user-friendly platform and growth-focused approach, Phemex is a promising option for crypto derivatives trading.
3. MEXC – Lowest fees crypto exchange for market makers
MEXC, which started in 2018, is quickly becoming a favorite exchange with stop loss and trailing stop loss orders among crypto traders. Why? Because it has some of the lowest fees around, making it a top pick for market makers who want to save money. MEXC doesn’t charge any fees for spot trading on all trading pairs. This is a big deal compared to other exchanges like Binance and Coinbase, which still have fees even with discounts.
What makes MEXC really cool is how many different cryptocurrencies you can trade. They have almost 2,000 types of crypto and over 2,350 trading pairs. That means you can find and trade almost any coin you’re interested in. Plus, the exchange has super high liquidity, which means it’s easy to buy and sell quickly without affecting the price too much.
MEXC is also super fast. Its trading engine can handle up to 1.4 million orders per second. This speed is great for market makers who need to execute trades quickly and efficiently. And if you want to trade crypto futures, MEXC charges only a tiny taker fee of 0.010%, which is way lower than most other platforms.
Safety is another big plus.
MEXC uses strong security measures like two-factor authentication (2FA) and a mix of cold and hot wallets to keep your funds safe. Even though there have been some issues with customer service and regulatory warnings, MEXC still stands out because of its super low fees and huge selection of trading options.
For those who love bonuses and competitions, MEXC often runs events where you can earn extra crypto. When you sign up, you can get a 1,000 USDT bonus by completing tasks like making transfers and trading. They also have regular competitions with big prize pools.
Overall, MEXC is a great choice if you’re looking to trade a wide variety of cryptocurrencies at very low fees. It’s especially good for market makers who need the fastest crypto trading platform for efficient trading with high liquidity. So, if you’re looking to save money and trade lots of different cryptos, MEXC might be the perfect exchange for you.
4. BTCC – Highest leverage crypto exchange available in the US
BTCC is one of the biggest cryptocurrency trading platforms with stop loss orders out there. Originally based in Hong Kong, this exchange has had a lot of ups and downs because of changing Chinese regulations. Despite these challenges, BTCC has managed to stay reliable and is now available in the United States, giving American traders a chance to use a platform known for its high leverage options.
BTCC was founded in 2011 by Bobby Lee, who is the brother of Charlie Lee (the guy behind Litecoin). Over the years, BTCC became China’s largest cryptocurrency exchange. Even though it had to stop accepting Yuan deposits a few times, BTCC has moved to the U.S. market, where it only deals in USD. This change helps BTCC avoid the regulatory issues it faced before and sets it up to become popular in its new home.
On BTCC, users can use different types of trading orders like market orders, limit orders, stop orders, and One Cancels Other (OCO) orders, all through a simple interface. The platform also supports stop-loss and trailing stop-loss orders, which are crucial for managing risk and protecting your investments.
BTCC mainly supports major cryptocurrencies like Bitcoin and Ethereum, focusing on making trading easy rather than offering a huge variety of digital assets. This makes it straightforward for users who are interested in the main cryptocurrencies.
BTCC’s fees are pretty low, which is great, especially considering the high leverage it offers. The exchange also has its own multi-currency wallet, which adds to its convenience and security. Although it supports only a few currencies and has high withdrawal fees, its strong customer service and good security make it a solid choice for traders.
As BTCC starts its new chapter in the United States, it offers great benefits, especially for those looking for high leverage trading. While the future of BTCC in China is still uncertain, its long history of good service and ability to adapt means it has a promising future in the world of cryptocurrency.
5. Binance – Biggest crypto exchange with highest volume
Binance, a crypto exchange with stop loss and take profit orders, started in 2017 by Changpeng Zhao, a Chinese-Canadian entrepreneur, has quickly become one of the most popular platforms for cryptocurrency trading. Its headquarters are in Malta, but it also has offices in Japan, Singapore, and the United States. Binance handles a huge daily trading volume of over $2 billion, making it one of the biggest exchanges in the world.
