Bitcoin Forum

Other => Beginners & Help => Topic started by: BitcoinSteve on December 20, 2013, 03:04:20 AM



Title: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: BitcoinSteve on December 20, 2013, 03:04:20 AM
Whats more accurate?   MtGox in my Multibit wallet says 1btc=730$ while preev says 1btc=691.80$  Thats about $40 difference, so whats more accurate or should I say ahead? Thanks!


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: yogi on December 20, 2013, 04:32:30 AM
Goto;

http://www.coinorama.net/ (http://www.coinorama.net/)

And select 'average'.


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: BitcoinSteve on December 20, 2013, 05:05:33 AM
Thanks is that what you use?


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: yogi on December 20, 2013, 05:09:30 AM
Thanks is that what you use?

Yes, it's not perfect as it only uses a few exchanges, but better than just looking at one exchange. By the way, the price you're seeing on preev is probably bitstamp's.


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: Dare on December 20, 2013, 08:15:34 AM
https://bitcoinaverage.com/ is good, though they seem to have removed the "ignore MtGox" button. I usually just watch Bitstamp (which is Preev's default, IIRC) on Bitcoinity (http://bitcoinity.org/markets/bitstamp/USD) directly though, it's usually a good indicator of the price since it's one of the largest exchanges.


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: Mike Christ on December 20, 2013, 08:17:31 AM
Gox is always either the highest or the lowest for pricing; preev.com should give you the more accurate price, since it's an aggregate of several exchanges.


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: odolvlobo on December 20, 2013, 09:00:57 AM
Whats more accurate?   MtGox in my Multibit wallet says 1btc=730$ while preev says 1btc=691.80$  Thats about $40 difference, so whats more accurate or should I say ahead? Thanks!

There is no one exchange rate, and no value is more accurate than any other value. Mt. Gox is the most quoted but its problems make it an outlier. All the exchanges operate independently, so trades occur at different prices. Although there is some amount of arbitrage, the difficulty of transferring fiat between exchanges prevents the difference in the prices from narrowing.


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: miningair on December 20, 2013, 09:43:04 AM
I generally use preev


Title: Re: MtGox vs Preev vs???? How do you find exact exchange rates?
Post by: BitcoinWalker on December 30, 2013, 09:29:23 AM
See real-time Bitcoin price on multiple markets. Data comes directly from the exchanges and is updated every few seconds:
https://bitcoinwalker.com (https://bitcoinwalker.com)

Calculate transaction fees with ease. Enjoy!