Post
Topic
Board India
Re: High difference in Coinsecure - Zebpay & preev's exchange rate.
by
cryptoguy2
on 24/06/2017, 10:07:53 UTC
Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.
But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

If people from India are very much interested in buying bitcoins at less prices, they should create their accounts in international exchanges instead of going for Indian exchanges, as because of demonetization, I don't think the price will be back to normal unless this gets resolved.

Could you explain how does the process work say I want to create the account on international site. At this moment can you let us knwo how much will 1 btc cost including all the exchange and international fees?

What I did find is that business entities can engage in cross border buying bitcoins from other business peers with a capacity of high volume transaction.Benson can guide u in a better way.

I think one has to do some legal formalities first like getting some licenses, opening a firm, opening current account etc. Have you ever been on LBC? Many users over there have current accounts