Post
Topic
Board Service Discussion
Re: Coinbase rates differ to GDAX rates...
by
bitcub
on 30/11/2017, 11:56:41 UTC
Even in Forex dude, rates of EUR/USD or USD/JPY or any pairs you pick is very different to hundreds of brokers online. Same as in crypto , there are thousand of traders online. Some of them are playing arbitrage. For example if BTC is cheaper in Coinbase. Then you can Buy a lot of Bitcoin in Coinbase, and withdraw it. Send it to GDAX to sell it in a MUCH HIGHER price.

#PROFIT

Rinse and repeat.

#PROFIT

One more thing prices varies on users, some has a very huge money. A huge buy can produce pump or much higher price in ones exchange.

Hi guys,

Can someone please clear up this up as im confused as hell:

Coinbase are currently selling 1 bitcoin for 8260 euro but on gdax the lowest sell order is 8580 euro. I would expect the sell book on gdax to be close to what coinbases rates, but that doesnt seem to be the case?..

Thanks!