Topic: MtGox <-> Btc-e arbitrage ~3% profit - page 3. (Read 22532 times)
In fact actuall arbitrage between mtgox and btce and many others is visible in paid version of bitcon-analytics.com/#arbitrage for last 24 hours in real time.
Yes, but still it is the most liquid exchange... Btw, Okpay requires documents too. But it processes them much quicker than MtGox 
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Personally, I do not use Gox anymore. All this AML verification, sending documents and whatnot. Not worth it imo.
That means you make orders in opposite directions almost simultaneously and don't care if the price goes up or down. I can't give the numbers though
Are USD transfers from Gox to Btc-e fast enough? Even an hour at this volatile price makes everything not worth it.As I said, it takes from several minutes to several hours. So it is nice to have USD reserves in BTC-e. Well... I assume people don't put all their savings in bitcoin, just part of them.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
That means you make orders in opposite directions almost simultaneously and don't care if the price goes up or down. I can't give the numbers though
Are USD transfers from Gox to Btc-e fast enough? Even an hour at this volatile price makes everything not worth it.
That means you make orders in opposite directions almost simultaneously and don't care if the price goes up or down. I can't give the numbers though
what do you mean with "minimal risk" ?
I've noticed that the price difference between MtGox and BTC-e is often greater than 7%. But it takes only ~3% to transfer funds from MtGox to Btc-e.
So you can sell bitcoins for USD at MtGox, transfer funds to BTC-e and buy cheaper bitcoins there thus making ~3% with minimal risks.
The easy way of transferring funds from MtGox to Btc-e is OKPay. I noticed that transfers may take from several minutes to couple days though, so it might be a good idea to make reserves of USD at BTC-e before placing your buy and sell orders.
Minimizing the interval between buys and sells you minimize your risks. Though it might be a good idea to make sure that sell order at MtGox executes before placing your buy order at btc-e since sometimes MtGox is really slow.
Why am I writing all this? Just hoping to get some passive income via OKPay's referral program. So if you find this advise useful, please use my link to get registered: https://www.okpay.com/?rbp=arsenische
So you can sell bitcoins for USD at MtGox, transfer funds to BTC-e and buy cheaper bitcoins there thus making ~3% with minimal risks.
The easy way of transferring funds from MtGox to Btc-e is OKPay. I noticed that transfers may take from several minutes to couple days though, so it might be a good idea to make reserves of USD at BTC-e before placing your buy and sell orders.
Minimizing the interval between buys and sells you minimize your risks. Though it might be a good idea to make sure that sell order at MtGox executes before placing your buy order at btc-e since sometimes MtGox is really slow.
Why am I writing all this? Just hoping to get some passive income via OKPay's referral program. So if you find this advise useful, please use my link to get registered: https://www.okpay.com/?rbp=arsenische
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