why is btc-e price always behind?

[Leonard2016]

I have been watching the price rise for the past few days and i have noticed that btc-e.com price has always been behind other exchanges and it is not a short term thing, it has been $970 when price broke $1000 and as i am writing this the price is $993

i don't get why, since btc-e has been a good exchange and it has decent volume?

[gizmoh]

So you want to deposit some fiat into btc-e?

Thinking to bankwire - be prepared for 15+ wait time, fees and KYC. Contrary to popular belief, you can't move fiat in without being KYC'd to btc-e and partner banks. The cost (for USD): 0.5%, but min $20.
2.The cheapest instant method would be e-wallets. The cheapest options are MoneyPolo and OkPay (1% fee). But to get your precious fiat you will incur 2.1 4.5%+~$1 fee for Debit card to MoneyPolo deposit. Or 0.5% +$20 min. fee for bank wire.
2.2 0.5% receiving fee + whatever fee you'll pay for depositing your usd from your bank/card.

Thus we have at least 4% deposit fees to get into btc-e alone. And remember, you WON'T be able to a move anything before getting slapped by KYC & AML from Okpay and MoneyPolo. Still believe that btc-e is a money-laundering heaven?

But let's abstract ourselves from fiat-to-ewallet shenanigans and attempt to do what every arbitrage wannabe would want to do: exploit the juice price difference.

Huobi has an option of okpay usd withdrawal. It costs 0.5%. To receive the money to your wallet it will cost 0.5%. That's 1% already. To deposit okpay to btc-e you incur another 1%. That's 2%. Now you want to buy those cheap btc. And you get 0.25% fee for the order, because it's a market order for you need btc fast. Thus 2.25%. For the sake of experiment, let's disregard the miner fees needed to send bitcoin back to huobi. To sell your 1 btc you have to pay another 0.2%. Thus all full circle will consume at least 2.45% in fees. At this moment the highest btc-e ask is at $985, huobi bid at $1013. That is 2.84% difference. Subtract 2.45% and get ~0.4% of potential profit, provided that the market does not move against you, while you move money between exchanges.

For the "ex Soviet mob" believers out there: due to socio-economical reasons, most transactions in the countries are done in cash. Subsequently, there's a class of all sorts of people, who engage into forex exchange manually, and now in bitcoin. Many of those use btc-e as a vault and a reference point. But we too are slapped with fees that vary according to the spread installed by those exchangers.

It might seem that btc-e is a cheap place, while in fact it isn't. And as in many poor countries, sometimes it is even more expensive than your average western bitcoin exchange.

source: https://www.reddit.com/r/BitcoinMarkets/comments/5lole9/is_it_really_cheaper_to_buy_bitcoin_on_btce_here/

[ArdiPrabowo]

if btc-e in bitcoin price under value in another exchanger is good
you can arbitage can take profit
so you can find profit is easy, if spead price is very far price

[Nahl]

I have been watching the price rise for the past few days and i have noticed that btc-e.com price has always been behind other exchanges and it is not a short term thing, it has been $970 when price broke $1000 and as i am writing this the price is $993

i don't get why, since btc-e has been a good exchange and it has decent volume?

you must pay attention to the support market because there is a big dump for the price on buy orders and sell orders and i think if those orders wasn't filled out then the price will still below at $980 and my suggest for you that better find another exchange which is already through $1000 for the price and avoid this exchange

[epitome]

Even i have noticed these sort of price parities in different exchanges.The only problem is only selling price is lower than the global market but the buying price is quite higher than the global price.Stupid exchanges are playing hard to earn the majority of profit if anyone is willing to sell at this price .i am not sure about the Btc-e whether the buying price is still well below the global market ,if its so you can make some profit purchasing in those.

[mobnepal]

if btc-e in bitcoin price under value in another exchanger is good
you can arbitage can take profit
so you can find profit is easy, if spead price is very far price

BTC-e have very high deposit/withdraw fee for most of the ewallets so it will not be profitable to arbitrage with btc-e as if you calculate total you have paid to buy bitcoin there, it will be more than price in other trading platform due to those high fees and same if you sell bitcoin there you will get way lower than market price.

[gentlemand]

Once upon a time I thought of depositing on there. I very rapidly gave up when I realised I'd have to be verified by third party weirdoes I'd never heard of and with a big fat fee on top. Sod that.

https://www.reddit.com/r/BitcoinMarkets/comments/5lole9/is_it_really_cheaper_to_buy_bitcoin_on_btce_here/

The above is informative.

[Leonard2016]

thanks for all the responds but just to be clear i wasn't even thinking about arbitrage or buying bitcoin there (i bought bitcoin when price was $200 to $400 and then a couple of times on $650)
and as for arbitrage i never liked it becasue of the fees.

but it is still strange to me to see the price being $50 behind!

[harizen]

thanks for all the responds but just to be clear i wasn't even thinking about arbitrage or buying bitcoin there (i bought bitcoin when price was $200 to $400 and then a couple of times on $650)
and as for arbitrage i never liked it becasue of the fees.

but it is still strange to me to see the price being $50 behind!

So if we get straight to the point, you are only noticing that they are behind from other exchanges at no purpose at all e.g buying or trading etc. Basically and obviously exchange rates have different rates even we have to see it behind or being fair or not.

And about being a good exchange, well they already established a quiet good name in the history of their existence that's why some of the traders are doing business with the site.

[audaciousbeing]

I see it as them not following the crowd because the price of Btc on a particular exchange is determined based on the forces of demand and supply and they cannot just go ahead and fix the price with the necessary sell or buy order to support it. If they do, then we can also accuse them of manipulating the market. Another way to look at it is the part that they are being prudent in taking the back seat in other to be protected in case anything happen. Also it gives room for more people to patronise them in other to cash-in on the arbitrage.