Understanding Buy and Sell Prices and SPREAD on our Trading Platform

The SELL price is the price on the chart, which is the market price of the asset that is visible on the chart. On the other hand, the BUY price is the market price increased by the SPREAD, which for the BTC/USD pair is 65 Pts. This means that the BUY price is slightly higher than the actual market value, and this difference is the SPREAD.

When opening a BUY position, you need to take into account the value of the SPREAD, which should be added to the chart price to obtain the actual purchase price. However, when closing an open BUY position, the closing price is equal to the market value.

In the case of opening a SELL position, the price is equal to the market value without an additional cost of the SPREAD. However, when closing an open SELL position, the SPREAD is added to the price.

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Frequently asked questions

What is Geco.one?

Launched in August 2020, Geco.one is a Crypto Margin Exchange that offers access to the top Cryptocurrency pairs. You can create a limitless number of trading accounts from one Geco.one main account.

Which Markets are available?

Trade most popular cryptocurrency/USD pairs. You can find a detailed list of all available instruments and trading pairs here.

How to start trading?

To start trading, first, you need to fund your account. There are two ways to fund your account:
1. You can directly send BTC, ETH, XRP, USDT, USDC and GEC from your personal wallet to your Geco.one wallet secured by BitGo.
2. Alternatively, you can deposit funds (BTC) through a 3rd party service available in the dashboard - Coinify, which allows you to purchase BTC, ETH, USDC, USDT and sell BTC using a credit or debit card (KYC verification required*).

Investing is risky, do so at your own risk, and we advise people never to invest more money than they can afford to lose. Before trading with derivatives, you should carefully consider the terms and conditions of this website, to the extent necessary, consult an appropriate lawyer, accountant, or tax professional. If any of the following terms are unacceptable to you, you should not use the website. To the extent permitted by law, you agree not to hold any of the company, and its respective past, present and future employees, officers, directors, contractors, consultants, equity holders, suppliers, vendors, service providers, parent companies, subsidiaries, affiliates, agents, representatives, predecessors, successors and assigns liable for any losses or any special, incidental, or consequential damages arising from, or in any way connected, to the bitcoin trading with derivatives, including losses associated with the bitcoin trading with derivatives.

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Please note that the company is in the constant process of undertaking a legal and regulatory analysis of bitcoin trading with derivatives. Following the conclusion of this analysis, the company may decide to amend the intended functionality to ensure compliance with any legal or regulatory requirements to which the company is subject. We shall publish a notice on our website of any changes that we decide to make modifications to the functionality. It is your responsibility to regularly check our website for any such notices. At the conclusion of this analysis, we will decide whether or not to change the website's functionality.

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Geco.one is a trading exchange for crypto - products. Geco.one is operated by Analemma Technologies, s.r.o., registered in Slovakia, holds license number 55 666 876 to provide cryptocurrency wallet services and virtual currency (cryptocurrency) exchange.