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Author Topic: noob ? difference in purchase price and when it arrives in wallet  (Read 155 times)
Krismin (OP)
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November 15, 2017, 10:03:42 AM
 #1

why the big difference between the price you buy and when it arrives in bitcoin wallet i.e. it was 0.1 BTC FOR 528.7gbp when arrival it was approx 485 for 0.1BTC all within 10 mins

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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EXtremeAEX
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November 15, 2017, 10:12:00 AM
 #2

There could be several reasons for this, firstly, where did you buy your Bitcoins from? From a local trader, exchange site, or BTC bank? Some places charge a higher amount than what it is to earn profit, which you may have bought at a higher price.

Next, the price of Bitcoin may have dropped in the few hours that you check, so make sure you keep a record of the cost and date+time of when you bought it. It is always a good habit to keep a portfolio or logbook of your transactions so that you can refer back in the future. Smiley


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Krismin (OP)
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November 15, 2017, 11:21:12 AM
 #3

bought in uk from bittylicious using bank transfer, it was all done very quick. so BTC never fluctuated that much. i think its down to the exchange as my wallet is using a different exchange rate. There is no set BTC/GBP rate.
asdlolciterquit
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November 15, 2017, 11:34:52 AM
 #4

well, you have 0.1btc before and after. I think that this is what matter. Conversion in fiat version always rapidly change.
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