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Why BTC prices different on various exchanges?

by techhawk
8 replies
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Why are prices different on various exchanges? Theyre all different, some by a significant amount as well .
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  • Profile picture of the author avengedsfn
    Exchanges don't set the price. The people that sell the currency do. Exchanges set their fees. So if the fees are low, there will be advantages obviously for the buyer/seller at that exchange.
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    • Profile picture of the author techhawk
      Can't seem to find a site with less than .20% transaction fees.
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      • Profile picture of the author avengedsfn
        The lowest as far as I know for now is on Bithumb @ 0.15% and it's not fixed for all transactions, the larger the amount the less the fee or you can also use coupons which will decrease the fee up to 0.075%
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      • Profile picture of the author DWolfe
        Originally Posted by techhawk View Post

        Can't seem to find a site with less than .20% transaction fees.
        Don't expect them to get much lower than that. They need to pay for operations and hope to make a profit. If not might as well shut the lights off.
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      • Profile picture of the author yukon
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        Originally Posted by techhawk View Post

        Can't seem to find a site with less than .20% transaction fees.


        You do realize that's less than one percent, right?

        That's basically a free transaction.

        They make their money by processing thousands of transactions each day. That's why the percentage is so low.
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  • Profile picture of the author hardraysnight
    buy with cash face to face
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    These guys helped me with the feedback for my site
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