Silk Road forums
Discussion => Newbie discussion => Topic started by: qoheleth8 on August 24, 2013, 03:46 pm
-
Can anyone tell me why the exchange rate for Bitcoins on SR is about $7 less than market rates? I don't remember it being that way. Wondering if it has something to do with my having an open order, but I don't know. Thanks, if you can clear this up. I've searched for an answer but can't find it.
-
SR is averaging the value of mtgox and bitstamp (the two largest exchanges) right now to obtain the value of a bitcoin. The mtgox price is artificially inflated because no one can take fiat money off of mtgox.
-
Ohhhhhh. Thanks much. I guess all the charts I was checking were exclusively Mt Gox. You can still pull money from Mt. Gox by bank wire, right? Never mind, I can find that out on my own. Guess I should begin to look elsewhere to buy bitcoins. Works out to a 5% surcharge to use Mt. Gox. :(