*BID Coin / Bid Dealing - Short Note for Square*
*What is BID?*
In trading, BID means the highest price a buyer is ready to pay for a coin.
Example from your FIDA screenshot:
If FIDA is $0.01806, the BID might be $0.01805 and ASK $0.01807. Difference is called Spread.
*2 Types of BID Coins People Search:*
1. *Real BID Token (BID - Creator Bid):* A low cap coin. Very high risk, low volume.
2. *Scam "Bid Coins":* Many fake coins on Telegram / WhatsApp with name "Bid Coin", "Bid Price" - 99% are scams. They show you fake profit.
*Rules for Safe Dealing:*
- Always check coin on Binance / CoinMarketCap. If it's not listed there, don't buy.
- Never deal in P2P / WhatsApp for unknown BID coins. Money will not come back.
- Check Volume. If 24h Volume is less than $500k, avoid big investment.
- Use Limit Order - set your own BID price, don't market buy.
*Short post for Square:*
> Know the BID before you Buy. BID = Buyer Price, ASK = Seller Price. Low volume BID coins have huge spread = big loss on entry. Trade only listed coins. #TradingTips #DYOR
If you mean a specific coin named BID, send me its contract or full name and I will check if it's real or fake.
*What is BID?*
In trading, BID means the highest price a buyer is ready to pay for a coin.
Example from your FIDA screenshot:
If FIDA is $0.01806, the BID might be $0.01805 and ASK $0.01807. Difference is called Spread.
*2 Types of BID Coins People Search:*
1. *Real BID Token (BID - Creator Bid):* A low cap coin. Very high risk, low volume.
2. *Scam "Bid Coins":* Many fake coins on Telegram / WhatsApp with name "Bid Coin", "Bid Price" - 99% are scams. They show you fake profit.
*Rules for Safe Dealing:*
- Always check coin on Binance / CoinMarketCap. If it's not listed there, don't buy.
- Never deal in P2P / WhatsApp for unknown BID coins. Money will not come back.
- Check Volume. If 24h Volume is less than $500k, avoid big investment.
- Use Limit Order - set your own BID price, don't market buy.
*Short post for Square:*
> Know the BID before you Buy. BID = Buyer Price, ASK = Seller Price. Low volume BID coins have huge spread = big loss on entry. Trade only listed coins. #TradingTips #DYOR
If you mean a specific coin named BID, send me its contract or full name and I will check if it's real or fake.