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Title: Trading between BTC-E and MT Gox Post by: LuckyNumber7 on April 23, 2013, 01:06:45 PM How easy is it to transfer say 1 bitcoin from BTC-E to Mt Gox, sell on Gox, transfer the USD back to BTC-E, purchase a bitcoin and repeat? (The only bit I see difficulty with is transferring the USD from Gox to BTC-E)
Thank you in advance for your help! Title: Re: Trading between BTC-E and MT Gox Post by: BTC Books on April 23, 2013, 01:27:16 PM Think about it.
If it were easy enough to make any profit, there would be no difference in the exchange rates at those two, would there? The spread between Gox and BTCe is actually a fairly accurate reflection of two things: the concatenated size of the fees involved in arbitrage, and the time-value of money. Title: Re: Trading between BTC-E and MT Gox Post by: LuckyNumber7 on April 23, 2013, 01:33:30 PM Think about it. If it were easy enough to make any profit, there would be no difference in the exchange rates at those two, would there? The spread between Gox and BTCe is actually a fairly accurate reflection of two things: the concatenated size of the fees involved in arbitrage, and the time-value of money. Yeah I thought that might be the case!! It seemed to obvious to do so :( Title: Re: Trading between BTC-E and MT Gox Post by: redwraith on April 23, 2013, 01:54:41 PM How easy is it to transfer say 1 bitcoin from BTC-E to Mt Gox, sell on Gox, transfer the USD back to BTC-E, purchase a bitcoin and repeat? (The only bit I see difficulty with is transferring the USD from Gox to BTC-E) I do it occasionally using Gox - OKpay - BTC-e when the spread gets wide enough. The key is to have money waiting in OKpay, because sometimes there are long delays getting USD from Gox to them (24-48 hrs when Gox doesn't have their OKpay account funded), but transferring USD from OKpay to BTC-e is instant. It costs about 4% to do this, but when the spread is 11% like it is now, it's worth it. (There's also the risk of placing your money with BTC-e as well, it seems to be a bit of a minefield lately.)Thank you in advance for your help! Title: Re: Trading between BTC-E and MT Gox Post by: rizq on April 23, 2013, 02:13:24 PM How do you fund BTC-E account with OKpay.
I cant seem to find any article on their website detailing how fund an account, and what the account details are. Worst website i have ever seen. Its not even on their FAQs Title: Re: Trading between BTC-E and MT Gox Post by: redwraith on April 23, 2013, 04:17:03 PM How do you fund BTC-E account with OKpay. At BTC-e go to the "finances" link and find the currency you want and click deposit. At the bottom of the screen will be a dropdown listing a few deposit methods, one of them being OKpay. Follow the links from there.I cant seem to find any article on their website detailing how fund an account, and what the account details are. Worst website i have ever seen. Its not even on their FAQs Title: Re: Trading between BTC-E and MT Gox Post by: legendster on April 23, 2013, 04:42:50 PM How do you fund BTC-E account with OKpay. At BTC-e go to the "finances" link and find the currency you want and click deposit. At the bottom of the screen will be a dropdown listing a few deposit methods, one of them being OKpay. Follow the links from there.I cant seem to find any article on their website detailing how fund an account, and what the account details are. Worst website i have ever seen. Its not even on their FAQs +1 Title: Re: Trading between BTC-E and MT Gox Post by: rizq on April 23, 2013, 05:30:27 PM Thank you very much, saves me from waiting 10 days for a reply from support.
+10 Title: Re: Trading between BTC-E and MT Gox Post by: chungenhung on April 23, 2013, 07:14:00 PM How easy is it to transfer say 1 bitcoin from BTC-E to Mt Gox, sell on Gox, transfer the USD back to BTC-E, purchase a bitcoin and repeat? (The only bit I see difficulty with is transferring the USD from Gox to BTC-E) I do it occasionally using Gox - OKpay - BTC-e when the spread gets wide enough. The key is to have money waiting in OKpay, because sometimes there are long delays getting USD from Gox to them (24-48 hrs when Gox doesn't have their OKpay account funded), but transferring USD from OKpay to BTC-e is instant. It costs about 4% to do this, but when the spread is 11% like it is now, it's worth it. (There's also the risk of placing your money with BTC-e as well, it seems to be a bit of a minefield lately.)Thank you in advance for your help! Title: Re: Trading between BTC-E and MT Gox Post by: redwraith on April 23, 2013, 07:52:19 PM How easy is it to transfer say 1 bitcoin from BTC-E to Mt Gox, sell on Gox, transfer the USD back to BTC-E, purchase a bitcoin and repeat? (The only bit I see difficulty with is transferring the USD from Gox to BTC-E) I do it occasionally using Gox - OKpay - BTC-e when the spread gets wide enough. The key is to have money waiting in OKpay, because sometimes there are long delays getting USD from Gox to them (24-48 hrs when Gox doesn't have their OKpay account funded), but transferring USD from OKpay to BTC-e is instant. It costs about 4% to do this, but when the spread is 11% like it is now, it's worth it. (There's also the risk of placing your money with BTC-e as well, it seems to be a bit of a minefield lately.)Thank you in advance for your help! Title: Re: Trading between BTC-E and MT Gox Post by: rizq on April 23, 2013, 07:58:05 PM http://www.youtube.com/watch?v=-XdLxLoE0Q8
Is this video outdated? Title: Re: Trading between BTC-E and MT Gox Post by: CodyCot on April 23, 2013, 11:40:43 PM How easy is it to transfer say 1 bitcoin from BTC-E to Mt Gox, sell on Gox, transfer the USD back to BTC-E, purchase a bitcoin and repeat? (The only bit I see difficulty with is transferring the USD from Gox to BTC-E) I do it occasionally using Gox - OKpay - BTC-e when the spread gets wide enough. The key is to have money waiting in OKpay, because sometimes there are long delays getting USD from Gox to them (24-48 hrs when Gox doesn't have their OKpay account funded), but transferring USD from OKpay to BTC-e is instant. It costs about 4% to do this, but when the spread is 11% like it is now, it's worth it. (There's also the risk of placing your money with BTC-e as well, it seems to be a bit of a minefield lately.)Thank you in advance for your help! Regarding adding the Withdrawal method on Mt Gox, did you add your email account that you used to sign up to OKPAY? Or did you use the OKnnnnnnn wallet ID?? Title: Re: Trading between BTC-E and MT Gox Post by: seleme on April 24, 2013, 12:16:37 AM okpay id is email so I guess it should be email.
Title: Re: Trading between BTC-E and MT Gox Post by: redwraith on April 24, 2013, 01:25:26 AM @CodyCot - You use your OK id
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