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Showing posts with the label Buying cryptocurrency

How to buy a cryptocurrency or stock

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How to buy a crypto currency or stock. When making your first purchase it can seem a little overwhelming so here I have included what you will see on a ticket and how to use the buttons to make sure you get it done correctly and know all you need to know! The Bid Is the current most highest price someone is willing to pay for a crypto or a stock The ask Is the current lowest price someone is willing to sell their stock The difference between the ask and the bid is called the spread! The spread so lets say you have bids lined up and ask's lined up, and in the centre , that's when stock or crypto trades get executed.  Example- think of it like a house for sale. If a seller ask's 500,000.00 for his/her house and a buyer puts an offer of 450,000.00 the 500,000.00 is the ask and the 450,000.00 is the bid  and the 50,000.00 between the 2 is the spread. The buyer and seller would have to negotiate to meet somewhere in the middle of the spread for the dea...