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Topic: CHINESE YUAN TO BITCOIN PRICE??? (Read 225 times)

newbie
Activity: 24
Merit: 0
August 02, 2017, 11:17:10 AM
#1
Your website and other exchanges list the price for Bitcoin in Chinese Yuan with a 16% discount. Why? As of Viewing the exchange prices Bitcoin at $1323 USD and at 7922 Yuan. This is a 6 to 1 exchange rate Yuan to dollar. However, the current exchange Yuan to dollar is more like 7 to 1. Why the disparity? I’m in China and can buy Bitcoin on Localbitcoins.com from Chinese dealers and the lowest price is 9260 Yuan which is at the actual true exchange rate of 7 to 1. I’m just curious if there is a mistake or if there is a cheaper way to buy if one has Yuan?? Thanks, Miles
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