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Author Topic: Question about the price gap between BTC-E and Bitstamp  (Read 1699 times)
Berau
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March 09, 2015, 06:03:47 AM
 #21

The biggest reason for the price difference is getting money into BTC-E is hard!

How easy/hard is it to get money out of BTC-e?

I have little experience with BTC-e and none whatsoever with Bitstamp but if this is true, then it does sound like a reasonable explanation. Back in mid-late 2013, it was much easier to get BTC out of Mt. Gox than fiat. So naturally more people exchanged their fiat into BTC and withdrew instead of exchanging their BTC into fiat and getting their withdrawal delayed. That resulted in increased demand for BTC and a BTC price that was significantly above every other exchange operating at the time. Usually these sorts of price differences between exchanges can be explained by the ease of getting fiat and BTC in and out, as well as trading and/or deposit/withdrawal fees.

I would say it's very hard.

I tried wire transfer to withdraw some fiat to my bank account, but after a few days the amount just came back to my btc-e account, and never have arrived in my actual bank account. BTC-e has currently disabled a few deposit methods as well, and the only easy way to do this is to purchase BTC-e vouchers from a third party source, which increases the rate of you being scammed and stuff.

I don't recommend trading on the website.
true-asset
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March 09, 2015, 10:29:05 AM
 #22

I think that the real reason is that BTC-E charges at least 1% to get fiat deposits processed into an account. THerefore, it makes sense that the price on BTC-E is at least 1% lower than Bitfinex/Bitstamp, who do not charge for deposits.

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koelen3
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March 09, 2015, 09:31:41 PM
 #23

Check this : http://bitcoinpricelab.com/

The price difference between HitBtc and Btc-e is more than 13$ atm and there is always a Difference and an Arbitrage opportunity .
They are not corrected because this is not just some altcoin and takes time for you to deposit/withdraw USD/BTC .
It also depends on market and Traders make good profit of it , so they try to keep a good difference themselves.

At the weekend people cannot make deposits from their bank accounts. Once the people with money already on there have taken advantage of the cheap coins there is no new money until Monday when the banks open again.

Oh! that is right but still deposit isn't instant and may take several days time sometimes
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March 09, 2015, 09:42:00 PM
 #24

Because this is free market. Only clients are setting prices there. As you can see gap is not that big. I do not see it as problem or conspiracy.
Just free market ... opportunity.
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