India: InstaCrypto Exchange
Amongst the smaller exchanges in India, we have InstaCrypto in India which offers a gateway to purchase, sell and make BTC remittances.
It seems straight forward to me in terms of purchase and sale. However, one issue I see up front are the prices. At press time 1 BTC is priced 8.2L on this exchange which is $11970 while the market price for purchase was around $10600.
Seems like a major mark up on buy/sell price. Not a platform I would personally use when there are better, competing platforms.
I also noticed large spreads between buy/sell. These exchanges seem like a rip off with their ridiculous prices. It's not really worth trading here.
This exchange also requires you to do KYC, unlike Instashift.io which is completely P2P. But KYC is quite alright.
I'm not sure you should try or avoid this but it's best to be informed of our options here in India consider only a handful of exchanges are operational today.
Hopefully, the market will not be stifled more than it has been already!
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