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  1. #1
    Pokerface's Avatar
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    Default Bitcoin & Ethereum Exchange Rates

    I am trying to better understand the exchange rates used for Bitcoin and Ethereum. I currently use Blockchain for Bitcoin and Kraken for Ethereum. I notice that the exchange rate for Bitcoin is different between Blockchain and Kraken, often by quite a large amount. I have also looked at Coindesk and that too is very different. Is the rate quote just the latest traded on their own exchange? Is the one common central point to get the best and most accurate rate?

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    Different exchanges, similar to oil prices difference

  3. #3
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    Yah, it really confuses me too. everyday conversion changes

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    Default

    Bitcoin and other alt-coins are not centrally controlled or transacted.
    SO each exchange sets it's own price for the tokens based on the buyers and sellers transacting in the coin / currency market.

    Here is a good page that lists many markets together on a line by line basis.
    https://bitcoincharts.com/markets/

    It gives you a lot of data, average prices and general up/down movements.

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