$100 price difference between exchanges ...

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Quote from: tenakha on October 11, 2018, 09:56:33 AM

Sure, it is possible. Already the price of each digital currency is different in each exchange. It isn't possible to have the same price in all of them, because the demand-supply determines the price and accordingly, the price is different in every exchange.
This is called ''scalping'' and is a way to make some profit. But, the prices are always variable, that's why earning is risky with scalping.

But if you use the right bot, it is possible to make really good profit on scalping!

bitbunnny

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I don't see why is this so strange, it's usual.thing among exchanges. Actually you don't have to trade Bitcoin for so long to notice that different exchanges have different price. Besides that is how arbitration trading is done that offers excellent options for profit if you know what are you doing and you are very well introduced with situation on multiple exchanges.

supine

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It is possible since prices are driven and made by traders and not with just a single source. So, if one trading site trades with a different price, it is favorable for traders who checked it earlier. Price differs depending on the activeness of people that are trading in a site and on what price they are trading.

jems

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It seems that this is a natural thing, because each exchange has a different price caused by merchant activity on an exchange and the amount of trading volume on the coin. With the price difference between exchanges it can make other land to benefit from trading and what I know is arbitration. .

sawree6

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It’s obvious. Different exchanges have different fees and set their own prices basing on the general market tendencies. Usually, exchanges which are more focused on new traders set higher fees and even higher prices. Platforms for professionals are more loyal. You can easily check prices using BTC calculators on different exchanges (here's one from CEX: https://cex.io/bitcoin-calculator). There’s even a trading strategy of betting on different prices and getting profits from this. However, it’s hardly possible to trade in this way now – as more and more platforms move to the unified price.

LongerBitcoin

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Quote from: arpon11 on October 17, 2018, 11:24:39 AM

Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

It happened sometimes in this ways and the arbitrage traders always take the advantage of this to make some profit from the market. I don't think anything serious is happening somewhere that is making price behave the way it does across exchangess but with time we would see corrections.

Some anonymous exchanges show higher price but still people do not trust then at all. I myself don’t care about the price difference between the exchanges and always select best exchange for my transactions because it is a matter of money and everyone should use only reliable exchange for coin transaction. Otherwise they may be scammed by some exchanges.

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Quote from: alex0808 on October 17, 2018, 11:09:46 AM

Quote

you have to understand that coinbase does not use USDT but USD

Does Bitfinex trade USDT? On their website is diplayed USD ...

Yeah you are right. I also wonder how and why different exchanges show different prices of bitcoin at the same time. I think they want to catch the buyers and sellers to show some high price than the actual price. We cannot trust all the exchanges because of scams. I always use Binance and Okpay for my transactions because these two are the best exchanges in the world and more authentic than others.

o_e_l_e_o

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Quote from: bones261 on October 19, 2018, 10:57:20 PM

One of the reasons Tether's market cap has fallen is that Bitfinex has recently sent over 600 million Tethers to the Tether treasury wallet. This effectively takes the Tethers out of circulation.

Yes, but that's because more people are selling Tether than buying, by a large margin. They've had to redeem $600 million in Tether to maintain the peg to USD, which is still only sitting at $0.98 despite the marketcap continuing to fall. The issue is that I doubt they have enough assets to redeem the remaining $2 billion in outstanding Tether, but we don't know because they wouldn't submit to an external audit (I wonder why? Roll Eyes

)

Quote from: bones261 on October 19, 2018, 10:57:20 PM

I'm not certain how tether/Bitfinex accounting works. I'm not sure anyone outside their organization really does.

I'm not sure anyone inside their organization really does either. I would be staying well away from both Tether and Bitfinex right now.

Hui8

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

The very first thing you should do when you see such huge difference is to go and make a margin trade and have those 100 bucks equivalent profits in your investment. This can be quickest way of making money whenever you see such price differences.

Well, coming to the point, there is always difference between the prices of coins over two different exchangers because of decentralised market. This market is giving freedom to each market to trade with different volume and user base who creates slightly different scenario for all.

