Bitcoin Forum

I have seen many times that in local market BTC price are quite change from international market. Once  the price of BTC in Indian market (Zebpay)used to be 2-3 lacks more than the price in bitfinnix. But todayBTC price in  Indian price is  1 lack less than the price in bitfinnix , which is big ammount in terms of percentage.

There's a difference in local market with the international market.

Don't expect that you'll get exact amount from the international market. This is to avoid the arbitrage trading from local traders and take advantage of their local market to the international market. If you want an exact amount then trade not to your local exchange.

It makes sense. People will charge what they think they can get, and for some, the ability to buy from a local source is worth the extra fees. It's not unlike those services where you can buy BTC with your credit card, but you will pay a pretty hefty premium for that convenience.

A lot of people will use the difference between the international market to earn a certain amount of money.
But many international exchanges now have to go through KYC.

But when we will sell in international market , we will get amount in USD currency . So one needs to sell it into local market to get  his local currency.Will such type of difference  in market price always  exist?

BTC price slashed down across Indian markets due to FUD caused by recent Zebpay announcement on uncertainty around INR withdrawals.

https://twitter.com/zebpay/status/1009714919074353152

In the past, there were arbitrage opportunities but it was meaningful only after you factor the cost of exchange commission for each transaction.

Yes, it is true that in Indian market prices are 5 to 10% more than that of the international market. However, if you are trying to buy Bitcoins from the international market using your Indian debit card or credit card then you will have to pay a certain amount in the form of forex charges, forex rate fluctuation, taxes, bank fees etc and these charges are usually between 5 to 10% so at the end of the day you have to pay the same amount as compared to the amount that you pay in Indian market.

It depends on the supply and demand on each exchange. Different exchanges has different coin prices. Maybe in Zebpay, there are few traders who are buying Bitcoin but has a huge supply compared to other exchange sites. Try to compare the prices with other exchange.

I get it what you are saying here. Crypto currencies are traded at different volume and in complete different sphere when it comes to local and international market.

As for Indian exchanger ZebPay you might be very well known that Reserve Bank of India again warned them to shut down their bank accounts and thus has hampered bank withdrawal process of the Zebpay. This led to killing panic sell over the zebpay when then issued notice that if you have to withdraw the money then this is the right time as they know nothing about the later time.

Due to this it created big loop hole over this exchanger and its value has dropped dramatically.

it is all about supply and demand.

last year India was mostly cut off from the rest of the world, there was no way to get money in to buy bitcoin on Indian exchanges and also there was a lack of supply of bitcoin over in India due to the massive surge of people who wanted to buy bitcoin. in other words there were a lot more people willing to buy bitcoin than there were to sell it. so price went higher than the USD markets.
now the exchanges like Zebpay are having problems so people are no longer using it as much as before so the price there has fallen down more but it is still high elsewhere.

Yeah, there was a sell-off after Zebpay's announcement, the price did crash to around $5700 in the Indian market. They did the right thing, asking users to withdraw and as couple of other major exchanges make their announcements over the course of next two weeks, panic sellers would take the price further down, a good opportunity to buy some cheap coins in India.

It is true that price changes or price differences often occur, and they can all be utilized if we can master all trades.

It is normal to see differences between the international market rate and local markets for good reasons. The risk is lower when you deal with local exchange than international exchange. And in the India case, panic because of threat of ban caused sell off.

why there is difference in price in different markets?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

as a rule of thumb whenever you see a price difference between two exchanges the reason is because that exchange with the different price (high or low) is cut off from the rest of the market. and that price difference needs to be big, otherwise small differences like 1-5% is normal because of the market fluctuations.

otherwise if there is a big enough difference and that exchange doesn't have any issues or is not cut off people will use arbitrage trading to make profit and bring that price to normal market levels.
for example if price is lower in Zebpay like $5500 an arbitrage trader will buy it on Zebpay and sells it on anywhere else like bitstamp and gets $1000+ profit per coin then repeats this as many times as he can. there are lots of arbitrage traders out there who will do this and price will jump back to normal.
....since it is not happening it means there is a problem with Zebpay.

There are some delays on the movement of crypto market price on some local exchange and even in international market are being updated every 30 mins. so expect that other local exchange could also update more or less 30 minutes. Anyway if you are always checking market price you could see the difference but if you are just chillin out then it will not matter anymore on how the cryptomarket price move.

The causes of big difference in bitcoin price in local markets is demand and supply, sometimes at the local country the amount of bitcoin is small and the people who want buy bitcoin is big it will makes the price of bitcoin increase and at same place around the world the people who want buy bitcoin is small, it will makes price of bitcoin goes down.

I think that these trading sites also get benefited from such type of news . First trading increases drastically so they get good transaction charges and secondly the take advantages from such activities and purchase crypto at low rate.Later on local price tried to settle as international price.

