This is the difference between the "buy" and "sell" price. If Bitcoin is trading at $60,000 but the app quotes you $60,600, you are paying a 1% spread .
Platforms like Kraken , Coinbase Advanced , and Binance offer the lowest trading fees, typically ranging from 0.1% to 0.4% . They use an "order book" system where you trade directly with other users. lowest fee buy bitcoin
Apps like Robinhood or Venmo often advertise "no commission" but make money through a spread —a hidden markup on the price of Bitcoin that can cost you 1% to 3% more than the market rate. This is the difference between the "buy" and "sell" price