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Why is it more expensive to buy currency than to sell?
Regardless of the place of purchase or sale of currency - at a bank representative office, through Internet banking, on the stock exchange, the purchase rate will always be more expensive than the sale rate.
Posts: 66
Re: Why is it more expensive to buy currency than to sell?
The buying rate for a currency is usually higher than the selling rate, which is known as the “spread.” The spread is the difference between the purchase (bid) and sale (ask) prices of a currency. More information can be found on the website https://www.ruplankurssi.fi/. This spread helps financial institutions such as banks and foreign exchange platforms cover their costs and make a profit from providing foreign exchange services.
Posts: 84
Re: Why is it more expensive to buy currency than to sell?
What factors influence the price of cryptocurrencies and how can you analyze their market dynamics?
Posts: 84
Re: Why is it more expensive to buy currency than to sell?
In fact, the price of cryptocurrencies is influenced by various factors, which you can read about on the internet yourself. I would advise you to use a platform here that offers tools such as Smart Exchange, which will allow you to easily track trends and effectively trade USDT/BTC pairs. Thanks to the features of this platform, I am able to quickly make informed decisions in a volatile cryptocurrency market. Of course, this is not all that this platform is limited to and you can find more information directly on the site itself.
Posts: 134
4 posts
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