I have a feeling its rare BitFinex has enoght USD to take long positions
Jesus, are we seriously doing this again? Wait till Gox or somebody else reputable supports margin trading.
How secure is Bitfinex?
Security is our number one priority .Your bitcoins are stored in cold wallet only, and the servers only use watch-only wallet, powered by Armory, to monitor deposit and balances. All bitcoins withdrawals requests are processed manually, once a day, every business day. Our servers are secured using the best technologies available, but even if someone were to hack into them, there is NO HOT WALLET and no private keys to steal, at all. Passwords and exchange API keys are stored encrypted. The rest of our funds are stored in exchanges that already proved themselves secure (currently only MtGox)
Yes, that means your withdrawal can take up to 24h, more on week-end. That's how you can be sure your bitcoins are safe.
The keys and credentials allowing access to others places where we hold our funds are (exchanges) are encrypted, and only grant the right to trade with the funds, not to withdraw them.
Our database is automatically backed up every day and stored in offline storage.
I think Bitfinex will prove to be reliable & safe
feels like the platform just needs more users
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