Topic: Binance BTC price? (Read 185 times)
I guess the last question is: When they show the USD price for IOTA being $4.35, is that actual dollars or token $s? I don't know how I'm EVER going to get my taxes done right!!
Can't get your point clearly but binance is trading platform so they don't take price from other bitcoin exchange platforms.
They have USDT-BTC pair where buyer/seller set orders to buy/sell bitcoin and bitcoin price there is in terms of USDT not interms of USD like in Gdax or coinbase.
USDT always tend to maintain 1:1 exchange rate with USD but sometime it might valued lower or higher than that.
IOTA-BTC pair might have moved up so you can't get equal amount of IOTA from those bitcoin you have got after selling IOTA in past.
They have USDT-BTC pair where buyer/seller set orders to buy/sell bitcoin and bitcoin price there is in terms of USDT not interms of USD like in Gdax or coinbase.
USDT always tend to maintain 1:1 exchange rate with USD but sometime it might valued lower or higher than that.
IOTA-BTC pair might have moved up so you can't get equal amount of IOTA from those bitcoin you have got after selling IOTA in past.
I wrote a big long explanation, and then finally so the BTC/USDT price on there! That explains a lot. Does the BTC/USDT not move as much as the BTC/USD price? I would have thought that if BTC/USD went up 10% then the BTC/USDT would too?
Thank you for your time.
Can't get your point clearly but binance is trading platform so they don't take price from other bitcoin exchange platforms.
They have USDT-BTC pair where buyer/seller set orders to buy/sell bitcoin and bitcoin price there is in terms of USDT not interms of USD like in Gdax or coinbase.
USDT always tend to maintain 1:1 exchange rate with USD but sometime it might valued lower or higher than that.
IOTA-BTC pair might have moved up so you can't get equal amount of IOTA from those bitcoin you have got after selling IOTA in past.
They have USDT-BTC pair where buyer/seller set orders to buy/sell bitcoin and bitcoin price there is in terms of USDT not interms of USD like in Gdax or coinbase.
USDT always tend to maintain 1:1 exchange rate with USD but sometime it might valued lower or higher than that.
IOTA-BTC pair might have moved up so you can't get equal amount of IOTA from those bitcoin you have got after selling IOTA in past.
Does anyone know what or who's price Binance uses for BTC price for the pairings? The reason I ask is: I saw BTC rallying on GDAX, so I sold some IOTA for BTC. BTC went up, IOTA didn't move, and now I can't get as much IOTA back as I had in the first place. I didn't expect they used GDAX's price, because it's always higher, but where do they get their price for BTC?
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