Common Questions about Bitcoin Price Equation

Modified on Thu, May 29 at 7:44 PM

Bitcoin prices differ across various cryptocurrency exchanges. On Paxful, the Bitcoin price equation enables you to adjust the price in your offer.


What is the Bitcoin price equation?


⏩ The Bitcoin price equation on Paxful allows you to automatically update your offer based on Paxful's price changes from a specific exchange. This feature lets you select a rate from another Bitcoin platform and apply it to your buy or sell offer. For instructions on how to use the price equation, refer to our guide.


How is the regular (simple mode) Bitcoin rate calculated on Paxful?

⏩ Paxful offers a bitcoin rate, which is the average ask price between the following sources:

  • Coinbase
  • Bitstamp
  • Bitfinex

What are the available rate sources in advanced mode?
⏩ In advanced mode, Paxful offers you a list of these exchange platforms:
  • Bitfinex
  • Bitstamp
  • Coinbase Pro
  • Gemini
  • Kraken

How often do rate updates happen?
⏩ Paxful updates rates from the exchange source every minute.

Which price points are available?

⏩ Here is the selection of price points:

  • Ask— The asking price is the lowest price a Bitcoin seller will accept from a buyer. 
  • Bid  The bid price is the highest price a Bitcoin buyer is willing to pay a seller.
  • 24 high— The highest bitcoin price of all completed trades on the exchange platform during the last 24 hours.
  • 24 low— The lowest bitcoin price of all completed trades during the last 24 hours.
  • Average— The average bitcoin price of all completed trades for the last 24 hours. 
  • Last  The latest completed trade price according to the selected exchange platform.


Note: The available price options may differ based on the rate source you select.

How will my custom Bitcoin rate appear to potential trade partners?


⏩  Your trade partners won’t see any indication that you’re using a custom Bitcoin price. However, your chosen rate will impact the percentage difference from the market price, which in turn affects how much Bitcoin they receive per dollar.


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