Why is Zebpay not increasing the sell price even when the global bitcoin prices are soaring?

in #zabpay7 years ago

Zebpay already sells BITCOIN at relatively higher prices than global market. It is due to demand-supply factor in India.

The sell price is not in hands of Zebpay. It’s a trading platform where :

BUY price is the price for buyer ( Here the BUY PRICE=PRICE AT WHICH SELLER IS WILLING TO SELL)

SELL PRICE is the price for seller (Here the SELL PRICE=PRICE AT WHICH BUYER IS WILLING TO BUY)

Zebpay does not show you how trading works. Look at this to understand trading prices:

Check the sellers in queue and check BUY price

Check the buyers in queue and check SELL price
https://lh3.googleusercontent.com/D6UyT8wvCqg7bYxYgL8sE6MIIzlXRDokSomlYk6cuToh8912GTg14NWKrjtOgWMNJepPCA=s152
Hope you got how prices fluctuate. Ping me for any query.

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