[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading

[whatthesith]

Glad to see the improvement on the manage wallet.

I can now drag and drop the amount instead of copy and paste the amount between different wallets. And the price ticker on the web page title is definitely a good stuff too.


By the way, I have some feature request. Is it possible to have an API to transfer amount between different wallets?

Also it would also be nice to do the bitcoin withdrawal using API. (Of course, this may raise some security concern since anyone who steal the API key and secret can withdraw the bitcoin to their own address. Maybe multiple API key and secret can be generated, and we can manage the privilege such as READ ONLY, TRADING, WITHDRAW on each API key)

[BitCoinNutJob]

got 11 confirms on a deposit not showing up yet, not had this delay before hmm

[BitCoinNutJob]

out of interest what would be the average time for a support answer?

[dahongfei]

There are two issues lately:

1. Since the end of last week, I got a lot of red "Invalid request" banner after placing a swap offer. Usually it'll work just fine if I just place the exact offer again. So the offer is valid in fact.

2. The new auto-reload feature after placing a liquidity offer is somehow annoying. Especially when you're on BTC swap page, it brings you back to the USD page. It should refresh just the order book and account balances, not the whole page, and a manual refresh button is preferred.

[Sukrim]

There are two issues lately:

1. Since the end of last week, I got a lot of red "Invalid request" banner after placing a swap offer. Usually it'll work just fine if I just place the exact offer again. So the offer is valid in fact.

2. The new auto-reload feature after placing a liquidity offer is somehow annoying. Especially when you're on BTC swap page, it brings you back to the USD page. It should refresh just the order book and account balances, not the whole page, and a manual refresh button is preferred.

1) I usually get if I cancel an offer but the page didn't update the "Swappable balance" yet - workaround is for me to cancel an offer, then hit F5.

2) Might be a workaround by Bitfinex for exactly this?

What's more annoying for me is that now "manage wallets" seems to do weird stuff when you try to select balances there to send exact amounts between wallets. If I could choose btw. to which wallets my affiliation payments are directed, that would be unnecessary and save you 2-3 database entries a day from me when I have to move funds from the (useless) trading to the (useful) deposit wallet.

[medicine]

I was verified on the Bitfinex exchange in about 3 business days this past week.  Thanks for not making this impossible like some other exchanges.
Peace.

[BitCoinNutJob]

got 11 confirms on a deposit not showing up yet, not had this delay before hmm

just woke up & my coins arrived , i dont know if support did that but if so thanks.

i've just sent some more & if no problems im moving over from BTC-e to bitfinex for a while.  The support @ BTC-e is just been taking too long recently

[wilfried]

i have margin orders cancelled all the time, there seems to be some function in the background that has unpredictable impacts. i had a sell order and a buy order, the buy order was executed and that made the sell order cancel..

[BitBits]

I was probably wrong on the "flash rate offers not being taken automatically" part. I'm still right when I say putting offers at variable rate when it ends up being 1/4 or less of the lowest offer avaiable is blatantly stupid.

some people probably don't want to log in all the time and just autolend at flash rate

Yes, this is the reason most of the time (just putting thing on "autopilot") and this type of lending is not really any damaging to the rates. If used heavily, it will only slow the change of FRR percentage down.

HOWEVER, what some idiots (pardon me, I just can't hold it) must conclude from this, is that FRR swaps are going out very "easily". Why can't some of you people spend an hour or two observing the dynamics of how swaps are taken over time. If you do this, you WILL see that FRR swaps are taken entirely several times a day. Even if they are not taken in full, you will notice that the existing offers "inside" the FRR pool, are constantly changing (simply note the amount and the number of offers changes). This means that if you want to give out the swap as soon as possible, offer your swaps at FRR, not less than that, ok? Just try it once and you will see that your FRR offer will be taken in under 2 hours or so.

The reason for placing bids beyond FRR is absolutely beyond my comprehension.  By doing this, some lenders are shooting themselves in the foot. Obviously what those doing it don't know, is that trader can cancel any taken swap, at any time without closing the trading position and take another swap with lower rate. So, for as long as YOU keep placing low rate swaps, trader WILL keep "replacing" his/her swaps with lower rate ones.

