Bitcoin Forum

Is bitcoin arbitrage possible in current Indian market. Is anyone doing it? Also I want to know if it's legal  to do .

Yes! Arbitrage is possible in Indian market. There are always the price differences between different Indian Exchanges. Use this tool for more info: https://coinfeed.in/crypto-premiums-arbitrage-in-india

This tool will show you the INR price gaps between different exchanges for different cryptocurrencies. If you are swift enough, you can make some profits.

And yes, since there is no law governing bitcoin in India, it is completely legal to arbitrage bitcoin. Infact, you can buy/sell bitcoin any number of time, rotate your money as many time as you like and everything is fine if you are paying taxes on your profits.

I was searching for a tool like this and thankfully @webtricks has suggested one today .

Thanks for the reply .  I know it is possible theoratically but would love to hear from someone who is practically doing it .

It is very risky imho because to take advantage of the price difference you'd have to buy and sell almost a whole coin to gain anything considerable and by the time you make your way from A to B the market value itself might change and your profit/loss would then depend on whether the coin went up or down during the period.

Which in end means it is same as investing in coin value and expecting it to go up or stay the same in short duration of time to earn profit or not incur loss. I thought of doing this too but gambling 13 lakh to TRY and earn 5-8 k with something as volatile as Bitcoin seemed absurd to me.

Also keep in mind that price value to sell in any of the market is lower than the buy price which means the difference in value would be even less and thus the margin of profit is too low to invest something so substantial.

I don't think this is the only way to make a profit in bitcoin arbitrage. You're right, the time it takes to move from the A to the B market will ruin any chance to make a profit. That is why it is important to have funds available in both markets, and when the opportunity emerges, to buy in one market and sell in another market almost at the same time. This is of course, very difficult, since massive investment are required for any significant profit. But it is possible.

Before doing all this,you must do a proper research by visiting on exchanges too.
You will may notice that there's a price difference between buying and selling orders.

Yes arbitrage is possible but you should have a large amount of money then it will be benificial for you, as there are many exchanges so tge price difference is common to see on these exchanges to take profit of this people do arbitrage trading, you can also do but i will recommend DYOR before jumping in it :)

Arbitrage is possible, mainly because you can find the price difference. I have been doing this for a few years, and I have made some profits and losses, but the profits are much more than the losses

Yes, it is possible but it is very risky if you are able to take that risk then you are welcome but in my view it is better to hold Bitcoin and keep accumulating at a different point level. This strategy will help you to earn more profit in the long term.