What’s a Stop Order?

A Stop Order lets you set conditions for buying or selling BTC based on price movements. It’s a bit like combining a stop order and a limit order to give you more control.

Example:
Imagine BTC is currently at MYR 130,000. You think if it hits MYR 135,000, it could keep going up, so you want to buy in at that level—but only if you can get it for MYR 136,000 or less.

Here’s how you’d set it up:

• Stop Price: MYR 135,000 (the price that "triggers" your order).
• Limit Price: MYR 136,000 (the max price you're willing to pay).

If BTC hits MYR 135,000, the stop price triggers your order, but it will only fill if it can do so at MYR 136,000 or lower. If BTC jumps above MYR 136,000 right away, your order won’t fill.

Stop limit orders are great for managing risk and controlling the price you pay, but there's a chance it won’t execute if the price moves too quickly past your limit.