Xolile Batho (OP)
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November 29, 2018, 11:24:48 AM |
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does the bitcoin become cheaper if you buy from a country with a low currency value?
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aplistir
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November 29, 2018, 11:35:54 AM |
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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. |
My Address: 121f7zb2U4g9iM4MiJTDhEzqeZGHzq5wLh
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randythered
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November 29, 2018, 11:42:59 AM |
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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. |
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OmegaStarScream
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November 29, 2018, 11:44:39 AM |
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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.
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Jennifer.mathew731
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November 29, 2018, 11:54:25 AM |
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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.
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Ladyga
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November 29, 2018, 12:20:23 PM |
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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.
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LSt56
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November 29, 2018, 12:39:03 PM |
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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.
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burky156
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November 29, 2018, 01:07:13 PM |
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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 |
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Peashooter
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November 29, 2018, 01:41:25 PM |
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does the bitcoin become cheaper if you buy from a country with a low currency value?
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. |
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kryptqnick
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November 29, 2018, 02:00:08 PM |
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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. 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. |
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swiftbits
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November 29, 2018, 02:01:43 PM |
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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
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irenegaming
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November 29, 2018, 02:04:15 PM |
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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.
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javainn
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November 29, 2018, 02:13:08 PM |
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does the bitcoin become cheaper if you buy from a country with a low currency value?
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 |
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velive08
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November 29, 2018, 02:15:06 PM |
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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
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Cacingkemi
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November 29, 2018, 02:16:54 PM |
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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.
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biskitop
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November 29, 2018, 02:18:35 PM |
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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.
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aplistir
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November 29, 2018, 02:29:45 PM |
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what is recommended is to buy with paypal, because you could be cheaper for the added risk.
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. |
My Address: 121f7zb2U4g9iM4MiJTDhEzqeZGHzq5wLh
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andrerusso
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November 29, 2018, 02:34:08 PM |
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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.
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blueteam09
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November 29, 2018, 02:38:33 PM |
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does the bitcoin become cheaper if you buy from a country with a low currency value?
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. |
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Shinpako09
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November 29, 2018, 03:12:17 PM |
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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.
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