Quote:
Originally Posted by keysync
Can you buy into an exchange like btc-e and then sell them at mtgox. Transfer the $ rinse repeat?
MtGox is always a good margin higher than btc-e
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Yes you can, getting money into BTC-e used to be difficult but they've added more options now but the real issue is with MtGox.
It takes over a month for them to transfer your money, MtGox claim it's due to limits imposed by their bank(s). Others believe they don't have enough money in their accounts to make the transfers so they need to wait until people make deposits and use that money for withdrawals and they'll string people along for as long as they can.