How to trade at BTC-E and BTCCHINA without wire bank transfer

[itogo]

Dear friends

Let me explain how do Russians do it (they have no possibility to wire transfer to any exchange due to law restriction)

Person A has BTC, want to sell for national currency.
Person B has national currency, want to buy BTC.

the seller can directly sell BTC to the buyer, but it isn't good way, because market price can suddenly chanage in time of your deal, then someone could cancel.

Russians do it as follows:

Person A sells his BTC at BTC-E or BTCCHINA and do withdrawal  funds BY VOUCHERS/CODES.

Person B buys this voucher/code from the Person A and redeems it at the BTC-E or BTCCHINA and can buy the BTC.

Person B pays to the person A using cash, domestic bank transfer, or domestic instant payment system (I don't know if in India there is such systems. For example, in Russia there is system called QIWI)

Both of them find each other in this forum, in special subforum, like your "market place"
https://bitcointalk.org/index.php?board=23.0

They can agree the fee, they are absolutely free to agree everything what they want to.

It doesn'n matter in which domestic currency you do your deal, there is exchange rate between your currency/CNY (in case of BTCCHINA) or  between your currency/USD (in case of BTC-E). There is no reason to cancel the deal even though the BTC price suddenly changes, because you have nothing to do with BTC price

BTCCHINA has escrow service for these deals https://vip.btcchina.com/page/newguidebtcc
BTC-E doesn't have.

This is the way.

[dashingriddler]

Well, people goto international exchanges if they cannot buy/sell the btc in local market at the desired price that is offered at the exchange. This idea of coupons is not new though. When bitmit.net was around, i have seen people listing their coupons which is available for the rest of the world. If people do not know about this coupon idea, yes your guide is a good one

[itogo]

Sorry, I don't know if there is a good exchange in India, and if your people have a possibility to transfer funds via wire bank transfer to any exchange abroad.

If yes, then your people really don't need to deal with coupons ))

[xchange4u]

We can provide you Bitcoin or BTC-e to CNY to any Chinese account, you can pay CNY to your supplier by our service or explain what type service you need?

Waiting for your reply

Thanks and best wishes

Ms.Jenny
Customer Care Executive
www.e-xchange4u.com
Email : support1@e-xchange4u.com

[erikalui]

You can try xmlgold.eu if you want a exchange BTC for fiat cash as it's a safe and trusted website. Else you can choose to exchange on this forum as well or localbitcoins where people choose to exchange in person.