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.
⏩ Paxful offers a bitcoin rate, which is the average ask price between the following sources:
- Coinbase
- Bitstamp
- Bitfinex
- Bitfinex
- Bitstamp
- Coinbase Pro
- Gemini
- Kraken
⏩ 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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