BitFinex feedbacks

[yugo23]

Hello people!

I'm interested in Bitfinex and especially in their margin funding feature. I'm not a huge trader myself and though I like trading a bit I'd prefer invest in something rather safe.
Do anyone have experimented BitFinex? And especially their margin funding feature?
Is the security great? Can you earn a good amount with it or is it totally ridiculous like 1% a year?

[Barnabe]

you can check by yourself.
https://bfxdata.com/calculators/frrswaps.php

They have a good calculator page. I tried it with the last few months (6 is the max available). And you can get approximately 3% per year.
Of course this depends on context and BTC supply, so there might be variations.

You could win more if you deposit USD, they have a bigger rate.

[carlo__]

you can check on bfxdata

Don't expect high rates; at this time, you can gain not more than 12%-13% annual return

[bhokor]

you can check on bfxdata

Don't expect high rates; at this time, you can gain not more than 12%-13% annual return

Lol 13% yearly is a really crazy thing, for example profitability of ten years spanish debt is under 2 % per year , someone knows if it is possible to deposit BTCs  exchange it to usd and swap it, or is needed some kinda of verification to do it, i would convert usd profits in btc again for withdrawal, i really prefer to avoid banks

[doublemore]

Hello people!

I'm interested in Bitfinex and especially in their margin funding feature. I'm not a huge trader myself and though I like trading a bit I'd prefer invest in something rather safe.
Do anyone have experimented BitFinex? And especially their margin funding feature?
Is the security great? Can you earn a good amount with it or is it totally ridiculous like 1% a year?

Bitfinex is an awesome exchange but we must make sure we dont all use it and create a goxopoly lol.  Speard yourself around a bit, use an exchange like kraken aswell who are also awesome.