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Cora_Ward
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August 12, 2018, 06:07:51 AM
 #1

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?
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August 12, 2018, 06:10:55 AM
Merited by frowsiter (1)
 #2

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

Because the price is set by the market and price is formed depending on supply and demand. Each of the exchanges is a separate mini market

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August 12, 2018, 06:18:45 AM
 #3

That may be caused by accommodation costs, the exchanger company takes advantage of it.
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August 12, 2018, 06:21:36 AM
Merited by googs84 (1)
 #4

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

Because the price is set by the market and price is formed depending on supply and demand. Each of the exchanges is a separate mini market

Fairly right answer.

Consider all the exchangers as crypto space which is separated from the other exchanger (crypto space) with the specific volume or more or less different volume than the other one. Each of them have different volume because of its user base being different one. Some of them have more users thus giving them more trading volume either 24 hours or forever volume. This creates difference between rise and down of the volume. Thats why the melodrama of different prices.


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August 12, 2018, 06:46:35 AM
 #5

Buying and selling at different exchanges is called arbitrage. It's a fairly common concept in trading. It is almost always not as profitable as you think due to exchange fees and withdrawal fees, and not without risk due to the fact that a fluctuation in price between your buy and sell actions can completely eliminate any profit.

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August 12, 2018, 07:05:24 AM
 #6

If you have other bitcoin prices at different exchanger you can see the correct price at the bitcoin / usd site I know what the price of bitcoin is at the same time you can also see it in the coinmarketcap.

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August 12, 2018, 07:09:50 AM
 #7

These exchanges all set their own prices, determined by the volume of their exchanges and amount of customers. When customers place orders they influence the price because what you see is essentially an accumulation of all orders averaged out to form the current price. In the past these exchanges used to have much larger differences in prices.

Be aware that some have been found to fake their historical volumes, which may not be able to influence the current price but rather just make them look like a larger scale platform than they really are.
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August 12, 2018, 07:44:26 AM
 #8

I think this is the difference. If the purchase continues, the price of bitcoin at BITFINEX will continue to soar. The difference in price of BITFINEX and other markets is now around $ 75 more expensive per bitcoin.
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August 12, 2018, 08:07:29 AM
Merited by googs84 (2), tippytoes (1)
 #9

the important thing you forgot to mention was "how much different" because a little difference is understandable. the markets are not connected to each other directly. so when more buys or sells happen in an exchange its price changes more  compared to others. for example as above comment says $75 difference is a lot but it is unrealistic and possible he made a mistake because according to bitcoinwisdown.com price is like this:
bitfinex: 6316
bitstamp: 6314
coinbase: 6320

you see the difference is $4 which is only 0.06% and negligible.

there is also a lot of other factors to consider. for example price can be extremely high on an exchange that nobody uses like Yobit price of bitcoin is usually higher because it is a shady exchange that nobody uses. or sometimes the exchange that has a big difference has an issue. for instance Wex (new btc-e) has a much higher bitcoin price because you can neither deposit nor withdraw anything for more than 2 weeks now.

ps. you mentioned bitcoin.com, make sure the price you are looking at is bitcoin price not bitcoin cash price. they are known to sell bitcoin-cash to people instead of bitcoin!

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August 12, 2018, 08:09:55 AM
 #10

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

Because I think people set those kind of prices for what they want to buy or sell it. That is why having an Arbitrage trading is so useful when it comes to that.

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August 12, 2018, 11:55:34 AM
 #11

Bitcoin prices on the major trading floors vary widely. The sharp increase in demand has made other exchanges more difficult to cope with, and the difference in prices on different exchanges is so.
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August 12, 2018, 12:02:42 PM
 #12

Each exchange will have a different number of users and will have the amount of money spent by some of these users which will differentiate exchange A from exchange B and I don't think there will be an exchange that has the same price movement. I mean having the same price between one exchange and another.

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August 12, 2018, 12:20:58 PM
 #13

there are many supply market and the demand of bitcoin, so the buyer and seller every market is different, and i think that the price of bitcoin from any market is not different, it just 2 - 3% only and i think its a normal, its seem like price of burgers in store a and store b is different, its still a burgers right? and its depend on you to choose your favorite store

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August 12, 2018, 12:32:57 PM
 #14

BTC always fluctuate, their price fluctuations are too large, may during this time many people fear but some people buy BTC pretty much
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August 12, 2018, 12:42:40 PM
 #15

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

The answer is simple and that is because of the supply and demand on different excanges. Exchanges are like normal markets when a commodity or goods in a certain market have a higher demand the prices will go up. This is the same with different exchanges some exchange demand is much higher or lesser compared to the other and that is why there is a difference in value.

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August 12, 2018, 12:55:54 PM
 #16

Bitcoin is a common project for all exchanges and wallets but exchanges are taking advantages to make different in bitcoin price because their motto is make profit and nothing else also supply and demand is responsible for this price different but not much also particular exchange market cap can make difference in prices.
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August 12, 2018, 01:10:50 PM
 #17

Because the BTC is quite volatile, so be assured and patiently hold them

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August 12, 2018, 01:11:06 PM
 #18

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

The answer is simple and that is because of the supply and demand on different excanges. Exchanges are like normal markets when a commodity or goods in a certain market have a higher demand the prices will go up. This is the same with different exchanges some exchange demand is much higher or lesser compared to the other and that is why there is a difference in value.

And of this day's bitcoin as already known to the public, people are get to it searching how it works and study about its value the value of bitcoin could reach a new record. But sooner or later, its true believers will likely pay for underestimating its offspring, meaning newer disruptive technologies. In the meantime, let’s hope Canadian politicians are watching the pace of change in the crypto space and soon realize that now is not the time to wait and see how fintech strategies work out for other nations. If not, anyone in the future who claims Canada is an innovation leader might just end up looking as silly as that guy sporting a bitcoin bubble suit. Hope it might be true to those people who are still there waiting for the exchange of price in the market get higher.
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August 12, 2018, 07:40:12 PM
 #19

except supply and demand there is another thing that is known as competition, to attract more customers and to increase the total trade volume. There are a lot fake exchanges which are offering fakes rates but usually there is no huge difference in price of good/famous exchanges. Always go for authentic exchanges.

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August 30, 2018, 03:32:18 AM
 #20

because each exchange has a different policy, for example the fee for depositing or withdrawing at bittrex is different from bitmex, this also affects the expensive or cheap price of BTC
while the activity to buy BTC at a cheap place, then sell it at an expensive place is called arbitrage
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