This difference in values occurs due to the way Bitcoin (or any cryptocurrency) prices are determined on exchanges and how data is presented on platforms like Google.
Here are the main factors that explain this discrepancy:
1️⃣ Price Determined by Supply and Demand
🔹 Exchanges like Binance: The price of Bitcoin on an exchange is determined in real time, based on the buy and sell orders made by users of that platform. This means that the price may vary slightly between different exchanges due to the liquidity (number of trades) and trading volume in each market.
🔹 Google: The price displayed on Google is not the price from a single exchange. It is usually a global average of prices obtained from several exchanges and may include a slight delay in updating.
2️⃣ Regional Factors and Rates
🌍 Currency Conversion: The price displayed on Binance may be directly in Brazilian Reais (BRL), while Google may use an average of the global price of Bitcoin in US Dollars (USD), converting it to Brazilian Reais at the current exchange rate. Small differences in the exchange rate used may generate discrepancies.
📈 Local Markets: The price of Bitcoin in reais may vary between Brazilian and international brokers due to local economic factors, such as demand for the asset in Brazil and the conversion rates applied by the platforms.
3️⃣ Fees and Margins
💰 Some brokers include small margins or fees built into the display price.
🔍 Google does not consider these fees; it simply presents an average value based on data feeds from different exchanges.
4️⃣ Update Time
⏳ Google: Price updates on Google can have a slight delay (usually seconds to minutes), which is enough to create a discrepancy in a market as volatile as cryptocurrencies.
⚡ Binance and Other Exchanges: Offer real-time prices based on the trades taking place at that exact moment.
5️⃣ Differences in Volume and Arbitrage
📊 The volume of trades at each brokerage can influence the price, creating small arbitrage opportunities (buying at one brokerage where the price is lower and selling at another where it is higher).
📉 These differences are more common in markets with lower liquidity.
Practical Example
✔️ On Google: The price of Bitcoin is a global average converted to BRL based on the commercial dollar or generic rates.
✔️ On Binance: The price reflects active trading between buyers and sellers on the Binance BRL market.
📌 The difference occurs due to the source of the data (global average vs. local real-time price), liquidity, applied fees, and update time. Therefore, it is always better to trust the price directly from the broker where you plan to make a trade.
Comment what you think 🫵🏾
