Personal Finance & Money Asked on February 12, 2021
I am using a website to buy/sell crypto currency on instant basis. I don’t know how the buy and sell price is calculated. Although the question might sound stupid but out of curiosity, is it possible for the sell price to go higher than the buy price by any chance?
Edit: It’s not exactly bid and ask. For example, in CoinDCX, there is an insta feature where users can buy or sell coins instantly without bidding or asking. I haven’t been into share trading so I was assuming this feature would be present there as well. Guess it’s not.
Not unless the exchange does something unusual with fees. If someone was willing to buy at a price equal to or greater than someone else was willing to sell at a properly-functioning exchange, they will have already made a trade with each other. What would they be waiting for?
Answered by David Schwartz on February 12, 2021
Get help from others!
Recent Answers
Recent Questions
© 2024 TransWikia.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP