How to set slippage in USDT transactions on Bitpie Wallet

June 05, 2025

Slippage is an important concept that cannot be ignored in cryptocurrency trading, as it directly affects the execution price of trades and the investment returns for users. When using the Bitpie wallet for USDT (Tether) transactions, understanding how to set slippage is an essential skill for every trader to ensure the best results in their trades. Setting slippage can help traders effectively protect their investments during market fluctuations.

Slippage

Slippage refers to the difference between the actual execution price and the expected execution price during a trade. In the trading market, prices are constantly fluctuating, so when a trader places an order, they may not be able to execute the trade at the set price due to rapid price changes. Slippage typically occurs in situations where the market is highly volatile and liquidity is low.

Types of Slippage

Forward slip pointThe actual transaction price is better than expected, meaning it is lower than the expected price when buying at a limit price or higher than the expected price when selling at a limit price.

How to set slippage in USDT transactions on Bitpie Wallet

Negative slippageThe transaction price is lower than expected, which means the actual transaction price is higher than the expected price when buying at a limit price or lower than the expected price when selling at a limit price. This is a situation that traders typically want to avoid.

Introduction to Bitpie Wallet

The Bitpie Wallet is a widely used cryptocurrency wallet that supports the storage and trading of multiple digital currencies. It is known for its user-friendly interface and powerful features, making it popular among many traders. The Bitpie Wallet allows users to conduct direct trades on the platform and also provides options for setting slippage to help users better manage risks in volatile markets.

The necessity of setting a slippage.

When trading USDT, especially in volatile markets, setting slippage is particularly important. By setting slippage reasonably, you can ensure that trades will not suffer significant losses due to the rapidly changing market conditions. Failure to set slippage may result in missing out on the best trading opportunities or being affected by unfavorable market prices.

Factors affecting slippage include market volatility, order size, liquidity, and the speed of order execution.

Market volatilityThe greater the market volatility, the higher the probability of slippage. Traders should adjust their slippage settings according to market conditions.

Transaction liquidityThe worse the liquidity, the higher the possibility of slippage. Good liquidity trading pairs are less likely to experience significant slippage.

Trading volumeLarge orders can cause significant slippage, especially in markets with low liquidity, when executed.

Set slippage in Bitpie Wallet

Setting slippage in the Bitpie wallet is relatively simple. Users only need to make the appropriate selections based on their transaction needs. Here are a few key steps to accomplish this process.

Step 1: Open the Bitpie wallet.

Users need to first ensure that their Bitpie wallet is installed and logged in. Once in the wallet interface, find the "Transaction" option and click to enter. Make sure that the USDT balance in the wallet is sufficient to complete the intended transaction.

Step 2: Choose a trading pair

In the trading interface, users need to select the trading pairs of USDT and other cryptocurrencies. The Bitpie wallet supports multiple types of trading, allowing users to freely choose the relevant pairs and understand the current market prices and historical fluctuations.

Step Three: Set the Slippage

Find the slippage setting option. This is usually provided as a slider or input box in the trading interface or order placement window.

Adjust the slippage range according to your needs. The common slippage range is 0.5% to 5%. A larger slippage range can increase the probability of successful trades, but it may also result in less than ideal execution prices.

Confirm settings and get ready to place an order. Once satisfied with the slippage settings, the user can proceed to place an order based on market conditions.

Step Four: Execute the Transaction

After setting the slippage, users can push orders based on actual conditions. After the transaction is executed, it is important to pay attention to the difference between the actual execution price and the expected price.

Tips for setting slippage in practical applications

Market researchBefore selecting a stop-loss, users need to conduct in-depth market research to understand the current price fluctuation range.

Batch tradingGiven the impact of trading volume on slippage, users can choose to split large trades into smaller ones to reduce the risk of slippage.

Real-time monitoringAfter setting the slippage, it is necessary to keep real-time monitoring of the market and adjust the slippage setting flexibly at any time.

Use limit orders reasonablyConsider using limit orders for trading, which can help to better control the slippage of each trade.

Alarm SettingsSet price alerts in the Bitpie wallet to make timely adjustments if the market fluctuates beyond the set slippage.

Frequently Asked Questions

What are the drawbacks of setting the slippage too high?

Setting the slippage too high can cause the trading price to deviate significantly from the expected price in a volatile market, which may expose investors to greater price risk.

When should I increase the slippage setting?

During periods of high market volatility, especially during news events, industry changes, or large fund entry, it is advisable to moderately increase the slippage setting to increase the probability of order execution.

What is the relationship between slippage and trading fees?

Slippage and trading fees are two different concepts. Slippage is caused by market execution price fluctuations, while fees are fixed charges collected by the platform. Slippage may indirectly affect trading costs by influencing the actual execution price.

How to choose the appropriate range for the slip setting?

The appropriate range for the slippage setting is usually between 0.5% and 5%. It is recommended to flexibly adjust it based on market conditions, trading volume, and liquidity to avoid setting it too high or too low.

How to avoid losses due to slippage?

It is recommended to use limit orders for trading, conduct timely partial trades, and maintain real-time monitoring of the market to reduce the risk of losses caused by slippage.

The above information highlights the importance of setting slippage for USDT transactions in the Bitpie wallet. Mastering this skill can not only help users avoid risks in cryptocurrency trading but also improve the success rate of transactions. It is hoped that every trader can make good use of the Bitpie wallet's features at the right time to better participate in market trading.