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1  Local / Press & News from India / Re: [2017-05-16] ET: Bitcoin drops to three-week low on profit taking on: June 17, 2017, 10:33:10 AM
Does it mean that we may have 2 different bitcoin variants in future?

I am still trying to figure out how n where to buy my first bitcoin and now this news Cry
2  Local / India / Re: Why it advisable to buy/not buy from international exchanges on: June 17, 2017, 06:06:27 AM
advisable to buy from indian exchanges if you are indian as investment has to be shown in books for tax.

you can also buy upto 250,000$ per year from foreign exchange, then fall under FEMA and more paperwork and headache involved. better pay 15% premium in India, unless amount is huge!
Thank you for prompt reply.

Can we show buying btc as investment in our IT returns? I highly doubt it as btc is not recognized by indian govt.

FEMA limit is too high for me. I will never be able to breach it Cheesy. I am thinking of buying coins from either cex.io or coinmama. Has anyone used it before?

The difference b/w intl exchange and indian exchane is still huge. Last.time i checked, price difference was 30k.

Also, Im thinking of buying using my credit card first. Once i get comfortable with whole process, i will use bank transfer. Is this a good decision?

Regards,
BabluPP
3  Local / India / Why it advisable to buy/not buy from international exchanges on: June 15, 2017, 02:15:58 PM
Hi All,

Call me n00b but I am unable to understand why it is advisable or not advisable to buy btc from international exchanges such as coinbase, coinmama or cex.io instead of indian ones?

I am totally new to all this and I want to buy btc for investment purposes but cant figure out WHY there is no much price difference between prices of local (coinsecure, zebpay) and international (coinmana, coinbase, cex.io) exchanges. Also, I dont want to be scammed in my first purchase itself Grin

Any reply is really appreciated.

Regards,
BabluPP
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