Bitcoin Forum

Local => India => Topic started by: kafka on November 30, 2013, 11:41:20 AM



Title: Trading on International exchanges.
Post by: kafka on November 30, 2013, 11:41:20 AM
Is it possible to trade on international bitcoin exchanges like Mt.Gox/Bitstamp/BTCChina etc with an Indian bank account. Which exchanges support this and how much of a hassle is the initial verification / fund transfer procedure. I know of buysellbitco.in which makes it really easy to purchase bitcoin in India, but it is more of an over the counter bitcoin seller without much liquidity. Would be great if anyone who had any experience with such exchanges could share their experience here.


Title: Re: Trading on International exchanges.
Post by: Pinwheel on November 30, 2013, 01:11:15 PM
Is it possible to trade on international bitcoin exchanges like Mt.Gox/Bitstamp/BTCChina etc with an Indian bank account. Which exchanges support this and how much of a hassle is the initial verification / fund transfer procedure. I know of buysellbitco.in which makes it really easy to purchase bitcoin in India, but it is more of an over the counter bitcoin seller without much liquidity. Would be great if anyone who had any experience with such exchanges could share their experience here.

it is not possible with Indian bank account, but if you will open account abroad then it is possible. At current trend only arbitrage is make sense, amplitude on gox 2-4%, after paying commission you will be left with nothing. But arbitrage between bitstamp and btc-e can work.


Title: Re: Trading on International exchanges.
Post by: Transhuman32 on December 05, 2013, 06:16:11 PM
Yes,I too think it's not possible from an Indian bank account.IF you can send money to okpay and egopay then from there you can load it to BTC-E.I trade at BTC-E but I first bought bitcoins at virox(lots of charges) and buysellbitco.in and send it to BTC-E and trading there and converted some BTC to LTC and NMC.