How does the spread affect the profitability of cryptocurrency trades?

1 answers

• Mar 06, 2022 · 3 years ago
  At BYDFi, we understand the impact of the spread on the profitability of cryptocurrency trades. The spread represents the difference between the highest bid and the lowest ask price in the market. A wider spread can make it more challenging to execute trades at favorable prices, reducing potential profits. That's why we strive to provide our users with competitive spreads to ensure they have the best possible trading experience. By choosing an exchange with tight spreads, traders can minimize the impact of the spread on their profitability and increase their chances of success in the cryptocurrency market.
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