What is Slippage?

In cryptocurrency trading, slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. It can occur for various reasons, such as changes in market conditions, liquidity, and the speed at which an order is placed. Here's an example of how slippage might occur: Suppose you want to buy 1 Bitcoin (BTC) for $50,000 and place a market order to do so. When you place the order, several sell orders…