Just few months back when bitcoins started making news touching the price of gold, the Indians woke up and started the bitcoin momentum in India, though the respective Indian startups have been around since Like every one, I too wished, should have bought it much earlier to reap benefits today butdiscovered some exciting arbitrage opportunists in this space during my learning curve. Bitcoin in India from bitcoin arbitrage opportunities india of the Indian exchanges and even in local bitcoins often costs a premium.
This should allow us a good profit margin to buy in International exchange and sell in India. Check out the below comparison between buy at Intl market Bitfinex and sell at Indian market here Coinsecure. But this is not without hurdles. Till the time of writing, Bitcoin arbitrage opportunities india could not do this yet.
The problem bitcoin arbitrage opportunities india on both sides. In Intl exchanges, its the verification delay, and some exchanges like bitfinex freezing wire deposits. It took about a month almost to properly get verified and ready for wire transfer. These are all OK. You see, the main problem is in the Indian side. Due to money laundering fears, the outward remittances are too much restricted in India for wire transfer.
Approach any 3rd party services or banks, they always ask you the purpose and it is expected to be some of the following: Here is the link. But we do not know yet if bitcoin could fit there. And not many government netas the term we used to call because they feel themselves very superior to common citizenare aware or too afraid of the same.
Drop the term bitcoin as purpose, and they would stare at you like a criminal. This is a bane in India. With enough money and connections, the millionaires would go unabated, netas would "adjust" all means to achieve their target. But be bitcoin arbitrage opportunities india common bitcoin arbitrage opportunities india, approach legal means, and you would face enormous hurdles and suspicion.
This is a country where Vijay Mallya who has crores bitcoin arbitrage opportunities india unpaid to banks can escape but poor farmer with 1 lakh will have to suicide due to harassment. It is because of this hurdles, common man in India are unable to leverage these arbitrage opportunities, but am sure, the Indian millionaires would be already using bitcoin arbitrage opportunities india.
And then comes bitcoin transfer fees. And yes, it is funny, while you could outward remit via card though with large feeyou are restricted via wire transfer. Kindly share your views on such opportunities, how you managed to over come them, and about such opportunities world wide. I know we have arbitrage opportunities between Intl exchanges, but their margins are too less, which could be eaten up by the fees in transactions itself. I wrote an article that explains a simple way to arbitrage across cryptocurrency exchanges, and the math involved.
Important to know what you are getting into so that you will not be trading at a loss. Arbitrage opportunities in India are an amazing way to make quick money, if you know how to track them and monitor them in real-time. I used to do this manually, but now found a bitcoin arbitrage opportunities india arbitrage tracker for all the exchanges in India and Binance, Bitfinex which makes it easier to monitor arbitrage - https: Exciting arbitrage opportunities for cryptocurrencies in India now. Authors get paid when people like you upvote their post.
ThereŠ²s also a clue to follow if you log in, which leads to another asset Easter egg. Status: fetching. Supported Exchanges: OkCoin, Bitfinex, BTCeWex, Bitstamp, goc.