Re: Trading between BTC-E and MT Gox

How easy is it to transfer say 1 bitcoin from BTC-E to Mt Gox, sell on Gox, transfer the USD back to BTC-E, purchase a bitcoin and repeat? (The only bit I see difficulty with is transferring the USD from Gox to BTC-E)

Thank you in advance for your help!

I do it occasionally using Gox - OKpay - BTC-e when the spread gets wide enough. The key is to have money waiting in OKpay, because sometimes there are long delays getting USD from Gox to them (24-48 hrs when Gox doesn't have their OKpay account funded), but transferring USD from OKpay to BTC-e is instant. It costs about 4% to do this, but when the spread is 11% like it is now, it's worth it. (There's also the risk of placing your money with BTC-e as well, it seems to be a bit of a minefield lately.)

I don't think there is a way to transfer USD from Gox to BTC-e, or OKPAY account. At least it is not in the withdraw menu.

As long as you have an OKpay account, you can add it as a withdrawal method at Gox. When you add it, it'll say "validating" for a day or two (it took overnight for me) and then you'll be able to withdraw to your OKpay acct.

Regarding adding the Withdrawal method on Mt Gox, did you add your email account that you used to sign up to OKPAY? Or did you use the OKnnnnnnn wallet ID??