Why does Binance XRP Price differ from COINMARKET CAP???

[dw4]

Binance is always way lower on XRP Current Price Than CoinMarket Cap. Why is that???

[zenkert]

As I get it CMC is an average of "all" exchanges. Prises differ on exchanges too. That´s the way it is. Nothing to bother about.
I trade at Bitstamp and the prise in $ as I wright this is 3.039

Edited January 4, 2018 by zenkert

[zenkert]

BTW @dw4

[Alluvial]

25 minutes ago, dw4 said:

Binance is always way lower on XRP Current Price Than CoinMarket Cap. Why is that???

If you click on the xrp price in coinmarketcap, it will take you to a page that shows the prices of xrp on the various exchanges, including Binance.  The coinmarketcap price is based on some average of the various exchange prices.

[dw4]

Alluvial, Thank You so much! So from that, one should "Shop" the exchanges when buying (lowest) and selling (highest) prices???

[DoWhatIDo904]

10 minutes ago, dw4 said:

Alluvial, Thank You so much! So from that, one should "Shop" the exchanges when buying (lowest) and selling (highest) prices???

that is an option. Called arbitage.

[zenkert]

2 minutes ago, DoWhatIDo904 said:

that is an option. Called arbitage.

That is not what Newbies should do. Takes a lot of Skill and so forth . . .

[DoWhatIDo904]

14 minutes ago, zenkert said:

That is not what Newbies should do. Takes a lot of Skill and so forth . . .

correct

Edited January 5, 2018 by DoWhatIDo904

[zenkert]

1 minute ago, DoWhatIDo904 said:

Didn't say he should.

I was joking in a way. Sorry if I offended you. Not my intention.
It was more for the OP to read.

[DoWhatIDo904]

Just now, zenkert said:

I was joking in a way. Sorry if I offended you. Not my intention.
It was more for the OP to read.

all good. went back to change my response after I read it a couple times. lol

[zenkert]

1 minute ago, DoWhatIDo904 said:

all good. went back to change my response after I read it a couple times. lol

LOL All well then. Take Care!

Edited January 5, 2018 by zenkert