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Mr.Meerkat
Mr.Meerkat Mr.Meerkat

WTF is this? This exchange...

0.06368eth = 50~ euros (which is equal to £44~ converted) but when directly exchanging eth to GBP , its only £33~. I rather eat my bank fees for foreign currency as its lower...

  1. Energycore

    Energycore

    Huh.

     

    Yeah, you're right. Euro is 0.88 a GBP (https://www.tradingview.com/symbols/EURGBP/)

    Eth/GBP is 619.74 https://www.tradingview.com/symbols/ETHGBP/

    And Eth/EUR is 787.41 https://www.tradingview.com/symbols/ETHEUR/

     

    So you're actually making more money if you sell your eth for euros. I feel like this has to do with very few exchanges trading the big crypto names against GBP, only Kraken does it that I know of.

     

     

  2. Mr.Meerkat

    Mr.Meerkat

    I am using kraken :P. In fact, I've been using Kraken since 2016 so I might as well continue using it...

  3. Energycore

    Energycore

    I supposed so, but what I mean is that with cryptos against GBP only happening on kraken, it makes some sense that the correlation isn't incredibly strong.

     

    It happens as well when I trade BTC/ETH/LTC/XRP against my local currency, sometimes it takes forever for it to adjust to a change, or the coins are +/-10% in value compared to their price against USD.

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