Bitcoin Forum

does the bitcoin become cheaper if you buy from a country with a low currency value?

No, the value is same everywhere.
But if you buy from a person who needs money quickly and is in an unstable country, where selling could be slow or difficult. Then yes.

Not technically true, there are some regional differences. South Korea is renowned for having much higher costs than elsewhere in the world. But yes, for the most part the differences are negligible and only really in place when those countries have strict regulations that stop many people from being able to buy on their markets.

We did have exchanges in the past with a higher bitcoin price (Korea, India etc.). If someone manages to get verified, he could always buy by trading with other individuals with the normal rates and sell back in these local exchanges to make a little profit. Aside from that, the best way is probably to trade with people so you can eliminate any third party fees.

There is no cheapest way to buy bitcoin however you can buy it from someone who needs urgent cash. The smart way to buy bitcoin is to buy when the price is low. If you see the price was $3700 on 27th nov but now the price is $4,224.38 on 29th nov.
Coinbase is the quickest and cheapest way to buy Bitcoins
You will pay at least 1.49% of your purchase amount as a fee when you buy Bitcoin with Coinbase. It will charge at least 3.99% of your purchase amount if you use a credit or debit card to buy Bitcoin.

A commission is provided for at all the exchanges and exchange offices (otherwise, it makes sense to work with them). The only option to buy Bitcoin without commission is to contact private sellers.

The forums are full of offers for the sale of BTC, speculators are not fools, they know the real value of such an asset, so it is not always possible to find a profitable course.
This option to buy BTC is the most insecure. If you decide to use it, be sure to involve the guarantor (there are special services on the network).

Only in this case, again, you will need to pay a commission. It is possible to bypass it only by a personal meeting with the seller. In every major city manages to find speculators.

It is important to understand that after transferring Bitcoin to your address, the seller can no longer cancel or return the currency (it is simply impossible). However, it is better to immediately arrange a meeting in a cafe, because the transaction can take more than an hour.

Until you receive a transfer, do not give money, fraudsters often catch victims with this bait.

I think the price of bitcoin is almost the same at every exchange, maybe there is no other way to buy bitcoin at a cheaper price than we wait for the market to fall.

The bitcoin price could change but just in exchanges. But ofcourse the price change would be too small. The people usually check the bitcoin price in coinmarketcap website and you can see the differences easily from there. Go to the coinmarketcap.com, hit the bitcoin and ten hit the markets and you can see the difference from the markets. Here you can check: https://coinmarketcap.com/currencies/bitcoin/#markets

Wherever you are the price of bitcoin will be the same and as a matter of fact the price of bitcoin doesn't change if you are from other country. The price on the market will be the price in all market and in all countries but if you want to buy bitcoin in a cheaper price you will wait for big dump.

Well, the value is not completely the same. If we visit coinmarketcap and take a look at exchanges that have bitcoin, the price varies from $3 692 up to $5 599. I'd say it's quite a big difference, actually. Of course, it doesn't take into account the trading fees and all other things unpopular exchanges can charge people with, but perhaps after doing a small research one could enjoy a better than average deal. I do agree that the local currency value of the country has nothing to do with the bitcoin price. Some closed countries can have governmental prices that are way different from the market prices, but these are exceptions and they are available only for poeple from that country.

Prices varies on different bitcoin wallet platforms, it changes as well throught time, only thing that makes it cheaper is by buying it from someone that needs it urgently, but still the risk factor is bigger if you choose it. I suggest buying on trusted wallet and exchanges

I don't think so, I've investigated countries where currencies have lower values and are almost always equal to the exchange rate, prices are reflected at the same dollar price, or at least that happens in localbitcoin, what is recommended is to buy with paypal, because you could be cheaper for the added risk.

I don't think the price of bitcoin anywhere is never a difference in price and this cannot be used as a benchmark for buying low prices. because the increase or decrease in the price of bitcoin throughout the world is always the same

I have been in the cryptocurrency world for more than 3 years and I have never seen the price of bitcoin be cheaper in some places, the price of bitcoin is set around the world and there is no special price comparison

It only differs slightly from the original value but its not an option to buy,there must be an elevated fee for a withdrawal.The value of FIAT for cryptocurrency has been balanced but still all of its an offer from the user,it could be that the value of BTC is cheaper if there is an offer for you below the value at that time.

no, bitcoin has the same exchange rate throughout the world, except Iran. in Iran, the exchange rate is still high. but for all countries, the estimate of the value of bitcoin against the local currency is the same, and also uses the dollar as the main estimate.

Good luck finding someone, who will sell you bitcoins with paypal  ::)

It is not recommended to sell bitcoins to anyone paying with paypal. Paypal transactions can be CANCELLED and bitcoin transactions can't.

Of course buying with paypal is safe. It is just that no-one will sell coins that way. Atleast no-one should do that.

i thought that there's only one price everywhere.  after reading the comments here, i just realized that there's still information i have not heard before.  good that i saw this thread.

Bitcoin prices are conventionally denominated in dollars so if you buy in any country's currency the amount you pay not reduced. Everything is conventionalized in a certain currency so when converted to another currency the value of it remains constant.

Their isn't much difference of price in every country simply because local exchange also rely on different exchange site. Not unless you'll buy personally and you know the person very well, you can ask for discount if he agreed. Their are times that price in local exchange is cheaper of few bucks, also their are times they are ahead. Since they aren't much difference, don't mind it, just buy.

no the value of bitcoin is the same in everywhere, because all countries follow the price of bitcoin by adjusting the price of their currency. so if you buy in any place the results remain the same. why don't you buy bitcoin now cause i think this is the lowest price.

