DeutschThe spread results in traders incurring indirect fees when trading cryptocurrencies.
What is the Spread?
The spread (actually bid-ask spread) refers to the difference between the buying and selling price on an exchange or trading platform. In this case, bid stands for the bid price and ask for the ask price.
For widespread online brokers like eToro, the spread is the difference between the buying and selling price. In our opinion, the spread for cryptocurrencies should not be more than 1 percent. After all, most crypto exchanges charge a fee of well under one percent.
