why people look to buy and sell bticoins outside exchanges?

[adv.kanishk]

I think we are talking about 2 different things. The retrospective law was passed after an existing case was decided in favour of Vodafone. People may not be worried about incarceration, but they could still be concerned about excessive taxes. Excessive taxes (imposed retrospectively) would effectively result in the government seizing your bitcoins (as taxes).
[/quote]

Taxation implication in terms of retrospective effect should not happen as retrospective amendment in itself means an amendment in existing provision. I am not suggesting that an retrospective tax implication cannot happen but surely there is a remote probability that it will happen.

[krishatnet]

There are many formalities to exchange bitcoins in exchanges and also takes time. I prefer to exchange with persons in this forum having high trust.

[mynameisdon]

Black Money. Simple.

yes you are absolutely right,people often buy bitcoin for blackmoney and sell them to make it white or keeping for long term investment. in other side exchange gives bitcoin lower than traders but they yet buy from seller because of kyc form is required in almost every exchange.

[bitcoinisfurture]

Black Money. Simple.

yes you are absolutely right,people often buy bitcoin for blackmoney and sell them to make it white or keeping for long term investment. in other side exchange gives bitcoin lower than traders but they yet buy from seller because of kyc form is required in almost every exchange.

Went back to 1.5 yrs  

True to an extent that is one of the reason and KYC also another hindrance.

[btvGainer]

Trading bitcoin for cash is easier and no one can track it. I sell btc and money is mine, no banks no shit

Where and how you receive cash?You must sell it to buyer by meeting him in person if you want to avoid bank

[iqlimasyadiqa]

some people think that the exchanges could not be used as benchmarks. several exchanges, including exchanges outside will make them to see the exact rates. there will be a comparison of prices for profit.

[coldice]

Well sometimes users prefer to buy/sell outside exchange because some people like to scam here. I have seen many peoples who used to scam for btc<-> inr exchange.
There are some kids who earn btc by ewhoring and by blackhat method. They do not want their money to be transferred to their bank account because when their parents would see it then they could be in trouble.

For me exchange is they best way to buy/sell btc. I have used coinsecure since starting and used zebpay to buy flipkart vouchers.

Buying/Selling by any middle man does not confirms that you will get your btc or inr or any product.