Hi there,
Just been having the same problem on the same device. I am using the docking keyboard so its slightly easier.
Without the keyboard double tap on on a word ou want to copy. You can then modify the selection criteria using the 2 "pins". Once you have finished highlighting the text, tap the right hand pin. This will copy the text. Then tap and hold where you would like to paste the text. The paste option should appear in the top right hand corner.
With the docking keyboard Ctrl-C and Ctrl-V speed it up, but only slightly.
Cheers
Mick