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Why is there a difference in Indian price and international price?
At times, the Indian prices, both buy and sell prices, are 5-10 % higher than international market. This happens when there is high demand for bitcoins in India and sellers are not ready to sell cheap. Similarly, there are days when Indian prices, again both buy and sell prices, are lower than the international market.
It is important to note that, even in the international market at times, there is 5% gap between China and USA price and there are price gaps even within USA exchanges.
-snip-
Why is there a difference in Indian price and international price?
At times, the Indian prices, both buy and sell prices, are 5-10 % higher than international market. This happens when there is high demand for bitcoins in India and sellers are not ready to sell cheap. Similarly, there are days when Indian prices, again both buy and sell prices, are lower than the international market.
It is important to note that, even in the international market at times, there is 5% gap between China and USA price and there are price gaps even within USA exchanges.
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This is what I want to make everyone understand whenever I try to explain anyone about bitcoins.
Still, global arbitrage opportunities are not available to us as most of the International exchanges are not allowing Indian users to buy bitcoins at their websites, and the ones who are allowing are charging even higher rates than what we are getting them here for. Wire transfers are also costly, so thinking about arbitrage opportunities currently would only make us lose more than gain.
