Thorough Explanation of Differences between Trading Fees and Spreads

Sun, 08 Mar 2026 13:40:00 +0900

When buying Bitcoin, you might see “Zero Trading Fees” but notice the actual purchase price is higher than the market rate. This is due to “Spreads” (hidden transaction costs). We clarify the difference between trading fees and spreads.

Exchange (板取引) vs. Instant Buy (販売所)

1. Instant Buy (販売所) - High Cost Spreads

You buy directly from the exchange’s personal inventory.

Fees: Advertised as “Free.”
Spread: The difference between the buy and sell price is wide (often 2-5%), serving as a high hidden cost.

2. Order Book Exchange (取引所) - Low Cost

Users trade directly with other users via an active order book.

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Thorough Explanation of Differences between Trading Fees and Spreads

Exchange (板取引) vs. Instant Buy (販売所)

1. Instant Buy (販売所) - High Cost Spreads

2. Order Book Exchange (取引所) - Low Cost