Would someone please explain to me why we see a ginificant price difference between different exchanges? E.g. It's 412 vs 398 on Bitstamp vs BTC-e?
Could one send fiat to BTC-e, buy BTC, send it to Bistamp, sell, and withdraw ad infinitum?
It varies by the second but BTC-e is often a little bit cheaper. I would guess that it's because you have to dick around with third party payment processors to get money on there as opposed to a single transfer from your own bank.