Spot trading stop-loss and take-profit protect your investments automatically. Visit the Binance Official website or Binance Official APP. iPhone users can check the iOS Installation Guide.
How to set up: On the spot trading page, select "Stop-Limit" or "OCO" (One-Cancels-the-Other) order type. For stop-loss: set a trigger price (stop price) and the limit price at which to sell. When market price hits the trigger, your sell order activates. For OCO: set both a take-profit limit sell and a stop-loss simultaneously — whichever triggers first cancels the other. This is the most comprehensive approach.
Example: You bought BTC at $60,000. Set take-profit at $66,000 and stop-loss at $57,000 via OCO. If BTC rises to $66,000, it sells for profit. If it drops to $57,000, it sells to limit loss. Either way, you don't need to watch the screen.
Q: Does spot trading have auto stop-loss like futures?
A: Spot doesn't have the same built-in TP/SL interface as futures, but Stop-Limit and OCO orders achieve the same result. The key difference: spot can't be liquidated, so stop-losses are optional but recommended for risk management.