Topic: ETH rate conversion and exchanges dirty business (Read 577 times)
Probably some commission during changing, or the course fell.
Prices in exchanges are determined by buyers and sellers and I don't think exchanges manipulate the prices. When you are using an exchange to buy your ETH, You are just using that exchange, and there is another person which is buyer.
Prices are determined by demand and supply.
Prices are determined by demand and supply.
I am located in Thailand and I use https://bx.in.th
But for Day Trading I use http://HITBTC.com
Right now, ETH is $314 at HITBTC, and $325 at BX.IN.TH (don't know why)
I have 11 ethers that I want to convert to fiat. The THB is the currency of Thailand.
If I use HITBTC directly to send on my Thai bank, I get $3454 -> 114,829 THB(conversion from the website)
If I move the Ether from HITBTC->BX.IN.TH, and I send to my bank from BX I get $3,943,7 -> 118,612.7 THB (conversion from the website).
I used BX of course and got this money minus their commission: 117,698.00 THB
How is this possible?
But for Day Trading I use http://HITBTC.com
Right now, ETH is $314 at HITBTC, and $325 at BX.IN.TH (don't know why)
I have 11 ethers that I want to convert to fiat. The THB is the currency of Thailand.
If I use HITBTC directly to send on my Thai bank, I get $3454 -> 114,829 THB(conversion from the website)
If I move the Ether from HITBTC->BX.IN.TH, and I send to my bank from BX I get $3,943,7 -> 118,612.7 THB (conversion from the website).
I used BX of course and got this money minus their commission: 117,698.00 THB
How is this possible?
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