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What is the average spread for Bitcoin trading on IC Markets?

avatarmango_saplingDec 27, 2021 · 3 years ago3 answers

Can you provide information on the average spread for Bitcoin trading on IC Markets? I am interested in knowing the typical difference between the buying and selling prices for Bitcoin on this platform.

What is the average spread for Bitcoin trading on IC Markets?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The average spread for Bitcoin trading on IC Markets is typically around 10-20 pips. This means that the difference between the buying and selling prices for Bitcoin is usually within this range. However, please note that the spread can vary depending on market conditions and liquidity. It's always a good idea to check the current spread before placing a trade on IC Markets.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to Bitcoin trading on IC Markets, the average spread is an important factor to consider. It represents the cost of trading and can impact your overall profitability. On average, the spread for Bitcoin trading on IC Markets is competitive compared to other major cryptocurrency exchanges. However, it's important to keep in mind that spreads can fluctuate based on market volatility and trading volume. It's recommended to monitor the spread and compare it with other exchanges to ensure you're getting the best deal.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers Bitcoin trading with competitive spreads. The average spread for Bitcoin trading on BYDFi is typically around 5-10 pips, which is lower compared to many other exchanges. This means that the buying and selling prices for Bitcoin on BYDFi are closer together, resulting in lower trading costs for users. If you're looking for a platform with tight spreads for Bitcoin trading, BYDFi is definitely worth considering.