Thanks for your answer Serp. That's what I was interested in when I asked the question. Usually there are hidden fees and details that make the trade unprofitable like those high deposit fees you mentioned that you only realize when you actually make the trade. It would be nice if you could post those fees to calculate/estimate the net profit. Since I do not have an account at btc-e I can only know the transaction fees there 0.2%. So if you have an account there could you share all the fees that they have? At Cryptsy I have an account and even now I'm still very unsure of their fees if I'd withdraw from them or make a transaction how many hours it would take so someone who has had an account at btc-e for some time would be helpful.
About the problem of not being able to withdraw in EUR it could be solved exchanging it for USD. The actual ratio is 0.94 so that gross profit of 219.87 EUR can be withdraw as 206.7 USD which is still a nice profit. What I'm more interested to know are all the fees you have to take into account between both exchanges so I can make a good estimation of the net profit without having to try it myself and fill all the dox in both exchanges. Call me lazy but I don't want to make all that hassle to finally realizing the profit margin is so low and the risk (of missing the trade) so high that I better keep trading cryptocurrencies only and not do arbitrage verifying several accounts in different exchanges.
P. S. Btw tnx for the cointracker tool on your signature. I just signed up and seems a very useful tool for my trades. Let's see how it helps me to keep a good track of them.
About the problem of not being able to withdraw in EUR it could be solved exchanging it for USD. The actual ratio is 0.94 so that gross profit of 219.87 EUR can be withdraw as 206.7 USD which is still a nice profit. What I'm more interested to know are all the fees you have to take into account between both exchanges so I can make a good estimation of the net profit without having to try it myself and fill all the dox in both exchanges. Call me lazy but I don't want to make all that hassle to finally realizing the profit margin is so low and the risk (of missing the trade) so high that I better keep trading cryptocurrencies only and not do arbitrage verifying several accounts in different exchanges.
P. S. Btw tnx for the cointracker tool on your signature. I just signed up and seems a very useful tool for my trades. Let's see how it helps me to keep a good track of them.
Good to know that my answer helped =)
In this thread you can see some information about alot of exchanges:
https://bitcointalk.org/index.php?topic=695082.0
But btc-e changes their fee very very often, so it's not up to date in this thread.
Creating an account at btc-e is not much work =P You don't need verification to see the fees
The verification process at btc-e, which is needed for bank transfers, is a pain. Just search for "btc-e money on hold"
You don't need a verification if you use a verified OKPAY account. At the moment the fee btc-e chareges for an OKPAY deposit is 2% . OKPAY itself charges 1.5% but with a maximum of 3. But it got expensive to deposit money to OKPAY. Some months ago it was free to deposit via bank transfer. Now they charge a fee. I don't remember the exact number, but it was also something about 2%. So with OKPAY it will be up to 5.5% fee for depositing at btc-e for smal amounts, and about 4% for big amounts (when you can leave out the 3 fixed fee).
You see, it is very complicated and with alot of hidden high fees