The exchange rate on the Indian exchanges is 130-140$ higher compared to the American exchanges.
Currently the difference between
Bitfinex and
Btc Trade India is more than 140$ per bitcoin, and I intend to take some advantage of that.
If my math is right, on a trade of 16btc I will make more than 2K. God bless India.
But how you gonna deposit to all those american exchange platforms? I think government of India have strong regulation against foreign currency and money laundering.
Either you need to be based outside india and send bitcoin to India or you need some friend who can deposit on behalf of you and you pay their family in cash in India.