0

I am using a website to buy/sell crypto currency on instant basis. I don't know how the buy and sell price is calculated. Although the question might sound stupid but out of curiosity, is it possible for the sell price to go higher than the buy price by any chance?

Edit: It's not exactly bid and ask. For example, in CoinDCX, there is an insta feature where users can buy or sell coins instantly without bidding or asking. I haven't been into share trading so I was assuming this feature would be present there as well. Guess it's not.

3
  • are you talking about the bid and ask ? – Fattie Feb 10 at 21:33
  • 1
    If the price is highly volatile, computer lag and latency might cause the bid and ask prices to get out of sync like that. – RonJohn Feb 10 at 23:16
  • 1
    It's not exactly bid and ask. For example, CoinDCX has an insta buy/sell feature where they display the buy and sell price for a coin. And users can instant buy or sell there without doing bid/ask. – berserk Feb 11 at 10:31
2

Not unless the exchange does something unusual with fees. If someone was willing to buy at a price equal to or greater than someone else was willing to sell at a properly-functioning exchange, they will have already made a trade with each other. What would they be waiting for?

12
  • 2
    Answer assumes that anything relating to cryptocurrency is properly-functioning... – RonJohn Feb 10 at 23:17
  • @RonJohn No major public blockchain has had downtime in more than a year now. Most large centralized services can't say that. – David Schwartz Feb 11 at 0:12
  • They've got to be doing something wrong for wallets to keep getting stolen. – RonJohn Feb 11 at 0:35
  • 1
    @RonJohn I'm not sure who the "they" is referring to there. Mostly what I see is people falling for scams promoted on social media platforms that do absolutely nothing about it and, in some cases, adopt policies that actually encourage it. – David Schwartz Feb 11 at 0:43
  • 1
    @CQM you only put your wallet in your front pocket all the time if #1 you're paranoid, or #2 you live someplace crawling with pickpockets. – RonJohn Feb 11 at 4:56

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.