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

[zaretskysa]

Hi!
Does bitfinex provide public historical data? I found documentation page https://www.bitfinex.com/pages/api but it seems timestamp parameter for GET /trades/:symbol request does not work at all.

[Jameve]

Looks like its been a little over a year since the last Bitfinex Audit. Any word if/when another will be happening?

We will have an announcement in regard to this in the coming weeks. It will be a pretty big announcement and we're looking forward to it and hearing what the community thinks.  

Hi Zane,

I looked at the Bitfinex LTC/USD chart and I am disturbed to see that is no speed bumps for LTC. To be clear, I am referring to the sudden drop on April 9th, about 4:25 AM EST. The price dropped from about $1.57 to about $0.98 or a -37.57% drop in the span of ~2-5 minutes. Why speed bumps for BTC and not LTC? Makes me lose a bit of confidence in the platform seeing that and I don't even trade LTC (nor am I bullish on either BTC or LTC right now to consider a long). Are there still speed bumps for BTC/USD? In the event it doesn't function as intended, does that mean Bitfinex will roll back trades?

Thank you for your time

[Mythoughts]

Looks like its been a little over a year since the last Bitfinex Audit. Any word if/when another will be happening?

We will have an announcement in regard to this in the coming weeks. It will be a pretty big announcement and we're looking forward to it and hearing what the community thinks.  

Hi Zane,

I looked at the Bitfinex LTC/USD chart and I am disturbed to see that is no speed bumps for LTC. To be clear, I am referring to the sudden drop on April 9th, about 4:25 AM EST. The price dropped from about $1.57 to about $0.98 or a -37.57% drop in the span of ~2-5 minutes. Why speed bumps for BTC and not LTC? Makes me lose a bit of confidence in the platform seeing that and I don't even trade LTC (nor am I bullish on either BTC or LTC right now to consider a long). Are there still speed bumps for BTC/USD? In the event it doesn't function as intended, does that mean Bitfinex will roll back trades?

Thank you for your time

In the google hangout interview this week, they said there's still a mechanism that throttles orders which would move the market by more than 10% but that this throttle wasnt needed in months (link: https://www.youtube.com/watch?v=Mk4Dl4aaBuo , was somewhere in the 2nd half iirc ). But that was about BTC/USD. They didnt say anything about LTC in that regard.

[WhatTheGox]

Question to bitfinex support, to deposit bitcoin and withdraw is free, if i start to do like 100 micro withdraws per day to various different addresses is that a problem with you guys?   - The purpose is for games, to send bitcoin with zero fee makes it easier.

What is the minimim bitcoin withdraw like 0.01?

[theonewhowaskazu]

I've been having fairly consistent problems accessing bitfinex for a while now, is this true for everyone?

[Alexis]

I've been having fairly consistent problems accessing bitfinex for a while now, is this true for everyone?

Works fine for me. Haven't had any issues lately.
Have you tried clearing cookies and cache? Using a different browser etc...

[Sukrim]

Question to bitfinex support, to deposit bitcoin and withdraw is free, if i start to do like 100 micro withdraws per day to various different addresses is that a problem with you guys?   - The purpose is for games, to send bitcoin with zero fee makes it easier.

Please don't (ab)use an exchange as a web wallet, also there is no API to do withdraws...

There are better services, methods and clients to send microtransactions on the blockchain.

[Xiaoxiao]

When does a position actually gets close to being liquidated?  So how close do you have to be to liquidation price to get liquidated?  Because I just started a position and right away that red pop up warning has come, and price hasn't even changed yet.

Thanks, and let me know!

[romjpn]

I've been having fairly consistent problems accessing bitfinex for a while now, is this true for everyone?

Yes me too. But If you wait the URL is becoming like this "bitfinex.com.com" it's weird.
Access it from a search engine (Google or whatever).
I will mail their support.

[blueparrot]

I've been having fairly consistent problems accessing bitfinex for a while now, is this true for everyone?

Yes me too. But If you wait the URL is becoming like this "bitfinex.com.com" it's weird.
Access it from a search engine (Google or whatever).
I will mail their support.

I have the same weird error where it changes to "bitfinex.com.com" 

However I have bookmarked Bitfinex now and when I try to access the website using
the bookmark it works flawlessly.

[WhatTheGox]

Question to bitfinex support, to deposit bitcoin and withdraw is free, if i start to do like 100 micro withdraws per day to various different addresses is that a problem with you guys?   - The purpose is for games, to send bitcoin with zero fee makes it easier.

Please don't (ab)use an exchange as a web wallet, also there is no API to do withdraws...

There are better services, methods and clients to send microtransactions on the blockchain.

Well thats why i asked i wont use finex then.  What methods/clients do you suggest for large amounts of micro transactions?

[Sukrim]

Waiting for a little bit and send one single transaction to several recipients, use micropayment channels or send these payments with 0/low fees attached yourself if you don't really care that they might not end up in the block chain at all.

[Jameve]

Looks like its been a little over a year since the last Bitfinex Audit. Any word if/when another will be happening?

We will have an announcement in regard to this in the coming weeks. It will be a pretty big announcement and we're looking forward to it and hearing what the community thinks.  

