Sorry if this is a basic question, I'm new to this stuff.

Currently, according to cryptocoincharts.info, Bitcoins are trading at $1050 on BTC-E but $1228 on Mt. Gox. How is this possible? What would cause such a large price discrepancy? Shouldn't it be possible to capitalize on this difference by buying at BTC-E and selling at Mt. Gox, and if so shouldn't that tend to equalize the trading prices?

marked as duplicate by dchapes, Salvador Dali, Murch, Stéphane Gimenez, cdecker Dec 31 '13 at 15:39

This question has been asked before and already has an answer. If those answers do not fully address your question, please ask a new question.

Mtgox has dollar withdrawal problems. So a dollar within Mt. Gox is worth (valued) less. So you pay more dollars and take your bitcoins out, hence the higher exchange rate.

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