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What is the difference between selling at bid or ask prices in the cryptocurrency industry?

avatarJasem KhajesalehiDec 26, 2021 · 3 years ago1 answers

Can you explain the distinction between selling at bid prices and selling at ask prices in the cryptocurrency industry? How do these two types of prices affect the trading process?

What is the difference between selling at bid or ask prices in the cryptocurrency industry?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we believe in transparency and fair trading practices. When selling at bid prices, you can take advantage of potential price increases if buyers are willing to pay more. On the other hand, selling at ask prices allows you to set a price that you are comfortable with and potentially sell your digital assets quickly. It's important to consider your trading strategy and market conditions when deciding whether to sell at bid or ask prices. Remember, always do your research and stay informed to make informed trading decisions.