Bitcoin Forum

Economy => Exchanges => Topic started by: ninjaboon on August 17, 2015, 05:55:03 AM



Title: XBT pricing on XE.com
Post by: ninjaboon on August 17, 2015, 05:55:03 AM
Where does XE get this price? I told my friends that it's impossible to get that price from an exchange.

http://www.xe.com/currencyconverter/convert/?Amount=1&From=XBT&To=USD


Title: Re: XBT pricing on XE.com
Post by: Kazimir on August 17, 2015, 06:11:17 AM
They probably take a 24 hour average from some exchange. Perhaps Bitstamp.

What do you mean "impossible to get that price from an exchange", to retrieve that value? (through an API) or you mean to "get that price" as in, selling bitcoins and actually receiving that amount?

First: yes that's possible, most exchanges have an API.
Second: depends, typically the average price of the past 24 hours will not be exactly the same as what you're paying or getting now. It also largely depends on the volume you want to trade.


Title: Re: XBT pricing on XE.com
Post by: coinpr0n on August 17, 2015, 07:01:03 AM
Well, the rate happens to be exactly what it is on Bitstamp right now. But for what it's worth, http://www.xe.com/faq/rates_buyorsellrates.php (they use mid-market rates).



Title: Re: XBT pricing on XE.com
Post by: Envrin on August 17, 2015, 07:03:50 AM
Google Finance has a BTC rate now too:

https://www.google.com/finance/converter?a=1&from=BTC&to=USD



Title: Re: XBT pricing on XE.com
Post by: tadakaluri on August 17, 2015, 08:35:20 AM
XE uses Bitstamp rates for Bitcoin.


Title: Re: XBT pricing on XE.com
Post by: randy8777 on August 17, 2015, 10:28:21 AM
they indeed do seem to use bitstamp. but i would prefer it if they used the average price of several large exchanges like coindesk is doing.


Title: Re: XBT pricing on XE.com
Post by: Yoshi24517 on August 18, 2015, 01:22:09 AM
well, i actually dont mind, cause on blockchain,info, it uses bitstamp.