Is it legit for zebpay to take that much commission?
Zebpay is a app used in India widely...they decide the amount through exchanges and their buying and selling rate does have a very high difference, that puts the normal public at a loss.
It`s not about "legit" or unfair.This is business like every other business inside a market economy.
They charge high fees because they have high costs to maintain their service in India.
The risks are also very high and they are trying to cover it.There is a posibility for India to follow China and ban all the cryptocurrency services and exchanges.Heavier government regulations increase the costs of maintaining such business.
I assue you that will never happen... Indian government is i don't know how people percive it .. but its.. the government which give people every liberty to do what they want to...here people decides as a whole not just a small... Section of goverment...and laws are always made in favour of people.. above everything..
Also.. Around 1 million people use bitcoins in India ...thus they have a preety good business ...
Thats just compaines putting up any price that they want .... Also there are very few government regulations and they have recently made everything simpler for the welfare of these kind of companies only and for many other things with the introduction of GST.
Everything else is just fair🙋 feel free to come here any time and see how it works😊