That's the reason I prefer buying at international exchanges and selling at Indian exchanges due to the rate difference.
How do I, as an Indian, buy bitcoins from international exchange? I dont think its feasible and possible as easily if you want to buy from International market as there are various procedures that yu need to get cleared from banks etc. Also it takes days and not instant. If there are any experts or who know who can individual from Indian bank account trade international kindly throw some light?
There is only one easy way to do that and that is Moneypolo
, Great service and provides VISA Card to Indians and also you can upload funds via your VISA/MASTER Debit card to it and generate BTC-E Code from your balance . To do all this you have to go through a hell tough verification by Moneypolo .. I warn you before this if you taking this into consideration ... A serious tough verification process they have . I am now Level 2 Verified customer of Moneypolo and i am quite happy cause now i can easily buy from BTC-E instantly with 5% all total fees and sell to any Indian exchange and make handsome profit . Upload money to Moneypolo via card charges 4% and when you generate BTC-E code with your moneypolo balance another 1.25% so total 5.25% and 2.5 currency conversion rate ( currenty 71.25 INR per $ ) , Moneypolo legal and registered with FCA . Most amazing thing you can withdraw bitcoin to your ATM with their VISA Card [ 15$ cost per card takes 20 - 25 days to reach for Indians ] By the above calculation effective USD rate is 75 USD/INR
BTC @ 730 USD/BTC
translates to 54750 INR/BTC
no arbitrage opportunity at this rate
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