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You can't do arbitrage on Mt Gox though because you can't get any money out. That's the whole reason the price discrepancy exists.
by socialist_coder 13y ago
You can't do arbitrage on Mt Gox though because you can't get any money out. That's the whole reason the price discrepancy exists.
- fnordfnordfnord 13y agoYou can as long as the arbitrage doesn't always go one way, but you have to tie up additional funds.
- oijaf888 13y agoWhy can't you get the money out via a Japanese bank account? They claim to send funds to those within a few days.
- afterburner 13y agoIs is supposed to be easy to get a Japanese bank account if you've, say, never been to Japan, and don't speak Japanese? Honest question...
- rdn 13y agoNo, you need some level of residency. Maybe it could be worked around by incorporating in Japan and getting a business bank account. I think Gox can do withdrawals to Polish banks too, but unsure.