One of the most asked questions in our country: Why is the price of Bitcoin not rising in Turkish stock markets while it is rising abroad? Turkish stock markets are often criticized for not being sensitive enough to price movements. The price of Bitcoin is coming out abroad. Why is it still low in Turkey? Although the price formation is formed according to the buyer-seller balance in each exchange, sometimes there can be serious price differences between foreign and domestic exchanges, and there are even price differences between Turkish exchanges.
Why doesn’t the price of Bitcoin rise in Turkish stock markets while it is rising abroad?
Since there are investors from abroad besides Turkish investors in Bithesap, which was developed in England, a more sensitive and realistic Bitcoin price is formed to foreign price movements. For example, at the time of writing, the price of Bitcoin, which is around 42 thousand TL in Turkish stock markets, is currently trading at 44 thousand TL in Bithesap. Since there may be situations like the opposite, that is, when the price is cheap in Bithesap, it is expensive in other exchanges, it is possible to earn risk-free profits as following the price of each exchange without being tied to a single exchange will provide arbitrage opportunities. A price API is offered to follow the instant price formations in Bithesap, and the information of this API is known to be accessible through its website.
Bitcoin transfer fees are lower with SegWit
With the new Bitcoin version last week, many exchanges With the new Segwit infrastructure that Bithesap has also passed, sending Bitcoin from one exchange to another with low transfer fees is now cheaper than before, and there are more opportunities to arbitrage and earn profits.
Commission rates according to transaction volume
Bithesap With the new commission model it has recently updated, it applies commission according to the transaction volume of the last 30 days, and users with high transaction volume can also benefit from very affordable commission rates such as 0.09%.