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Crypto Glossary/Bid-Ask Spread

Bid-Ask Spread

The difference between the best offer and the lowest demand prices posted in a marketplace for a specific cryptocurrency.

Bids are offers to buy and asks are demands for selling. On a cryptocurrency order book, bids and asks are visible, and the best bids are always lower than the lowest asks. This difference between the highest price a buyer wants to pay and the lowest price a seller is willing to accept, is known as the bid-ask spread.

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