Does River charge a spread?

When you place a buy or sell order, River includes a spread in the quoted price.

For buy orders, this typically falls right around 0.25%. This may be subject to change based on future market conditions. To see the spread before placing a buy or sell order, you can always tap on the tooltip next to the spread and fees line item.

Spread is a small difference between the mid-market price and the price at which you buy or sell bitcoin at a brokerage. It allows us to lock in the price for your order to protect you and River from market fluctuations that may occur while the order is processed.

All brokerages charge a spread in the industry, and this can range from 0.15% to 1% of the transaction amount depending on the exchange and market conditions. River’s spread typically falls in the lower end of this range.