Thats why the price difference.

mia khalifa

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it is a price difference that often occurs when there is good news and a quiet market will definitely experience a price difference even though there is not that much at least there is a price difference that can provide benefits you must be able to use it well.

bones261

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Quote from: o_e_l_e_o on October 19, 2018, 04:17:40 PM

Quote from: 1Referee on October 18, 2018, 12:57:34 PM

It seems that Bitfinex is in the process of losing its whales with how their cold wallet keeps shrinking. In the last ~45 days Bitfinex's cold wallet shrunk with 100,000BTC, and the outflow of capital isn't even over.

Wow. USD value has fallen from $1.5 billion to $800 million, a fall of $700 million. Meanwhile, Tether's market cap has fallen from $2.8 billion to $2.1 billion, also a fall of $700 million.

Is it possible that Tether was actually backed up by their own cold wallet? And now they are having to empty their cold wallet to pay off Tether?

Either way, with their cold wallet emptying that rapidly and Tether still on the verge of imploding, if I had any coins on Bitfinex I would be moving them out of there ASAP.

One of the reasons Tether's market cap has fallen is that Bitfinex has recently sent over 600 million Tethers to the Tether treasury wallet. This effectively takes the Tethers out of circulation.
https://www.ccn.com/tether-has-yanked-610-million-out-of-circulation-this-month/
I'm not certain how tether/Bitfinex accounting works. I'm not sure anyone outside their organization really does.

Quote from: atoshi on October 18, 2018, 10:16:17 AM

Why Bitfinex website display USD instead of USDT?

Well, if you make a wire deposit of $100 in Bitfinex, you are only credited with 100 USD(T), regardless of what the market value of USDT is at the time. Likewise, if you make a wire withdrawal of $100, your balance is deducted by only 100 USD(T). At least, I think that is how I think that it works. Huh

At the present time, I'm not sure how easy it is to get a wire withdrawal from Bitfinex. (I'm a minnow American anyway. So they don't want my business at the present time. That is fine with me because I left Bitfinex after they had the hack back in the summer of 2016. Unfortunately, I managed to leave some dust behind. I have like 14 cents usd and about 3000 sats BTC and BCH.)

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

This defends on how the traders trade on specific exchange. Volume of the trading is a factor with the price of the Bitcoin on certain exchange too. It can affects the value especially theirs a lot of traders in an exchange. It is possible that the difference of the price from the exchange you had and from the exchange of the other traders will be equal to $100 or more.

Junralz

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It would be a big trouble if such difference could be true because people will definitely stay in that platform. There are certain rules that they need to follow and this should be necessary in order to be fair.

o_e_l_e_o

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Quote from: 1Referee on October 18, 2018, 12:57:34 PM

It seems that Bitfinex is in the process of losing its whales with how their cold wallet keeps shrinking. In the last ~45 days Bitfinex's cold wallet shrunk with 100,000BTC, and the outflow of capital isn't even over.

Wow. USD value has fallen from $1.5 billion to $800 million, a fall of $700 million. Meanwhile, Tether's market cap has fallen from $2.8 billion to $2.1 billion, also a fall of $700 million.

Is it possible that Tether was actually backed up by their own cold wallet? And now they are having to empty their cold wallet to pay off Tether?

Either way, with their cold wallet emptying that rapidly and Tether still on the verge of imploding, if I had any coins on Bitfinex I would be moving them out of there ASAP.

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Because of differences in exchange rates, there is often a difference in exchange rates between exchanges. Time difference between exchanges also causes the price difference, but time difference will not floor and the exchange will quickly rebalance.

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Quote from: jonhn772 on October 18, 2018, 12:38:38 PM

Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Actually I don't have any idea about this matter. But I think it is good opportunity to buy at low price from one exchange and sell with high price in others exchange 😆

And when you late to send that bitcoin on other exchanges, then it get dumped again. You need to wait more time to price back again when you bought it. Arbitrage is not simple like it was said by people.

Capt00

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Bitfinex is one of a very well know exchanges that have a large amount of trader there, in that case, many manipulators have likely used that exchange because of having a huge amount of valuable coins. Good thing to see that this kind of exchange site has an opportunity to have more traders like Poloniex and Binance.

