Because of trading volume from that coin/token. If they have low liquidity, the buy wall will very thin and an small order can dump their price, and trading activities is low on the exchanges is another reason, which make the price different.
The point is no one is interested in trading the token, and only bots do the trading. Although it is very fast to get profit "because the spread between buy and sell orders is quite far" but my advice is avoid to trading this type of token, because it is very risky to be stuck at high prices 
Topic: why some shitcoins has different price on diferent exchanges? - page 2. (Read 280 times)
Sistemkoin is literally a scam, people do not realize this but last I asked you need to pay them just 8 bitcoins and they will list your coin, we are talking about just 8 bitcoins, nothing more nothing less, it could have absolutely zero volume for a while as well, just to notify your investors that you are finally listed and they could use that place, it is basically a front for fake scam ICO's to get paid hundreds of bitcoin by the community and then use 8 bitcoin to list it there to make it look like they are actually doing something, then they just vanish and sistemkoin is the only place you can see how worthless the coins you traded became. Long story short the prices are different because almost all of those scam coins are worthless anyway, if they worth anything people would have arbitraged it already.
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It happens so often. This is mainly because of the site volume, lack of trader, and people don't like these coins more. But do you know it has an advantage? That is arbitrage trading. You can buy the coins at lower prices and sell them for higher prices when you see such price discrepancies on different exchanges. But there are some precautions should be taken. Before you trade you need to know everything about the site you want to trade, such as whether KYC will be required, how long it takes to withdraw, whether the exchange supports your country.
Because of trading volume from that coin/token. If they have low liquidity, the buy wall will very thin and an small order can dump their price, and trading activities is low on the exchanges is another reason, which make the price different.
All right. Low capitalization - low liquidity. If you look carefully, you can often see that there are no buy orders for this kind of non-liquid coin, or there are few of them, and buy and sell orders differ very much.
When such a coin is on several exchanges, then due to its non-liquidity, the price can be very different. Volumes of such coins are often supported by bots.
It's basically because of different volumes that both the exchanges get different volumes and different types of trading activity which is why there is a major difference in trading prices. Moreover, shitcoins generally experience such a thing because they have almost negligible volumes over various exchanges. Some group of traders collectively push the price on one exchange thus creating massive price differences on that exchange from the other exchanges. This can happen with almost any coin, even BTC. You can see price on certain exchanges is higher than the others but price deviations are lesser because of high market cap.
Because of trading volume from that coin/token. If they have low liquidity, the buy wall will very thin and an small order can dump their price, and trading activities is low on the exchanges is another reason, which make the price different.
This is not a fraud, some markets do have different prices. there may be several factors that cause one market to have more demand than others. however, as long as it can still be traded, and the project is still running I don't think there is an element of scam here. even that is clearly seen from different volumes, where one market has a smaller volume than the others. besides, we don't know whether a market with a small volume opens a deposit on that token or not.
Usually this is often referred to as price manipulation, so that the price of coins among other places of exchange has a price difference with a very falling distance and like this provides a trap for fooled traders.
These prices are different simply because bitcoin price in pair to USD is also different on each market. So altcoin rate to Bitcoin would be also different.Usually, the difference isn't too big, if anyone find a big difference on it then it could be a manipulation or even a scan
There's definitely nothing scammy about this and in fact it would offer an arbitrage opportunity if a trader could execute trades quick enough and if there was enough volume to do it.
You'll only see this with thinly traded tokens or coins, I think. The last time I saw bitcoin trading at such different prices was back when Mt. Gox was going out of business and its customers didn't know if they'd be able to withdraw their coins. Bet this happens a lot with some of the lesser known, lesser quality coins that trade for just a few satoshis (if they even trade on more than one exchange).
You'll only see this with thinly traded tokens or coins, I think. The last time I saw bitcoin trading at such different prices was back when Mt. Gox was going out of business and its customers didn't know if they'd be able to withdraw their coins. Bet this happens a lot with some of the lesser known, lesser quality coins that trade for just a few satoshis (if they even trade on more than one exchange).
