The word comes up in almost every conversation about trading crypto. This article explains what it means, how it differs from fees, and what you actually see before you confirm a swap.
Published September 30, 2026 · 2 min read
Slippage is what happens when the price of a trade changes between the moment you decide and the moment it executes. You expect one result and receive a slightly different one. The difference can work against you or in your favour. It is a market effect, not a charge added by anyone.
Prices do not stand still while you press a button. Some coins move quickly, and the more volatile the coin, the more the price can shift in a short time. If a trade is executed a moment after you saw the quote, the result may not match the number you had in mind. That gap is slippage. The longer the delay and the more volatile the coin, the more room there is for it.
A swap in the Nexus Pay wallet shows the amount you will receive before you confirm it, so you know the terms before you commit. You are not agreeing to an open-ended price. The figure on screen is the one for that moment of confirmation. Because volatile coins can move quickly, it is worth reading that amount at the time you confirm rather than relying on a number you saw earlier or elsewhere.
No, they are three different things. Slippage is a price movement. A markup is an extra margin added to an exchange rate. A fee is a charge for an action. The in-wallet swap costs 0% and uses the exchange rate with no markup. That is also separate from any network fee that may apply to a deposit, which is a different step from the swap.
| Term | What it is | How it relates to an in-wallet swap |
|---|---|---|
| Slippage | A price move between your decision and execution | The amount is shown before you confirm; the figure is for that moment |
| Markup on the rate | An extra margin added to the exchange rate | None: the swap uses the rate with no markup |
| Swap cost | A charge for converting one coin into another | 0% |
| Network fee on a deposit | A cost linked to the deposit, not to the swap | Separate from the swap and not part of its 0% |
Start with the amount shown before you confirm and check that it matches what you expect to receive. Confirm promptly rather than leaving the screen open, especially with volatile coins. Compare the result with your plan, not with a price you remember from earlier.
This is general information, not investment advice.
Slippage is only one part of the picture. The swap in the wallet costs 0%, but other steps have their own terms. Moving money from the wallet balance to the Nexus Pay card costs 0.1%, and an ATM withdrawal costs 0.25% per withdrawal. An ATM owner may add its own fee, which is shown on the ATM screen before you confirm. For example, 1000 USDT moved to the card becomes $999.00, and withdrawn at an ATM it leaves $996.50 before any ATM-owner fee.
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