1Referee

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Quote from: Parodium on October 18, 2018, 10:25:00 AM

It is likely that the majority of the biggest whales use Bitfinex.

It seems that Bitfinex is in the process of losing its whales with how their cold wallet keeps shrinking. In the last ~45 days Bitfinex's cold wallet shrunk with 100,000BTC, and the outflow of capital isn't even over. Bitfinex needs to act quick in order to not turn into the next Poloniex. I just hope for the traders there that Bitfinex won't halt withdrawals in an attempt to stop the 'bankrun' that's going on.

Quote from: Parodium on October 18, 2018, 10:25:00 AM

The arbitrage opportunity is definitely there, but they don't last long so act fast.

It's not an arbitrage opportunity at all. USD has more value than USDT, so the 'higher' BTC/USDT prices are technically still the same as the 'lower' BTC/USD prices on exchanges as Coinbase.

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Actually I don't have any idea about this matter. But I think it is good opportunity to buy at low price from one exchange and sell with high price in others exchange 😆

Parodium

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DMs have been disabled. I am busy.

Bitfinex is always at a higher price than the other exchanges, and it always seems to be the first to move whenever a big event goes down. It is likely that the majority of the biggest whales use Bitfinex. The arbitrage opportunity is definitely there, but they don't last long so act fast.

atoshi

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Why Bitfinex website display USD instead of USDT?

arpon11

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

It happened sometimes in this ways and the arbitrage traders always take the advantage of this to make some profit from the market. I don't think anything serious is happening somewhere that is making price behave the way it does across exchangess but with time we would see corrections.

alex0808

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Quote

you have to understand that coinbase does not use USDT but USD

Does Bitfinex trade USDT? On their website is diplayed USD ...

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

I think that is the diversification of many investors. Because large trading floors often have large investors and they plan to pump in quickly. And that is very relevant to other areas such as Margin.

Whosdaddy

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Quote from: alex0808 on October 15, 2018, 02:07:25 AM

Unreal, about $800 difference now

https://coinalyze.net/

The mistake you are actually making is to compare BTC-USDT pair with BTC-USD pair. It is always a possibility that two different exchanges will have two different prices as they are both two different platforms and this is how some people do arbitrage trading, as you can read more on that if you have no idea what that means.

The reason you are seeing such a huge gap is because one is a USD pair and the other is a USDT pair. On bittrex alone where the both markets are inexistence, there is always that huge gap between BTC/USD and BTC/USDT pair. I really do not know why but that is just the case.

vit05

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I honestly believed that after the launch of Bitcoin Sidechain 'Liquid Network' we would have a much faster and stable equilibrium between the exchanges. But in the last few weeks, I've seen big differences in short time frames. Of course, today the problem was with a great whale and with some doubts regarding the USDT. But I expect these abnormalities in the difference between prices to decrease over time.

tippytoes

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Sometimes the price difference between exchanges depends on the trading activity of that exchange. The supply and demand within an exchange has contributing factor in their price, and this is without the consideration of external exchanges' price. So once you compare it with others, you can see their price gap.

samycoin

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Yes there's possible look binance the price of bitcoin is different to other exchange some whales is manipulating some exchange which I think is not good because its not real price of bitcoin.

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Quote from: waqasniaz007 on October 15, 2018, 12:06:20 PM

Every exchange has different price from each other because crypto market is decentralized and no one can control, Also there is factor of volume, demand and supply.

Market and exchange volume will certainly affect prices in a certain exchange. It is sad that ETH pairs have a low prices than of BTC or USDT pairs. With that, it is better to convert it into USDT rather than of ETH conversion.

CryptoIyke

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Going a long way to show that usdt is not a stable coin, really wondering if exchanges can be trading alts against usdt which is the real fiat than usdt

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Quote from: figmentofmyass on October 13, 2018, 06:15:44 PM

if you look on reddit (and around this forum), there's plenty of complaints about bank wires not being paid to customers, going all the way back to august. this is obviously the source of the price premium---in order to cash out, bitfinex users need to buy BTC and sell it on other exchanges.

