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Old October 20, 2019, 11:08   #1
Exit308
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Question for those educated about Bitcoin.

There is an app for phones that connect to a financial database at CNBC.
It has a cryptocurrency section that shows the current dollar exchange rate for crypto’s. Some of you are prolly familiar with it.

On the crypto page are listed three or four Bitcoin entries.
The current exchange rate is sometimes close in values, but never identical, and sometimes quite a bit different.
I assume that the entries are for different Bitcoin ‘exchanges’.

Am I correct in that assumption and why is the dollar exchange rate different across the various exchanges?

Thanks in advance.
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Old November 07, 2019, 18:46   #2
Highground
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Not a user of cryptos but very likely since the buy/sell goes through their version of a brokerage house there is some type of commission fee. If you sell to them then as in most house transactions you sell to them at a lower price than the "buy", some call it the "spread" and may also invoke a commission or trade charge.

I just stick to metals.
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Old November 07, 2019, 19:17   #3
Highground
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Not a user of cryptos but very likely since the buy/sell goes through their version of a brokerage house there is some type of commission fee. If you sell to them then as in most house transactions you sell to them at a lower price than the "buy", some call it the "spread" and may also invoke a commission or trade charge.

I just stick to metals.
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