Bid refers to a price that a potential buyer is willing to pay. When you want to sell an asset, you look at the Bid price because this is how much a buyer is ready to buy it for.

On a CFD-based platform, such as CEX.IO Broker, the Bid is the price at which you open your SELL (Short) position and close your BUY (Long) positions.

bid at CEX.IO Broker

Since the Bid is what a buyer is willing to pay you, it is always lower than the Ask.

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