High difference in Coinsecure - Zebpay & preev's exchange rate.

cryptoguy2

newbie

Activity: 28

Merit: 0

Quote from: rsarkar on November 25, 2016, 11:29:01 AM

Quote from: bitcoinisbest on November 25, 2016, 06:15:50 AM

Quote from: nizamcc on November 24, 2016, 12:48:24 PM

Quote from: Benson Samuel on November 24, 2016, 03:44:35 AM

Quote from: stingers on November 24, 2016, 03:26:28 AM

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

If people from India are very much interested in buying bitcoins at less prices, they should create their accounts in international exchanges instead of going for Indian exchanges, as because of demonetization, I don't think the price will be back to normal unless this gets resolved.

Could you explain how does the process work say I want to create the account on international site. At this moment can you let us knwo how much will 1 btc cost including all the exchange and international fees?

What I did find is that business entities can engage in cross border buying bitcoins from other business peers with a capacity of high volume transaction.Benson can guide u in a better way.

I think one has to do some legal formalities first like getting some licenses, opening a firm, opening current account etc. Have you ever been on LBC? Many users over there have current accounts

nizamcc

legendary

Activity: 1218

Merit: 1007

Quote from: rajasumi2 on November 28, 2016, 12:10:02 AM

zebpay is paying so much because of demonetization .thats why the demand of bitcoins is rising and rising till the economy of india is being stable .hope it will recover soon.fees are generally actually taxes thats u gotta pay it and there s no hiding in it .kudoos

Wait, who told you it's Zebpay that's paying people?
It's a trade engine where traders set the price, you have such features available in it so please check them there.
Zebpay sets the marginal price but Bitcoin sellers have actually hiked the prices at which you are buying the coins for, and vice versa for the sell side too, but yes it's all because of demonetization.

rajasumi2

full member

Activity: 196

Merit: 100

zebpay is paying so much because of demonetization .thats why the demand of bitcoins is rising and rising till the economy of india is being stable .hope it will recover soon.fees are generally actually taxes thats u gotta pay it and there s no hiding in it .kudoos

deadley

legendary

Activity: 2562

Merit: 1064

Quote from: coldice on November 25, 2016, 10:57:09 PM

Quote from: baristor on November 25, 2016, 12:13:36 PM

Quote from: coldice on November 22, 2016, 03:39:35 AM

In Indian bitcoin exchange like coinsecure & zebpay exchange rate is in ₹60k and at preev its ₹50k.

I am buying some subscriptions and costs me much more now.
They are calculation on preev rate and for every $10 I am paying $3 extra.

Isn't there any regulatory in these exchange to maintain coin rate?

Just dont buy from these greedy Indians...

If people buy they will keep playing this game.

No buy = auto reduce prices.

Remember Indian prices used to be like USA giving preev market price or 1-2k rupees extra per btc.

Now the greed has taken over and these guys united to overcharge us.
It's unacceptable!

Difference is 10k in 1 BTC

It was more then 17k now still more then 14k difference in Indian exchanges and international exchange.

coldice

hero member

Activity: 654

Merit: 500

Quote from: baristor on November 25, 2016, 12:13:36 PM

Quote from: coldice on November 22, 2016, 03:39:35 AM

In Indian bitcoin exchange like coinsecure & zebpay exchange rate is in ₹60k and at preev its ₹50k.

I am buying some subscriptions and costs me much more now.
They are calculation on preev rate and for every $10 I am paying $3 extra.

Isn't there any regulatory in these exchange to maintain coin rate?

Just dont buy from these greedy Indians...

If people buy they will keep playing this game.

No buy = auto reduce prices.

Remember Indian prices used to be like USA giving preev market price or 1-2k rupees extra per btc.

Now the greed has taken over and these guys united to overcharge us.
It's unacceptable!

Difference is 10k in 1 BTC

baristor

sr. member

Activity: 637

Merit: 262

Quote from: coldice on November 22, 2016, 03:39:35 AM

In Indian bitcoin exchange like coinsecure & zebpay exchange rate is in ₹60k and at preev its ₹50k.

I am buying some subscriptions and costs me much more now.
They are calculation on preev rate and for every $10 I am paying $3 extra.

Isn't there any regulatory in these exchange to maintain coin rate?

Just dont buy from these greedy Indians...

If people buy they will keep playing this game.

No buy = auto reduce prices.

Remember Indian prices used to be like USA giving preev market price or 1-2k rupees extra per btc.

