This site is dedicated to uncovering the true costs of buying Bitcoin across various exchanges. The insights provided detail the most economic choice for Bitcoin purchases.
When buying Bitcoin, there are two main types of fees to consider:
The transaction fee is what exchanges charge to complete a purchase. This is often a percentage of the total transaction amount and can vary with the size of the trade. It's essentially the way exchanges are compensated for facilitating Bitcoin transactions.
The spread is the difference between the price at which Bitcoin can be bought (ask price) and the price at which it can be sold (bid price). Exchanges and liquidity providers use the spread as an additional way to generate revenue.
While the spread is a less visible cost compared to direct transaction fees, this website aims to demystify these expenses. It helps users see these costs clearly to compare them effectively across different platforms.
Please note: The "spread" indicated on this website is calculated as the difference between the Bitcoin selling price and the midpoint between the bid and ask prices.
The data presented on this website is sourced from various exchanges using API calls to the respective providers and is refreshed roughly every 30 minutes.
To confirm the accuracy of the data, visit the provider's website, generate a quote for the specified USD amount, and compare it to the figures shown here. Keep in mind that Bitcoin's price fluctuates continuously, so it is advisable to check the prices right after they are updated, which occurs at the beginning and the middle of each hour.
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