Bitfinex: Minimum amount to trade

[_Nox_]

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

[magneto]

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

Please move this to service discussion -> exchanges because trading discussion is about actual trading, not trading platforms.

To answer your question as per my experience(and confirmed by their support FAQs) the minimum for trading is 0.01 BTC per order. It is much higher than most other altcoin exchanges which means that you might want to find somewhere else to exchange if you have a smaller amount.

For all the other altcoins apart from BTC, the minimum order size is 0.1 of whichever coin you are trading in.

Hope this helped.

[_Nox_]

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

Please move this to service discussion -> exchanges because trading discussion is about actual trading, not trading platforms.

To answer your question as per my experience(and confirmed by their support FAQs) the minimum for trading is 0.01 BTC per order. It is much higher than most other altcoin exchanges which means that you might want to find somewhere else to exchange if you have a smaller amount.

For all the other altcoins apart from BTC, the minimum order size is 0.1 of whichever coin you are trading in.

Hope this helped.

Thanks for your reply.
Damn, that's too much... i just have little satoshis from faucets... How can i earn 0.01 BTC without using my fiat? ._.

[orarider]

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

There is not a good amount for you to trade. However, one thing you should keep in mind, the transaction fee is 1%, so once you trade, you have to make sure the profit you get is greater than 1%.