Well, I am new to this world and trying to understand things. The main thing where I got stuck is, I realise that the same currency has different values in different places.From www.coinmarketcaap.com

And in here for Ripple in India[![][2]][2]

And for bitcoins Premier Bitcoin Exchange in India

I just want to understand why such discrepancy. Any type of guide will be welcomed.

Thanks in advance

FYI : I live in India

Discrepancies in exchange rates can arise from many things, such as:

  • how often the exchange rates are recalculated or cached by the website
  • where the website gets the data from (e.g. there are a lot of different exchange platforms, the live price varies a bit between them all)
  • how the rate is calculated (most exchanges only support BTC/USD as fiat currency price, so any other fiat currency like Rupee or Ripple coin must be calculated using multiple conversion steps (e.g. ripple -> bitcoin -> USD -> Rupee)

Also, if you are using a website like zebpay, they set the rate themselves to include a fee, because they want to make a profit, so you can expect that rate to always be higher than the price listed on something like coinmarketcap.com. That is just the rate they sell at.

Your Answer

 

By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service, privacy policy and cookie policy, and that your continued use of the website is subject to these policies.

Not the answer you're looking for? Browse other questions tagged or ask your own question.