Yes every exchanges is always have different prices, because that is depend on how many people trade there and volume.
If like new coin with low volume, there is will have a big gap with seller and buyer.
That is can be opportunity to arbitrage, but you must calculate detail how much fee, time and price you target.
If wrong, not only lose your money but also your time.
If like new coin with low volume, there is will have a big gap with seller and buyer.
That is can be opportunity to arbitrage, but you must calculate detail how much fee, time and price you target.
If wrong, not only lose your money but also your time.
You also can consider bots which being used from different exchange, this type of system needs to be learned before trading in any exchange. Some see arbitrage opportunities and jump right away, only to find out that there's no real volume and once the deposit money being added price of the target coin change up.
It is very important to everyone to know all the factors and grounds around trading business, the more you know the more safe your capital will be.
It is very important to everyone to know all the factors and grounds around trading business, the more you know the more safe your capital will be.
Usually this is often referred to as price manipulation, so that the price of coins among other places of exchange has a price difference with a very falling distance and like this provides a trap for fooled traders.
Usually such thing happens with a coin which has very less volume. You could see a huge difference in prices but such arbitrage opportunities aren't worth enough because of little or no volume. Exchange fees would make it worthless. Sometimes what happens is that exchanges close withdrawal or deposits or both due o maintenance. In such cases too price of a coin on such exchanges get manipulated and there's a huge difference between the price of 2 exchanges.
for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI
is there a scam behind the scenes?
Is not only what you called shitcoins that has different prices on a different exchange but almost all the coins has a little different in terms of value even Bitcoin itself let alone what you called shitcoins. I don't know if you are familiar with arbitral trading? If your answer is yes then you shouldn't have as this question but if your answer is no then I will say it is a normal situation which can benefit you if you are a trader.https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI
is there a scam behind the scenes?
But in my example I can see enough buyers...but you are right, I didn't consider trade fees and withdrawal fees.
Also check if the wallet is online or offline .
If the wallet is offline you cant sell or transfer there.
well, I'm a novice trader and I'm afraid this be a scam, therefore I don't think doing that.
Is not only what you called shitcoins that has different prices on a different exchange but almost all the coins has a little different in terms of value even Bitcoin itself let alone what you called shitcoins. I don't know if you are familiar with arbitral trading? If your answer is yes then you shouldn't have as this question but if your answer is no then I will say it is a normal situation which can benefit you if you are a trader.
But in my example I can see enough buyers...but you are right, I didn't consider trade fees and withdrawal fees.
Also check if the wallet is online or offline .
If the wallet is offline you cant sell or transfer there.
This is not a scam but it is true that every trade on the exchange is different as the example you mentioned BRZE / BTC in Sistemkoin and Vindax because demand is greater in Sistemkoin then prices will increase and demand in Vindax is very low and this can be arbitrated by traders and things this is normal for me.
It's mostly because this certain token has very low trading volume and really bad liquidity on these exchanges. In summary, chances are that there's not much people trading them hence the price premiums. This is one of the reasons why some people do arbitrage between decently big exchanges, and the smaller and lesser known exchanges; because of the price premiums.
There's a slim chance that it's because one of the exchanges is fraudulent, but I'm leaning towards the former in this case.
There's a slim chance that it's because one of the exchanges is fraudulent, but I'm leaning towards the former in this case.
for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI
is there a scam behind the scenes?
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI
is there a scam behind the scenes?
It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.
for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI
is there a scam behind the scenes?
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI
is there a scam behind the scenes?
Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?
Because of liquidity. As you can see. If a guy bought cheaper on exchange A and sell to exchange B. Then you will notice that there is no buy order that can complete his order, only sell order is higher.
You must consider the withdrawal fee too on exchange. Sometimes the withdrawal is higher compare to the difference in price considering the volume of the token that you will trade.
But in my example I can see enough buyers...but you are right, I didn't consider trade fees and withdrawal fees.
Such also happens with the forex market too as different brokers have slight differences in their price quote and that fluctuates depending on the demand to buy and sell which creates volatility. So, I'm not surprised with crypto where regulation isn't the order of the day.
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