Unfortunately there is no way at the moment for cheap and fast transfers between exchangers. The regulations destroyed all of them:

- MtGox redeemables (for doing Bitinstant transfers)
- VouchX coupon codes for funding the Vircurex Bitcoin exchange
- Liberty Reserve

All gone! Now OKPAY doesn't work for MtGox any more. There had been a time when OKPAY worked as a bridge between MtGox and BTC-e.

There are lots of money services left, but the problem is that the high fees are making arbitrage impossible.

At the moment I am running a trading bot, because I am really tired of watching the charts all day long. Although this bot can create losses it is a great tool for making arbitrage on MtGox, BTC-e and Bitstamp.

Bitcoin.de is also a great site! A friend of mine made lots of money there with his sophisticated trading method. You can get good prices at this site and if you have a good reputation, other users are willing to trade with you. But it takes a few days until your funds arrive at your bank account. So it is always a good idea to have EUR and BTC available at the same time. Just buy cheap bitcoins and sell them more expensive and you will make profit no matter how the Bitcoin price will be.

In order to use Bitcoin.de you should get a bank account at the Fidor Bank (www.fidor.de). You should try to get an account at this innovative bank. Their bank accounts are available for foreigners as well. At least for Europeans.

Great sites for watching the Bitcoin market are bitcoinity.org and bitcoinwisdom.com. You should have a look at them.

Best regards

Ouzo69