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

[HowardF]

You can only set swap lengths from 2-30 days.

While you're here, one last quick questions.  Why is this?  I know a lot of other markets offer 60, 90, even 180 day margin swaps (from the taker side at least).  I'm not sure how often they would get used, just curious why you choose 30 days as the limit?

[slacknation]

majority lenders here? low rates are good.

[oj]

majority lenders here? low rates are good.

realistically if i offered 100btc for swaps how much interest would i typically earn in a month
i talking about flash return rate. Also is it worth the hassle to not use flash return rate and actively setting up the swaps
thanks 

[Sukrim]

Check out bfxdata, as of lately returns in BTC are about as high as in USD percentage wise.

[ranx]

Hi, here is a online tool to calculate compounding interest in a daily basis. 

http://compoundaily.com/

[RappelzReborn]

Pretty nice project , I like it Good luck with it mate
May I ask how lending on your Platform is different from here (btc talk forums) ? I mean people still can scam on the platform or there is security.

[Bagpipe]

Quick question:

Is it mentioned somewhere that STOP orders take absolute precedence before market orders are executed?

11:50:34 292.88 -- size: 2
11:50:33 292.9 -- size: 9.72537
11:50:33 292.92 -- size: 13.1977
11:50:28 293.5 -- size: 1

At around 11:50:30 I executed a market sell order for 2 BTC, but it was ignored until some orders that were obviously triggered by my sell executed... And there are only two explanations and stop orders taking precedence over market orders is one of them.
If it isn't in the FAQ or manual, please DO include it there.

Second question: does the "BASE PRICE" include all one time fees, one time lending fees, periodic lending fees and lending closing fees? I did the math and I see I pay ~1 USD per BTC in fees. On market orders. Costs me a fortune.

[Sukrim]

Pretty nice project , I like it Good luck with it mate
May I ask how lending on your Platform is different from here (btc talk forums) ? I mean people still can scam on the platform or there is security.

You cannot withdraw what you borrow, only trade with it (you also can't withdraw what you traded of course). To ensure that if you trade badly the lender doesn't end up with a loss, thy need to have a certain amount of collateral too and if that gets too small, your position get liquidated.

[SebastianJu]

Thank you for answering. Makes a lot more sense this way.

[Timetwister]

Check out bfxdata, as of lately returns in BTC are about as high as in USD percentage wise.

They are actually higher. I bought BTC to lend them for that reason.

[gog1]

Check out bfxdata, as of lately returns in BTC are about as high as in USD percentage wise.

They are actually higher. I bought BTC to lend them for that reason.

A brave soul, taking on an significantly added level of risk

[HowardF]

Check out bfxdata, as of lately returns in BTC are about as high as in USD percentage wise.

They are actually higher. I bought BTC to lend them for that reason.

A brave soul, taking on an significantly added level of risk

Aye, high interest rates aren't particularly useful when the value of BTC is going to hell...  And I'm afraid bitstamp has caused the last bit of confidence large investors had to go away...

[etang]

all emails to support@bitfinex.com got no reply.
Is that email address abandoned?

[user311]

I'm also not getting any replies on my emails. Withdraw error lost me 5 bitcoins and they aren't responding. Anyone else having problems getting in contact with Bitfinex?

Update: They responded to my issue and will be looking into it

[mjr]

Hey guys,

I just saw that a couple of people had an issue with support? I have been seeing some replies to support emails earlier, so no, that address has not been abandoned, but if you would like I can look into your issue, and see what is going on. Please PM me with details, or you can email me at josh@bitfinex.com.

[slacknation]

majority lenders here? low rates are good.

realistically if i offered 100btc for swaps how much interest would i typically earn in a month
i talking about flash return rate. Also is it worth the hassle to not use flash return rate and actively setting up the swaps
thanks 

for now, if you are using the flash return rate, there is very little chance of getting filled

[Bagpipe]

Check out bfxdata, as of lately returns in BTC are about as high as in USD percentage wise.

They are actually higher. I bought BTC to lend them for that reason.

I have some BTC borrowed for LTC/BTC short; it turns out the borrowing rate is at least 0.5% a day, which translates to 600% a year...
I checked the USD rate at one brokerage and they asked for 7% a year... Bitcoin truly lives in the dark, dark ages.
EDIT: oops, no, it is just unclear if your fees are in USD, BTC or LTC... it was most likely LTC, not BTC.

[Mythoughts]

Check out bfxdata, as of lately returns in BTC are about as high as in USD percentage wise.

They are actually higher. I bought BTC to lend them for that reason.

I have some BTC borrowed for LTC/BTC short; it turns out the borrowing rate is at least 0.5% a day, which translates to 600% a year...
I checked the USD rate at one brokerage and they asked for 7% a year... Bitcoin truly lives in the dark, dark ages.

Might wanna check again. BTC borrowing rates are around 0.05% usually. If yours is higher, you can change that right now.

[medicine]

I am a lending veteran but an options trading newbie.  Yesterday I took a small short position with LTC just to start learning. I have a couple questions about the system.

I first took a swap and expected to use those borrowed coins to sell on the market, however after receiving the swap and selling the coins I noticed the swap had not been used.  It just sat in the unused swaps.  After selling the coins in the margin menu the system automatically took out a second swap for me leaving the original swap just sitting unused.
Can I first take a swap and then sell those same borrowed coins on the market?  Is that possible?

Thanks in advance.

[noggin-scratcher]

I first took a swap and expected to use those borrowed coins to sell on the market, however after receiving the swap and selling the coins I noticed the swap had not been used.  It just sat in the unused swaps.  After selling the coins in the margin menu the system automatically took out a second swap for me leaving the original swap just sitting unused.
Can I first take a swap and then sell those same borrowed coins on the market?  Is that possible?

That's weird. I'm equally not experienced on the trading side so this may be a case of the blind leading the blind, but my understanding of it was that a reserved swap would be the first place the system goes for margin funds to trade with.