Quote from: baristor on April 21, 2024, 05:47:53 PM

that really sucks already all sellers charging 12% premium above market price

At this rate buyin crypto in india sucks.

Rather buy from foreigners for preev rates. and sell in India n become rich

Indian traders doing this for a while since the introduction of 30% crypto tax but ever since FIU hammered international exchanges to shut down their operations until they comply all the regulations framed the traders can risk their trading capital to make small money or just choose the Indian exchanges with exorbitant tax rates.

Arbitrage requires huge capital and someone trusted from another country then as you said it's possible to make tons of money from buying on international exchange then move to Indian exchange, sell it for INR then wire INR to the trusted person to buy BTC and repeat the process infinitely.