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How can iceberg orders help traders to minimize slippage in cryptocurrency trading?

avatarandrei neaguDec 16, 2021 · 3 years ago1 answers

What are iceberg orders in cryptocurrency trading and how can they help traders reduce slippage?

How can iceberg orders help traders to minimize slippage in cryptocurrency trading?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we understand the importance of minimizing slippage in cryptocurrency trading. Iceberg orders are one of the tools that traders can use to achieve this goal. By splitting large orders into smaller visible orders, traders can avoid causing significant price movements and reduce slippage. This strategy is especially beneficial for traders who trade large volumes and want to minimize the impact of their orders on the market. With iceberg orders, traders can execute their trades more effectively and achieve better results.