Post
Topic
Board Service Discussion
Re: Arbitrage possibilities with the indian exchanges
by
stoner
on 30/11/2016, 20:15:46 UTC
The exchange rate on the Indian exchanges is 130-140$ higher compared to the American exchanges.

Currently the difference between Bitfinex and Btc Trade India is more than 140$ per bitcoin, and I intend to take some advantage of that.

If my math is right, on a trade of 16btc I will make more than 2K. God bless India.
It's a good opportunity, but on which exchanger will you be selling? btcindia.org looks like a scam min .5 btc to make a trade. i think you'll be asked for government id proofs and you also must have a bank account in any Indian bank on a real exchanger like zebpay, btcxindia.


They didn't ask for a government ID, i've just traded 10.29 btc there:



https://blockchain.info/tx/2a9b2731e7f4a64a8942d74400ff700ca253162725dcddd74596147a17c98b59

I received the payout in 4-5 minutes so it is pretty fast.