What is the reason behind bitcoin having different price in different platforms?

[kirubel]

When i visit many different websites and trading platforms the bitcoin price is not similar and in each and every platforms the price have some variations and differences, i have tried to see them all in the similar time but have different price range. and i wonder what is the reason behind this thing.
So if you have any idea why this thing is happening can you share it?

 

[Stardom22]

In most cases l find this thing too oftenly. I am therefore not bothered at all because l have nothing to do with the crypto currency at the moment. I have no Idea for sure as to what may be the reason behind that.

 

[nomad]

Maybe they source the price from different metrics. However, for investors like us we can take the benefit. This is normally referred to as arbitrary trading where you take the benefit of price difference

 

[timewo]

The price which the sellers and buyers are willing to pay on each platform may be different. The sellers/buyers on each of the platforms is different, and some buyers are willing to pay more.

 

[kirubel]

The price which the sellers and buyers are willing to pay on each platform may be different. The sellers/buyers on each of the platforms is different, and some buyers are willing to pay more.

Good view, i was so confused when i see that each and every exchanging and trading platforms have different values for each and every crypto coins, and i get it now. thanks

 

[Suba]

Many factors influence the price of Bitcoin which is different on all platforms, especially the platforms/exchanges do not update the BTC price simultaneously, besides that there are also different exchange liquidity factors.

 

[timewo]

Some exchanges are also allowing sellers to charge more for BTC and make a profit from arbitrage. This is considered to be one of the most popular ways to make money from crypto.

 

[Nite]

Each exchange has its own order book and liquidity, which can lead to differences in prices. Additionally, factors such as trading volume, regulatory environment, and market sentiment can also impact the price of Bitcoin on different platforms.

 

[Stardom22]

That is something that l have noticed in almost every exchange that l come across in the web.

 

[Ratine]

Go me have too realized that and l am yet to find out that in my research.

 

[Golden9]

I've realized the difference isn't often too much between platforms. Some people take advantage of it for arbitrage, and it also happens with altcoins.

 

[Nite]

One reason could be the varying levels of liquidity on each platform, which can impact supply and demand dynamics and influence price movements.

 

[Ratine]

There are some other exchanges that offer great prices than others such that they are very appealing to use.

 

[Nite]

There are some other exchanges that offer great prices than others such that they are very appealing to use.

While some exchanges may offer better prices, it is also important to consider factors such as security, user experience, and customer support.

 

[Rubz]

There are different reasons behind bit coin having different prices on different platforms. It could be the fees. Different platforms charge various fees for buying, selling and withdrawing bit coin, affecting the overall price.

 

[Nite]

Factors such as market demand, supply, and overall market sentiment can also play a role in determining the price of bitcoin on different platforms.

 

[King Belieal]

I am really yet to see a disparity in the prices of bitcoin accross platforms. Maybe, some platforms are not using live market prices.