Quick Trade offers commission-free trades plus free deposit and withdrawals so you might wonder how do they make money?
Quick Trade makes money on the spread which is the difference in the buy and sell prices at any given time. For example, in our test you could buy 1 Bitcoin for $56,460 or sell 1 Bitcoin for $55,013. This is a spread of $1,447 or 2.63%.
This is common in the industry but spreads vary widely on each platform. Quick Trade ranked 13th overall and Binance was first overall with a 0.00% spread for Bitcoin.