Technical Definition
Bid Price
The highest price a buyer is willing to pay right now (buy side of the order book).
By Crypto University Editorial
Ask Price
✦ Key Insight
Why It Matters: When selling market, you get the bid price. Indicates demand/buying interest. How It Works: Top bid in order book; market sell fills starting from highest bid downward. Common Mistakes: Selling into thin bids (worse fills); not checking before large orders. FAQs Bid vs. Ask? Bi
✕ Common Misconceptions
It is often mistaken for similar sounding terms, but the technical implementation is distinct.
Detailed Explanation
Why It Matters:
When selling market, you get the bid price. Indicates demand/buying interest.
How It Works:
Top bid in order book; market sell fills starting from highest bid downward.
Common Mistakes:
Selling into thin bids (worse fills); not checking before large orders.
FAQs
Bid vs. Ask? Bid = what buyers offer; Ask = what sellers demand.
Spread = Ask minus Bid; tighter = better liquidity.
In Practice
"ETH bid at $3,000 — selling market gets you $3,000 or slightly less if walking the book."
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