why some shitcoins has different price on diferent exchanges?

[jackyfineey]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

[TGD]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:



is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

[The Cryptovator]

is there a scam behind the scenes?

I can't see anything to direct scam. Price on all exchange won't same. It would be bit different from each other based on buyer and seller demand. But once you will found huge different between two exchange on same coin then it most likely created hyip about that coin. And it would manipulate by exchange as well. So there is high risk of loss if you buy on high rate. Because it will dump suddenly when people will start deposite from other exchange. So this is one kind of soft scam since everyone know about that risk.

[jackyfineey]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?

[Mpamaegbu]

It's not even about the fact that they are "shitcoins" as you labelled them, it also happens with Bitcoin. The trust is that prices aren't the same for all coins across different exchanges and this is where arbitration comes in. A lot of traders cash in on this if the difference in price is that much by buying from one exchange and then sell at another exchange

[TGD]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:



is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:



is there a scam behind the scenes?

Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?

Because of liquidity. As you can see. If a guy bought cheaper on exchange A and sell to exchange B. Then you will notice that there is no buy order that can complete his order, only sell order is higher.
You must consider the withdrawal fee too on exchange. Sometimes the withdrawal is higher compare to the difference in price considering the volume of the token that you will trade.

[carter34]

Such also happens with the forex market too as different brokers have slight differences in their price quote and that fluctuates depending on the demand to buy and sell which creates volatility. So, I'm not surprised with crypto where regulation isn't the order of the day.

[jackyfineey]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?

Because of liquidity. As you can see. If a guy bought cheaper on exchange A and sell to exchange B. Then you will notice that there is no buy order that can complete his order, only sell order is higher.
You must consider the withdrawal fee too on exchange. Sometimes the withdrawal is higher compare to the difference in price considering the volume of the token that you will trade.

But in my example I can see enough buyers...but you are right, I didn't consider trade fees and withdrawal fees.

[mk4]

It's mostly because this certain token has very low trading volume and really bad liquidity on these exchanges. In summary, chances are that there's not much people trading them hence the price premiums. This is one of the reasons why some people do arbitrage between decently big exchanges, and the smaller and lesser known exchanges; because of the price premiums.

There's a slim chance that it's because one of the exchanges is fraudulent, but I'm leaning towards the former in this case.

[bassbity]

This is not a scam but it is true that every trade on the exchange is different as the example you mentioned BRZE / BTC in Sistemkoin and Vindax because demand is greater in Sistemkoin then prices will increase and demand in Vindax is very low and this can be arbitrated by traders and things this is normal for me.

[Rodeo02]

But in my example I can see enough buyers...but you are right, I didn't consider trade fees and withdrawal fees.

You can do arbitrage when you see big difference in price in every exchange but you need large amount token to buy to earn enough . Check also buy orders on different exchange if there are a large buy orders in other exchange then you are good to go.
Also check if the wallet is online or offline .
If the wallet is offline you cant sell or transfer  there.

[Bagaji]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:



is there a scam behind the scenes?

Is not only what you called shitcoins that has different prices on a different exchange but almost all the coins has a little different in terms of value even Bitcoin itself let alone what you called shitcoins. I don't know if you are familiar with arbitral trading? If your answer is yes then you shouldn't have as this question but if your answer is no then I will say it is a normal situation which can benefit you if you are a trader.

[jackyfineey]

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

Is not only what you called shitcoins that has different prices on a different exchange but almost all the coins has a little different in terms of value even Bitcoin itself let alone what you called shitcoins. I don't know if you are familiar with arbitral trading? If your answer is yes then you shouldn't have as this question but if your answer is no then I will say it is a normal situation which can benefit you if you are a trader.

But in my example I can see enough buyers...but you are right, I didn't consider trade fees and withdrawal fees.

You can do arbitrage when you see big difference in price in every exchange but you need large amount token to buy to earn enough . Check also buy orders on different exchange if there are a large buy orders in other exchange then you are good to go.
Also check if the wallet is online or offline .
If the wallet is offline you cant sell or transfer  there.

well, I'm a novice trader and I'm afraid this be a scam, therefore I don't think doing that.

[senne]

Usually such thing happens with a coin which has very less volume. You could see a huge difference in prices but such arbitrage opportunities aren't worth enough because of little or no volume. Exchange fees would make it worthless. Sometimes what happens is that exchanges close withdrawal or deposits or both due o maintenance. In such cases too price of a coin on such exchanges get manipulated and there's a huge difference between the price of 2 exchanges.

[cryptoknightt]

Usually this is often referred to as price manipulation, so that the price of coins among other places of exchange has a price difference with a very falling distance and like this provides a trap for fooled traders.

[Fredomago]

You also can consider bots which being used from different exchange, this type of system needs to be learned before trading in any exchange. Some see arbitrage opportunities and jump right away, only to find out that there's no real volume and once the deposit money being added price of the target coin  change up.

It is very important to everyone to know all the factors and grounds around trading business, the more you know the more safe your capital will be.

[febriyana]

Yes every exchanges is always have different prices, because that is depend on how many people trade there and volume.
If like new coin with low volume, there is will have a big gap with seller and buyer.
That is can be opportunity to arbitrage, but you must calculate detail how much fee, time and price you target.
If wrong, not only lose your money but also your time.

[Pearls Before Swine]

There's definitely nothing scammy about this and in fact it would offer an arbitrage opportunity if a trader could execute trades quick enough and if there was enough volume to do it.

You'll only see this with thinly traded tokens or coins, I think.  The last time I saw bitcoin trading at such different prices was back when Mt. Gox was going out of business and its customers didn't know if they'd be able to withdraw their coins.  Bet this happens a lot with some of the lesser known, lesser quality coins that trade for just a few satoshis (if they even trade on more than one exchange).

[rijaljun]

Usually this is often referred to as price manipulation, so that the price of coins among other places of exchange has a price difference with a very falling distance and like this provides a trap for fooled traders.

These prices are different simply because bitcoin price in pair to USD is also different on each market. So altcoin rate to Bitcoin would be also different.

Usually, the difference isn't too big, if anyone find a big difference on it then it could be a manipulation or even a scan

[Free1bitco.in]

This is not a fraud, some markets do have different prices. there may be several factors that cause one market to have more demand than others. however, as long as it can still be traded, and the project is still running I don't think there is an element of scam here. even that is clearly seen from different volumes, where one market has a smaller volume than the others. besides, we don't know whether a market with a small volume opens a deposit on that token or not.