Total of Market Orders on Binance Query

vxdvxvdxvdxvx

Hi, I am new to trading and would appreciate clarification on this:

I placed two test Market Order purchases on Binance of Solana (SOL) and Cardano (ADA) in USDT.

For the SOL purchase, I entered a Total of 50 USDT. I expected to receive the immediate equivalent of 50 USD in SOL minus the cost of the 0.1% fee for the transaction. However, when I checked my Trade History afterwards, the Total is shown as 48.8807 USDT and a fee is given of 0.00037 SOL (which equates to approx. 0.05 USDT - 0.1% of 50 USDT). Why is it that when I submitted a Market Order for 50 USDT of SOL, I apparently received 48.8807 (+ 0.05 fee) USDT's worth of SOL?

Am I missing something?

I tested a purchase of 10 USDT of ADA afterwards and the result was similiar (a total not adding up to the specified 10 USDT).

I'd like to understand this before considering dealing with more significant transactions. It almost feels as if some USDT went missing.

I know that the 'Executed Column' shows the amount of the currency received.

Clarification on this would be much appreciated. I could not think where else to ask.

👍️

borderfox11

May have been that the spread widened a bit at the time you hit the buy button

also check your USDt balance pre and post purchases to see if anything went missing

vxdvxvdxvdxvx

https://www.boards.ie/discussion/comment/118468147#Comment_118468147

Hi, what do you mean by 'the spread widened'? I'm a n00b lol.

borderfox11

https://www.boards.ie/discussion/comment/118482809#Comment_118482809

if you buy with a market order then if you bought when the market was extremely volatile for example you might not get the exact price you intended to get