Addressing common issues with DEXs

How do I identify and report scams? 

For tips on how to identify and report scams, visit our help article

What does ‘not enough liquidity mean’?

In the context of cryptocurrencies, liquidity refers to the ease in which a token can be quickly converted into cash or other tokens without impacting its price.

Liquidity is important for all tradable assets including cryptocurrencies. Low liquidity levels can lead to high market volatility, as prices spike or fall to reach price levels where there are enough buyers or sellers to fill trading orders. 

High liquidity, on the other hand, can create more stable and efficient markets, buyers and sellers can get their orders filled at their target price with minimum slippage (the difference between the expected price of an order and the price where the order actually executes).  While undesirable, increasing the slippage tolerance of a trade between illiquid tokens can allow you to get your order filled faster on a DEX.

My trade failed and I missed the desired purchase price, can Coinbase help?

Unfortunately, Coinbase will not be able to support you in the event that your trade failed and you missed your desired purchase price. 

My trade experienced severe slippage, can Coinbase help?

Coinbase is unable to support in the event you experience severe slippage during a trade.