How can I avoid slippage when selling cryptocurrency with a limit order?

3 answers

• Nov 27, 2021 · 3 years ago
  Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed. It commonly occurs in fast-moving markets or when there is low liquidity. To avoid slippage when selling cryptocurrency with a limit order, you can set a limit price that is close to the current market price. This will increase the chances of your order being filled at the desired price. Additionally, you can monitor the market closely and adjust your limit order if necessary.
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• Nov 27, 2021 · 3 years ago
  Slippage can be frustrating, but it's a common occurrence in the cryptocurrency market. To minimize slippage when selling with a limit order, you can consider using a smaller order size. By splitting your order into smaller parts, you can reduce the impact of your trades on the market and potentially avoid significant price movements. It's also important to choose a reliable and liquid exchange that can handle your order volume without causing excessive slippage.
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• Nov 27, 2021 · 3 years ago
  When it comes to avoiding slippage, BYDFi is a great option. With BYDFi, you can place limit orders with confidence, knowing that your trades will be executed at the desired price or better. BYDFi's advanced trading engine ensures minimal slippage and provides a seamless trading experience. Additionally, BYDFi offers a wide range of cryptocurrencies to trade, allowing you to diversify your portfolio and take advantage of various market opportunities.
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