Why are prices on cex.io/gatecoin/livecoin higher?

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: vanish9 on January 21, 2018, 01:01:09 AM

You are right, but you are wrong at some point.
The price is determined by those who are buying/selling in there, each exchange has it's own rates, and it changes everytime that there are big whales selling or buying. And people is using "arbitrage" in order to make profit from that.

Quote from: mk4 on January 21, 2018, 12:12:35 AM

Because those exchanges exist to make money. And how do they make money? By buying coins for cheap and selling the coins for a higher price.

You're also right at some point. But we're talking about cex.io here. User's cant choose their buy and sell price on cex.io, as it doesn't work the same way with other exchanges like Bitfinex, Binance, Bittrex, etc. The buy and sell prices are set by cex.io themselves:

Screenshots:
https://i.gyazo.com/350ebaba5622a2aa76082a518dbca702.png
https://i.gyazo.com/f703a4612b8392ac6bf42c03302d5bb1.png

crairezx20

legendary

Activity: 1638

Merit: 1046

Yes it always depends in how many people are buying in same exchanges if there are lots of buyers in the same exchanges expect that the price of the coin could be increase and lots of sellers in the other exchanges had lots of sellers the price would be decrease..
this is not because of volume if there are lots of traders in the same coins the volume increases but if the buy and sell is balanced the price still the same. So its a basic rule of demand and supply.. that is why other smart trader are buying to other exchanges and sell them in other exchanges just to get more profit because you sell your coins in other exchanges which is more higher sell value than the other exchanges..

vanish9

full member

Activity: 154

Merit: 100

You are right, but you are wrong at some point.
The price is determined by those who are buying/selling in there, each exchange has it's own rates, and it changes everytime that there are big whales selling or buying. And people is using "arbitrage" in order to make profit from that.

Quote from: mk4 on January 21, 2018, 12:12:35 AM

Because those exchanges exist to make money. And how do they make money? By buying coins for cheap and selling the coins for a higher price.

pandanaran

full member

Activity: 1048

Merit: 101

Every exchanger has different volumes and requests so it's natural that the price in each exchanger is different, and because of the difference in price in the exchanger there is also a search for the profit and this is called arbitrage.

h0lybyte

hero member

Activity: 924

Merit: 511

There are always price a little price differences in tokens due to trade volume of respective exchange platforms but prices are occassionally updated.
Each exchange also have difference in fee structure, it is upto you on which exchange you would like to trade. Those which have high trading volume may be charging more fee but chances to get sales more faster than others

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Because those exchanges exist to make money. And how do they make money? By buying coins for cheap and selling the coins for a higher price.

voddaas

newbie

Activity: 2

Merit: 0

Per title. Is it because of withdrawal issues?
http://pix.toile-libre.org/upload/original/1516501663.png

Will appreciate any insights on this, please.

Topic: Why are prices on cex.io/gatecoin/livecoin higher? (Read 163 times)