Buying and selling Bitcoin in different currencies
Dec 15, 2017
9 Comments
I noticed that the price difference in Bitcoin on gdax vs some of indian exchange is more than 20%. What's stopping us to buy in USD, transfer to an Indian exchange and cashing out.
repeat infinity.
I am sure no one here would be well equipped to answer FEMA and money laundering guidelines but hey india doesn't yet have a policy on how to tax Bitcoin
comments
If I understand correctly, there is an 18.2% fee on buying/selling bitcoin. Discounting that, the prices are much closer (buying on coinbase and selling on zebpay will actually result in a loss of ~$600/coin).
If it sounds too good to be true, it usually is.