Yes it is one of many causes of big difference in bitcoin price in local markets, basically many other aspects which makes big difference in bitcoin price include your analysis, i just share common of aspect related with the numbers of bitcoin just about 21 millions around the world and it related with demand and supply of bitcoin around the include in local markets.

yes. There is difference in the price of local and international market and this is because of the differences between supply and demand.

But such type of difference in price leads to wrong analysis . As local market is driven by local demands while the international does not get effected much by local turmoil.And also it takes some time to get effected by any country local news. 

Such an analysis does not give anything good for understanding crypto currency.  Local markets later cast information.

Yes, some changes always exist in between local market and international market. You cannot expect the price to be same always. People use this technique to make a lot amount of money.

it seems that it does not just happen in your country in india. likealy asian market such Indonesia, china, korea also have a price that is quite different from the market price that should be. a definite possibility is the presence of certain parties who lead the market so that the original price is different from the global exchange. they take the opportunity from a global purchase with fiat because the fee will definitely make the user think twice in arbitrage.

It's true and it's probably because of the many transactions in the local market and we should be able to take advantage of the price difference there.

we need to make sure the exchanges will be very very safer because it is very important for all the people especially new people will not know what can we do for our better at changes that's way we choose the good exchanges sites from the rating point this will help you a lot.

I came to know that fact recently and this is really frustrating. I want the related people to do something to make the amount equal. Else this is really unfair to the local traders. We want the same price every where.

I don't think you're gonna get the same prices everywhere because even among conventional fiat currencies there are black markets and the Forex exchanges but these guys quote separate figures and their prices are never the same so don't expect equality here.

I think in certain parts of the world, Bitcoins are generally bought from a Bitcoin vendor, instead of peer-to-peer exchanges. P2P exchanges take place on a platform where buyers are matched with sellers. The platform then gets a small commission fee for making that match happen. A vendor, however, is a business that holds a large reserve of Bitcoins and a large reserve of cash. A buyer can buy Bitcoins for cash at the predetermined prices the vendor has set.

That's called premium look at local bitcoins of all countries and you'll see each one has different price, that's calculated on demand and supply based on the country landscape and its popularity, then the exchanges even add their own markup hence it rises, but at this time I don't think it'll be much high cause the prices have already fallen.

Imagine a market where two apple vendors are selling apples. Each of them has their own reserves of apples and their own demand in the market. Let’s say both vendors have an inventory of 100 apples but 100 people are waiting in queue to buy from the first vendor and only 30 people are waiting in queue to buy from the second vendor, the first vendor can sell at a higher price. In such a scenario, the 100 people in the queue for the first vendor will eventually get to know about the second vendor in the market and instead of waiting in the line, some will move to the second vendor to buy apples.  With this increase in the demand, the second vendor will increase the prices and eventually the businesses of the two vendors will come to an equilibrium. That's maybe similar to Bitcoin's price in different areas.

Always have different bitcoin price between local and and international market, have about 100$ until 200$ of different price between bitcoin on local excange market and international market. I have seen it on last years when bitcoin was grow up and have more different price between local and international market, its good to take moment to buy on international market and sell on local exchange market, we can take profit more than $200 in once transaction every time. But we have trouble to make deposit on international exchange market.

It might happen for some reasons. The charge for the transactions are one of the main reasons. Charge in local market may not be same as international market. However, demand and supply difference also causes the difference.

if you can see the arbitrage opportunity, then don't share that on this forum but go to take an advantage of it on your own. You can surely make good money out of it :)

Yes the difference is big here in indonesia its higher almost more than 100-200. I think someone could buy eth by dollar and sell it on this market it would be great easy money for them.

The level of trade of crypto currency does vary and they are treated differently from international market as opposed to the domestic market. This actually depends on the supple as well as the demand on each of these exchanges. Various exchanges offer various prices. Compare the prices with other exchanges to get a clearer picture.

Crypto currency is very popular nowadays many of the companies also opening their own crypto based on this yes there can be difference between international market and local market but its kind of same because price of international market vary. So please do not expect from here that you will get proper amount.

I dont know but i have read a topic wayback that in some local market bitcoin is much lower price th international market,injust cant remember since i forgot to bookmark that

But now this saying about in India is more higher than international market,even what is true this only mean one thing,prices are different from local to international

People will full charge what they think they can get.The possibility to buy from a local source to worth the extra fees. It's not choice those services where you can buy BTC with your personal credit card, but you will pay a pretty  premium for that convenience.

In my viewpoint that due to geographical and banking limitations, to buy Bitcoins from a vendor in any country, you must have a bank account and an ID in that country. For instance, since Indians cannot buy Bitcoins from Coinbase, they are stuck buying from local vendors. Therefore, the prices of the local vendors are irrespective of the international vendors. The vendors know that their buyers cannot buy from vendors outside of the country. That’s why, until international vendors start trading in a country like India, the prices can be higher or lower than the global rates.

The reason for the price differences are fees for transferring between the bitcoin exchanges (you have to transfer both, bitcoins and fiat currency for a complete cycle) and fees for trading bitcoins against fiat currencies.

