The Bid vs Ask Price guide here paybis.com/blog/bid-price-vs-ask-price/ breaks it down:
Bid: What buyers are willing to pay for an asset.
Ask: What sellers demand for it.
Spread: The gap between them—your hidden cost.
Liquidity matters: Tight spreads (e.g., Bitcoin on Binance) mean fairer prices; wide spreads (low-volume altcoins) eat profits. Always use limit orders to control your entry/exit points instead of market orders, which default to the worst available price. For example, if ETH’s bid is
Trade during high-volume hours and stick to major pairs. Platforms like Coinbase Pro show real-time order books—study them to spot manipulation. Knowledge = fewer NGMI moments!