Post
Topic
Board Speculation
Re: Why Bitcoin is Traded at $7500 in India as compared to real Price of $7500
by
VitKoyn
on 01/11/2017, 11:40:14 UTC
According to a bitcoin News Website (finasko.com) bitcoin is traded at $7500 in India as compared to international prices of $6500. What is the reason
I have read about it before and the reason why sometimes both buy and sell rates in India is 5-10% higher than original price of Bitcoin is due to high demand inside their country when the price drops and Bitcoins seller like Zebpay don't want to sell it cheap. But sometimes both buy and sell rates in India is lower than the international rates but this also happens in international markets sometimes and all exchanges have different rates on Bitcoin price.
Zebpay only buy and sell inside India this is their explanation about this: https://blog.zebpay.com/why-are-indian-bitcoin-prices-higher-than-international-prices-45cf708b6b1d