The exchange always difference about price. A lot of people will use the difference between the international market to earn a certain amount of money.
They buy on this floor, sell on the other floor.

It is obvious that there will be difference in BTC price between local market and international market. To earn an exact anount of money people will surely use these differences.

That was almost nothing my friend, because if you would recall last year, the btc in Zimbabwe was twice the price of btc in poloniex... what you can do right now is enjoy the arbitrage. You should know what am sayin my friend.

You don't expect to compare local market traders with the global market because not only are the participants double but the infrastructure put in place coupled with the volume and capacity of traders is something that cannot be compared. I won't want to trade $50,000 and do it in a local exchange because it would mean I will have to show a video proof of my address and my bank notified of such activities while its just a small amount of money in a global market place where I get to do some minimal KYCs.

the difference is sure to remain, the condition of each market has different capabilities with their respective volumes. for now this weakness is made a gap for traders who want to get more results by playing in some local and outside markets. surely this gives him an advantage over because he sees the gap that gives him the advantage.

Yes there are lots of differences in the local market and the international market. You cannot expect the exact same amount in the both place. For this reason there is a variation.

In each country, btc prices will vary. Depending on the demand for the sale will determine this. In my country. USDT 1.00 = USD 1.20

In each country, the difference in Bitcoin exchange rates is different. Because the supply and demand gap of each country is different. A few days ago in the UK I saw the price of Bitcoin is only half the price.

this is what causes the exchanger with arbitration feature more desirable by most people,
they take advantage of the price difference between an international exchanger and a local exchanger
although troublesome, but the benefits obtained quite sizable

Many people use it differently from international marketing to make a good deal in a certain way of earning money.
But this time of international exchange should go through a so-called KYC the new blockchain method ..

There always will be a difference between btc price in local market. No need to worry.

Arbitrage. Difference prices because activity trading on aboard market was very high rather than local market, every local market has limited pair and set limit for trading, as we seen the different price only small/not much, because they are looking to secure their asset balance from being arbitrage.

Indian market prices frequently fluctuate there is big price difference in prices between btc usd and btc inr the main reason is indian exchange spike the prices every now and then

If there is a big different then its not surprising since the exchange is not connected betwen first and the other exchange. In the exchange only a trader who have account inside can trade and the trader betwen those exchange might be different so its not suprising if ita different.

The difference is because each market has a different market activity and a number of users so the price difference is considered reasonable because the global market has more activity than the local market.

Just my guess since local markets have different regulations and rules but the internal demand of the local exchange might play a key here. Also, the fees are much higher hence the difference in price because of the said regulation.

In my opinion, due to geographical and banking restrictions, to buy Bitcoin from a provider in any country, you must have a bank account and ID in that country. Therefore, the prices of local suppliers are not dependent on international suppliers. That is why, until international suppliers start trading in a country like India, prices may be higher or lower than global prices.

A lot of people will use the difference between the reason for the market value.the chance buy from a native creation  cost the extra fees.because they are looking to safe their asset balance from being arbitration.

Since Indians can not buy Bitcoin from Coinbase, they are stuck buying from local suppliers. Suppliers know that their buyers can not buy from suppliers outside the country. The reason for the price difference is the transfer fee between bitcoin trading floors and bitcoin trading fees for fiat currencies. In order to earn an accurate sum of money, people will definitely use these differences. You should know what is said in my friend.

Bitcoin is the payment system of the future. It has both pros and cons. Not so long ago, three months ago, I was looking on the Internet for a quick and high income. 8) :o

the difference is due to the liquidity of the exchange itself, but it is quickly eliminated because there are arbitrage

Yes, it is true that there is a big difference in the price of bitcoin on local exchangers, exchange in my country also gives a lower price than the price of bitcoin on other exchanges, I am also confused as to why that can happen, but we can seek profits faster, such as we buy at local exchangers whose prices are lower, and sell on exchanger which is more expensive, we can make a quick profit.

it depends on the local currency exchange rate in each exchange, many people do arbitase because of the big difference, but the price of btc is very fast changing, if we do arbitase we are often hampered by the network and the ability to speed delivery from exchange 1 to other exchanges so we miss high prices

Its a very posotive news that etoro reduced spread on a variety of cryptos. Just received this email.
 
To make crypto trading and investing more accessible, we have reduced the spreads for all crypto assets to no more than 2.9%, including cutting the spread for Bitcoin in half. The reductions include:
BTC - Reduced from 1.5% to 0.75% against all fiat currencies
BCH - Reduced from 5.0% to 1.9%

Surely this gives him an advantage over because he sees the distance giving him the advantage. You can not expect exactly the same amount in both places. In each country, btc prices will change. In each country, the difference in exchange rates of Bitcoin is different. A few days ago in the UK I saw the price of Bitcoin at half the price. Many people use it differently than international marketing to make good profits in a certain way of making money.