Can anyone explain why do people sell at rate on this link.
http://preev.com/btc/inrBecause when I checked the sell rate at 1:33pm IST 28 Oct, the sell rate was higher on zebpay, unicoin, coinsecure and almost every other site.
I can understand buyers wanting to buy at this price, but why would people sell, if they do.
You are absolutely right on this that other website do have good rates for sellers.
But on the other hand those wallets need you to verify yourself and saves your data.
Not everyone in bitcoin forum wants to reveal their own data.
And who knows some day government may apply tax on bitcoin purchase.
The negative of those websites are.
1.Your identity is revealed and they are not private wallet.
2.As all of them are PVT LTD company they are under Indian government so any day Govt may ask for audit.
And it will reveal who holds how many bitcoins straight way.
3.They charge 300-500 withdraw fees to every bitcoin withdraw process.