Bitcoin exchange rate aud to dollars
When you make any currency exchange within your CoinJar you'll encounter two sets of prices - a buy price and a sell price. The difference between the buy and sell price is known as the "spread", and makes it possible for CoinJar to provide instant and seamless transfers as a market maker.
Spread is completely separate from transaction feeswhich may also be applied for certain transfers. You can choose your reference currency within the Settings pageand from then on you'll see an estimate of that currency equivalent for each of your digital currency accounts within CoinJar. The digital currency accounts within CoinJar uses midpoint rates to provide an estimated value for the funds in bitcoin exchange rate aud to dollars account.
However, when you are trading you use CoinJar's buy price when buying, and CoinJar's sell price when selling. This can appear to cause a discrepancy when comparing the amount you've just exchanged to the estimate value as shown in that digital currency account.
This is because the estimated value is calculated using the midpoint rate - not the buy price. CoinJar allows you to transfer between accounts and currencies instantly and bitcoin exchange rate aud to dollars. In order to do this, CoinJar plays the role of both the buyer and seller simultaneously. This is known as being a 'market maker'. Without grocers, consumers of vegetables would have to buy directly from farmers. If there are lots of consumers and farmers in an area then the timing problem is mitigated.
Otherwise a grocer can solve the timing problem by providing immediacy for both the farmer and consumer. Similar to a grocer a [ bitcoin ] market maker buys stock from sellers by bidding for them and sells to buyer bitcoin exchange rate aud to dollars offering to sell to them.
As with vegetables, if there are lots of buyers and sellers of stocks then a market maker is not necessary. Transfer discrepancies The digital currency accounts within CoinJar uses midpoint rates to provide an estimated value for the funds in that account. Market making CoinJar allows you to transfer between accounts and currencies instantly and seamlessly. Market makers have existed for as long as stocks have been continuously traded.
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