Can I buy Bitcoin in GDAX and sell it in any exchange in India? What are the legal issues (if there are any)? How to overcome them?


As of now:

GDAX: BTC: $7088

Koinex: BTC: 510000 INR

USD - INR: $1 = 65 INR

For 1 BTC: 7088 * 65 = INR 461500

That is a difference of almost 50000 INR ($760)

Almost 10% of sale price in Koinex.

This is outside the minor arbitrage range. Even if Koinex puts a fee (0.2%), this is still a big difference.

Am I missing something here?