user46385: I have not found anything in their FAQ. As I understand, you can buy BTC from BTC exchanges, a place where buyers and sellers meet and agree on some price. 

If I buy BTC through Coinify, where do they get them? They only list a BTC price on their front page but no source whatsoever. 
Provided there is some exchange they use, where can I track the Euro/BTC exchange rate?
Do I have to make multiple accounts for each exchange with the entire verification stuff each time I want to get my BTC somewhere else?


user46385: I asked them in an email and they provided me with the following response:

... we use a Volume-Weighted Average Price (VWAP) over multiple
  exchanges (not CoinJar though as the Wikipedia article said) to get an
  average rate that reflects most of the BTC exchange rate market.
  https://en.wikipedia.org/wiki/Volume-weighted_average_price

and

...each order you make will be processed with the best exchange rate we
  can find at the moment.


46385: <p>I have not found anything in their FAQ. As I understand, you can buy BTC from BTC exchanges, a place where buyers and sellers meet and agree on some price. </p>

<ul>
<li>If I buy BTC through Coinify, where do they get them? They only list a BTC price on their front page but no source whatsoever. </li>
<li><p>Provided there is some exchange they use, where can I track the Euro/BTC exchange rate?</p></li>
<li><p>Do I have to make multiple accounts for each exchange with the entire verification stuff each time I want to get my BTC somewhere else?</p></li>
</ul>
 46385: <p>I asked them in an email and they provided me with the following response:</p>

<blockquote>
  <p>... we use a Volume-Weighted Average Price (VWAP) over multiple
  exchanges (not CoinJar though as the Wikipedia article said) to get an
  average rate that reflects most of the BTC exchange rate market.
  <a href="https://en.wikipedia.org/wiki/Volume-weighted_average_price" rel="nofollow noreferrer">https://en.wikipedia.org/wiki/Volume-weighted_average_price</a></p>
</blockquote>

<p>and</p>

<blockquote>
  <p>...each order you make will be processed with the best exchange rate we
  can find at the moment.</p>
</blockquote>
