What is slippage?

Slippage refers to the difference between the expected price of a Convert transaction and the actual price at which it is executed. This often occurs in volatile markets or with cryptocurrencies that have low liquidity. For instance, if you intend to buy BTC at $30,000 but it gets executed at $30,100 due to price changes in the interim, the $100 difference is called slippage. It can be either positive (where you get a better price) or negative (where you get a worse price).