Indian BTC VS International BTC (PRICING)

[getshitdone]

Hi guys,

I'm trying to buy BTC on an Indian Exchange and then transfer it to an international exchange to sell & remit money, but the prices on the Indian Exchange are 20% higher then the international exchange!

Is there any advice you have for me to buy BTC in an Indian Exchange at a lower rate (10%-20% lower) and then sell on an international exchange?


The goal is to remit Indian $ through BTC here.

[dongamk]

cex.io can be an alternative but their rates are also premium. Well, you can do one thing: buy altcoins which available on indian exchange at global rate and convert them on exchange like bittrex, binance, poloniex etc. This is the cheapest method for indian to buy btc/eth at rate better rate provided by indian exchanges.

Other ways/suggestions for buying btc/eth near global price are most welcome 

[hasmukh_rawal]

The Indian price for BTC is more than that of the International price. While the USD price is $17000, the Indian price for BTC is equivalent to $20500 in INR . So there is no point of "Buying" from an Indian exchange and selling it on International exchange. You could do the opposite to get a good profit. You could use Localbitcoins to buy/sell at Indian price. Indian exchanges like Zebpay and Unocoin are can be used to withdraw the acquired BTC into INR but these exchanges require ID verification such as PAN, Aadhar and Bank details to make transactions on the exchange.