{"id":1752,"date":"2021-07-05T15:50:39","date_gmt":"2021-07-05T13:50:39","guid":{"rendered":"https:\/\/simplecryptoguide.com\/?page_id=1752"},"modified":"2026-10-24T14:35:09","modified_gmt":"2026-10-24T12:35:09","slug":"licitatie-cum-este-intinderea-si-slippage-explicate","status":"publish","type":"post","link":"https:\/\/simplecryptoguide.com\/ro\/bid-ask-spread-and-slippage-explained\/","title":{"rendered":"Spread-ul \u0219i slippage-ul explicate"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#f4f6f7&#8243; custom_padding=&#8221;36px||36px||true|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;2_3,1_3&#8243; module_class=&#8221;scg-cornerstone-hero&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;2_3&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||20px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<div style=\"font-size:14px\"><nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav><\/div>\n[\/et_pb_text][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_font_size=&#8221;44px&#8221; header_line_height=&#8221;1.15em&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||20px||false|false&#8221; header_font_size_phone=&#8221;34px&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h1>Bid-Ask Spread and Slippage Explained<\/h1>\n<p>The displayed token price is only the starting point. Learn how spread, available liquidity and order size affect what you actually pay, using a simple order book you can calculate yourself.<\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_image src=&#8221;https:\/\/simplecryptoguide.com\/wp-content\/uploads\/2026\/10\/blockchain-explained-connected-blocks.png&#8221; alt=&#8221;Blockchain explained: connected blocks in a blockchain network&#8221; title_text=&#8221;Blockchain explained: connected blocks in a blockchain network&#8221; align=&#8221;center&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; max_width=&#8221;260px&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;200px&#8221; max_width_last_edited=&#8221;on|phone&#8221; custom_margin=&#8221;0px|auto|0px|auto|true|true&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; background_color=&#8221;#f4f6f7&#8243; custom_margin=&#8221;0px||20px||false|false&#8221; custom_padding=&#8221;24px|24px|24px|24px|true|true&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|12px|12px|12px|12px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h3>Spread<\/h3>\n<p>The gap between the best buy offer (bid) and best sell offer (ask). It is separate from the exchange\u2019s trading fee.<\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; background_color=&#8221;#f4f6f7&#8243; custom_margin=&#8221;0px||20px||false|false&#8221; custom_padding=&#8221;24px|24px|24px|24px|true|true&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|12px|12px|12px|12px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h3>Liquidity<\/h3>\n<p>How much you can buy or sell near the current price. Examine the specific trading pair and venue, not just the token\u2019s market cap or daily volume.<\/p>\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; background_color=&#8221;#f4f6f7&#8243; custom_margin=&#8221;0px||20px||false|false&#8221; custom_padding=&#8221;24px|24px|24px|24px|true|true&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; border_radii=&#8221;on|12px|12px|12px|12px&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h3>Slippage<\/h3>\n<p>The difference between the price you expected and the price your trade achieves. Market movement and your own order\u2019s price impact can both contribute.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;spread-example&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#fff8d8&#8243; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;28px|28px|28px|28px|true|true&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;22px|20px|22px|20px|true|true&#8221; border_radii=&#8221;on|14px|14px|14px|14px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Read the gap before you trade<\/h2>\n<table style=\"width:100%;border-collapse:collapse;font-variant-numeric:tabular-nums\">\n<caption style=\"text-align:left;font-weight:700;margin-bottom:14px\">Hypothetical top of the order book<\/caption>\n<thead>\n<tr>\n<th scope=\"col\" style=\"padding:12px 8px;text-align:left;border-bottom:2px solid #10202b\">Best bid<\/th>\n<th scope=\"col\" style=\"padding:12px 8px;text-align:left;border-bottom:2px solid #10202b\">Best ask<\/th>\n<th scope=\"col\" style=\"padding:12px 8px;text-align:left;border-bottom:2px solid #10202b\">Spread<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$0.98<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$1.00<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$0.02<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Using the midpoint as the reference: midpoint = ($0.98 + $1.00) \u00f7 2 = $0.99. Percentage spread = $0.02 \u00f7 $0.99 \u00d7 100 \u2248 2.02%. Other displays may divide by the ask instead, so compare like with like.<\/p>\n<p>Buying at $1.00 and immediately selling at $0.98 would lose $0.02 per token before fees, assuming enough liquidity and unchanged quotes. A narrow spread alone says little about how much volume sits behind it.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row custom_padding_last_edited=&#8221;on|phone&#8221; module_id=&#8221;liquidity-example&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#fff8d8&#8243; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;28px|28px|28px|28px|true|true&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;22px|20px|22px|20px|true|true&#8221; border_radii=&#8221;on|14px|14px|14px|14px&#8221; border_width_all=&#8221;1px&#8221; border_color_all=&#8221;#e5d89e&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Why a 100-token purchase costs more than $100<\/h2>\n<table style=\"width:100%;border-collapse:collapse;font-variant-numeric:tabular-nums\">\n<caption style=\"text-align:left;font-weight:700;margin-bottom:14px\">Sell orders available in our fictional market<\/caption>\n<thead>\n<tr>\n<th scope=\"col\" style=\"padding:12px 8px;text-align:left;border-bottom:2px solid #10202b\">Ask price<\/th>\n<th scope=\"col\" style=\"padding:12px 8px;text-align:left;border-bottom:2px solid #10202b\">Tokens<\/th>\n<th scope=\"col\" style=\"padding:12px 8px;text-align:left;border-bottom:2px solid #10202b\">Cost<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$1.00<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">30<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$30.