Why are bitcoin prices different for other countries?

The primary explanation for discrepancies in bitcoin price across different exchanges is the fact that, as a decentralized digital currency, there is no standard or global bitcoin price at any given period of time.

Why are Luno prices different?

Why the Bitcoin price is different in different countries

Why is Bitcoin more expensive on Luno? … This is because there’s no standard or global Bitcoin price. It’s worth what people are willing to pay for it, and people using different platforms are usually willing to pay different amounts.

Why are prices higher on Luno?

If there are more people on a platform willing to sell bitcoin than there are to buy, the price will go down. If demand is higher than supply, the price will go up.

Why is Bitcoin priced differently on different exchanges?

Price differences exist because markets are not truly efficient, meaning the price of a digital asset varies slightly across markets due to the different fees that crypto exchanges charge investors, as well as the varying levels of trade volume and liquidity on any given exchange.