Tonight, I was going to make my first major peercoin purchase - one bitcoin’s worth. I had spent the weekend setting up a Vircurex account (I had heard good things about it on here) and doing small test purchases, etc.
However, earlier today, I looked at other exchange sites and was taken-a-back at the wide difference in exchange rates. For example, Vircurex currently changes one peercoin for 0.00928 bitcoins, compared to BTC-e, which changes one peercoin for 0.00686 bitcoins.
In other words, someone can get 145 peercoins per bitcoin at BTC-e, compared to a mere 107 at Vircurex. I was aware that exchanges would differ, but this difference is massive.
Is there any particular reason why anyone think I should proceed with Vircurex? It seems popular on this forum, but I think I would be mad not to use BTC-e. Any guidance would be appreciated
Regarding Yurizhai’s reply - I had the figures in my second paragraph the wrong way round. It should be 0.00686 at BTC-e and 0.00928 at Vircurex. I have now corrected this
I have double-checked the gap on the BTC-e and Vircurex sites, and it is still there. I wonder if such a wide gap is normal, or a one-off