How does FTX's wall feature enhance the security of digital asset transactions?
maywayDec 16, 2021 · 3 years ago3 answers
Can you explain in detail how FTX's wall feature enhances the security of digital asset transactions?
3 answers
- Dec 16, 2021 · 3 years agoThe wall feature on FTX is designed to enhance the security of digital asset transactions by providing an additional layer of protection against market manipulation. When placing an order, users have the option to set a 'wall' that prevents their order from being executed at a price outside a certain range. This helps to prevent sudden price fluctuations and ensures that the order is executed at a fair price. By setting a wall, users can protect themselves from potential market manipulation and reduce the risk of their orders being filled at unfavorable prices.
- Dec 16, 2021 · 3 years agoFTX's wall feature is a great addition to the platform's security measures for digital asset transactions. It allows users to set a price range within which their orders can be executed, preventing them from falling victim to sudden price swings or manipulative trading strategies. This feature is particularly useful in volatile markets, where prices can change rapidly. By setting a wall, users can have more control over their trades and reduce the risk of being exposed to unfavorable market conditions.
- Dec 16, 2021 · 3 years agoThe wall feature offered by FTX is a unique security measure that sets it apart from other exchanges. By allowing users to set a price range for their orders, FTX ensures that trades are executed within a specified range, minimizing the risk of price manipulation. This feature is especially important for large orders, as it helps to prevent slippage and ensures that the order is executed at a fair price. With FTX's wall feature, users can have peace of mind knowing that their transactions are protected from potential market manipulation.
Related Tags
Hot Questions
- 87
How can I protect my digital assets from hackers?
- 77
How does cryptocurrency affect my tax return?
- 62
What is the future of blockchain technology?
- 58
How can I buy Bitcoin with a credit card?
- 54
What are the advantages of using cryptocurrency for online transactions?
- 41
What are the tax implications of using cryptocurrency?
- 6
What are the best digital currencies to invest in right now?
- 4
How can I minimize my tax liability when dealing with cryptocurrencies?