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Hi was reading through the wiki about exchanges,

https://en.bitcoin.it/wiki/Trading_bitcoins

it looks there are two kinds of them, what's the difference?

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The price in real-time trading exchanges is determined dynamically based on supply and demand. People sell and buy which influences/determines the price fluctuations.

The price in fixed rate trading exchanges is whatever the seller chooses to; e.g. selling 1btc for $450 each. That price is usually determined by consulting real-time exchanges and the seller will update the price accordingly.

  • I see, so fixed rate trading isn't really an exchange IMO, as it's not the market price of btc. – fluter Mar 19 '16 at 6:58

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