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Manlost111
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April 29, 2018, 03:49:10 PM
 #1

Hello, I am a bitcoin trader from India.
I want to discuss the bitcoin trading methods to improve and enhance my business.
Currently I purchase bitcoins in Indian from localbitcoins through bank transfer and sell it on localbitcoins for cash deposit in my bank. There is a big difference in the rates of both bank transfer and cash deposit methods.
I welcome suggestions on how to enhance it and make a big business.
From what other methods I can buy bitcoins cheap?
what other methods I can offer to sell bitcoins.
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smileflowers
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April 29, 2018, 04:01:01 PM
 #2

buy USDT at a cheap price . buy bitcoins in USDT , on big exchanges . such as bitfinex binance poloniex . i buy USDT on this exchange , its price is one dollar . dragonex.im
BrewMaster
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April 29, 2018, 04:27:21 PM
 #3

you are already making a good amount of money by doing what you are doing since there is always a big spread between buys and sells on localbitcoins specially in places like India where options for buying are becoming limited.
to make more profit you need to find a way to get your hands on bitcoin from outside of your country. so figure out a way to deposit fiat in foreign exchanges! this can be by having someone abroad or transferring money using paypal, perfect money,... to buy bitcoin then sell it at higher price inside India.

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April 29, 2018, 04:36:49 PM
 #4

I find localbitcoin and paxful expensive to buy bitcoin. Perhaps different in India. It is possible to add fiat on Yobit site but I do not know if you can do that in India.
Mungurul
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April 29, 2018, 05:19:58 PM
 #5

Localbitcoin is a good way for you but you can also buy and sell bitcoin to your facebook or social media familiar friends with cash transaction either in bank or mobile banking that we do regularly.
Caesar-Giulius
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April 29, 2018, 05:42:53 PM
 #6

Have you tried to see whether the exchange rates are better in the marketplace section of this forum? Perhaps, you can deal with regular buyer and seller from India.


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Dmitry.Vastov
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May 02, 2018, 09:29:51 AM
 #7

Hello, I am a bitcoin trader from India.
I want to discuss the bitcoin trading methods to improve and enhance my business.
Currently I purchase bitcoins in Indian from localbitcoins through bank transfer and sell it on localbitcoins for cash deposit in my bank. There is a big difference in the rates of both bank transfer and cash deposit methods.
I welcome suggestions on how to enhance it and make a big business.
From what other methods I can buy bitcoins cheap?
what other methods I can offer to sell bitcoins.
Bitcoin trading is quite a complicated process, because these are the virtual currency which you can’t see only you can feel its presence in your account and transacting bitcoins through Indian exchange is quite a risk taking process because fore more st thing is that bitcoin is still decentralised crypto currency and moreover RBI has even declared
that all Indians have to withdraw their money from all Indian sites within 3 months and that’s why Indian exchanges are not trust worthy.

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fiulpro
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May 02, 2018, 09:56:08 AM
 #8

You can find country specific applications of exchanges from where you can efficiently buy amd trade in bitcoins.
Well in recent news, it is beng said that the governent have restricted banks to take part in the buying and selling process of bitcoins in India.

The banks wont be allowed to collaborate with different exchanges to change bitcoins into their local currency and vice versa. This might be a temporary thing, but many people have sold their holding in cheaper prices by this panic news.

You can always shift to a global and worldwide accepted exchange service and get your money from another country if you have a friend or relative there.
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