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Trading 101: How STOP Works on Exchanges

October 10, 2025
7 min
Trading 101: How STOP Works on Exchanges

Get familiar with token listings and learn safe trading basics.

Important Note Before You Start

This article is educational. It explains common concepts related to tokens and exchanges. It is not financial advice. Prices can move in both directions, and you are always responsible for your own decisions.

What It Means When STOP Is Listed

When a token like STOP is listed on an exchange, it means people can trade it - buy, sell, and swap it with other assets. LETSTOP focuses on rewarding safe driving with credits that can be converted to STOP, while exchanges handle the market side.

  • The app is for driving, scoring, and earning credits
  • Exchanges are for trading STOP with other tokens or currencies
  • You can choose to keep STOP in your wallet without trading at all

    • Centralized Exchanges and Accounts

    Most people interact with STOP through centralized exchanges, also called CEX platforms. They usually require an account and identity verification.

  • You sign up using email and sometimes phone verification
  • You may need to complete identity checks, depending on the platform
  • Once set up, you can deposit and withdraw supported tokens

    • Each exchange has its own interface and rules, so reading their help sections is important.

    Moving STOP From Your Wallet to an Exchange

    If you decide to trade, you may need to move STOP from your LETSTOP connected wallet to an exchange deposit address.

  • Find your STOP deposit address on the exchange - it must be compatible with Solana tokens
  • Copy the address carefully, checking every character
  • From your wallet, send a small test amount of STOP first
  • After confirming it arrived, you can move larger amounts if you still want to

    • Always double check that you are using the correct network and token type supported by that exchange.

    Basic Order Types

    On most exchanges, you will see at least two common order types.

  • Market order - buys or sells immediately at the best available price
  • Limit order - lets you choose a price and only executes if the market reaches that level

    • Market orders are simple but can fill at slightly different prices than you expect. Limit orders give more control but may not execute if the price never reaches your target.

    Trading Risks and Good Practices

    Trading tokens carries risk. Prices can go up or down quickly and there are no guaranteed outcomes.

  • Only move amounts you are comfortable with and can afford to risk
  • Use strong security on your exchange account - for example, two factor authentication
  • Beware of scam messages or fake support requests asking for your password or recovery phrase
  • Take time to learn how your chosen exchange works before placing larger orders

    • It is completely fine to use LETSTOP only for driving and rewards, without trading at all. Trading is optional.

    Keeping the Focus on Safe Driving

    The core idea of LETSTOP stays the same even when STOP appears on exchanges - your driving habits come first. Trading is an extra layer for users who understand the risks and want to explore the token side. You can always choose to stay focused on earning credits and enjoying in app rewards.

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