# Buy/Sell Process

**Buying and Selling Tokens**

Choose from a curated list of whitelisted tokens to select the assets you wish to trade.

* **PAY**: This is the token you intend to sell.
* **RECEIVE**: This is the token you wish to buy.

The USD value of both selected assets will display below each token field for reference.

**Other Tokens**: If a desired token is not on the whitelist, you can import it by selecting the dropdown menu, entering the contract address in the search field, and clicking "import."

**Slippage**

Slippage refers to the difference between the expected price of a trade and the price at which it is executed, typically due to changes in market conditions between order placement and completion.

For example, in the provided image, slippage is set to 1%. This means the trade will complete only if the exchange rate between the two tokens does not change by more than 1% before the transaction is finalized.

* **Higher Slippage Settings**: Increasing the slippage tolerance can improve the likelihood of trade completion, especially during periods of high market volatility. However, higher slippage settings may result in receiving fewer tokens than estimated.
* **Front-Running Risks**: Be aware that high slippage may expose your trade to "MEV" or "sandwich" bots that could front-run the transaction, potentially reducing the token amount you receive.

**Transaction Speed**

Transaction speed refers to the priority assigned to your transaction on the blockchain. Higher speeds may increase the gas fee used to prioritize the transaction.

* **Turbo Mode**: Selecting Turbo mode may help to prevent MEV/sandwich bots from front-running your trade.

**Price Impact**

Price Impact measures the effect of your trade on the market price of the token pair. Generally, buying tends to increase the token price, while selling may decrease it.

Price Impact is influenced by the trade size relative to the liquidity pool size of the tokens involved.

* **Automatic Price Refresh**: On Wolfswap, prices refresh every 5 seconds automatically.
* **Manual Refresh**: To manually refresh the price, click the circular arrow button located at the top left of the trade screen.

**Disclaimer**

All trades are subject to market conditions, including price, slippage, and liquidity fluctuations, which may affect the trade outcome. Wolfswap provides these features for user convenience and does not guarantee specific trade outcomes. Users are encouraged to review and adjust settings carefully based on market conditions and consider their own risk tolerance.

{% hint style="info" %}
The price automatically refresh each 5 seconds on Wolfswap. In order to trigger a manual refresh to get the latest price, use the left top corner button.
{% endhint %}


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