Now the greed has taken over and these guys united to overcharge us.
It's unacceptable!

rsarkar

jr. member

Activity: 102

Merit: 5

Quote from: bitcoinisbest on November 25, 2016, 06:15:50 AM

Quote from: nizamcc on November 24, 2016, 12:48:24 PM

Quote from: Benson Samuel on November 24, 2016, 03:44:35 AM

Quote from: stingers on November 24, 2016, 03:26:28 AM

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

If people from India are very much interested in buying bitcoins at less prices, they should create their accounts in international exchanges instead of going for Indian exchanges, as because of demonetization, I don't think the price will be back to normal unless this gets resolved.

Could you explain how does the process work say I want to create the account on international site. At this moment can you let us knwo how much will 1 btc cost including all the exchange and international fees?

Few things I learnt while opening an account for the sole purpose of buying bitcoins internationally
- Wire funds takes 3-5 days and sometimes a week to reach the recepient account.There is a risk of getting it lost.
- The best money transfer service in the country like Western Union or Moneygram is inward remittance service and not outward.
- The largest private bank in India let's u send up to $25000 dollar in a month only for the following purposes only:
Education abroad
Emigration fees
Employment abroad
Maintenance of close relative
Medical treatment
Police verification
Private visit abroad
Personal Gift
Donation
Remittance to own account abroad for placing of deposit

- PayPal doesn't allow transaction based on cryptocurrency.If u transact highly they might get your account limited.
- Other foreign exchanges does allow buying using debit card but often have lesser limits.

What I did find is that business entities can engage in cross border buying bitcoins from other business peers with a capacity of high volume transaction.Benson can guide u in a better way.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: nizamcc on November 24, 2016, 12:48:24 PM

Quote from: Benson Samuel on November 24, 2016, 03:44:35 AM

Quote from: stingers on November 24, 2016, 03:26:28 AM

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

If people from India are very much interested in buying bitcoins at less prices, they should create their accounts in international exchanges instead of going for Indian exchanges, as because of demonetization, I don't think the price will be back to normal unless this gets resolved.

Could you explain how does the process work say I want to create the account on international site. At this moment can you let us knwo how much will 1 btc cost including all the exchange and international fees?

nizamcc

legendary

Activity: 1218

Merit: 1007

Quote from: Benson Samuel on November 24, 2016, 03:44:35 AM

Quote from: stingers on November 24, 2016, 03:26:28 AM

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

If people from India are very much interested in buying bitcoins at less prices, they should create their accounts in international exchanges instead of going for Indian exchanges, as because of demonetization, I don't think the price will be back to normal unless this gets resolved.

anonbit992

sr. member

Activity: 378

Merit: 251

A Trader & An Investor

Quote from: Benson Samuel on November 24, 2016, 03:44:35 AM

Quote from: stingers on November 24, 2016, 03:26:28 AM

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

Exactly, bitcoin traders are cashing out on demonetization and is pumping up the price. They are trying to push the price. If anyone wants to buy bitcoin and is from India, I think it is better to use your credit card or international chip card and buy from sites like https://bittylicious.com/ or other sites

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: stingers on November 24, 2016, 03:26:28 AM

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

I am sure that it is cos of demonetisation.
People are looking for better censor proof and ban proof solutions and Bitcoin leads the pack. - Mentioned this on CNBC yesterday.

stingers

legendary

Activity: 1184

Merit: 1013

Quote from: Benson Samuel on November 22, 2016, 03:41:20 AM

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

But by the way what is the exact reason for such a difference between the price of bitcoin in the international exchanges as compared to the indian ones?
The difference is getting large everyday. Does it have something to do with demonetisation?

WINBC

member

Activity: 63

Merit: 10

I would advise checking rates in all the exchanges before purchasing. I prefer coinsecure, if you scroll down to the bottom you will find the best price in popular exchanges in India. The demand for BTC is high and not much liquidity in India which explains the high price, almost 10% compared to that of the rate across the world.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Its not in our control with Coinsecure.
Users can set and maintain any rate that they want to.

coldice

hero member

Activity: 654

Merit: 500

In Indian bitcoin exchange like coinsecure & zebpay exchange rate is in ₹60k and at preev its ₹50k.

I am buying some subscriptions and costs me much more now.
They are calculation on preev rate and for every $10 I am paying $3 extra.

Isn't there any regulatory in these exchange to maintain coin rate?

Topic: High difference in Coinsecure - Zebpay & preev's exchange rate. (Read 2650 times)