Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up.
Sign up to join this community
Anybody can ask a question
Anybody can answer
The best answers are voted up and rise to the top
If an American resident in the US and a Canadian resident in Canada had 1btc each and they each converted it on Binance to USDT, would they get the same result?
I think your question boils down to:
Can businesses charge different prices for their services in different markets? Yes they can and sometimes do. For example, in the case of a currency exchange this might be represented as a different spread between buying and selling prices or in a transaction charge. Arbitrage limits this, especially for online services.
Can different countries impose different regulations that have some effect on retail prices? Yes, different governments might have differing rules about either taxation or some other regulatory burden that businesses try to recover the cost of from their source of income
Does Changpeng Zhao love his compatriots more than he loves south north Americans? Probably not.
In this regard is any Bitcoin related business significantly different from any other type of financial business? Is it different from general business? Probably not as much as many folk seem to think.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments