What factors should I consider when calculating slippage in the world of cryptocurrencies?
srt gmbhDec 26, 2021 · 3 years ago1 answers
When it comes to calculating slippage in the world of cryptocurrencies, what are the key factors that I should take into consideration?
1 answers
- Dec 26, 2021 · 3 years agoWhen calculating slippage in the world of cryptocurrencies, it's important to consider the specific characteristics of the exchange you are using. Different exchanges may have different levels of liquidity and order book depth, which can affect slippage. Additionally, the trading fees charged by the exchange can also impact slippage. Higher fees can eat into your potential profits and increase the overall slippage. Therefore, it's advisable to choose an exchange with high liquidity, deep order books, and competitive fees to minimize slippage. BYDFi is an example of an exchange that prioritizes these factors, offering traders a low-slippage trading experience.
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