by roottn | Jun 27, 2023 | Cryptocurrency News
Last but not least, an exchange that is somewhat younger than the aforementioned exchanges, yet shows how to buy bitcoin for the first time great potential. Kriptomat was launched in 2018 and is the second youngest crypto exchange on our list (right after Bybit). Binance supports a large selection of different crypto coins and tokens. Binance is also very approachable and it complies with all of the relevant KYC and AML policies. You can also buy crypto with a debit or credit card or a payments app like PayPal or Apple Pay. With some crypto brokerages and exchanges, you can deposit cash instantly, whereas with others, you may have to wait a few days until the money transfer clears. Also, keep in mind that fees for using credit and debit cards tend to be high. How Do We Calculate Our Cryptocurrency Prices? Also, it allows such payment methods as debit / credit cards, PayPal, Google/Apple Pay, S.W.I.F.T., SEPA, Skrill, and so on. You can buy crypto on Binance through bank transfers, credit / debit cards, P2P trading, and using your cash balance. The fees charged by Binance go up to 3.75% for debit card payments. This means that you’re probably wondering – how to buy cryptocurrency? If you are willing to assume greater risk as an investor, then investing in one or more cryptocurrencies may be right for you. The prices of cryptocurrencies are about as volatile as an asset can get. They could drop quickly in seconds on nothing more than a rumor that ends up proving baseless. That can be great for sophisticated investors who can execute...
by roottn | Jan 20, 2021 | Cryptocurrency News
These prices can be influenced by a range of factors, including supply and demand dynamics, geopolitical events, and economic indicators. In financial markets, the bid price serves as an indication of a potential buyer’s private vs public blockchain willingness to pay for a security. When the bid and ask prices are very close, this typically means that there is ample liquidity in the security. In this scenario, the security is said to have a “narrow” bid-ask spread. How Bid and Ask Prices Can Affect Buying and Selling Decisions Essentially, transaction initiators (price takers) demand liquidity while counterparties (market makers) supply liquidity. In short, the bid-ask spread is always to the disadvantage of the retail investor regardless of whether they are buying or selling. The price differential, or spread, between the bid and ask prices is determined by the overall supply and demand for the investment asset, which affects the asset’s trading liquidity. Market makers are typically large firms that help keep markets liquid by promoting trades for investors. To carry out this key function, market makers commit to providing continuous, up-to-date bid prices and ask prices, also specifying the volume or amount of shares they’re willing to trade. The ask price, also known as the offer price, is the lowest price a seller is willing to accept for a security. The forex market, being one of the most liquid markets in the world, often showcases tight bid-ask spreads. In the stock market, the ask price signifies the immediate price at which one can buy a stock. A rising ask price could indicate increasing interest or bullish sentiment for the stock....