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$1.02<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">40<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$40.80<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$1.05<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">30<\/td>\n<td style=\"padding:12px 8px;border-bottom:1px solid #ded9c4\">$31.50<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A market buy for 100 tokens consumes all three levels: $30.00 + $40.80 + $31.50 = $102.30. The weighted average is $102.30 \u00f7 100 = $1.023 per token, or 2.3% above the initial $1.00 ask. Trading fees are additional.<\/p>\n<p>This assumes the orders remain available and the venue executes the full order. Live books change; cancellations, competing orders and exchange protections can change the result. Try the same book with a <a href=\"https:\/\/simplecryptoguide.com\/exchange-order-types\/\">limit order<\/a> to see the price-versus-fill tradeoff.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||20px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Liquidity is specific to your trade<\/h2>\n<p>A token can have a large market capitalization but little available buying interest on the exchange you use. Yesterday\u2019s volume does not promise executable orders now. A market maker also takes inventory and execution risk; capturing the spread is not guaranteed profit.<\/p>\n<ul>\n<li>Inspect depth on the side your order will consume: asks for a buy, bids for a sell.<\/li>\n<li>Compare the intended amount with available volume across several price levels.<\/li>\n<li>Check the spread, trading fee and withdrawal cost separately.<\/li>\n<li>Consider whether you can accept a partial fill or wait for a limit order.<\/li>\n<\/ul>\n<p>Splitting an order can reduce its immediate size, but it does not guarantee a better total price. Later orders may face a different market, and repeated fees can matter.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||20px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>What changes on a decentralized exchange?<\/h2>\n<p>An automated market maker uses liquidity pools rather than the order book above. The swap changes pool balances, which affects its quote. Slippage tolerance limits how far execution may move from the quoted output; it is not an extra trading fee and does not remove price impact.<\/p>\n<p>Read the minimum received amount, price impact, network fee and route before approving. A failed swap can still consume a network fee. Increasing tolerance simply to force a trade through can permit a worse result. Continue with <a href=\"https:\/\/simplecryptoguide.com\/what-is-an-automated-market-maker-amm\/\">automated market makers<\/a> and <a href=\"https:\/\/simplecryptoguide.com\/what-is-a-liquidity-pool\/\">liquidity pools<\/a>.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||20px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Check the total, not just the headline price<\/h2>\n<p>For any platform, compare the actual pair and expected received amount. If you use <a href=\"https:\/\/accounts.binance.com\/en\/register?ref=RP2JHHRW\" rel=\"sponsored nofollow noopener\" target=\"_blank\">Binance<\/a>, inspect its current order book and fee tier. This is an affiliate link; we may earn a commission. The examples here are venue-neutral and do not promise execution.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; module_class=&#8221;scg-handbook scg-cornerstone&#8221; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;30px||30px||false|false&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;20px||20px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_row _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; width=&#8221;92%&#8221; max_width=&#8221;1100px&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.6&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Inter||||||||&#8221; text_text_color=&#8221;#354554&#8243; text_font_size=&#8221;17px&#8221; text_line_height=&#8221;1.7em&#8221; header_font=&#8221;Inter|700|||||||&#8221; header_text_color=&#8221;#10202b&#8221; header_2_font=&#8221;Inter|700|||||||&#8221; header_2_text_color=&#8221;#10202b&#8221; header_2_font_size=&#8221;30px&#8221; header_3_font=&#8221;Inter|700|||||||&#8221; header_3_text_color=&#8221;#10202b&#8221; custom_margin=&#8221;0px||20px||false|false&#8221; header_2_font_size_tablet=&#8221;&#8221; header_2_font_size_phone=&#8221;25px&#8221; header_2_font_size_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]\n<h2>Sources and further reading<\/h2>\n<p>Reviewed 24 October 2026. Examples are hypothetical and exclude fees unless stated. Platform features and supported networks can change.<\/p>\n<ul>\n<li><a href=\"https:\/\/support.binance.us\/en\/articles\/9842903-understanding-price-impact-and-slippage\" target=\"_blank\" rel=\"noopener\">Binance.US: price impact and slippage<\/a><\/li>\n<li><a href=\"https:\/\/www.binance.com\/en\/square\/post\/42833\" target=\"_blank\" rel=\"noopener\">Binance Academy: bid-ask spread<\/a><\/li>\n<li><a href=\"https:\/\/help.coinbase.com\/en\/coinbase\/trading-and-funding\/advanced-trade\/order-management\" target=\"_blank\" rel=\"noopener\">Coinbase: fills and open orders<\/a><\/li>\n<\/ul>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"<p>Bid-ask spread este diferen\u021ba dintre cel mai mic pre\u021b cerut pentru un activ \u0219i cel mai mare pre\u021b oferit. Activele lichide precum Bitcoin au un spread mai mic dec\u00e2t activele cu...<\/p>","protected":false},"author":1,"featured_media":3767,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[99],"tags":[111,108,110,109],"class_list":["post-1752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advanced","tag-bid-price","tag-bid-ask-spread","tag-liquidity","tag-slippage"],"_links":{"self":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts\/1752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/comments?post=1752"}],"version-history":[{"count":1,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts\/1752\/revisions"}],"predecessor-version":[{"id":18573,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/posts\/1752\/revisions\/18573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/media\/3767"}],"wp:attachment":[{"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/media?parent=1752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/categories?post=1752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simplecryptoguide.com\/ro\/wp-json\/wp\/v2\/tags?post=1752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}