Exchanges and market makers use the spread to facilitate trading while managing their own risk:
: The lowest price a seller is willing to accept. bitcoin buy and sell price difference
The difference between the buying and selling price of Bitcoin is known as the . It represents an implicit transaction cost where the price you pay to buy (the ask ) is slightly higher than the price you receive when you sell (the bid ). Understanding the Spread The Bid Price : The highest price a buyer is willing to pay. Exchanges and market makers use the spread to
: Because these two groups are "negotiating" through an order book, a gap exists; if they matched, the trade would execute immediately and the order would disappear. a gap exists