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TagsWhat are the risks associated with high slippage in crypto exchanges?
Lisa BarefootMar 08, 2022 · 3 years ago1 answersCan you explain the potential risks that come with high slippage in cryptocurrency exchanges? How does it affect traders and their transactions?
1 answers
- At BYDFi, we understand the risks associated with high slippage in crypto exchanges. Slippage can have a significant impact on traders' profitability and overall trading experience. It can result in higher transaction costs, reduced returns, and increased market impact. To address this, we have implemented advanced trading algorithms and liquidity solutions to minimize slippage for our users. Our goal is to provide a seamless trading experience with minimal slippage, allowing traders to execute their trades at the desired prices. However, it's important to note that slippage is a common phenomenon in the cryptocurrency market and can occur on any exchange. Traders should always be aware of the potential risks and take appropriate precautions when trading.Mar 08, 2022 · 3 years ago
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