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Author Topic: Arbitrage between Virwox and MtGox  (Read 2274 times)
avoid3d
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November 14, 2011, 10:23:55 AM
 #1

You can still get > $3 for your bitcoin at virwox.

How is the market so slow to adjust, baffles me

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November 14, 2011, 11:05:34 AM
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Yes. This is really annoying. My first Bitcoin was through VirWox. I stopped buying from them. Even the SLL price is not really reasonable...
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November 14, 2011, 11:41:11 AM
 #3

You can still get > $3 for your bitcoin at virwox.

How is the market so slow to adjust, baffles me

Because it is not possible to do automated arbitrage there. The same happens with Bitmarket for example. On the other hand, exchanges with APIs have very little arbitrage opportunities and they are usually up for only a few minutes.
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November 14, 2011, 02:18:12 PM
 #4

The fees on virwox are retarded :/

Quote
Market Order:
A small commission will be charged for the service of matching and executing your order against others. The commmission for market orders consists of a fixed fee plus a variable percentage, according to the following table:

Currency   Fixed   Variable
EUR/SLL   50 SLL   2.50%
USD/SLL   50 SLL   2.50%
GBP/SLL   50 SLL   2.50%
CHF/SLL   50 SLL   2.50%
EUR/ACD   50 ACD   3.50%
USD/ACD   50 ACD   2.50%
SLL/ACD   25 ACD   3.50%
SLL/OMC   25 OMC   1.00%
EUR/OMC   50 OMC   2.50%
USD/OMC   50 OMC   1.50%
BTC/SLL   50 SLL   1.00%


Withdrawals
SLL withdrawals to your Second Life account and ACD withdrawals to your Avination account are free of charge.
A handling fee of 0.02 BTC per bitcoin withdrawal will be charged.
A handling fee of 1 EUR (1 USD, 1 CHF, 1 GBP) + 2% PayPal Fee per PayPal withdrawal will be charged.
A handling fee of 1 EUR (1 USD, 1 CHF, 1 GBP) per withdrawal will be charged for all other types of withdrawals (Moneybookers, NETELLER, Bank Transfers).

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