Bitcoin Forum

How can I know the real market prices ?

coinmarketcap, livecoinwatch and coingecko have been giving me different prices the whole day.

For example now:

coinmarketcap: BTC= 14600$, ETH= 1363, XRP= 2.02
livecoinwatch: BTC= 14592, ETH= 1410, XRP= 2.38
coingecko: BTC= 15462, ETH= 1416, XRP= 2.00

The differences were bigger earlier.

Just wanting to get some of your info, experiences,.. about this.

I also use coinmarketcap to know the coin price, it is just a benchmark and can not be used as a reference. The actual price is the price that is on Exchange.

Coinmarketcap excludes the indicators of South Korean exchanges from crypto markets.
Lovers and newcomers perceive such a sharp change in the exchange rate as the beginning of a major correction.

yep, the prices on coinmarketcap are calculated by taking the volume weighted average of all prices reported at each market.
If you want to buy/sell, check the price on each market and choose the best one for trading or investing.

I use the coinmarketcap widely. They seek the information from the all available servers of exchangers which they have. I think they have the most accurate information because the have the many exchangers available. However you can always compare the market from where they are showing the maximum market volume by clicking the market section.


Soucre: Coinmarktecap.

You can see the differences according to the volume that is being driven into each of the pairs etc. The whole thing depends on that.

IYE, I also use the coin market cap, but I did not make reference to know the price of the coin. I use coinmarketcap.com as a reference to suply coin. because, as you say, the price is actually existing in the exchage/market.

Coinmarketcap widely used than coingecko and other marketplace analysis site but still there is no information about the price changes in the various marketplace site. If you check the value in the Coindesk and Preev also you will find the same issue you are finding here.
That is the reason if you involved any trade most of the traders goes with the preev value for calculating the payment with the bitcoin.

If you are looking at the prices for a coinmarketcap, the main page displays the average price from all the crypto currency exchanges. You can click on the crypto currency you are interested in and you will see exchange rates on all the stock exchanges separately.

This is how cmc calculates price "Price is calculated by taking the volume weighted average of all prices reported at each market." better use an app like blockfolio/bitcoin checker.

i'm currently using blockfolio and bitcoin checker to check my coins price/get alerts, on both these apps you can select which exchange the price data be shown from. i don't know of any website that does that, if i find any i'll update this post.

Coinmarket is on what you must do to get a price of the exchnage you want is find the coin then go to > markets and this will give you the price in every corresponding market available.

Coinmarketcap uses the average of the various markets globally and so of course the average of several markets will usually be lower or higher than the individual markets that added up to the average.So usually just check out the particular exchange from which you wish to buy or sell from and then make your trade.

Hmmm. I know coinmarketcap takes the average of most exchanges but I do know that they took away the Korean exchanges a couple days back. This is actually what's causing the huge drop in price across all coins recently. Korea was buying at a much higher price and now CMC doesn't account for any of that.

Coinmarketcap.com shows the average price of a coin.
People use coinmarketcap because it has wide range of coins added and Coins data.
Different exchanges has different price.
You can know the exact price in the market option in coinmarketcap.

Coinmarketcap sucks, it has excluded the Korean markets without a warning and has cost me several thousands of dollars. Now there are cryptocurrencies wich has there own life on the Korean markets....

Thank you all for your replies. Very interesting !

I did see in the recent past that the market price of individual exchanges as shown on cmc does not always/often correspond to the price that is really on that exchange..

Wow this Korean markets exclusion on cmc is a whole topic on its own and touches many things. I would like to know more. If cmc excludes them then the price on the exchanges drops too ? Do exchanges do use cmc to figure out their price ? Or exchanges do not include Koreans any more and this dropped the price ? Cmc is only one who shows or one who also influences price ?

Exchanges do not set prices at all. Prices are set by buyers and sellers. 

