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New in the bitcoin business

Discussion in 'CryptoCurrency' started by Xsesonit, May 30, 2017.

  1. Xsesonit

    Xsesonit Regular Member

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    I have been searched for bitcoin rate in google.
    3 first websites give diffrent rate for 1btc. how do they calculate ?
     
  2. davids355

    davids355 Jr. VIP Jr. VIP

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    Each exchange has their own rate if I'm not mistaken??
     
  3. jp_smith86

    jp_smith86 Jr. VIP Jr. VIP

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    Yes. But Exact price can be checked on blockchain.info as they are not exchangers.
     
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  4. tb303

    tb303 Power Member

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    The price on blockchain.info is an average across the main exchanges same as coinmarketcap etc. As @davids355 says above each exchange will have a slightly different price.
     
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  5. Xsesonit

    Xsesonit Regular Member

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    Ok . so let's say that I am buying BTC in localbitcoins.com, BTC price there is different than blockchain.info
    How should I calculate it?
     
  6. MrChow

    MrChow Junior Member

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  7. Nut-Nights

    Nut-Nights Jr. VIP Jr. VIP

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    But Op its not a good time to buy btc you better invest in ethereum or other currency.
     
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  8. MrChow

    MrChow Junior Member

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    Yeah, btc is in all time high, i've had forgotten some btc in a wallet, when i checked it, my money trippled lol.
     
  9. tb303

    tb303 Power Member

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    Whats to calculate? If you buy from localbitcoins.com you pay the price there. You buy from coinbase you pay their price. You sell on Kraken you get the price there.

    Someone please make a sticky on buying bitcoins and save this section from the flood of these questions!
     
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  10. hippo123

    hippo123 Jr. VIP Jr. VIP

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    Yeah you pay whatever the exchange rate is showing.
     
  11. davids355

    davids355 Jr. VIP Jr. VIP

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    Just look around for the lowest price, if you are buying. And look for highest price if you are selling.
     
  12. TeslaFan

    TeslaFan Junior Member

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    If you buy it from a person like on localbitcioons be preapared to pay 30 or 40% fee sometimes over the exchange rate.
     
  13. ePrime

    ePrime Jr. VIP Jr. VIP

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    Sort this table by Price ASC: https://coinmarketcap.com/currencies/bitcoin/#markets

    Start checking with the first exchange in the list - if it's available in your location and if you are able to buy from that exchange. Most exchanges require documents, and those that don't will have higher rates.
     
  14. Morrison.P

    Morrison.P BANNED BANNED

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    check it on coinmama.com
     
  15. avilux

    avilux Power Member

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    The price of bitcoin will vary by even up to 10-15% because each exchange has different rates and averages. The largest differences will be the ones through foreign markets (especially in SE Asia). And then the people who have BTC decide to hoard it and sell it for even up to 40% on top of what these exchanges offer. It's just how the business works :)