Ethereum: Electrum exchange rates. Where do they come from and why are they incorrect?
Ethereum: A closer look at currency courses
As a frequent Electrum customer user, you probably know his simple and intuitive interface. However, a closer study reveals that exchange rates displayed on this platform are not completely accurate. In this article, we delve into where these incorrect exchange rates come from and why they can mislead.
Where do exchange rates come from?
Ethereum exchange courses are determined by the market forces of supply and demand. When users deposit or withdraw bitcoins (BTC) on the platform, their account balance is converted to the appropriate FIAT currency (in this case USD). This process is facilitated through the networks of external stock exchanges that buy and sell bitcoins at permanent rates.