Coinmarketcap just the easiest way to look after the altcoin price. But just looking and not to use it for trading reference.
The exchanger price is the real price if you trading. Wherever you trade and always use its price to buy or sell.

Coinmarketcap is perfectly working fnie here. Its up and fast as well. I love coinmarketcap and check this site dozens of times everyday to check my coin prices.

Coincapmarket is working for me but I didn't know there was a big price difference yesterday because I only use coincapmarket to monitor my assets. Still the market is bleeding right now, I think it has also cause some panic to the people and I am hoping that the price will be back up soon, I miss the green days and I was thinking this month good coins will pump.

To know the price of of a coin you will only and can only know the real price in the market not on cmc or other price monitoring website. I don't really rely on what i see on cmc  but on the exchange website i want to purchase or sell mu coin.

you should ask yourself "why do i want to know these prices?"
the answer you give to this question will guide you on how you can get the real price that suits your need.

for example you want to know prices in order to:
- just know them and see how much everything is worth.
it doesn't matter what you use, you can get the price from anywhere since the accuracy doesn't play a role here.

- to know price of every single token and see what is performing well and what is performing badly that day.
in this case coinmarketcap and all the alternatives are good options as long as you can get ALL the coins information in one place. it is used to do some initial analysis on the market and see where the money is going to.

- to make trades based on recent price
for this case accuracy is the important factor so you can not use places such as coinmarketcap.com and alternatives because they update their prices with a big delay (5 minutes in this case) and for trading you need live price.
for this you should use the exchanges themselves either check the place you trade in or open multiple windows and watch different exchanges (or use their APIs in a program to fetch the prices)

- there may be more cases that i can't think of, feel free to tell us why so we can help better.

As far as I know, the most accurate statistics and price listing is coinmarketcap, all coinmarkets are created once they have been added to the coinmarketcap to be of great value and accurate to every coinmarketing detail. I believe that coinmarketcap is the most accurate, while other trading floors they can update as well as adjust the price to suit each floor, it is important to see the pair of BTC / USDT.

you repeated "accurate" 3 times but you are missing the most important point. coinmarketcap.com is not an exchange or "trading floor" if you want to call it that. it is a website, more like a database which is taking the price from the real exchanges and then posts an average price every 5 minutes on their website.

nothing about this is "accurate". it is a good source to know what the price is, just for the sake of knowing if it is $10000 or $15000 but it is not good if you want to trade. for example if you want to see if you should activate your stop loss or if you should sell because you reached your profit target. for accuracy you should always check the exchange where you are trading at.

The coinmarket cup is a great help to find out how much the value of a coin is. here we can also buy the coin in marketcup or exchange.

The price that shown in the coinmarketcap/other such websites are close to the price which it is trading at the different exchanges where the price data is pulled from. You might have different price because, of the different source of exchanges these websites pull the data from.

If you want to track rates any coin. Go to the Market section on Coinmarketcap to determine which top 2 exchange floors have the highest volume percentage of this coin. Then go to 2 exchange floors to track the exchange rate is the most accurate. Coinmarketcap only aggregates the average price of all exchange floors so the exchange rate will deviate and update later than the exchange platform.

We've got different platforms to keep track of the growth happening with each and every asset. Most of the users here prefer coinmarketcap. The value varies between each website and to have a accurate value better is to take the average. Possibly the value in coinmarketcap gets resembled on most of the exchanges.

In my experience (too), most of the "market cap" reporting sites are inaccurate. As a matter of fact, there all mostly inaccurate due to the fact they all get their data from Coinmarketcap's API--There doing nothing more than copying and pasting CMC's numbers (just not in sync).

This is why I developed http://www.cryptocoinwatch.com (http://www.cryptocoinwatch.com) -- I made a post about it on this forum earlier this month, but I felt this would be a good thread to share the site with you guys. Every number on the site is being fetched/calculated with data fed directly (and almost in realtime) from the exchanges listed at http://www.cryptocoinwatch.com/exchanges (http://www.cryptocoinwatch.com/exchanges). I think you will notice how much more accurate Cryptocoin Watch is compared to CMC.

