Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Krismin on November 15, 2017, 10:03:42 AM



Title: noob ? difference in purchase price and when it arrives in wallet
Post by: Krismin on November 15, 2017, 10:03:42 AM
why the big difference between the price you buy and when it arrives in bitcoin wallet i.e. it was 0.1 BTC FOR 528.7gbp when arrival it was approx 485 for 0.1BTC all within 10 mins

Cheers


Title: Re: noob ? difference in purchase price and when it arrives in wallet
Post by: EXtremeAEX on November 15, 2017, 10:12:00 AM
There could be several reasons for this, firstly, where did you buy your Bitcoins from? From a local trader, exchange site, or BTC bank? Some places charge a higher amount than what it is to earn profit, which you may have bought at a higher price.

Next, the price of Bitcoin may have dropped in the few hours that you check, so make sure you keep a record of the cost and date+time of when you bought it. It is always a good habit to keep a portfolio or logbook of your transactions so that you can refer back in the future. :)


Title: Re: noob ? difference in purchase price and when it arrives in wallet
Post by: Krismin on November 15, 2017, 11:21:12 AM
bought in uk from bittylicious using bank transfer, it was all done very quick. so BTC never fluctuated that much. i think its down to the exchange as my wallet is using a different exchange rate. There is no set BTC/GBP rate.


Title: Re: noob ? difference in purchase price and when it arrives in wallet
Post by: asdlolciterquit on November 15, 2017, 11:34:52 AM
well, you have 0.1btc before and after. I think that this is what matter. Conversion in fiat version always rapidly change.