BTC Exchange from Foreign Country to India

[sandipcd]

I am from India. How can I sale Bitcoin in a foreign country exchange website and transfer that money to India Bank Account?

[HasHe]

Well,that might become a hot topic in india in the upcoming weeks as we get news that india may ban bitcoins very soon.

I still don't have any idea about bitcoin exchange to sell bitcoins from india.

But i have my friend in dubai.So,i have decided to sell him my bitcoins and ask him to send money to my bank account if government takes such actions.

[piloder]

I am from India. How can I sale Bitcoin in a foreign country exchange website and transfer that money to India Bank Account?

India might not ban bitcoin but I have also heard that they are purposing new regulation terms for bitcoin trading, its not banning actually.

If you can't trade bitcoin in your country than just use payment gateway that will accept bitcoin deposits and have wire transfer option. Like skrill they accept bitcoin and also process bank withdrawals for comparatively low fee.

[Herbert2020]

I am from India. How can I sale Bitcoin in a foreign country exchange website and transfer that money to India Bank Account?

India might not ban bitcoin but I have also heard that they are purposing new regulation terms for bitcoin trading, its not banning actually.

his question has nothing to do with bans! i don't know where you got that idea from.

he is trying to do an arbitrage trade between Indian exchanges accepting local currency and foreign exchanges accepting other currencies such as USD. simply because Indian price is so much higher. and he can not do it simply because if there were any way of doing that, the price would have already come down when others used those methods to arbitrage.

[cah ndablek]

I am from India. How can I sale Bitcoin in a foreign country exchange website and transfer that money to India Bank Account?

If you have close friends in other countries better all the coins you collect in order keep it to him to anticipate a major problem that suddenly arises. In India today there are rumors that are less wearing for the hunter.

[sandipcd]

India might not ban bitcoin but I have also heard that they are purposing new regulation terms for bitcoin trading, its not banning actually.

his question has nothing to do with bans! i don't know where you got that idea from.

he is trying to do an arbitrage trade between Indian exchanges accepting local currency and foreign exchanges accepting other currencies such as USD. simply because Indian price is so much higher. and he can not do it simply because if there were any way of doing that, the price would have already come down when others used those methods to arbitrage.

No, sorry. I have not mentioned why I want this. But actually, we should not trust any one Government. India may ban bitcoin or may not. Here is the news - http://m.businesstoday.in/lite/story/cryptocurrency-dealers-closed-indian-rupee-bitcoin-usd-7000-exchange-rate/1/263187.html
Three years ago India banned Bitcoin after that again they allow Bitcoin. However, we should look for other option for our safety and precaution.