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

[Sukrim]

Some already allow margin trading now, however with their own funds (so the platform is the one setting the interest rates for open positions). I have yet to see one with this "lending market" approach.

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[deisik]

USD demand sum : 0.5M USD
USD offer sum : 3M USD

bitfinex 7days trading volume is half of bitstamp.
USD FRR now 0.025%.
no one need bitfinex margin trade.
bitfinex had  ended.

Given that at Bitstamp trading fees are 0.2% while at Bitfinex they are only 0.1% (twice as less), it is a little too early to declare the end of Bitfinex...

Maybe paying a little bit extra in fees is the price of not having to contend with incompetence and dishonour. Don't do business with Bitfinex even if they're paying you to trade on their platform. We should encourage the other exchanges to add margin trading instead.

I mostly agree on incompetence, but what about dishonor? Did they scam on you or otherwise wronged you (or someone you know)?

And I would hardly call twice as much fees a "little bit extra"

[Timetwister]

I have never had any problem with Bitfinex. I hope more lenders leave the platform, so interest rates go up again

[Hrumph]

I mostly agree on incompetence, but what about dishonor? Did they scam on you or otherwise wronged you (or someone you know)?

They stuck me for over 4k usd because I hit close twice. As far as I'm concerned they're scammers or the moral equivalent.

[deisik]

I mostly agree on incompetence, but what about dishonor? Did they scam on you or otherwise wronged you (or someone you know)?

They stuck me for over 4k usd because I hit close twice. As far as I'm concerned they're scammers or the moral equivalent.

What do you mean by hitting close twice? Did you get your money back in the end?

[Bitcoin365]

What do you mean by hitting close twice? Did you get your money back in the end?

hitting the close button for an open position... it´s a known bug that several users have experienced in the
past pages in this thread 

[deisik]

What do you mean by hitting close twice? Did you get your money back in the end?

hitting the close button for an open position... it´s a known bug that several users have experienced in the
past pages in this thread 

I'm trading at Bitfinex through their api, so I sort of missed it, lol

[Hrumph]

What do you mean by hitting close twice? Did you get your money back in the end?

This is what happened.
I had a quite profitable short and the ticker went to about 230 and I decided I wanted to close out, so I hit close. I refreshed and nothing happened as in no pending order was listed in the active orders section and the position remained unchanged. I don't really remember the details but I probably hit close about twice over a period of minutes waiting for something to happen but nothing did. This is when my cascade of crime started. I hit "close" again. Then I hit refresh and so on (I might have close on more time too, I just don't remember), and then I saw that I now had a long whereas before I had a short, and then I tried to close the short. I admit I had had a long day and was very tired so I didn't clue into what was happening until after the damage was done.

There are two reasons why I think the preponderance of the blame is on bfx:
1) Close and "close this position" can never be interpreted as meaning open.
2) Their server wasn't just lagged. It was feeding the users wrong data in real time. It was not saying anything about pending market orders and it was saying that my position was open *long after it had actually been closed*. It would be better for their server to simply time out than be responsive with wrong info.

So far they have given me nothing back (even the fees) and they have admitted no culpability. At first I had a 6k+ loss but they gave 2300 back because of trade engine screw ups. (They're giving nothing back that stems from my double closing).

Giancarlo Devasini's assertion that preventing closes from become open upon the issuance of a close request is somehow technologically insurmountable is complete horse manure. If he thinks it's some sort of technologically hard problem he shouldn't be working in technology in the first place.

[abercrombie]

New bank notification today:

CTBC BANK Co., Ltd.
5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan

Another bank change.  I'm not going to post the details for fear it'll soon be outdated.

Check your deposit page before wiring any money.

[pinky]

New bank notification today:

CTBC BANK Co., Ltd.
5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan

Another bank change.  I'm not going to post the details for fear it'll soon be outdated.

Check your deposit page before wiring any money.

That is very bad, BFX is hiding something. The exactly same thing happened to Bitcoin-24 in 2013. Their bank account in Germany got blocked due to criminal investigation, they opened new account in Poland, which also got blocked months later. People are still waiting for their funds...

IMO BFX is insolvent or they have blocked account - you do not change bank every week!

[slavo]

what about you refund every customer who lost on your shitty platform then close your shit for good?

sounds good right?

