When making a buy, sell, or swap transaction for a cryptocurrency experiencing high volatility or lack of liquidity, the operation could be executed at a quote price very different from the one indicated in the summary. This could also happen when the transaction you wish to perform involves a high amount.
When this happens and a high price impact due to slippage or market displacement is detected, the automated system will not allow you to complete the transaction in your Wallet, prompting you to enter a smaller amount for the purchase or to perform the transaction via Bit2Me PRO. The alert shown is as follows:
Price Protection This operation cannot be executed due to a high price impact that could result in considerable losses for you. Please enter a smaller amount. |
This usually happens when three different scenarios arise:
- When there is momentary high volatility in a cryptocurrency/token. This means there's a very high volume of transactions at that moment.
- When there is low liquidity. This situation occurs when few or no trades are recorded between different operations, causing very high spikes in a matter of seconds due to the low liquidity at that moment.
- When the transaction amount is too high.
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