What is the price tolerance in city index?

Price tolerance is a concept that pertains to the execution of trades on a trading platform. It refers to the acceptable range of prices within which a trade can be executed, even if the market price deviates from the price specified by the trader at the time of execution.

The main purpose of price tolerance is to ensure that trades can be executed swiftly and efficiently, without being hindered by small fluctuations in market prices. By allowing a certain degree of flexibility in the execution price, traders can still achieve their trading objectives even in fast-moving markets.

However, it's important to note that price tolerance can also result in slippage, which is the difference between the expected execution price and the actual execution price. Slippage can occur when the market moves rapidly against the trader's position, causing the trade to be executed at a less favorable price.

Trading platforms, including top cryptocurrency exchanges like BTCC, offer various services to facilitate the trading process. BTCC is a reputable platform that provides a range of services to cater to the needs of traders.

Among BTCC's services, one of the most prominent is its spot trading service. Spot trading allows traders to buy and sell cryptocurrencies at the current market price, with immediate settlement. This service is popular among traders who want to take advantage of short-term price movements.