Topic: Big difference in BTC price in local market ? (Read 1001 times)
Surely this gives him an advantage over because he sees the distance giving him the advantage. You can not expect exactly the same amount in both places. In each country, btc prices will change. In each country, the difference in exchange rates of Bitcoin is different. A few days ago in the UK I saw the price of Bitcoin at half the price. Many people use it differently than international marketing to make good profits in a certain way of making money.
Its a very posotive news that etoro reduced spread on a variety of cryptos. Just received this email.
To make crypto trading and investing more accessible, we have reduced the spreads for all crypto assets to no more than 2.9%, including cutting the spread for Bitcoin in half. The reductions include:
BTC - Reduced from 1.5% to 0.75% against all fiat currencies
BCH - Reduced from 5.0% to 1.9%
To make crypto trading and investing more accessible, we have reduced the spreads for all crypto assets to no more than 2.9%, including cutting the spread for Bitcoin in half. The reductions include:
BTC - Reduced from 1.5% to 0.75% against all fiat currencies
BCH - Reduced from 5.0% to 1.9%
it depends on the local currency exchange rate in each exchange, many people do arbitase because of the big difference, but the price of btc is very fast changing, if we do arbitase we are often hampered by the network and the ability to speed delivery from exchange 1 to other exchanges so we miss high prices
Yes, it is true that there is a big difference in the price of bitcoin on local exchangers, exchange in my country also gives a lower price than the price of bitcoin on other exchanges, I am also confused as to why that can happen, but we can seek profits faster, such as we buy at local exchangers whose prices are lower, and sell on exchanger which is more expensive, we can make a quick profit.
the difference is due to the liquidity of the exchange itself, but it is quickly eliminated because there are arbitrage
I have seen many times that in local market BTC price are quite change from international market. Once the price of BTC in Indian market (Zebpay)used to be 2-3 lacks more than the price in bitfinnix. But todayBTC price in Indian price is 1 lack less than the price in bitfinnix , which is big ammount in terms of percentage.
Bitcoin is the payment system of the future. It has both pros and cons. Not so long ago, three months ago, I was looking on the Internet for a quick and high income. 
Since Indians can not buy Bitcoin from Coinbase, they are stuck buying from local suppliers. Suppliers know that their buyers can not buy from suppliers outside the country. The reason for the price difference is the transfer fee between bitcoin trading floors and bitcoin trading fees for fiat currencies. In order to earn an accurate sum of money, people will definitely use these differences. You should know what is said in my friend.
A lot of people will use the difference between the reason for the market value.the chance buy from a native creation cost the extra fees.because they are looking to safe their asset balance from being arbitration.
In my opinion, due to geographical and banking restrictions, to buy Bitcoin from a provider in any country, you must have a bank account and ID in that country. Therefore, the prices of local suppliers are not dependent on international suppliers. That is why, until international suppliers start trading in a country like India, prices may be higher or lower than global prices.
Just my guess since local markets have different regulations and rules but the internal demand of the local exchange might play a key here. Also, the fees are much higher hence the difference in price because of the said regulation.
I have seen many times that in local market BTC price are quite change from international market. Once the price of BTC in Indian market (Zebpay)used to be 2-3 lacks more than the price in bitfinnix. But todayBTC price in Indian price is 1 lack less than the price in bitfinnix , which is big ammount in terms of percentage.
The difference is because each market has a different market activity and a number of users so the price difference is considered reasonable because the global market has more activity than the local market.
There's a difference in local market with the international market.
Don't expect that you'll get exact amount from the international market. This is to avoid the arbitrage trading from local traders and take advantage of their local market to the international market. If you want an exact amount then trade not to your local exchange.
If there is a big different then its not surprising since the exchange is not connected betwen first and the other exchange. In the exchange only a trader who have account inside can trade and the trader betwen those exchange might be different so its not suprising if ita different. Don't expect that you'll get exact amount from the international market. This is to avoid the arbitrage trading from local traders and take advantage of their local market to the international market. If you want an exact amount then trade not to your local exchange.
Indian market prices frequently fluctuate there is big price difference in prices between btc usd and btc inr the main reason is indian exchange spike the prices every now and then
Arbitrage. Difference prices because activity trading on aboard market was very high rather than local market, every local market has limited pair and set limit for trading, as we seen the different price only small/not much, because they are looking to secure their asset balance from being arbitrage.
There always will be a difference between btc price in local market. No need to worry.
Many people use it differently from international marketing to make a good deal in a certain way of earning money.
But this time of international exchange should go through a so-called KYC the new blockchain method ..
But this time of international exchange should go through a so-called KYC the new blockchain method ..
this is what causes the exchanger with arbitration feature more desirable by most people,
they take advantage of the price difference between an international exchanger and a local exchanger
although troublesome, but the benefits obtained quite sizable
they take advantage of the price difference between an international exchanger and a local exchanger
although troublesome, but the benefits obtained quite sizable
In each country, the difference in Bitcoin exchange rates is different. Because the supply and demand gap of each country is different. A few days ago in the UK I saw the price of Bitcoin is only half the price.
In each country, btc prices will vary. Depending on the demand for the sale will determine this. In my country. USDT 1.00 = USD 1.20
Yes there are lots of differences in the local market and the international market. You cannot expect the exact same amount in the both place. For this reason there is a variation.
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