ANYBODY with a grain of salt would do that  fckin noobs ^^

[iruu]

New bank notification today:

CTBC BANK Co., Ltd.
5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan

Another bank change.  I'm not going to post the details for fear it'll soon be outdated.

Check your deposit page before wiring any money.

I still have CTBC BANK Co., Ltd., just as you posted in your previous post. 

[abercrombie]

New bank notification today:

CTBC BANK Co., Ltd.
5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan

Another bank change.  I'm not going to post the details for fear it'll soon be outdated.

Check your deposit page before wiring any money.

I still have CTBC BANK Co., Ltd., just as you posted in your previous post. 

A friend told me of the bank change.

I checked, and now have Hwatai Bank, Ltd.

[medicine]

New bank notification today:

CTBC BANK Co., Ltd.
5F, No. 17, Sec 1, Cheng De Rd., Taipei City 103, Taiwan

Another bank change.  I'm not going to post the details for fear it'll soon be outdated.

Check your deposit page before wiring any money.

I still have CTBC BANK Co., Ltd., just as you posted in your previous post. 

A friend told me of the bank change.

I checked, and now have Hwatai Bank, Ltd.

I also think this is a major red flag, and I am strongly considering removing a large portion of my deposits.  The part that bother's me is their lack of communication.  They don't announce the bank changes, they don't talk about their banking strategies, and they sure as hell never talk about the challenges and reasons for them changing banks so frequently.  If Bitfinex, and many other bitcoin companies, would just communicate better I think things would be a little better.
Peace

[DebitMe]

I cannot access my account at all.  This has been a problem for a couple of weeks now where my 2FA would work half the time, then the other half it would tell me that my 2FA token was wrong.  This has been going on for a few weeks, but I could always get in if I kept trying.  Now yesterday and today, I have been trying for a couple of hours now and it isn't working.  No problems using my 2FA on any other site, just Bitfinex.

Anyone have any ideas while I wait for support to contact me back?

[deisik]

Another bank change.  I'm not going to post the details for fear it'll soon be outdated.

Check your deposit page before wiring any money.

I still have CTBC BANK Co., Ltd., just as you posted in your previous post. 

A friend told me of the bank change.

I checked, and now have Hwatai Bank, Ltd.

I also think this is a major red flag, and I am strongly considering removing a large portion of my deposits

I guess you shouldn't use an exchange account as a wallet. I hold there only the amount which is just enough to last me (my bot) trading so long till I notice that my account is drying up and add in more funds...

Okay, you may be lending, but is it really worth it?

[Dunkelheit667]

I cannot access my account at all.  This has been a problem for a couple of weeks now where my 2FA would work half the time, then the other half it would tell me that my 2FA token was wrong.  This has been going on for a few weeks, but I could always get in if I kept trying.  Now yesterday and today, I have been trying for a couple of hours now and it isn't working.  No problems using my 2FA on any other site, just Bitfinex.

Anyone have any ideas while I wait for support to contact me back?

In case you're using an Android device... Try to set the system clock manually, check/uncheck the option to receive time information from your provider. Works for me most of the time.

[Sukrim]

I cannot access my account at all.  This has been a problem for a couple of weeks now where my 2FA would work half the time, then the other half it would tell me that my 2FA token was wrong.  This has been going on for a few weeks, but I could always get in if I kept trying.  Now yesterday and today, I have been trying for a couple of hours now and it isn't working.  No problems using my 2FA on any other site, just Bitfinex.

Anyone have any ideas while I wait for support to contact me back?

Check using https://play.google.com/store/apps/details?id=ru.org.amip.ClockSync or similar if your local clock is actually accurate.

[DebitMe]

I cannot access my account at all.  This has been a problem for a couple of weeks now where my 2FA would work half the time, then the other half it would tell me that my 2FA token was wrong.  This has been going on for a few weeks, but I could always get in if I kept trying.  Now yesterday and today, I have been trying for a couple of hours now and it isn't working.  No problems using my 2FA on any other site, just Bitfinex.

Anyone have any ideas while I wait for support to contact me back?

In case you're using an Android device... Try to set the system clock manually, check/uncheck the option to receive time information from your provider. Works for me most of the time.

For some reason the button to set time using network settings came unchecked.  Checked it and was able to log right in.  Not sure why every other site works fine though?

[WINNIE_POOL]

What's address of create new ticket support? I can't found.
My withdraw USD pending 4 days not process.