Topic: Coinbase is higher than MtGox (Read 1788 times)
That spread will vanish like a cup cake in front of a fat kid.
What!? Two U.S. based exchanges where you can arbitrage with bitcoin through ACH?
CampBX starts ACH USD deposits on 11/20.
Buy at CampBX @ $250.00
Sell at Coinbase @ $276.63
I hope this price spread exists for a while.
CampBX starts ACH USD deposits on 11/20.
Buy at CampBX @ $250.00
Sell at Coinbase @ $276.63
I hope this price spread exists for a while.
You cant ACH into campbx until November 20th
What!? Two U.S. based exchanges where you can arbitrage with bitcoin through ACH?
CampBX starts ACH USD deposits on 11/20.
Buy at CampBX @ $250.00
Sell at Coinbase @ $276.63
I hope this price spread exists for a while.
CampBX starts ACH USD deposits on 11/20.
Buy at CampBX @ $250.00
Sell at Coinbase @ $276.63
I hope this price spread exists for a while.
I had some (not a lot) USD in gox that I was waiting to transfer out once the delays got fixed, and now I am actually making money by buying low on gox and selling high on coinbase. I actually wish I had had *more* USD stuck in gox so I could benefit from this arbitrage!! (Which only turns out to be about 1-2% after fees are taken into account)
Yeah I noticed this. Is there any exchange with higher prices than Mt.Gox?
I think this is because Coinbase will "lend" you money during the transfer gap.
For example I can go to Coinbase and lock in a price immediately even though it takes several days for the USD to go through the system. Alternatively I can wire money to bitstamp or mtgox, wait a day or two and then accept whatever the price has moved to.
I made a Coinbase purchase a couple days ago and originially was annoyed by the ~2% premium over bitstamp, but in the end I received a better price than if I had wired money to bitstamp and puchased after the delay.
It's interesting to note that when the price was stable Coinbase better reflected bitstamp prices. IMHO I think Coinbase will tend be priced higher than exchanges during rising periods due to the ability to immediately execute prior to funds clearing.
Yeah I noticed this. Is there any exchange with higher prices than Mt.Gox?
Coinbase is currently at $272 and MtGox is at $266.
So those with cash stuck in Gox can buy bitcoins, and sell them on Coinbase to get their money out.
So those with cash stuck in Gox can buy bitcoins, and sell them on Coinbase to get their money out.
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