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The answer is yes. If you buy the right instant pot with slow cooking function, you can achieve the quality of food prepared on slow cookers using your instant pot. Other functions which an instant pot can perform include pressure cook, salute among other functions. You can use your instant cooker as a slow cooker hence saves on cost. It is not a must for you to buy a slow cooker if you can have an instant pot which has the functions of slow cooking. Not all instant pots have multifunction.