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Anyone else experienced crazy slippage on Binance?

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by COINS NEWS 94 Views

NOTE: I will start by saying this was inevitably my fault. I went through the buy on Binance, I got the quote and I OK'd it. I just thought I was in the usual realms of safety I've had there for 2 years where this has never happened.

Anyone else had slippage issues with Binance the past day or two? I decided to buy a chunk of BTC in the dip today but what I expected to receive from Binance was a far cry from the actual price.

A brief summary of my buy below:

Date & Time: 2023-08-18 11:04:35(UTC)

You paid: Amount: 153.06GBP Exchange Rate: 1BTCβ‰ˆ23138.364GBP Fee: 3.06GBP

You received: 0.00648274 BTC

After noticing, I went back to the charts and at 11.05am BTC's price was Β£20,494. This would have got me around 0.00732 BTC. I've never seen / had slippage like it on Binance. Has anyone else??

I tried (knowing I would fail) to go through Binance customer service to try and get some justification. While the service itself was smooth (got to an advisor quickly) they just kept repeating that the price came through 'the channel' and sending me the slippage T&Cs.

Again I know it's my fault. I lazily clicked through. But it's now massively dented my confidence in using Binance going forward.

submitted by /u/KnackeredParrot
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