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Localbitcoins should allow you to buy BTC other than with a bank account. https://localbitcoins.com/country/IN https://localbitcoins.com/country/IN

• danieltillett 10y ago
  This is not really a low friction or cheap solution.
  • sayelt 10y ago
    Why not?
    • danieltillett 10y ago
      I answered it in the response to the OP. A wire transfer would be cheaper and have lower friction.
      • sayelt 10y ago
        That's bullshit. Banks are the ones with the highest friction and fees.
        • danieltillett 10y ago
          The bitcoin spread is over 25% right now in India. That combined with the paperwork requirement needed for a business to buy bitcoins does not make for a low friction experience.
          • sayelt 10y ago
            What paperwork do you need as a business to buy bitcoin?
            • danieltillett 10y ago
              Thanks to the RBI you need to go through the full KYC process - basically the same as setting up a business bank account. This in not low friction.
              • sayelt 10y ago
                With banks you always go through KYC/AML, this is nothing to do with bitcoin, and everything to do with banks.
                • danieltillett 10y ago
                  Well everything to do with the RBI regulations on bitcoin in India. The end outcome is that bitcoin is not a viable option to solve the India payment problem.
                  • sayelt 10y ago
                    If your legal system is fucked, that's not bitcoin's fault.