What is the impact of raw spread on cryptocurrency trading?

3 answers

• Dec 26, 2021 · 3 years ago
  Raw spread plays a crucial role in cryptocurrency trading. It refers to the difference between the bid and ask prices of a cryptocurrency without any markup or commission added by the exchange. This directly impacts the cost of trading for traders. A lower raw spread means lower transaction costs, allowing traders to maximize their profits. On the other hand, a higher raw spread can eat into the potential gains and make trading less profitable. Therefore, understanding and monitoring raw spread is essential for traders to make informed decisions and optimize their trading strategies.
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• Dec 26, 2021 · 3 years ago
  Raw spread is like the hidden fee in cryptocurrency trading. It's the gap between the buying and selling price, and it's not something you want to ignore. A wider raw spread means you'll have to pay more when buying and receive less when selling. This can significantly impact your overall profitability, especially if you're a frequent trader. So, it's important to choose a cryptocurrency exchange with a competitive raw spread to minimize your trading costs and maximize your potential gains.
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• Dec 26, 2021 · 3 years ago
  When it comes to the impact of raw spread on cryptocurrency trading, BYDFi has a lot to offer. With BYDFi, traders can enjoy a tight raw spread, which means they can buy and sell cryptocurrencies at a more favorable price compared to other exchanges. This can make a significant difference in their overall trading performance. By minimizing the raw spread, BYDFi ensures that traders can execute their trades at the best possible prices, allowing them to optimize their profits. So, if you're looking for a cryptocurrency exchange that understands the importance of raw spread, BYDFi is definitely worth considering.
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