Trading bitcoin on indian exchange is a joke

[13abyknight]

Welcome to the Indian Bitcoin scene where most exchanges are focused on making profit and don't care about customers and their experience. Zebpay is literally the biggest joke here as they set their own buy/sell prices irrespective of the price of Bitcoin and the users here are deluded enough to buy from them. With not many options to choose from and lbtc also being a hub for scammers, it is very difficult to trade Bitcoin effectively for profit in India.

[AjithBtc]

This is not a joke, similar incident took place when the demonetization took place in India last year. I believe this is due to the increased market demands. During last year when the price of bitcoin was around $750, in India it was trading for a price above $950. This has been used as an opportunity for arbitrage trading by the global traders.

[traderethereum]

Bitcoin price has fallen down drastically today. Right now 1BTC = $6750. But on indian exchange zebpay it 5 lk($7700).
Observing it since last 3 hrs but price of bitcoin havent moved lower than 490000($7550).

if the price is still like that or its increase but its less than the other exchanges, i think people will do arbitrage trading and they will buy from that place and send into other exchanges to make a big profit. i am sure that if the gap of the price is big, there will be many people want to do arbitrage but before doing this, make sure that we thinking about the delay of the transaction and sometimes we could not make any profit because of the delay.