Quote from: polynesia on November 20, 2014, 01:01:47 AM

Quote from: bitconftw on November 19, 2014, 05:57:32 PM

hi

I saw this forum and later the india sub-forum and saw that people are trying to buy/sell bitcoins outside of exchanges.
like people asking for currency recharge, flipkart voucher, buying one-to-one with people, buying selling in local bit coins website, etc. I don't understand why people dont use exchanges for this.
is it not better in the eyes of govt if it is done via exchange?

if wanna start bit coin trading, which is better?exchange or directly to person?
I think the advantage of using exchange is govt will know transactions and it is legal (correct?)?
but disadvantage might be because bit coin is not regulated and it is better to simply deal small amounts out of exchange and such central spots of attention. if we pay tax after buying/selling bit coin outside exchange, it is still legal,correct?

is using local bitcoins website a right way of doing this??

Look at the liquidity and number of transactions done on exchanges in India and you will get your answer.

i don't know where to check. please tell me where.
please also tell me what your finding is from this