Too much price difference in Google search vs actual Indian exchange

[eXpl0sive]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

[1715228953]

1715228953

[adityaa]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

[Jayshree85]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can try to buy with localbitcoins exchange where you can get through direct local users who are selling for bitcoins for lot of other payment options

[Blackshadow007]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

[btcrocks]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

You can buy from bitlish.com(KYC to be submitted) through credit card.

Current price - 2345$

Fee-4%+0.25$=~95$

Now Convert it to INR=2440x65=158600

Plus Foreign conversion markup fee+tax on CC=4.1% =165103

Current price on coinsecure 189000

Profit-->189000-165103=23897(in one day)

I have not included exchange fee and bitcoin transfer fee

If you do this method often you will come under FEMA act of Indian Govt.

There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..

[bitcoinisbest]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

You can buy from bitlish.com(KYC to be submitted) through credit card.

Current price - 2345$

Fee-4%+0.25$=~95$

Now Convert it to INR=2440x65=158600

Plus Foreign conversion markup fee+tax on CC=4.1% =165103

Current price on coinsecure 189000

Profit-->189000-165103=23897(in one day)

I have not included exchange fee and bitcoin transfer fee

If you do this method often you will come under FEMA act of Indian Govt.

There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..

If there is limitation then only couple of transaction can be done else it would be a huge problem if you break FEMA rules. So then how are other doing it? Is it only couple of transaction people are doing in a year through this way or is there any other way where you do not fall under FEMA?

[btcrocks]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

You can buy from bitlish.com(KYC to be submitted) through credit card.

Current price - 2345$

Fee-4%+0.25$=~95$

Now Convert it to INR=2440x65=158600

Plus Foreign conversion markup fee+tax on CC=4.1% =165103

Current price on coinsecure 189000

Profit-->189000-165103=23897(in one day)

I have not included exchange fee and bitcoin transfer fee

If you do this method often you will come under FEMA act of Indian Govt.

There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..

If there is limitation then only couple of transaction can be done else it would be a huge problem if you break FEMA rules. So then how are other doing it? Is it only couple of transaction people are doing in a year through this way or is there any other way where you do not fall under FEMA?

There is no such option to buy BTC outside India, the only thing we can do is get BTC through friends or relatives living outside India and convert the BTC received to INR.So it won't fall under FEMA but will come under Income Tax laws.

[cryptoguy2]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

You can buy from bitlish.com(KYC to be submitted) through credit card.

Current price - 2345$

Fee-4%+0.25$=~95$

Now Convert it to INR=2440x65=158600

Plus Foreign conversion markup fee+tax on CC=4.1% =165103

Current price on coinsecure 189000

Profit-->189000-165103=23897(in one day)

I have not included exchange fee and bitcoin transfer fee

If you do this method often you will come under FEMA act of Indian Govt.

There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..

If there is limitation then only couple of transaction can be done else it would be a huge problem if you break FEMA rules. So then how are other doing it? Is it only couple of transaction people are doing in a year through this way or is there any other way where you do not fall under FEMA?

There is no such option to buy BTC outside India, the only thing we can do is get BTC through friends or relatives living outside India and convert the BTC received to INR.So it won't fall under FEMA but will come under Income Tax laws.

If we buy it from friends / relatives living in US/UK & sell it here in India, then won't it come under FEMA?

[btcrocks]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

You can buy from bitlish.com(KYC to be submitted) through credit card.

Current price - 2345$

Fee-4%+0.25$=~95$

Now Convert it to INR=2440x65=158600

Plus Foreign conversion markup fee+tax on CC=4.1% =165103

Current price on coinsecure 189000

Profit-->189000-165103=23897(in one day)

I have not included exchange fee and bitcoin transfer fee

If you do this method often you will come under FEMA act of Indian Govt.

There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..

If there is limitation then only couple of transaction can be done else it would be a huge problem if you break FEMA rules. So then how are other doing it? Is it only couple of transaction people are doing in a year through this way or is there any other way where you do not fall under FEMA?

There is no such option to buy BTC outside India, the only thing we can do is get BTC through friends or relatives living outside India and convert the BTC received to INR.So it won't fall under FEMA but will come under Income Tax laws.

