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.