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Steve
@stevebeachy
Crypto Lesson with /sense What is slippage in a crypto transaction ? Slippage in a crypto transaction refers to the difference between the expected price of a trade and the actual price at which it is executed. 🔍 Why Does Slippage Happen? Market Volatility Crypto prices can change rapidly. If the market moves while your order is being filled, you may end up buying or selling at a worse price than expected. Low Liquidity If you're trading a large amount or using a token with low trading volume, there may not be enough buyers or sellers at your desired price. Your order "eats through" the available orders, moving the price. Order Type Market Orders are most vulnerable to slippage because they execute immediately at the best available price even if it's significantly different than expected. Limit Orders can avoid slippage, but may not fill if the market doesn’t hit your specified price.
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Natalia🎩💜
@tashacrypt.eth
Thank you very much for explaining it in such detail🫶🫶
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Steve
@stevebeachy
You’re very welcome ! 🙏🥰
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