I did not get the point. Who decides the base price for charging the commission? Say I buy a coin for Rs.1000 and want to sell it at Rs.1200. Either i directly quote Rs.1200 as the price or say the price is 1150 and the 'fee' is Rs.50 .
"It gives you better competitiveness in price display."
is the prominent factor if u ask me.
ppl will visit thinking the rates are cheaper, ofcourse can later decide on it.
devansh1991 what you said is an ideal form of trading which can only be possible if there is a trading market, in India. right now the price determination is done by exchanges that are in other countries and it does not paint a proper picture of what the market force in India is like.
I have always said that we can create a market force determination in India without a conventional trading market setup (Exhange), i.e to use this forum's Market section as a barometer, enforce a rule that makes the sellers and buyers to display the amt they are willing to buy and sell for . the mid point will be a current market price.
