The Stop Loss feature on the Binance platform is an important tool to protect your investments from significant losses. You can use this feature to set a specific price at which the currency will be automatically sold if the price drops to this level. Here are simple steps to use the Stop Loss on Binance:
1. **Log in to the Binance platform**.
2. **Go to the Spot Trading interface**.
3. **Select the trading pair** (like BTC/USDT).
4. **Select "Stop-Limit" in the order type**.
5. **Fill in the following fields**:
- **Stop (Stop Price)**: The price at which the order is activated.
- **Limit (Limit Price)**: The price at which the order is executed.
- **Amount**: The quantity you want to sell or buy.
6. **Click the "Sell" or "Buy" button**.
Example: If you bought a currency at a price of $10 and want to set a stop loss at $9, you can set the stop price at $9.10 and the limit price at $9.