True. Everyone in India is selling at a premium. Too much greed?
If it was only user-to-user exchange rate (coinsecure) which was at premium rates, i would call it greed.
But the direct buy (unocoin) prices are also at same level. This much difference cannot be attributed only to currrency conversion charges, right?
Coinsecure price always been way much lower then compared of unocoin and zebpay. Can anyone suggest me any foreign exchange from where I can buy
BTC You can buy if you have Moneypolo Verified account . Add funds via Credit / Debit card and then withdraw as BTC-E Code or withdraw to OKPAY then get bitcoin [ Total process can get you 6 - 8% fees ]
You can buy from bitlish.com(KYC to be submitted) through credit card.
Current price - 2345$
Fee-4%+0.25$=~95$
Now Convert it to INR=2440x65=158600
Plus Foreign conversion markup fee+tax on CC=4.1% =165103
Current price on coinsecure 189000
Profit-->189000-165103=23897(in one day)
I have not included exchange fee and bitcoin transfer fee
If you do this method often you will come under FEMA act of Indian Govt.
There is a limit of 10L or 50L per year for credit cards under FEMA act,not much sure about this..