Bitcoin Forum

Local => India => Topic started by: krishnaverma on December 01, 2017, 12:08:45 AM



Title: Which bitcoin exchange in India trades on live international price?
Post by: krishnaverma on December 01, 2017, 12:08:45 AM
Is there any bitcoin exchange in India trades on live international rates? I am asking this because most of the exchanges are charging about $1000-$2000 more than international price.


Title: Re: Which bitcoin exchange in India trades on live international price?
Post by: newinbtc on December 01, 2017, 11:11:27 AM
My answer will be No one......

Indian Government Rules
You have to pay Tax on Service charge
If they Earn 100 Rs the they need to pay 18 rs as tax only

Exchanges like unicoin and zebpay need to follow the rules Also they need to pay Gst , Returns , Income Tax

This is the main reason behind huge difference between Indian rates and international rates


Title: Re: Which bitcoin exchange in India trades on live international price?
Post by: kittucrypt on December 05, 2017, 02:15:15 PM
My answer will be No one......

Indian Government Rules
You have to pay Tax on Service charge
If they Earn 100 Rs the they need to pay 18 rs as tax only

Exchanges like unicoin and zebpay need to follow the rules Also they need to pay Gst , Returns , Income Tax

This is the main reason behind huge difference between Indian rates and international rates

I wouldn't say that's the reason. The exchanges operate as a brokerage and only taxes they have to pay are on the fees that they charge. So if they sell a BTC to you for 8L, they arent paying a GST or service charge tax on that. Apart from that returns and income tax is something any business has to file. Even the exchanges in US have to do that.


Title: Re: Which bitcoin exchange in India trades on live international price?
Post by: yyuvane on December 06, 2017, 11:37:23 AM
try https://xapo.com/


Title: Re: Which bitcoin exchange in India trades on live international price?
Post by: Balachandare on December 07, 2017, 05:16:42 AM
How to deposit more than 50000? By cash