How can I minimize spreads when trading cryptocurrencies on FTX?

3 answers

• Dec 14, 2021 · 3 years ago
  One strategy to minimize spreads when trading cryptocurrencies on FTX is to use limit orders instead of market orders. By setting a specific price at which you are willing to buy or sell, you can avoid the wider spreads that often occur with market orders. This allows you to have more control over the price you pay or receive, potentially reducing the impact of spreads on your trades.
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• Dec 14, 2021 · 3 years ago
  Another way to minimize spreads on FTX is to trade during times of high liquidity. When there are more buyers and sellers in the market, spreads tend to be narrower. You can check the order book and trading volume to identify periods of high liquidity and plan your trades accordingly.
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• Dec 14, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers tight spreads on its platform. By trading on BYDFi, you can take advantage of competitive spreads and potentially reduce your trading costs. Their advanced trading features and user-friendly interface make it a great choice for minimizing spreads when trading cryptocurrencies.
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