I hope it helps!

Truely, the prices from coinmarketcap, the exchanges and even that in the wallet are not the same most time. They have differences in fraction which might not be noticeable. For me, I don't really border much on that. They are different platforms and stake their prices differently.

Coinmarketcap is a huge reference and a huge tool for new tokens to be promoted in there, i do not see why we shouldn't use it. But the price is an average of all the exchanges in where X token/coin is listed on. it is not the real price.

I use coinmarketcap, but double check the bitcoin price directly through bitstamp's API using this link.

https://www.bitstamp.net/api/ticker/

I personally prefer coinmarketcap.com because he's neutrally without implication of any crypto. The difference of a dollar or two more in the price in each exchange isn't something that needs to be exaggerated all have a certain time lag and everything will come back at a price that is the same.

maketcap coins is a place to look at prices and 95% accurate and we can compare all prices and transaction volumes in one exchange, if want to know 100% the actual price we have to directly monitor the exchange. because it is not possible to synchronize the same 100% price as the exchange because the price movement is very fast

I believe the best one is : https://bitscreener.com

But there are several alternatives.

Coingecko https://www.coingecko.com/en 
Coincap  http://coincap.io/ /
Coinlib  https://coinlib.io/
BitcoinCharts  https://bitinfocharts.com/
CoinCheckUp https://coincheckup.com/
WorldCoinIndex https://www.worldcoinindex.com/  /
CryptoCompare https://www.cryptocompare.com/coins/list/USD/1  //
LiveCoinWatch https://www.livecoinwatch.com/
OnChainFx https://onchainfx.com/
Coin360 https://coin360.io/  //
CoinGenome https://coingenome.com/
CoinRanker https://www.coinranker.net/
CryptoReport https://cryptoreport.com/
CoinKapp https://coinkapp.com/
CoinMarketSun https://coinmarketsum.com/
BitQist https://bitqist.com/
BraveNewCoin https://bravenewcoin.com/market-cap/
CoinLiveRate http://coinliverate.info/

Not the reason at all behind it, the real reason is that all of the different exchanges are going to have their prices put against one another, weighted, and then they're going to put the AVERAGE price between all of the exchanges. This is going to weight them based on trading volume if their trades are open to all people (take SK, China, Japan for example who don't allow much outside interaction in their exchanges), and probably some other things.

So it's not off, it's just different from your exchange as it should be.

You can only check the info and the updated  price in this 3 websites but the most latest and correct price of each tokens of coins you have to realy check the exchanges there you can see the latest ang live prices.

I think coinmarketcap is fine, and coinmarketcap is might be the best way to check the accuracy of the coins because it follow the highest price of the market. For example if the price traded in certain broker is higher than other brother then coinmarketcap will follow the highest price to be update to there site. But sometimes coinmarketcap has some error also so beware of that and some glitch when they add some new list coins to the market and might possible the price suddenly up without volume trades so note about that. good luck

Coinmarketcap is the Source and older than the others , I don't check other markets for the price usually .

coinmarketcap is not an exchange. It just a website which collects price in other exchanges and give you the average price. You should research carefully before giving the opinion

I think that for you to know the real value of each coin, it must be evaluated based on the application and its benefits, the price listed on the exchange that is only commercial price, is inflated or Price pressure is affected by the fall of bitcoin. Therefore, if you trade only should pay attention to the price.

Some sites that track cryptocurrencies like coinmarketcap, livecoinwatch and coingecko mostly offer only the average price follow the exchange floors. The difference you see is because these sites are continually updating real-time exchange rates, so the same time you look at the fluctuations in exchange rates of these websites are different. For the most accurate, you should monitor the crypto index on the exchange floor by going to Market in each crypto on Coinmarketcap or other websites.