Thursday, March 16, 2017

Understanding difference between Indian and International bitcoin prices

Bitcoin price fluctuations on the bitcoin exchanges are driven by many factors. Below you will find the answers to the questions related to bitcoin price that is most often asked by our users:
What factors determine bitcoin prices?
Bitcoin prices depend on a lot of factors like international prices, market volatility, overall demand and supply in India and internal stock position.
Why is there a difference in Indian price and international price?
At times, the Indian prices, both buy and sell prices, are 5-10 % higher than international market. This happens when there is high demand for bitcoins in India and sellers are not ready to sell cheap. Similarly, there are days when Indian prices, again both buy and sell prices, are lower than the international market.
It is important to note that, even in the international market at times, there is 5% gap between China and USA price and there are price gaps even within USA exchanges.

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