As of September 2019, the price of Ethereum Classic (ETC) was $6.31 on Coinbase.
However, the price of ETC can be different on other exchanges. So, why is ETC price different on Coinbase?.
There are a few reasons for this. First, Coinbase is a US-based exchange, and the US dollar is the primary currency traded on Coinbase.
As such, the price of ETC is generally denominated in US dollars on Coinbase.
Second, Coinbase is a major exchange with a lot of liquidity. This means that there are always buyers and sellers willing to trade ETC on Coinbase.
NOTE: WARNING: The price of Ethereum Classic (ETC) on Coinbase may differ from the market price due to market forces and other conditions. Therefore, it is important to be aware of the current market price of ETC before making any purchase or sale decisions. Please do your research and take appropriate care when making any financial decisions related to cryptocurrency.
This results in a more stable price for ETC on Coinbase than on smaller exchanges.
Third, Coinbase has implemented a number of security measures to protect users’ funds. This includes insurance for user funds and multiple layers of security.
These measures make Coinbase a more trusted exchange, which can attract more users and result in higher trading volumes. This can lead to a higher price for ETC on Coinbase than on other exchanges.
Fourth, Coinbase generally has lower fees than other exchanges. For example, Coinbase charges a maker fee of 0.15% and a taker fee of 0.
25%. These low fees can attract more users to trade ETC on Coinbase, which can lead to higher trading volumes and a higher price for ETC.
Finally, it’s important to remember that the prices of cryptocurrencies are highly volatile and can change rapidly. So, even if the price of ETC is higher on Coinbase than on other exchanges at one moment, that could change in the future.
10 Related Question Answers Found
The price of Ethereum Classic (ETC) is often more expensive on Coinbase than other exchanges. There are a few possible explanations for this:
1) Coinbase is one of the most popular exchanges and therefore has more demand for ETC. This increased demand drives up the price.
2) Coinbase is a US-based exchange and US customers may be willing to pay more for ETC due to its familiarity and ease of use.
3) Coinbase has been known to be one of the most reliable exchanges, which could lead customers to believe that they will get their money’s worth by paying a higher price.
4) Coinbase offers a “Coinbase Pro” service that allows users to trade ETC at a lower fee, which could make the regular Coinbase price seem high in comparison.
It is not uncommon for investors to see different prices for the same asset on different exchanges. This is because each exchange has its own order book with different prices. The order book is a list of all the buy and sell orders that have been placed on an exchange.
When you’re trying to buy or sell digital currency on Coinbase, you might notice that the prices you see quoted on the platform are different from the prices you see quoted on other exchanges. For example, at the time of writing this article, one Bitcoin is worth $8,700 on Coinbase Pro but $9,200 on Binance. So why is Coinbase showing different prices?
The price of Bitcoin on Coinbase is different than the price of Bitcoin on other exchanges. This is because the price on Coinbase is based on the exchange rate between US dollars and Bitcoin. Other exchanges may use different exchange rates, so their prices will be different.
Coinbase is one of the most popular cryptocurrency exchanges, and its prices are often used as a reference point for other exchanges. However, Coinbase prices can sometimes be different from other exchanges. There are a few reasons for this.
When it comes to buying Bitcoin, there are plenty of options out there. But when it comes to finding the best price for Bitcoin, Coinbase is often the go-to exchange. So, why is the Coinbase price higher?
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Coinbase is one of the most popular cryptocurrency exchanges out there. But why is it so expensive? For starters, Coinbase charges a higher fee than most exchanges.
