Ninjastic
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Re: Is it possible to do Arbitrage?
by
G K G
on 28/12/2013, 23:11:12 UTC
Quote from: Transhuman32 on December 21, 2013, 05:45:08 PM
Quote from: Benson Samuel on December 17, 2013, 06:19:58 PM
Quote from: Transhuman32 on December 17, 2013, 07:29:01 AM
Hello everyone ,I would like to know that is it possible to do arbitrage with Indian exchanges.And is there anyone who is profiting from bitcoin arbitrage?

Kinda spent some time thinking about this and i do think that it is possible.

Both exchanges in India are well reputed and have transacted in high volume.

But would need moving crypto to btc-e and back and first playing arb on the international exchanges.


Have you tried to arbitrage at the International sites...Which one's are worth it and possible to withraw money.(As I have have heard it's quite impossible to withraw from gox currently)
Haven't tried it yet. but i think there is a limit for transfering money to ur account from a foreign account. maybe somewhere between 50k-100k INR (actually that is why RBI is actually pissed with BTC  Wink )
And also MTgox charges 2500yen(~25$) for each international wire transfers and also it takes a long time to recieve the funds (roughly 2weeks  Shocked )