Quote from: raven7886 on May 21, 2017, 07:22:25 AM

Quote from: Pearls Before Swine on May 20, 2017, 08:46:44 PM

Quote from: BlindMayorBitcorn on May 20, 2017, 06:22:07 AM

Get stuck unverified with RupeesTether on an Indian exchange? Good luck.

Yeah, no kiddin'. I never heard of this exchange, but I'm not in India so it doesn't surprise me. And though the arbitrage opportunity sounds great, there's no way in hell I'd risk getting my funds stuck over in Asia just to make a few bucks. Especially some unknown one like this. But good luck to whoever does it, you're going to need it.

Yes people to share about different difficulties for arbitrage trading but I'm not talking about this particular India based opportunity, overall dealing with fiats might lead to long waiting/clearing verification process. But I do see Indian exchanges are providing such opportunity more frequently now a days.

Innovating any practical idea to make use of these price gaps definitely will be resulting in more beneficial to this community. I'm not expert in dealing with exchanges sommothly. Maybe some experience/professional traders may come with any working ideas.

Using these Indian exchanges is pretty much impossible for foreigners since they work with the government and all accounts are manually ID verified with thing thing called 'Aadhar' which is like social security numbers. If someone can work on a way of acquiring BTC at the actual selling price, I can work with them and make a profit. PM me if anyone is interested...