Great post @gungunkrishu
If you have Australian dollar in the binance Australia exchange then you can buy 1 $BTC at a discount of almost $5K which means you can get ONE $BTC for close to $34K+ Australian dollar which is approximately $22K+ American dollar.
It's quite confusing. Is the discount actually favouring Australians, or the value of their fiat to American dollar is massive ?.
Ideally, we have faced similar situation in other countries as well, like in India we saw it also where many banks were not allowing the crypto exchanges bank deposits and withdrawal services and there was this panic selling all across the Indian exchanges.
We are also facing similar situation in my country, but crypto users can use the p2p medium very well. When making payment by bank transfers, we don't specify "crypto currency" in the description of the payment. Crazy idea right !!!.
The discount is favouring folks who buy using the AUD dollar and then they sell it on other exchange or trade for another crypto coin. The jest is that users should not panic and sell at a discounted price. cheers
Posted Using LeoFinance Alpha
That's massive, crazy ideas.
@gungunkrishu.leo, please i av some questions, i guess it should be private, do u av any centralize social media account ?, or discord, or please just drop a message via my twitter handle on my profile.
Thank you.