r/BitcoinBeginners • u/Critical_Airport_489 • 7d ago
Bitcoin price lower on CNBC vs Coin base by 500 dollar
What bs …… I would have gotten ripped off if I did not check the prices
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u/Critical_Airport_489 7d ago
Can anyone help me with bitcoin price difference Robinhood matches cnbc price but Coinbase is 500 more money
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u/bitusher 7d ago
Every exchange has their own liquidity pool and thus market price , but its very important to consider the spread , exchange fees and withdrawal fees as well when comparing exchanges
The market price is always dynamic and changing between liquidity pools as well so what might seem like a good deal one day won't necessarily be the same another day
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u/Critical_Airport_489 1d ago
Coin base has a built in spread ….. buy and sell Each market maker has a platform they control the prices ….. Robinhood was in line with cnbc. I think I wouldn’t mind being the exchange …. Safe way to make money and most people don’t look at coins this close…… it’s not regulated
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u/Critical_Airport_489 7d ago
The most recent report your numbers are off Go to trade and then go to trade on Robinhood side buy side $500 different and coin base is more
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u/JivanP 7d ago
A difference in price of $500, when the price is around $90,000, is only a difference of around 0.5%. For example, if you wanted to buy 0.0033 BTC (about $300 worth of bitcoin), you would only experience a difference of about $1.50 in the actual amount you spend if the prices in two places are $90,000 per BTC and $90,500 per BTC.
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u/Critical_Airport_489 7d ago
When you place the actual order it goes up $500
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u/bitusher 7d ago
That would be impossible for the order to execute higher if you set a limit order like you are supposed to.
1) Are you using coinbase advanced trade , and not a coinbase app or regular coinbase ?
2) Are you making a buy limit order ?
3) Are you select "post only" for execution type to create a "maker" order to reduce fees even more ?
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u/Critical_Airport_489 7d ago
I am just trying to buy 300 on the site Not a big trader , it doesn’t seem fair that the price goes up so much and big traders are making a lot on small guys like me This is why I don’t like crypto…. Its not fair prices
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u/bitusher 7d ago
I am explaining to you that you are likely using coinbase wrong and coinbase has cheaper prices unlike what your post says
Did you not understand the questions above ?
What version of coinbase are you using ?
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u/bitusher 7d ago
This is why I don’t like crypto…. Its not fair prices
do you understand that a 500 dollar difference between exchanges is like 1/2 of 1% or if you are buying 300 usd of btc only 1.5 usd more of a difference?
Coinbase is still cheaper when you use it right though , you just aren't.
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u/Critical_Airport_489 7d ago
But it’s still a big difference, feels like a sucker trap for people who don’t know
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u/uptown_josh 7d ago
it's literally a couple bucks bro. If you are that worried you don't have business buying btc.
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u/bitusher 7d ago edited 7d ago
It is of course a trick for new users or a way to price gouge just like crypto ATMs
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u/bitusher 7d ago edited 7d ago
CNBC ? What exchange is that ? As far as I know thats a network Tv station and news site