I always check the price at preev (it has a weighted average of bitstamp, localbitcoins, kraken (EURO and bitfinex).
If you go here you find the biggest markets and various rates (for comparison)
http://coinmarketcap.com/currencies/bitcoin/#markets
Topic: what exchange is usually used in quoting prices for trades (Read 665 times)
Despite what most people above say, I most often see bitstamp as the price of reference in the currency exchange section. Which is strange because for the most part, bitfinex appears to usually have greater volume then bitstamp (although both volume levels are very high).
I personally like to quote coinbase exchange rate because that is what I will use to exchange into and out of fiat. (This actually may be why bitstamp is more widely quoted then bitfinex because their verification process seems to be easier then bitfinex, making it easier to get fiat into and out of bitstamp).
I personally like to quote coinbase exchange rate because that is what I will use to exchange into and out of fiat. (This actually may be why bitstamp is more widely quoted then bitfinex because their verification process seems to be easier then bitfinex, making it easier to get fiat into and out of bitstamp).
But still, shouldn't we quote the biggest Usd exchange by the volume out there, regardless of the verification process? It might be rather that people are used to quoting Bitstamp as they were the biggest before their hack!
This was always weird to me. Everyone is quoting Bitstamp but Bitfinex is bigger than them. I have Bitfinex price on my Bitcoin widget. I don't know, it just makes sense following the biggest.
I use coinbase too. It is the one that was more easy to setup for me for doing transfers with my banka account.
The most used websites are btc-e, preev.com, bitstamp, kraken, coinbase and I mainly use blockchain.info, preev and bit-x rates.
This! All of them mostly are recommended by users. I prefer Coinbase due to the fairly quick transfers between my bank account. But I guess that depends on the bank ..
the rate from whichever exchange you are going to trade the bitcoin yourself makes more sense - otherwise you may end up with a loss.
if not that, I'd use the exchange with the most volume in the currency of your choice, as they are also likely to have the smallest bid-offer spread.
if not that, I'd use the exchange with the most volume in the currency of your choice, as they are also likely to have the smallest bid-offer spread.
Despite what most people above say, I most often see bitstamp as the price of reference in the currency exchange section. Which is strange because for the most part, bitfinex appears to usually have greater volume then bitstamp (although both volume levels are very high).
I personally like to quote coinbase exchange rate because that is what I will use to exchange into and out of fiat. (This actually may be why bitstamp is more widely quoted then bitfinex because their verification process seems to be easier then bitfinex, making it easier to get fiat into and out of bitstamp).
I personally like to quote coinbase exchange rate because that is what I will use to exchange into and out of fiat. (This actually may be why bitstamp is more widely quoted then bitfinex because their verification process seems to be easier then bitfinex, making it easier to get fiat into and out of bitstamp).
While I use http://preev.com/ for quick reference, this site https://bitcoinwisdom.com/ has some graphs for comparison (Osgood - I need graphs, *lots* of graphs!)
thank you all for your replies i wont feel bad about using the price on btc-e . any way thanks for the heads up
i would like eventually to buy a bit of bitcoin using pokerstars dollars american dollars on pokerstars when the time comes i will come and post a request
thanks to all who replied
i would like eventually to buy a bit of bitcoin using pokerstars dollars american dollars on pokerstars when the time comes i will come and post a request
thanks to all who replied
The only site that I have ever seen people use is preev.com
I have used it for years and it seems to be the most reliable and equally unbiased platform.
I have used it for years and it seems to be the most reliable and equally unbiased platform.
mostly is where you from but bitstamp, kraken, coinbase and btc-e are think mainly to use
you can use any exchange if you like
you can use any exchange if you like
The most used websites are btc-e, preev.com, bitstamp, kraken, coinbase and I mainly use blockchain.info, preev and bit-x rates.
I saw many ppl here are using bitstamp for the exchanges. According to the payment method you are using, they could be +% on top of the rate!
most popular is preev.com, some use .kraken.com or coinbase
the reason i am asking is that i would like to acquire a bit of bitcoin and want to offer the right amounts for trades there is such a variance in prices between exchanges . I use BTC-E
thanks for any information
thanks for any information
Jump to: