- What is this converter?
The purpose of this tool is to help users easily get BTC equivalent of any INR amount. This will be helpful for users who want to know the bitcoin price of a product/service for which INR price is known.
- What rate is used?
The conversion rate is the "average selling bitcoin rate after fees".
- Why "selling bitcoin rate after fees" is used?
The actual worth of bitcoin in INR is the rate at which bitcoin can be sold and can be converted into INR, hence "selling bitcoin rate after fees" is used
- Why average rate is used?
Since different exchanges have different selling rates after fees, a product/service seller would like to use the lowest rate to convert INR price to BTC price and a buyer who is paying in bitcoin would like to use the highest rate to convert INR price to BTC price. So we use average price to avoid extremes.