What factors should I consider when calculating slippage in the world of cryptocurrencies?

1 answers

• Andrew LeonardOct 27, 2020 · 6 years ago
  When 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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