[CambioBTC]

With Trading Fees and Lender Fees,
makes me hesitate to make any trades
in the current market with these
5-Point and 10-Point moves.

Any thought to maybe doing what these
guys are doing ?

A set fee amount for "Un-Limited Trades" per month ?
Even TradeKing and Scottrade only charge like $4.95
per trade, Unfortunately they don't trade BitCoin,
Yes I'm aware that BitFinex has the lowest
fee when it comes to BitCoin, but still trade enough or
with the current small market movements and it still
adds up.

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Of course there will always be Lender Fee's,
but this just may be an idea for BitFinex to take a look at regarding "Trading Fees".

[CambioBTC]

> unlimited amounts of trades
> $99 per month

Now we're talking!

Please also consider that 40-50% of the trades done at Bitfinex are routed to Bitstamp and Bitfinex has to pay their fees somehow.

Point well made,
did not consider that !

Thanks


P.S.:

The more I think about it, the more I think that if they implemented "Un-Limited Trading" that just maybe the volume would pick up to the point of not needing Stamp for Liquidity.

And now with Gox and Stamp having the problems they are, would be the perfect time to do it in order to gain a influx of new customers.

Sometimes it pays to think outside the box, what they would have to compare is their current revenue to projected revenue on the new plan, should be pretty simple, simply times the future number of new customers.

[MustMan]

Please also consider that 40-50% of the trades done at Bitfinex are routed to Bitstamp and Bitfinex has to pay their fees somehow.

Newbie here.
I just don't understand why Bitfenix not try put all their trading only at Bitfenix like all other independent exchanges do?

[nrd525]

Volume. Slippage.

A lot of the new exchanges fail because they don't have any volume, and thus there is too big a gap between bids and asks (slippage). 

You either have to convince everyone that your exchange is amazing, or you can bootstrap by using the volume of an existing exchange.

[wilfried]

strange margin order deletion again:

position -10 btc
buy limit order +20 btc

partial execution with 3 btc - order removed
??
edit:
my limit orders are treaded like fill or kill

[Bonez0r]

Volume. Slippage.

A lot of the new exchanges fail because they don't have any volume, and thus there is too big a gap between bids and asks (slippage). 

I think you mean spread (the gap between bid and ask). Slippage is when you buy, but your bought amount is greater than the lowest ask, so you buy up the lowest ask plus any asks above that until your order is filled. The price has then "slipped" upwards for you (and vice versa for a sell).

[urwhatuknow]

strange margin order deletion again:

position -10 btc
buy limit order +20 btc

partial execution with 3 btc - order removed
??
edit:
my limit orders are treaded like fill or kill

Strange ...
Are your fees settled in USD or BTC?
Please go to the account setting section and set it in USD ( in case they are not ).

Thank you and have a good day

Giancarlo
Bitfinex Team

[urwhatuknow]

Looks like margin ratio has been reduced AGAIN!  To 1:1 ?!?!  What is even the point of trading here?

margin ratio hasn't been changed.
It's still at 1:2.5.

Have a good day

Giancarlo
Bitfinex Team

[nmersulypnem]

Looks like margin ratio has been reduced AGAIN!  To 1:1 ?!?!  What is even the point of trading here?

margin ratio hasn't been changed.
It's still at 1:2.5.

Have a good day

Giancarlo
Bitfinex Team

You are correct - sorry, I misread my balances.

[Bonez0r]

Giancarlo and/or Raphael, you announced this a while ago:

We will soon be adding feedback functionality – we want to hear
from you!

How long before that's implemented? I have a list of feedback/suggestions to improve the site.

[Ente]

Giancarlo and/or Raphael, you announced this a while ago:

We will soon be adding feedback functionality – we want to hear
from you!

How long before that's implemented? I have a list of feedback/suggestions to improve the site.

You can always post it here too. Other users could chime in or explain their view at the points.

Talking of:
Giancarlo, Raphael, did you think about that "Liquidity provider can extend the runtime" functionality?

Ente