How to set price alerts on Binance

By enabling price alerts on Binance, traders can receive timely notifications when cryptocurrency prices reach specified levels, helping them stay informed about market fluctuations and make informed trading decisions.

Feb 04, 2025 at 10:12 am

Key Points:

• Step 1: Enable Price Alerts
• Step 2: Create a Price Alert with Basic Options
• Step 3: Create a Price Alert with Advanced Options
• Step 4: Monitor and Manage Price Alerts
• Step 5: Understand Price Alert Limitations

Detailed Guide:

1. Enable Price Alerts

• Navigate to the Binance.com website or mobile app.
• Sign in to your account.
• Click on the "Preferences" icon on the top right corner.
• From the left-hand menu, select "Trading."
• Under "General Settings," find the section labeled "Price Alerts."
• Toggle the "Enable Price Alerts" switch to activate the feature.

2. Create a Price Alert with Basic Options

• Click on the "Create Price Alert" button.
• Select the cryptocurrency pair you want to monitor.
• Choose the "Trigger Condition": Price increases ("Above") or decreases ("Below").
• Enter the desired price trigger level.
• Select the frequency: "Daily," "Weekly," or "Monthly."
• Customize the notification method: Email or SMS (if supported).
• Click "Create Alert" to save the settings.

3. Create a Price Alert with Advanced Options

• Click on the same "Create Price Alert" button as in Step 2.
• Select the cryptocurrency pair.
• Toggle on the "Advanced Settings" option.
• Enter the price trigger level (as in the basic options).
• Set the "Trigger Period": The duration (in minutes) that the price must stay above or below the trigger level for the alert to be sent.
• Choose the "Close Condition": Select when the price alert should be closed (when the price crosses a specific level, after a set timeframe, or manually).
• Set the "Notification Options": Adjust the SMS and email notifications.
• Customize the "Additional Settings": Include additional conditions such as maximum price change, or enable "Notifications after a Specific Time."

4. Monitor and Manage Price Alerts

• After creation, price alerts can be viewed in the "Price Alerts" section of the account preferences.
• Modify existing alerts by clicking on the edit icon (pencil).
• Suspend alerts temporarily or delete them using the corresponding options.
• Check the status and history of alerts to see past notifications.

5. Understand Price Alert Limitations

• Alerts are triggered based on the price data provided by the Binance platform.
• The actual execution price may vary due to market fluctuations.
• Alerts may not be sent due to network issues or temporary service outages.
• It is recommended to regularly monitor alerts and adjust settings as needed.

FAQs:

• What cryptocurrency pairs can I set price alerts for?

  • Binance supports price alerts for most cryptocurrency pairs available on the platform.

• How often can I receive price alerts?

  • You can set alerts to be triggered "Daily," "Weekly," or "Monthly."

• Can I set multiple price alerts for the same cryptocurrency pair?

  • Yes, you can create multiple alerts with different price trigger levels and conditions.

• Can I receive price alerts for coins that I do not own?

  • Yes, you can set alerts for any cryptocurrency pair, regardless of whether you hold the coins.

• Are price alerts free to use?

  • Binance does not charge any fees for using the price alert feature.

• How do I cancel a price alert?

  • To cancel an alert, navigate to the "Price Alerts" section in account preferences and click on the trash icon.

• Are price alerts reliable?

  • Price alerts are generally reliable, but may not be triggered in certain market conditions or due to technical issues.