Just moments ago, 1 BTC was 900 USD on Mt Gox, 850 USD on Btc-e.
Why is there such a large price difference between exchanges? What prevents people from making a profit by buying bitcoins on BTC-e and selling them on Mt Gox, until the prices match? Is it the difficulty of moving dollars between the two countries?
A premium on MtGox cos that was thee original btc exchange, but these days, it is very difficult to get currencies out and back into foreign bank accounts.
BTC-E, I have used for swapping Btc into Alt-coins only. I thought about getting some Euros into my account on there to take advantage of the arbitrage between it and Bitstamp....but As I was about to do so I noticed the "Transactions will be accredited to your account in around 7-10 days" message....erm, no thanks.