Hack of the week : buy cryptos 23.25 % cheaper than the international rates
Want to get your hands on the cryptos at a cost way cheaper than the international rates.
This Hack Will work only on Indian exchanges...
Due To the RBI's notice that all relationships between the banks and the cryptocurrency exchanges shall be terminated within a span of 3 months. Majority of the Indian Crypto investors are panic selling their holdings. Which is leading to the deprivation of rates of cryptocurrencies in the Indian internal market.
Now the catch here is that due to the above situation there is a huge difference between internal and international rates which can be exploited to buy cryptos at a rate way cheaper than the international rates.
Let's Take an example:
Zebpay representing an Indian exchange has sell price of ripple (29.15 rupee)
Current USD to INR is 68 inr per usd
So Indian internal market rate of ripple is 0.43 USD (as of 21/06/2018 23:54 hours)
Where as Binnance representing an international exchange has ripple listed @ 0.53 USD (as of 21/06/2018 23:54 hours)
Which Is a 23.25 % variation in price.
One Can use this variation Between the internal and international rates to buy any cryptocurrency.
This Would mean the price fall in all the cryptos + 23.25 % lower rates than international market price.
This Is a time of celebration for the crypto investors.
Yes , you are correct , buy as much as you can because prices are to damn cheap on indian exchange zebpay
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