Money management
Trading Wallet and leverage
Only money on your trading wallet will count for the average and margin trading. Your money in deposits and exchange wallet is a separate thing
Lending page
Terms
Borrower
The borrower is the margin trader who takes a loan to speculate on the market, funds will displayed on the trading wallet
Lender
The lender is the depositor who gives loans to traders, funds will displayed on the depositor wallet
Borrowing
This feature allows the user to demand credit in advance, so they don't need to go on the open market and get the credit. They can post a demand for credit and after the demand is filled, they can use that credit when they want.
Market demand
When using this, the borrower “buys” credit at whatever the market offers, so his demand for credit can be filled at different interest rates
Limit demand
Using this, the borrower sets how much he is willing to pay for credit.
Costs
The borrower pays the interest from the moment his demand gets filled no matter if he use the funds or not.
Posting Demand
Amount
The borrower sets the amount of money he wants to borrow.
Interest rate
Here the borrower puts how much interest he is willing to pay.
Period
The borrower sets the minimum amount of time he wants to take the loan, so if borrower wants 100 USD for 14 days, lenders need to give him the 100USD for at least 14 days.
Lending
The lending feature on Bitfinex allows users to lend money to other users. Any borrowing or lending are done by other users. The platforms do not provide funds for trading. In order to keep a balance in the market the platform will never give money to users. This means funds need to be saved and given away in the form of loans.
Market offer
When a lender sells credit using a market offer he will be filled at variable interest rates based on demand.
Limit offer
When a lender uses a limit offer he is willing to sell credit only at a certain interest rate.
Gains
Lenders start earning money when someone takes their offer. If nobody takes their offer, they don’t earn interest.
Posting Offers
Depositors or lenders have the option to post lending offers so users can take this money and trade for a set amount of time.
Amount
The amount in USD or BTC are you willing to lend so other users can leverage trade.
Rates interest
The interest rates are set per 365 days, even if the loan is for a short time frame. Interest rate payments are calculated every day. (3 January 2013)
Maximum period
This is the maximum number of days the lender is willing to lend the money to margin trading users. (3 January 2013)
Auto-renew offers
This options allows you to repost the offer automatically if the trader paid the loan before expiration or if the maximum time limit is reached. The auto-renewed offer uses the same conditions as the original offer. (3 January 2013)
Don't renew loan
This option is used by lenders to cancel offer renewal when the maximum time is reached, or if the loan is paid before expiration. (3 January 2013)
Offers history
Your offer history is saved and shows on the history part of your account
https://bitfinex.com/offers/. (3 January 2013)
USD Credit book
This will show how much USD are available now in the lending section. Conditions are set by users not by Bitfinex. (3 January 2013)
BTC Credit book
This will show how much Bitcoins are available now in the lending section. Conditions are set by users not by Bitfinex.3 January 2013
Fees
Bitfinex does have a fee for the lending for more details go to fee page. (3 January 2013)