Post
Topic
Board Bitcoin Discussion
Re: Why is the price of BTC (and any other crypto) always higher in Asian countries?
by
worldofcoins
on 25/09/2020, 04:47:44 UTC
Its consistently higher that what the normal currency exchange rate would suggest in Asian countries.

For example if you multiply the USD rate of 1 BTC with the CNY rate, its 1 BTC = CNY 73,600, but exchanges there have it around CNY 75,500.

In other countries in Asia and South America also BTC is more expensive to buy in non-USD currencies than in USD.

Why is this the case?

Is it accurate to say that you are discussing the cost of US Dollars?.
It doesn't make a difference, Since expanding the cost of USD makes everything costly.
In my nation USD cost is higher than other nations and each stuff in my nation is costly. So it doesn't matter if the price is higher or not you'll cost higher when you buy things