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4598275 No.4598275 [Reply] [Original]

Why is BTC constantly hundreds of dollars more expensive in Coinbase than elsewhere? Is Coinbase based in Zimbabwe?

>> No.4598284

>>4598275
>elsewhere
Define elsewhere

>> No.4598312

>>4598275
GDAX only charges a $10 wire fee, no matter the transfer.

so send 20 million over to buy btc to sell on bithumb, $10 fee. Bitfinex i think charges .1% fee. thats a lot more than $10.

>> No.4598315

Go look up 'arbitrage' on Investopedia

>> No.4598326

>>4598315
That would explain why the price is the same, not why it's NOT the same.

>> No.4598332

>>4598326
>>4598275
>>4598315
>>4598312
its because tether is worth slightly more than 1 dollar you brainlett fucks. stop asking this

>> No.4598336

>>4598326
You are retarded leave

>> No.4598339

>>4598284
Bitcointicker.co

>> No.4598366

>>4598326
Let me spell it out for you. Say you're involved in the potato market. Potatoes are 50 cents in your village, 60 cents in a village 5 minutes away, and 3 dollars in a town that's a 12 hour horse ride away. Imagine potatoes are actually bitcoins. Some smart anon builds a machine that prints horses (tether) and sells all of his potatoes to the town forever and becomes a millionaire. The end.

>> No.4598375

>>4598336
>Hey guys why is the price different between these exchanges?
>Well you see OP, there's this thing called arbitrage that when the prices between exchanges are different, it averages them out
kys

>> No.4598389

>>4598375
200 USD in pretty significant difference though, no?

>> No.4598403
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4598403

>>4598375

>> No.4598417

There's nothing funnier than an asshole that both understands his ignorance and also believes he's figured everything out.

>> No.4598436

I think they are in Estonia that’s where they want you to send money before you can cash out, well dodgy.

>> No.4598664

>>4598375
we thought we were giving you the benefit of the doubt by assuming that you knew about supply and demand.

Sorry to have, uh, insulted you?

>> No.4598720

>>4598389
its 2%. probably sombody's rule to make sure they have time to execute it profitably. 2% minimum would leave the exchanges at least 192 dollars apart

>> No.4599243

>>4598275
God everyone in this thread is fucking retarded NEETS. The actual answer is because Coinbase provides the de-facto entry point of USD into the BTC market. And this is because they are a venture backed company that has spent millions of dollars streamlining the process of moving liquid USD onto their buying and trading platforms.

TL;DR - The easiest way for an American individual or institution to buy bitcoin is through Coinbase. All other exchanges you have to do bank wires or other bullshit. With Coinbase you hook up your bank account or debit card and you're good to go.