No,the price of bitcoin doesn't differ when we use different currencies but it differs from exchange to exchange so you can check CMC for the price difference and can go to the exchange where the bitcoins sold for less price.Or you can trade with person who want to give discount from the market prices but this happens only with the big trades.

I do not think so because the value of Bitcoin you buy depends on the crypto market and your ability to capture the market as Bitcoin increases or decreases.Or when you enter the trading and get to the bottom of it.

I don't think so, even though bitcoin is a decentralized market but will have the same price and even though there are some differences but it is only a few percent and will not differ much like earth and sky. So wherever you buy bitcoin I'm sure it will be the same even if you buy on an exchange based in a country that only has a low currency value.

It is not 100% same price, there is always price differences among exchanges although only so small amount. Maybe this price differences is the one asked by OP. I think that OP is looking for a chance to do arbitrage trading where he want to buy at cheaper rate on exchange A then sell it with higher price on exchange B so that's why he ask like this.

To begin with, I recommend to promote the main forum on cryptocurrency. In it you can find dozens of different ways to buy and sell your coins. The best way to buy directly from the coin owner. It is advisable to buy in person. So you can buy coins at the market price without extra fees. There are many online exchangers where you can find a reasonable price and read reviews. I don't know what country you live in and what your government's attitude to cryptocurrencies is. One thing I know for sure: if you search the Internet properly, you will find the best option for yourself. The main thing is always check the sources and never send public keys!

I have noticed that bitcoin price remain the same in every exchange usually it doesn't change. When people need urgent cash then they sometimes consider selling at à little bit less price but all the country adjust bitcoin price with a global price.

The value will eventually be the same. You can get a little cheap from your citizen. So you can reach an agreement with cash money, not by exchange. The discount for you in this change will depend on how you deal and discount will determine how cheap you get.

Until last year this possibility of arbitration between countries was real. I remember that for a long time, the value of bitcoin in Korean exchanges had a value above the price seen in other countries, due to the great demand there.
This was also happening in my country, Brazil. But nowadays prices are homogeneous with very few variations.

Even in CMC you'll see that there are different prices so it only differs by law of supply and demand in an area or per transaction. I say the transaction of 2 parties involved.

Cryptocurrency exchanges is one of the best ways to buy bitcoin, for example exmo, yobit.

There is no way to buy Bitcoin at a cheaper rate from the current price. Even when you invest in Bitcoin you could spend money extra from the current price because of the fees. So, We can't buy Bitcoin at a cheaper rate. If we would like to buy it then we must spend current price of Bitcoin like as now $4220.

Definitely there is no way to buy bitcoin in a cheap way just by using a different currency. Well obviously the standardized currency is the USD that is why most of the exchangers are in USD based but some are on their own legal currency. It does not make any difference in price if you buy bitcoin but i suggests to directly buy bitcoin in usd to avoid some conversion if ever.

There is no same price of Bitcoin everywhere but the difference is very less and price increase and decrease is directly proportional to the BTC price is USD, so there is no point of getting BTC much cheaper anywhere. Someone wrote here that if someone is need of quick money he may sell the BTC at cheaper price but in regular exchange price of Bitcoin will be almost same. If currency value of any country is low as comparison to USD then higher value of that particular currency needs to be invested to buy Bitcoin.

I guess the prices are just the same everywhere despite of having different currencies. If you would want to purchase at a cheaper price, then you should be wise to buy during this time where the prices are still low. You should be smart enough to buy while the market is in dip. Through that, you will be able to gain a better profit in the future.

The best way and almost cheapest way that you could find bitcoin sellers around yourself is localbitcoins website , That is great and you can see high trusted sellers and choose the best rate , Of course you need to pay some fee to localbitcoins website , but everything in it is so smooth and you can assure that you are using a well known website .

yes, the price of bitcoin is of course the same even though we buy it with any currency, for example, buy it at the same time, buy bitcoin when prices fall like what has happened now, and we can hold it for a long time, and when bitcoin will increase its price at the highest price even later it will be even higher, we will certainly get a big profit.

Literally bitcoin was too expensive if you buy em 1 each, then as far as I know in every country that are open into bitcoin each of them are not having the same amount of price because it will depend on the value of their fiat currency that's all I know about it. Although the market in crypto or bitcoin trading was totally down compared to to 2017 that was 19k$ almost.

What do you mean the value of a low currency? what pair? USD?
in my opinion this is not possible, if a currency even has a low currency due to inflation, even though it is dealing with a BTC pair, they will definitely still use a rate that is more or less the same

Now bitcoin is cheap everywhere.)) Safely buy on the exchanges. The best way to buy directly from the coin owner. Such a rush as last year is no longer, so the prices are almost the same everywhere.

I guess wherever you buy bitcoin the price will closely the same. The best time to buy bitcoin is of course when the price fall down, you can buy a lot to be hold and then you can trade or sell it when the price becomes high. Just be patient when you do so, because the probability of high profit is unpredictable, no one can predict.

I think the Bitcoin sellers for you will surely earn a very small amount of money and this is definitely their way of doing business. I personally believe that if you are sure to invest in this market then you should research it carefully before trading because the risk can be huge.