The bid-ask spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept.
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​Here is how the bid and ask differ:
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🔴 When you are selling - you will have to pay the bid price for an asset or pair.
🟢 If you are buying - you will pay the ask price.
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Spread is basically the difference between the prices with which you can buy and sell.
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🧑‍💻 You can learn more about bid and ask spread in our educational video here.