One of the reasons Binance is so popular is its low trading fees. They only charge 0.1% for both buying and selling, which is way lower than many other exchanges. Plus, if you use their own cryptocurrency, Binance Coin (BNB), you get a 25% discount on these fees. However, one downside is that Binance doesn’t support buying crypto with regular money like dollars or euros, which can be inconvenient for some people.
Security is super important for any crypto exchange, and Binance had a major hack in 2019 where over $40 million worth of Bitcoin was stolen. Since then, they’ve improved their security a lot. They now have two-factor authentication, a Secure Asset Fund for Users (SAFU) to cover any potential losses from hacks, and they keep most of the user funds in cold storage (offline) to protect them from hackers.
Another cool feature Binance offers is stop-loss and take-profit orders. These tools help traders manage their risks and lock in profits. A stop-loss order automatically sells your cryptocurrency if the price drops to a certain level, preventing bigger losses. On the other hand, a take-profit order sells your cryptocurrency when the price reaches a certain level, ensuring you secure your gains.
Overall, Binance is a great choice for anyone interested in trading cryptocurrencies. It’s a low fee crypto exchange, a wide selection of over 200 different cryptocurrencies, and strong security measures to keep users’ funds safe. Whether you’re just starting out or you’re an experienced trader, Binance offers a reliable and efficient platform for all your crypto trading needs.
What is a stop loss?
A stop loss is like having a safety net for your crypto investments. It’s an order you set up that automatically sells your cryptocurrency if its price drops to a certain point. This helps protect you from losing too much money if the market suddenly turns against you.
Think of it as a way to set a limit on how much you’re willing to lose on a trade. If the market price hits your stop level, your crypto gets sold automatically, so you don’t have to worry about constantly monitoring the market. Using a SL is a smart move to manage risk and keep your investment strategy on track, even when the market is unpredictable.
How to use a stop loss in crypto trading?
Using an SL when you’re trading cryptocurrencies can help you manage risks better. Here’s how to do it, step by step:
- Choose crypto exchange: First, you need an account on a crypto exchange that lets you set stops, like Binance or Coinbase Pro. If you don’t have an account, sign up and get through any necessary verifications.
- Create account and log in: Once your account is set up, log in with your details. Don’t forget to use two-factor authentication (2FA) for extra security.
- Choose your crypto pair: Head over to the trading area and select the pair you want to trade, like BTC/USDT if you’re trading Bitcoin for USDT.
- Find the stop-loss: Look for the section where you can place stop-loss orders. It might be called “Stop Limit” or “Stop Market”.
- Set your SL price: This is the crucial part. The stop price is where your SL activates. If Bitcoin is at $50,000 and you don’t want to lose too much if it drops, you might set your stop at $48,000.
- Choose limit price: If you’re doing a stop-limit order, you also need to set a limit price. This is the least amount you’re willing to sell your crypto for after the stop is triggered. Maybe put this at $47,500.
- Decide the amount: Type in how much crypto you want to sell if the stop loss hits. If it’s 1 BTC, just enter “1 BTC”.
- Double-check and place your order: Check all the details of your stop-loss order like the stop price, limit price, and the amount. Hit “Place Order” or “Submit” to set it up.
Using it is a smart way to handle your trades without stressing too much. Always adjust your orders based on what the market is doing and your own comfort with risk.
How we check and test stop losses
When we review crypto exchanges, we make sure to thoroughly check out how they handle stop loss and trailing SL orders. These are super important tools for keeping your investments safe.
Here’s how we go about testing them:
- Do they have stop loss and trailing SL?
First off, we check if the exchange even offers both options. Not every platform has these, so it’s important to know who does and who doesn’t.
- How easy are they to use?
Next, we see how easy it is to set these orders up. This means:
- Going to the trading section
- Picking a cryptocurrency to trade
- Setting up a SL order
- Adjusting the settings for a trailing SL
We want it to be straightforward and user-friendly.
