You are viewing a single comment's thread from:
RE: Steem India: Now Trade Steem/INR Pair Directly But There's A Catch!
Now this was a bummer. Only a few days back while talking about availability of SteemINR pair in one of my posts, I was planning to join this exchange just to make a review of it. Thanks for this heads up, now I won't need to take that pain myself! 😊
However I wonder about $20,000 daily trade volume in this pair. Exchange volume of $1.2 million is not very bad ...if we compare it with Koinex, it's about 1/5th of it but Koinex has got many coins to put on that volume. I hope BuyUcoin will make amendments to its negative image and possibly catch up, if it's really serious about its business.
I doubt any of those figures are authentic. Many Indian exchanges manipulate prices. Zebpay does it every time they add a new coin. At Buyucoin prices are bad even if the daily volumes are good. As it is BTC rates are not maintaining parity with global prices. Here we'd be selling at a major loss from what I've seen so far. Better to go through the regular route and stick with exchanges which are proven to be reliable.