1% spread is pretty typical 🤷 most exchanges range from 0.5% to 2.0%, unfortunately, depending on market conditions and liquidity
but yeah, that additional fee is gross
businesses need to make money
are you going to care when you buy $40 worth of bitcoin when bitcoin is at $1,000,000 and the spread/quote price is $1,010,000?
there’s always P2P markets; you’re paying for the convenience of not needing to find a market maker