Woah. I had the same question as OP and I knew it has to be something fishy, else the arbitrage bots would have covered this instantly. But this can be the cause for the difference.
Binance prices look similar to Bitfinex, but there I know that's actually USDT, which is "funny" (in a bad way) these days.

logitechwow

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Now she has risen to 200 dollars. I hope in the future it will go down.

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Every exchange has different price from each other because crypto market is decentralized and no one can control, Also there is factor of volume, demand and supply.

hubballi

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

That is why so many person are having account in different exchanges and depositing it so that arbitrage trading can be done. This way you can earn without risk. As some time their will be different price in each exchange and that benefit can be taken by this way.

izanagi narukami

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IMO, every exchange make their own value and we as the trade may able to obtain profit through arbitrage.
Remember that bitcoin value really depend on supply & demand so it's also happen some each exchange around the world.

Because of that , cryptocurrency value mostly able for being manipulate rather than ordinary stock exchange trading.

hawkins

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yes, that's normal, and I think this is often the case. in fact, sometimes there are people who try to take advantage of the moment. well, but of course that will be balanced in a fast time. it occurs when there is an increase, or a decrease in price that occurs in a short time.

Pmalek

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Some arbitrage oppurtunity at last Grin

musdafakfl

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The event you specify is extremely normal and the current value can reach higher amounts. Especially in the crypto market, prices are determined by supply-taalep balance and as a result of this balance we can see different pricing in many exchanges. For example, in the morning, the price of Bitcoin in the Tether traded markets was above USD 7,000, but for the market that did not trade with Tether, this amount was $ 6,600. In short, it is possible to see changes in these prices depending on the volume of exhange service.

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Quote from: kakonhat on October 15, 2018, 07:41:16 AM

Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Yes, I show like that many times with different coins. I show like that which coins have high transaction fees and some are technical issues. And if there some error which you have seen, it doesn't stay for a long time.

i think it is normal, many traders use it to make a profit, by moving their assets in another exchange to the exchange, of course it is done quickly, because it will not last long

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Yes, I show like that many times with different coins. I show like that which coins have high transaction fees and some are technical issues. And if there some error which you have seen, it doesn't stay for a long time.

LSt56

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That is a natural thing, because every exchange has different traders and different types of volume. This will affect the demand and supply on a coin in an exchange, many of the traders who use this to seek profit by way of arbitration.

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the possibility can happen and the case often happens with some exchange places sometimes not just in bitcoin but some other altcoins that are priced usually have differences and many also use such moments to be able to make a profit, so you can better use the moment is to make purchases and sales in different markets.

Altcoins enthusiast

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

There may not be any reason than traders activities or the some other trading issues that is affecting the price in one exchange. That is what traders called arbitrage trading as you can take advantage of buying from one exchange and sell in the second one.

Victorycoin

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Quote from: tenakha on October 11, 2018, 09:56:33 AM

Sure, it is possible. Already the price of each digital currency is different in each exchange. It isn't possible to have the same price in all of them, because the demand-supply determines the price and accordingly, the price is different in every exchange.
This is called ''scalping'' and is a way to make some profit. But, the prices are always variable, that's why earning is risky with scalping.

Yes it is very possible to have differences in price across exchanges because there is no central authority that sets or regulates the price, rather each exchange comes up with their rate based mostly on the demand and supply. However arbitrage is the right word and scalping is something else.

alex0808

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Unreal, about $800 difference now https://imgur.com/a/bHdiTKV https://coinalyze.net/

naruto7676

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100$ Is okay for traders like me to start 100$ to invest im trading is enough for me to earm some extra money even you funds is100$ only.

