The TWAP (Time Weighted Average Price) is a tool on Binance that allows traders to buy or sell an asset at a more consistent price. It does this by taking the average price of the asset over a certain period of time.
This period can be as short as one minute or as long as 24 hours.
The TWAP can be used to buy or sell any asset that is listed on Binance. To use the TWAP, traders first need to select the asset they want to trade.
NOTE: This is a warning note to inform you that the phrase ‘What Is TWAP in Binance?’ is a technical term related to trading activities and should not be used by individuals who do not have prior knowledge and experience in trading. Please be sure to consult a professional trader or financial advisor if you are not familiar with the term before attempting to use it. Failure to do so may result in financial losses.
They then need to choose the time period they want the TWAP to cover. Once these two parameters have been set, the TWAP will execute the trade at the average price of the asset during that time period.
The TWAP is a useful tool for traders who want to buy or sell an asset but don’t want to have to worry about large price fluctuations. It can also be used to reduce the impact of slippage, which is when an order is filled at a different price than what was originally quoted.
The TWAP is just one of many tools that Binance offers its users. Others include the stop-limit order, which lets traders set a limit on how much they’re willing to pay for an asset, and the trailing stop, which automatically sells an asset when it reaches a certain price.
10 Related Question Answers Found
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