How can I auto-sell crypto after placing a market order?

This article explains how to use the auto-sell feature in the Bitvavo app to manage your risk. You will learn how to set up take profit and stop loss limits immediately after placing a market order.

The auto-close feature helps you manage risk by automatically closing your position at a price level you decide in advance. While setting up your position, you can add two types of limits:

• Take profit: Automatically closes your position when you reach your target return level. This helps you lock in your earnings.
• Stop loss: Automatically closes your position to prevent further losses if the market moves against you.

Set up auto-sell

App

You can enter the auto-sell flow immediately after completing a trade.

1. Place a market order in the Bitvavo app.
2. On the order confirmation screen, tap "Auto-sell".
3. Enter your desired price levels for a take profit or stop loss.
4. Confirm your settings.

Cancel an auto-sell order

You can close the auto-sell by canceling the take profit or stop loss in your open orders overview.

1. Go to your open orders overview.
2. Locate the active take profit or stop loss order.
3. Cancel the order to remove the auto-sell limits.

Frequently asked questions