Hi everyone,
Did you ever dream of buying or selling bitcoins with more liquidity than mtgox and less fees than their 0.6%? Don't search further, here it comes!
Bitfinex is not your typical exchange place. Here you can place exchange orders not only with other bitfinex users, but also with mtgox exchange place. That means more liquidity than mtgox and less fees! Only 0.4% for orders executed on mtgox and 0.1% (yes 0.1%) for orders executed against bitfinex orders!
Bitfinex offers you 3 feature: remunerated deposits, margin trading and regular bitcoins exchange. Since we're on the currency exchange forum I'll focus on the exchange feature.
To use this, you can register on bitfinex with an account of "exchange" level. You'll then be able to fund your account using wire transfer, mtgox code or bitcoins. As soon as your account is credited, you'll be able to start exchanging using the advanced interface below:
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs15.postimage.org%2Fx12o8qd7v%2FSelection_2012_12_06_22_55_35.png&t=665&c=LodcdtCNCfOFig)
You can place market or limit orders, route your order (choose to only execute it against with mtgox orders or only with bitfinex orders), and you'll instantly see the market depth to choose the best moment to place your order.
Q: Is my money safe with you?
A: We use a unique feature for security: a watchonly wallet. Yes, no hot wallet at all. Bitcoins deposits are instaly credited, but withdrawals are manually processed once a day for security. Similarly mtgox api key doesn't grant the right to withdraw. And that's only the most prominent security feature! When it comes to security we're quite paranoid.
Q: Do you use my deposit to leverage the trades of margin traders?
A: Absolutely not. Account balances are separated in 3 wallets: deposit, exchange and trading. Only deposits funds is used to be lend to trader for margin trader. Your money on exchange wallets is with us and stay with us until you decide to use it.
Q: Can I use others features on your site?
A: Yes. Exchange account have access to deposit wallets, and of course you can register as a trader account to use the 3 features of Bitfinex
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Any questions? Hit us on
contact@bitfinex.com ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)