A spread is the difference in the buy vs sell price when trading digital currencies and is an important element to understand and consider when trading. Many trading platforms do not make all of their information readily available and advertise “low spreads,” when in reality charge larger, artificial spreads.
It is important to consider and understand spreads when trading digital assets as it can result in you paying greater fees than you should and less profit hitting your pocket. At Swyftx, we have trading algorithms that are optimised for increasing liquidity with trade volume and decreasing spreads which results in some of the lowest spreads on the market for New Zealand traders. Our spreads for Bitcoin are as low as 0.41%.
Buy, Sell and Trade Coins, Assets, Tokens and Digital Currencies with Swyftx, the most progressive New Zealand Crypto Exchange!
*current as of 15th August 2020
*liquidity from our combined, aggregated order books
*We have prepared the above table by taking the publicly available pricing information from each the named exchanges and inserting for fees the typical fees which would apply to a transaction as well as calculating the average spread across the various tokens offered by those exchanges. Spreads will vary between tokens offered by an exchange and some exchanges have dynamic pricing which changes the spread based on the amount being sold or purchased. While we take all care to provide as accurate a comparison as possible, dynamic pricing, special offers or other changes may take a while to be reflected on this page. We source information from the following pages: CoinSpot, Coinjar, BTC Markets, Independent Reserve.
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