{"id":13671,"date":"2021-09-01T13:32:15","date_gmt":"2021-09-01T08:02:15","guid":{"rendered":"https:\/\/zebpay.com\/?p=13671"},"modified":"2021-09-01T13:32:15","modified_gmt":"2021-09-01T08:02:15","slug":"why-do-crypto-inr-and-usd-prices-vary","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/why-do-crypto-inr-and-usd-prices-vary","title":{"rendered":"Why do crypto INR and USD prices vary?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/why-do-crypto-inr-and-usd-prices-vary\/#What_impacts_the_pricing_of_cryptocurrencies\" title=\"What impacts the pricing of cryptocurrencies?\">What impacts the pricing of cryptocurrencies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/why-do-crypto-inr-and-usd-prices-vary\/#Reasons_behind_the_varying_INR_and_USD_cryptocurrency_prices\" title=\"Reasons behind the varying INR and USD cryptocurrency prices\">Reasons behind the varying INR and USD cryptocurrency prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/why-do-crypto-inr-and-usd-prices-vary\/#The_crux\" title=\"The crux\">The crux<\/a><\/li><\/ul><\/nav><\/div>\n\n<p><strong>As we write this post, the price of a bitcoin across the best cryptocurrency exchanges in India stands at $47,301.06, or \u20b934,53,650. Because crypto exchanges operate differently from traditional stock markets, you see a slight variance in their pricing. This is completely unlike pricing on the NSE or BSE. Read on to understand why this variance exists across cryptocurrency exchanges in India.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-impacts-the-pricing-of-cryptocurrencies\"><span class=\"ez-toc-section\" id=\"What_impacts_the_pricing_of_cryptocurrencies\"><\/span>What impacts the pricing of cryptocurrencies?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As of now, we know that there is no underlying asset that determines the prices of <a href=\"https:\/\/zebpay.com\/in\/buy-cryptos\/\" target=\"_blank\" rel=\"noreferrer noopener\">cryptocurrencies<\/a>. For example, take bitcoin. There is a fixed total of 21 million coins, and around 18 million of them are already in circulation.<\/p>\n\n\n\n<p>Once the remaining stock is mined, the pricing would depend solely on the market\u2019s demand and supply. Like with any other instrument with limited supply, the higher the demand, the higher the prices. So at the end of the day, demand for cryptocurrency in India<strong> <\/strong>and worldwide often determines its price.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reasons-behind-the-varying-inr-and-usd-cryptocurrency-prices\"><span class=\"ez-toc-section\" id=\"Reasons_behind_the_varying_INR_and_USD_cryptocurrency_prices\"><\/span><strong>Reasons behind the varying INR and USD cryptocurrency prices<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The variation you see is a common phenomenon and happens worldwide. The are several contributing factors:<\/p>\n\n\n\n<p><strong>Transactional complications<\/strong><\/p>\n\n\n\n<p>There is a tried-and-tested process to convert one fiat currency to another. But for INR to USDT to crypto? The process is not as seamless. Moving money across the <a href=\"https:\/\/zebpay.com\/in\" target=\"_blank\" rel=\"noreferrer noopener\">best crypto exchanges<\/a> in India<strong> <\/strong>or worldwide requires collateral and time, eliminating arbitrage profits.<\/p>\n\n\n\n<p><strong>Fees and taxes<\/strong><\/p>\n\n\n\n<p>Unlike equity shares transfer, which entails minimal fees and taxes, transferring cryptocurrency in India<strong> <\/strong>like Bitcoin comes with additional charges like margins, tax, and transaction fees. These are not as minimal as in the case of equity shares.&nbsp;<\/p>\n\n\n\n<p>In addition, there will be exchange rate differences that will further plummet the price you receive by selling your holding. So people do not tend to make profits by shifting from one exchange to another, allowing the variation to persist longer.<\/p>\n\n\n\n<p><strong>Trading volumes<\/strong><\/p>\n\n\n\n<p>The volume of trade directly impacts the price of a cryptocurrency prevailing in a stock exchange. So it is more likely that a large crypto exchange will have a higher volume, whereas a smaller one will have a different scenario altogether.<\/p>\n\n\n\n<p>For example, let\u2019s take Zebpay in India. <a href=\"https:\/\/zebpay.com\/blog\/dogecoin-today\/\" target=\"_blank\" rel=\"noreferrer noopener\">There are 2,00,000 people interested in buying Dogecoin<\/a>, whereas if we consider a US-based large exchange, more people are interested in trading in the same crypto. So it results in Dogecoin\u2019s INR and USD price difference.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-the-crux\"><span class=\"ez-toc-section\" id=\"The_crux\"><\/span><strong>The crux<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>An investor must know the prevailing prices across cryptocurrency exchanges in India and worldwide before investing, but that cannot be the sole deciding factor. Every marketplace has its norms about exchange rates, margins, and more, and you must compare them all and then decide.<\/p>\n\n\n\n<p>For example, ZebPay is one of the best cryptocurrency exchanges in India and is trusted by millions of people in the country. It is because we&#8217;re transparent about our processes and do not charge a bomb for every transaction.<\/p>\n\n\n\n<p>Click <a href=\"http:\/\/www.zebpay.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a> to start your cryptocurrency journey with ZebPay.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n","protected":false},"excerpt":{"rendered":"<p>As we write this post, the price of a bitcoin across the best cryptocurrency exchanges in India stands at $47,301.06, or \u20b934,53,650. Read on to understand why this variance exists across cryptocurrency exchanges in India.<\/p>\n","protected":false},"author":1,"featured_media":13672,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13671"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=13671"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/13671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/13672"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=13671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=13671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=13671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}