Big difference in BTC price in local market ?

[rajkr]

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.

[livingfree]

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.

[wiser]

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.

[Gogochen]

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.

[rajkr]

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.

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?

[Hariz]

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.

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.

[Dudeperfect]

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.

[erickkyut]

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.

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.

[ss890]

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.

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.

[Herbert2020]

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.

[krishnapramod]

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.

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.

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.

[SUDARMONO]

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

[BitNaija]

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.

[ArunTomar]

why there is difference in price in different markets?                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

[Pursuer]

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.

[jademaxsuy]

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.

[pikebu]

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.

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.

[rajkr]

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.

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.

[pikebu]

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.

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.

[jack.anroid]

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