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

the number listed on the website and the price of the original market will usually be fast, the average market has its own ability so that prices are similar to other markets. so that people who will arbitrate will think many times, withdrawal fees, confirmation time

ubercool

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There are many reasons for that to happen. A common assumption is that as the crypto is decentralized you cant control over the price or volume but most of the time it is manipulation by group of people or whales.

alex0808

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found this article which explain why such a difference https://www.ccn.com/whats-causing-2-bitcoin-premium-on-bitfinex-possibility-of-arbitrage/

rangnatht

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Somtimes I also saw the price difference on different exchanges but almost every big exchanges have a same price. Also in the present time their are so many exchanges with no volume... Theses shit exchanges have no enough volume so sometimes price could be high 400% and somtimes 400% down... I prefer binance and coinbase for watching the price... Its legit and make you confirm that you get good deal...

figmentofmyass

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

i'm surprised no one pointed this out: Crypto Exchange Bitfinex Suspends Fiat Deposits, Expects to Resume 'Within a Week'

if you look on reddit (and around this forum), there's plenty of complaints about bank wires not being paid to customers, going all the way back to august. this is obviously the source of the price premium---in order to cash out, bitfinex users need to buy BTC and sell it on other exchanges.

this happened throughout 2017 too. bitfinex and tether couldn't cash anyone out for several months. there were times when my bitfinex/USDT funds were devalued by 10% because of it!

i expect the current 2% premium to rise.....

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

I think it is normally if between exchanger will have different price even it is really far. Because it is depends on trade activity on each market. If you can take benefit of that, you can do arbitrage but you must know if there is good condition to do it.

o_e_l_e_o

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Quote from: cryptowolfsu on October 13, 2018, 10:09:28 AM

The price difference between exchanges is called arbitrage. That is a risk free profit but you have to be careful about
liquidity on both exchanges, transaction time and fees, deposit and withdrawal fees.

You are both right and wrong in the same sentence. Arbitrage is absolutely not risk free for all the reasons you then point out. In the time it takes you to transfer your coins, the gap can close or the price fluctuate wildly. Exchange, deposit and withdrawal fees can easily eat all your potential profits and more leaving you at a net loss, even if the price gap remains stable. Low liquidity can stop you from selling altogether.

Yes, there are profits to be made with arbitrage, but it's usually by bots with fiat and BTC already sitting on a couple of exchanges waiting for opportunities to arise. By the time the average trader gets involved, the gap is usually closed.

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Yes, its possible but those gaps wont really last long for sure yet these kind of opportunities when theres such price gaps between exchange would really be the best time to make some arbitrage but since you do talk about Coinbase i dont think it would really be that easy but as long you can able to benefit on those price gaps then it would be worth to try on.

The Sceptical Chymist

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Quote from: otundebis on October 12, 2018, 07:00:11 AM

Arbitrage opportunity presents itself every now and then between exchange and if you have fund present in both exchange, you can make a decent profit in a very short time.

Every now and then, yes, but a $100 difference between two exchanges seems kind of extreme to me. It's a well-known fact in the stock market that arbitrage opportunities are rare, because traders quickly take advantage of them and in doing so close the price gap and eliminate said opportunity.

I recall very vividly back in 2014 that bitcoin was selling for a much higher price on Mt. Gox than it was on the other exchanges, but in that case the reason was that people weren't confident they'd be able to withdraw their fiat from Mt. Gox. I'm not sure why there's such a price discrepancy here with Coinbase and Bitfinex. It certainly does seem like it would be a great way to make some easy money. Too bad Coinbase canceled my account there a few years ago. Oh well.

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Quote from: tenakha on October 11, 2018, 09:56:33 AM

Sure, it is possible. Already the price of each digital currency is different in each exchange. It isn't possible to have the same price in all of them, because the demand-supply determines the price and accordingly, the price is different in every exchange.
This is called ''scalping'' and is a way to make some profit. But, the prices are always variable, that's why earning is risky with scalping.

The price difference between exchanges is called arbitrage. That is a risk free profit but you have to be careful about
liquidity on both exchanges, transaction time and fees, deposit and withdrawal fees.
Scalping is a trading style in taking profits on small price changes.

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If its easy to do the arbitrage trading, everybody would have been doing it. Its easy to keep hopping from one exchange to another, its the transactions confirmation that is going to let you fail. A lot of us might also be doing it right now so its a battle of who get to dump the first as well so if you are seconds late, you get a price of $10 difference.

