I happened to check that your site would be providing the cheapest among all exchanges rates as you were recently started as compared to all others for btc.
Well if I buy from you site at present rate is 81512 (addition if there is any fees to it) and you are buying from local bitcoin at 79080 and probably selling at your site at 81512.
Well now I am confused what is the benefit of buying from your site rather I should directly buy from Localbitcoin and could easily save 1700+ Rs around for 1 btc.
Well if I buy from you site at present rate is 81512 (addition if there is any fees to it) and you are buying from local bitcoin at 79080 and probably selling at your site at 81512.
Well now I am confused what is the benefit of buying from your site rather I should directly buy from Localbitcoin and could easily save 1700+ Rs around for 1 btc.
LocalBitcoins does not have the Liquidity required for a Brokerage or and Exchange, LBC is a person to person site and the rates depend on the person you are buying from and all of them have a limit of upto the amount of BTC they hold.
Lets say you need to buy 10 BTC but the top most seller(offering the best rate) has less then one bitcoin, the second has three and so on.
In this scenario you would suffer what is known as a slippage, and by the time you get all the bitcoins you need, you would have started trades with 4 or 5 different people at different rates and also complied with their Verification process if any and get the bitcoins at approx the same rates Brokerages and Exchanges are offering but with the Companies you have genuine trail of the process plus the Company can be held accountable for any issues arising and they would also provide Invoices for better accounting of taxes.
Plus you get to buy or sell the amount of Bitcoins you need at a fixed price.
Hope this helps.
Regards