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Author Topic: 20% Getting less while buying Bitcoins  (Read 205 times)
spada (OP)
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May 25, 2017, 06:52:21 AM
 #1

Hi, i'm new to Bitcoin, When i try to buy Bitcoin from Zebpay or local Bitcoins, i'm getting 20% less worth Bitcoins. If i Buy Rs.5000 worth bitcoins, i'm only getting 3800 to 4000 worth Bitcoins. Why? What is the use of Bitcoin if 20% is getting deducted?  Undecided
Quartx
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May 25, 2017, 06:58:48 AM
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You are purchasing a crypto with fiat, people in cryptos do not like or want fiat. So you pay a premium. Pay $12usd get around $10 usd worth of cryptos after fees deduction. The same logic applies when u buy amazon gift cards from others selling them , you will usually pay 80% of the gc's actual value. Fees also change depend on exchange or services used.

malami
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May 25, 2017, 07:00:24 AM
 #3

There are differences in prices across exchanges and countries. In Japan they are trading at 3000$ while on Bitstamp they are only at 2600$ and I heard they are at $4000 in Korea.

The best you can do is search for the best deal.

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