It's official.
https://www.youtube.com/watch?v=NlB_jcdC4Po&feature=youtu.be

The OP is talking about arbitrage. Occasionally, after a pro-longed rally, the market anticipates a correction, but bitcoin still pushes higher and at these specific times people are scared to BUY the top anticipating a drop in price. The last time it happened was last month during the BTG (bitcoin gold) fork and price of bitcoin in India was trading at roughly (-)$500 premium. I look for these opportunities to convert fiat to USD (INR->BTC BTC->USD) and bring back the cash later when the premium goes up and I anticipate a correction

CoinSecure is either not-reachable at the right time when there's volatility or if it's up it glitches.. have been waiting for over an hour now to edit the "pending sell order", but it just doesn't show up. I tried logging into the Phone app but no help. I also tried other browsers, OS enviornment.. its definitely a coding glitch

No one answers the customer support numbers either.. what's your deal w/ such consistent regression Benson Samuel?

http://icecream.me/8584acb25e2027e528e303b8f613f252

EDIT:
Proof of glitch http://icecream.me/f78ff198fb659c8fdc973d892673ff69

9/10 sellers in India sell cheaper than Zebpay

In my experience if you really want great deals, you need to establish contact w/ some of the super-users at LBC

That's ridiculously high.. I too have noticed them over-charge fee. The standard fee (as of today) is around 200sat/B

Are withdrawals affected as well? I am unsure if I should withdraw fiat or buy bitcoin and move it to Zebpay and withdraw from there. I don't think I entirely believe their 'backlog' story.. hope their management didn't screw anything up.
Unfortunately, CoinSecure's service is getting unreliable  by the day. The outages are ridiculous, whenever there's action 19/20 times the site goes down, locking us out of fiat and bitcoin. I think I'm done w/ them.

I highly doubt if any of the top exchanges would con you for the split coins. Majority of the people who have their holdings at exchanges are traders and they need those there. For everyone else, who's NOT tech-savvy and not acquainted to understand the security of their personal computers/hand held devices, its better that they hold their coins at an reputable exchange than keep it on their device. The probability of your device getting compromised is much higher than an exchange. Plus exchanges today hardly keep many coins online. For peace of mind, you may diversify any risk by splitting your holdings into multiple top exchanges.
Its needless to say, people w/ larger holdings already keep their coins in hardware wallets or in cold storage.

Don't worry, you would receive your funds. Probably the delay is due to banks being closed for the weekend. Wait until Monday.

You're NOT violating FEMA or any other law by encashing BTCs at Indian Exchanges yet. The same applies for mining bitcoins in India. As of now ordinary income tax applies for both cases.

Premium is only for outright buy. Traders are supposed to upload USD and put in a 'Buy Order' for market/best price. Check their 'trade' section.

EDIT- There will be considerable forex charges when using IN credit card, do not expect Google forex rate.

Yes.

Its called arbitrage trading. In this regard, it may not be as easy to make money as it sounds. Bitcoin maybe a grey area in India, but I am pretty sure there are strict regulations when it comes to selling INR. Check for applicable FEMA regulations if you intend to do this. My guess is, smaller amounts might pass under the radar but anything substantial would definitely invite trouble.

Technically it is possible at http://cex.io using your credit card/bank transfer. However, I would avoid it, and rather buy from one of the available IN exchanges.

At the moment I am only buying, so please do let me know the next time you sell
GL

As per LBC you have set a limit of upto 30k INR-- is that all you have and your best price? I'm online for the next 1 hour. Let me know, I can bank IMPS right away.

My PayPal account is over 10 years old with over 30,000 transactions. My eBay/Amazon account is over 10 years as well. Almost 100% seller/buyer feedback. Just FYI.

I am okay with Escrow and/or also doing small transactions to start with, or anything else that you might propose. I understand it might be difficult for the seller to trust a new member, but I am all ears and will do best to work it out for both parties.

Anyone else interested, please feel free to contact me.

Thank You!

Hi! I am very interested in taking it all. Please PM me. Thanks!