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Not only in those exchange you can find lot of difference in the prices between the exchanges Bitcoin Markets but there will be even so much difference between the different trading pairs so it is not new in the crypto so you can also make money by using that price difference between trading platforms which is called arbitrage trading.

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Simple arbitrage question. I mean every newbie out there asked the same question one day or another. Unfortunately the difference caused by the fact that those exchanges have their own markets, their own people who sell and who buy which means these are different people reacting to market however the difference is there constantly because of the different volumes reacting different.

It is never too much because arbitrage people make sure to take advantage of any big amount and close that gap eventually but for regular people it is just regular buy/sell amounts being different in there for a while and never above the % fee they take.

BitBay*

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

The rates of individual cryptocurrencies on the exchanges result from transactions made by Users, so in other words - the rate is made by Users themselves as it's the Users who set up for what price they want to buy/sell

otundebis

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Arbitrage opportunity presents itself every now and then between exchange and if you have fund present in both exchange, you can make a decent profit in a very short time.

buwaytress

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Got to understand that some exchanges list a price they are offering to you, while others are listing offers from other traders. In the end, it generally works out to be the same price, although there are some ways some traders try and make profit from the differences across exchanges. Someone mentioned scalping, I believe arbitrage is more accurate to describe this action. Popular especially when price discrepancies happen, as has happened in past when demand spiked in S Korea, parts of Africa, Iran, and in India when it even dipped after a govt (temporary) ban.

In reality, Bitcoin's volatility makes it difficult to do this, price can move very quickly so unless you're on high liquidity exchanges, you might just as easily get stuck with losses that quickly add up. Manually managing accounts across different exchanges also not

Quote from: alex0808 on October 12, 2018, 05:08:58 AM

Does Bitfinex trades BTC/USDT, not BTC/USD ?

That's exactly what he said.

Findingnemo

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

It is just common that the price difference between the exchanges but it may change at any moment so if you want to try arbitrage trading then you need to know the risk involved there and also you need to exchange huge amount if Bitcoin to save profits from the transaction fee.

alex0808

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Quote from: Seetheummerallyeah on October 11, 2018, 11:14:23 AM

Typically yes, but in this case NO. The reason why there is a $100 difference between the BTC price on Bitfinex/Binance vs Coinbase is because Bitfinex trades BTC/USDT while Coinbase is directly BTC/USD. USDT, or tether, is currently a tiny bit below it's supposedly stable price, which is why you see the price difference. (USDT is currently $0.992881 compared to USD which is always $1)

Does Bitfinex trades BTC/USDT, not BTC/USD ?

Seetheummerallyeah

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Quote from: shield132 on October 11, 2018, 11:16:03 AM

Seetheummerallyeah
I didn't know that but why is coinbase's rate lower than preev's rate?

For preev all they do is take the average price of multiple exchanges. By default its Kraken and Bitstamp but if you also select Bitfinex the displayed price will be much higher.

shield132

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Not only between bitfinex and coinbase, bitttex also has the same price as bitfinex. Btw on coindesk, price is nearly the same of what's on coinbase. Coinbase's rate is lower than preev's rate which isn't normal to my mind.
Personally I rarely see prices on exchanged, I use coindesk to know price.

Seetheummerallyeah
I didn't know that but why is coinbase's rate lower than preev's rate?

Seetheummerallyeah

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Typically yes, but in this case NO. The reason why there is a $100 difference between the BTC price on Bitfinex/Binance vs Coinbase is because Bitfinex trades BTC/USDT while Coinbase is directly BTC/USD. USDT, or tether, is currently a tiny bit below it's supposedly stable price, which is why you see the price difference. (USDT is currently $0.992881 compared to USD which is always $1)

tenakha

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Sure, it is possible. Already the price of each digital currency is different in each exchange. It isn't possible to have the same price in all of them, because the demand-supply determines the price and accordingly, the price is different in every exchange.
This is called ''scalping'' and is a way to make some profit. But, the prices are always variable, that's why earning is risky with scalping.

alex0808

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Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Topic: $100 price difference between exchanges ... (Read 715 times)