- Do they work correctly?
To make sure these features actually work, we do some test trades:
- Stop loss orders: We set SL orders at different prices to see if they trigger correctly when the market hits those prices.
- Trailing orders: We set trailing stops with different trailing amounts to check if they follow the market and execute properly when the price reverses.
- Are they accurate?
Accuracy is key. We compare the executed prices with the prices we set to see if there are any big differences. A small difference might be okay because of market changes, but big differences are a problem.
- Can you customize them?
We look at how customizable these orders are:
- Can you set different types of stop losses, like fixed or percentage-based?
- Are there advanced options for more control?
We prefer platforms that let you customize the order types.
- Do they update in real time?
We check how quickly the platform updates the status of stop loss and trailing stops orders. Real-time updates are important so you always know what’s happening with your trades.
- How do they perform under different market conditions?
We test these features under various market conditions, including high volatility, to see how well the platform handles rapid price changes. This helps us determine if the exchange’s order execution system is solid.
By testing stop loss and trailing features, we ensure that the exchanges we recommend offer reliable and effective tools for managing your trades and protecting your investments.
What is the best stop loss strategy for crypto?
Ever watched your crypto investment drop in value and wished you had a safety net to catch it? That’s exactly what an SL can be—a financial safety net that saves you from big losses during those wild market swings.
So, what’s the best SL strategy to use when you’re trading cryptocurrencies? Let’s dive in!
- Set at a percentage
One of the most straightforward strategies is the percentage stop loss. Here’s the deal: you pick a percentage of your investment (like 5% or 10%) that you’re okay with losing, and set your SL order to sell off your crypto if the price drops by that much. It’s simple and keeps things automatic, so you don’t have to watch the market every second.
- Use a technical stop
For those who love a bit more analysis, a technical SL could be your thing. This strategy involves using technical indicators like moving averages, support levels, or resistance levels to set stops.
For instance, if the price falls below a key support level, it might be a sign to set a stop loss just below that to avoid potential bigger drops.
- Use a trailing stop
Want to lock in profits while protecting against losses? That’s where trailing stops come into play. You set a SL at a certain percentage below the market price, and it moves up with the price.
So, if the price goes up, your stop loss goes up too, but if the price starts to fall, the SL stays in place and will trigger if the price hits that level. It’s like having your cake and eating it too—you secure profits and limit losses.
- Combine strategies
No rule says you can’t mix and match these strategies to suit your trading style and goals. You might use a percentage SL for part of your investment and a technical SL for another part based on different levels of risk you’re willing to take on.
Combining strategies can offer more nuanced control over your investments and can adapt to different market conditions.
The best strategy for you depends on your risk tolerance, investment size, and how actively you want to manage your trades.
FAQ
What is a good percentage of stop loss in crypto?
A good percentage for a stop loss in crypto is typically between 5% to 10%, but it depends on your risk tolerance and trading strategy.
Does Binance allow stop loss?
Yes, Binance allows SL orders, which you can set up using the stop-limit feature.
Does Coinbase allow stop loss?
Yes, Coinbase Pro allows SL orders to help manage your trades and minimize potential losses.
Does Kraken have stop loss?
Yes, Kraken offers SL orders to help protect your investments from significant price drops.
Conclusion
Finding the right crypto exchange with stop loss and trailing features can be a game-changer for your trading strategy. These tools act like automated safety nets, protecting your investments and locking in gains even when you’re not actively trading.
Our team has rigorously reviewed over 20 exchanges, evaluating key aspects like ease of use, accuracy, customization options, and performance under different market conditions. We’ve highlighted five top exchanges that excel in providing these essential features, making it easier for you to trade confidently and efficiently.
Whether you’re a beginner or an experienced trader, using exchanges with robust capabilities can help you manage risks and maximize your returns. Dive into our recommendations and start trading smarter today!
