btc-e vs mtgox

[hooliehoop]

There seems to be a huge difference between these two almost constantly. As of this writing the bid/ask for USD/BTC on btc-e is 61.5ish and on mtgox is 70ish. I've seen it the other way (btc-e at 66ish, mtgox at 62ish) before. Wouldn't arbitrage cause these two to converge?

[cptmooseinc]

It would if USD was easy to get into BTC-e, but it's not.

[hooliehoop]

couldn't you put bitcoins into btc-e and then convert them to dollars when it's favorable? you can do the opposite trade in mtgox to even it out. when it's favorable the other way, you do the exact opposite and that should net you a nice profit.

[xur17]

I thought about doing the same thing (arbitrage) between two exchanges of litecoin / bitcoin, but the price difference wasn't enough to make it worth it after fees.

[cptmooseinc]

I make money doing arbitrage all the time like this, but I can get USD into BTC-e easy!

[mmitech]

Yes, i agree with you, but i am trading LTC on BTC-E and they have the biggest volume , and realistic prices , so i trade LTC/BTC then deposit on another site and sell for fiat, this is the best way for me.

[umaOuma]

I make money doing arbitrage all the time like this, but I can get USD into BTC-e easy!

And whats the easiest way to add USD funds to btc-e ?

[WeTradeCoins]

I make money doing arbitrage all the time like this, but I can get USD into BTC-e easy!

And whats the easiest way to add USD funds to btc-e ?

Easiest way is to live in ukraine and/or Russia. You can deposit via their ATMs straight to e-btc.com and the account gets credited instantly. Mond though that there is a 5% fee on all deposits(on atm) plus they will rape you on the currency exchange!(since you will want to deposit in dollars but the ATMs give Grivnas(ukrainian money) and then you have to re-convert into $$$)

Good luck

[cptmooseinc]

LiqPay is the easiest if you can get it working. I love it.

[WeTradeCoins]

LiqPay is the easiest if you can get it working. I love it.

How you managed to get it working? I had luck only with Interkassa (but they take 5%)

[desert_beagle]

Btc-e supports other cryptocurrencies of which LTC is the most popular.  If you're trading bitcoin, go to mtgox b/c the btc/usd is higher for some odd reason.  Otherwise go to btc-e.