Recently I saw a post about the Nigerian exchanges and i realized that the buying rate is 20-30% higher.
That means that the people in Nigeria buy at +30%, BUT that also means that the Nigerian exchanges buy at +25%.
Simple math:
Buy rate at Coinbase at 05:00 GMT = $929
Sell rate at Naira Exchange at 05:00 GMT = $1155
submitted by /u/pintolax
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