If we buy it from friends / relatives living in US/UK & sell it here in India, then won't it come under FEMA?

No, FEMA is only when you do show up transactions using your debit/credit card using online purchase through foreign currency like USD/EUR etc., If you get through friends and show up tax for it then it is totally safe.

[Blackshadow007]

True. Everyone in India is selling at a premium. Too much greed?

If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.

But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?

Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy BTC

You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]

You can buy from bitlish.com(KYC to be submitted) through credit card.

Current price - 2345$

Fee-4%+0.25$=~95$

Now Convert it to INR=2440x65=158600

Plus Foreign conversion markup fee+tax on CC=4.1% =165103

Current price on coinsecure 189000

Profit-->189000-165103=23897(in one day)

I have not included exchange fee and bitcoin transfer fee

If you do this method often you will come under FEMA act of Indian Govt.

There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..

Very good suggestion will try this out , seems like BITLISH owner VIP of bitcointalk .

https://bitcointalk.org/index.php?topic=1272613.0

[karan1498]

dude this fema thing is for outward remittance right? the limits is for if you wire your funds in usd/eur right? this doesnt count in for debit/credit pos transactions.

[deadley]

dude this fema thing is for outward remittance right? the limits is for if you wire your funds in usd/eur right? this doesnt count in for debit/credit pos transactions.

lol, if you don't know anything then don't post unsubstantial post. FEMA applicable when you send fund from India to outside, doesn't matter how you send.

There is limit for individual for sending fund outside India.

[cracxme]

Currently FEMA limit is $250,000 per year per person in India

[btcrocks]

Currently FEMA limit is $250,000 per year per person in India

Nice, was waiting for someone to post the exact limit.Things should be clear for everyone in this thread now.

[karan1498]

yeah lol . i knew this limit , but i didnt knw if this applies for card foreign (online) use also . I still think its only for remittance but i am not sure as people in this thread say it applies in any way .

[cracxme]

yeah lol . i knew this limit , but i didnt knw if this applies for card foreign (online) use also . I still think its only for remittance but i am not sure as people in this thread say it applies in any way .

Limit is inclusive of all expenses doesn't matter you pay via wire transfer or shop online from your debit/credit card

[freundes]

That's the reason I prefer buying at international exchanges and selling at Indian exchanges due to the rate difference.

How do I, as an Indian, buy bitcoins from international exchange?

I think cex.io is a good exchanger if you want to buy international. I have been using it for awhile now. The rates are abit lower in comparison to Indian exchange websites

[eXpl0sive]

That's the reason I prefer buying at international exchanges and selling at Indian exchanges due to the rate difference.

How do I, as an Indian, buy bitcoins from international exchange?

I think cex.io is a good exchanger if you want to buy international. I have been using it for awhile now. The rates are abit lower in comparison to Indian exchange websites

Do you deposit fiat via credit card or wire transfer?

[onrise]

That's the reason I prefer buying at international exchanges and selling at Indian exchanges due to the rate difference.

How do I, as an Indian, buy bitcoins from international exchange?

I think cex.io is a good exchanger if you want to buy international. I have been using it for awhile now. The rates are abit lower in comparison to Indian exchange websites

Are you an Indian or NRI? If Indian how much btc you buy regularly and how do you do payment through? What are the fees involved in buying/selling and wire transfer charges and withdrawal? How many days it takes to send the money too?

[eXpl0sive]

That's the reason I prefer buying at international exchanges and selling at Indian exchanges due to the rate difference.

How do I, as an Indian, buy bitcoins from international exchange?

I think cex.io is a good exchanger if you want to buy international. I have been using it for awhile now. The rates are abit lower in comparison to Indian exchange websites

Are you an Indian or NRI? If Indian how much btc you buy regularly and how do you do payment through? What are the fees involved in buying/selling and wire transfer charges and withdrawal? How many days it takes to send the money too?

I was browsing their site yesterday and came across this:

cex.io/limits-commissions

They accept credit cards also, even from unverified customers. But they charge 3.5% fees on credit cards, apart from your CC company would also charge 3.5%. So you end up paying 7% fees for deposits.

Although I can see they also accept wire transfer which has low fees, but that might be difficult to execute from an Indian bank account.