On-Chain Token Trading: Orders, Fees, Slippage, and Risk Controls
Summary
This guide explains a platform workflow for buying and selling on-chain tokens using assets held in an exchange account. Trades settle on the blockchain, so execution depends on network conditions and decentralized exchange activity; the quoted price can differ from the final fill. Market orders seek immediate execution, while limit orders use a trigger price but are ultimately submitted as market orders, leaving room for slippage.
The guide distinguishes network gas costs, platform transaction fees, and token-specific taxes. It describes slippage tolerances and priority settings that trade off execution likelihood against cost, then outlines preset and position-level take-profit and stop-loss controls, a rule that sells half a position when price reaches twice average entry, and a one-tap full-position sale. These are platform feature descriptions, not a tested strategy. Actual execution prices can vary, low tolerances may leave trades unfilled, and network congestion or token taxes can materially affect outcomes.
Key ideas
- On-chain trades incur blockchain settlement delays and execution prices may differ from displayed quotes.
- Market orders execute at prevailing prices, while triggered limit orders are submitted as market orders and can slip.
- Total trading costs can include network fees, platform fees, and taxes imposed by token developers.
- Slippage tolerance and priority settings affect execution probability, network cost, and price deviation.
- Preset exits and position-level controls automate trade management, but their fills can differ from trigger prices.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.