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Author Topic: Why the Bitcoin price lower at BTC-E.com than MtGox?  (Read 1035 times)
js2082 (OP)
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April 21, 2013, 07:52:45 AM
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Anyone knows the reason?
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The block chain is the main innovation of Bitcoin. It is the first distributed timestamping system.
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CompNsci
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May 01, 2013, 03:07:07 AM
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Firstly, this is not always so. Occasionally BTC-e is actually higher than Mt. Gox, which is one way to move money into BTC-e.

The difficulty of funding BTC-e, as well as the fact that there is no stated address or identity for the principles, likely has something to do with it.
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May 01, 2013, 03:29:20 AM
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Seems almost impossible to get USD into there.  Also maybe the fees are higher?? not sure.
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May 01, 2013, 03:39:50 AM
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Quote from: diddley on May 01, 2013, 03:29:20 AM
Seems almost impossible to get USD into there. 

This. Other exchanges are usually balanced, because many people hold both coins and dollars in multiple exchanges and choose the best offer between them. It's hard to get dollars into BTC-E, and so it's easy to sell btc but hard to buy btc ( = low price)
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