🎯 Today's term from the world of Binance: "Slippage" 🌀
Have you ever encountered a situation where you requested to buy or sell a currency at a certain price… but the transaction was executed at a different price? 🤔
This difference is known as price slippage – Slippage, and it is common in the trading world, especially with cryptocurrencies.
💡 What is Slippage?
It is the difference between the expected price for executing a transaction and the actual price at which it was executed.
📉 It often occurs in two situations:
1. The market is fast and volatile 🔥
2. Liquidity is low and demand is high or supply is low 💧
🧠 A simple example for clarification:
You wanted to buy BTC at a price of $67,000, but the transaction was executed at $67,050$ — the difference of 50$ is the slippage.
📌 Golden tips to avoid it:
Trade during high activity times (especially during market overlaps) ⏰
Use Limit orders instead of Market orders 💼
🌟 A professional touch:
In Binance, controlling "slippage" is important, especially for professional traders and investors dealing with large quantities. Every point matters. 😉
✨ Have you faced this situation before? Share your experience or inquiry in the comments below👇
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