Few things about INRBTC, I understand now what you are trying to do, you are trying to be a distributed exchange
I was hoping to try it but then it asked me to deposit 0.1BTC before even doing anything , I gave upAt INRBTC whenever a order is placed, the user will be asked to deposit 10% of the order value to confirm the order.
In your case, you might have placed a order for buying/selling 1 BTC. Hence the request to deposit 0.1 BTC
I will be able to give you more specific details after looking at your order details.
Why we take a deposit ?
1) Deposit ensures that only serious buyers/sellers place an order, thereby eliminating spam orders and distorting order book.
2) Deposit ensures that once a trade is executed, both the buyer and seller honor the trade, incase they do not they risk losing the 10% deposit.
Are you doing an escrow , to make sure the trade happens fairly ? A trade happens when the Buyer price and Seller price matches. After a trade is executed, the seller will be sent the BTC Address to deposit bitcoins. ( This address is held by INRBTC ). The Buyer will be sent the Bank Details of the seller along with the information of the BTC Address sent to the Seller. The buyer deposits the amount only after the BTC is transferred.
After the Seller confirms the Bank deposit, we release the BTC to the Buyer.
Now the facts
a) out of 185 Trades executed on our exchange since Sep 10th , all have been honored.
b) A few instances when the bitcoin value was hugely volatile on Bitstamp and Mt. Gox even then trades executed on our exchange have been honored by the Buyer and the Seller.
Most people are worried that their money will just disappear, when they transfer it you. That is also the reason showing charts/activity helps. It helps to build some trust
I will agree that providing charts/activity will help a user evaluate a exchange better but as per Trust is concerned, it has to be earned everytime, Day in and Day out.
Given the fact that till now no user/customer has a registered a complaint or worry about our service either on this forum or anywhere else, we do believe that we are earning the trust from the customers.
We do have some good feedback from our users
https://bitcointalk.org/index.php?topic=231585.0I also wish that more users who have utilized our services post their reviews or feedback
Finally I would like to Thank you for raising these issues. It definitely helps to know the perspective from others.
Do let me know how we can earn your trust.