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RE: Using Bitcoin to save money on international bank transfers - part 1
Noone won the quiz?
Cool, I get to participate!
If I understand the situation correctly, it is:
a. Bid price, that is you're selling at the highest price, that people are willing to buy at.
b. If you were buying instead, the answer would be A, since it is same as at the Kraken example, you'll be buying at the lowest price that people are willing to sell at. And the difference between them is spread.
Is this correct? 8)
Bingo, you've nailed it, that is indeed the correct answer! I was beginning to think nobody would get it. Congrats, you get the prize. :-)