Link: https://tradesanta.com/blog/bid-ask-crypto-exchanges What do real-time bidding exchanges look like? On crypto exchanges, sellers set an ask price while buyers place a bid to state how much they’re willing to pay. Have a look! The process of exchange bidding looks very much familiar to an auction. Buyers and sellers buy and sell assets by offering them up for bid, taking bids, and then selling the asset to the highest bidder or buying the asset from the lowest bidder. Examine this snapshot of an order book taken on a bid and ask currency exchange HitBTC. If you look closely, you will see that there are two walls: green and red that represent the situation on the sellers’ and buyers’ sides. What is bid and ask? Bid is the price the buyers are ready to buy at, and ask is the price the sellers are ready to sell for. Bid and ask prices constantly change, which you can see for yourself by observing a live order book on a crypto exchange. Examine the...
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