Hi Zane,

I looked at the Bitfinex LTC/USD chart and I am disturbed to see that is no speed bumps for LTC. To be clear, I am referring to the sudden drop on April 9th, about 4:25 AM EST. The price dropped from about $1.57 to about $0.98 or a -37.57% drop in the span of ~2-5 minutes. Why speed bumps for BTC and not LTC? Makes me lose a bit of confidence in the platform seeing that and I don't even trade LTC (nor am I bullish on either BTC or LTC right now to consider a long). Are there still speed bumps for BTC/USD? In the event it doesn't function as intended, does that mean Bitfinex will roll back trades?

Thank you for your time

In the google hangout interview this week, they said there's still a mechanism that throttles orders which would move the market by more than 10% but that this throttle wasnt needed in months (link: https://www.youtube.com/watch?v=Mk4Dl4aaBuo , was somewhere in the 2nd half iirc ). But that was about BTC/USD. They didnt say anything about LTC in that regard.

Thank you for the link! I just don't think it is much of a stretch to include the same throttling for all coins on the platform if they want to avoid having their lenders actually lose money on some serious cascading margin calls.

[zanetackett]

Hi!
Does bitfinex provide public historical data? I found documentation page https://www.bitfinex.com/pages/api but it seems timestamp parameter for GET /trades/:symbol request does not work at all.

Yes we do. Can you send me a pm with more information about the call you were using and what the response was? I'll look into it.

[zanetackett]

I've been having fairly consistent problems accessing bitfinex for a while now, is this true for everyone?

Yes me too. But If you wait the URL is becoming like this "bitfinex.com.com" it's weird.
Access it from a search engine (Google or whatever).
I will mail their support.

I have the same weird error where it changes to "bitfinex.com.com" 

However I have bookmarked Bitfinex now and when I try to access the website using
the bookmark it works flawlessly.

We are aware of this issue and have fixed it. If you typed in bitfinex.com it would redirect to bitfinex.com.com. If you typed in https://www.bitfinex.com there weren't any issues, that's probably why the bookmark wasn't having any issues.

[zanetackett]

Looks like its been a little over a year since the last Bitfinex Audit. Any word if/when another will be happening?

We will have an announcement in regard to this in the coming weeks. It will be a pretty big announcement and we're looking forward to it and hearing what the community thinks.  

Hi Zane,

I looked at the Bitfinex LTC/USD chart and I am disturbed to see that is no speed bumps for LTC. To be clear, I am referring to the sudden drop on April 9th, about 4:25 AM EST. The price dropped from about $1.57 to about $0.98 or a -37.57% drop in the span of ~2-5 minutes. Why speed bumps for BTC and not LTC? Makes me lose a bit of confidence in the platform seeing that and I don't even trade LTC (nor am I bullish on either BTC or LTC right now to consider a long). Are there still speed bumps for BTC/USD? In the event it doesn't function as intended, does that mean Bitfinex will roll back trades?

Thank you for your time

In the google hangout interview this week, they said there's still a mechanism that throttles orders which would move the market by more than 10% but that this throttle wasnt needed in months (link: https://www.youtube.com/watch?v=Mk4Dl4aaBuo , was somewhere in the 2nd half iirc ). But that was about BTC/USD. They didnt say anything about LTC in that regard.

Thank you for the link! I just don't think it is much of a stretch to include the same throttling for all coins on the platform if they want to avoid having their lenders actually lose money on some serious cascading margin calls.

We don't want to have to throttle orders and only do so in extreme cases. We haven't throttled any orders since before January. I think the important thing to remember here is that the market moving quickly in one direction alone doesn't warrant intervention via throttling. What I was referring to in the video linked above was that we would only throttle an order(as in singular) that would move the makret ~10%. If the market takes a quick downturn and there aren't any of these types of orders, we won't step in to throttle anything as the market is collectively moving downwards, not one extreme order.

If there's anything you would like me to clarify, please let me know.

 

[artenais]

Any news on Frontend improvement parts? API security levels/bank account withdrawal lock?

Thank you.

[blueparrot]

I've been having fairly consistent problems accessing bitfinex for a while now, is this true for everyone?

Yes me too. But If you wait the URL is becoming like this "bitfinex.com.com" it's weird.
Access it from a search engine (Google or whatever).
I will mail their support.

I have the same weird error where it changes to "bitfinex.com.com"  

However I have bookmarked Bitfinex now and when I try to access the website using
the bookmark it works flawlessly.

We are aware of this issue and have fixed it. If you typed in bitfinex.com it would redirect to bitfinex.com.com. If you typed in https://www.bitfinex.com there weren't any issues, that's probably why the bookmark wasn't having any issues.

thank you for fixing it!

However I have another weird bug.

A swap was about to expire 5 minutes ago and everything seemed to be working fine. But at the expected closing time (it was a 30-day swap) the swap isn´t released and instead
the "expire in" display is starting to count up again.
(before expiring it was counting down and now it started to count up...)

Of course I have auto-renew disabled.

Has anyone ever had this weird bug before? When is the money from the swap gonna be released to my account?
(I´ve used bitfinex for over a year now and never had this happen before)



current display a few minutes later:
"expire in 9 minutes"

[Mythoughts]

However I have another weird bug.

A swap was about to expire 5 minutes ago and everything seemed to be working fine. But at the expected closing time (it was a 30-day swap) the swap isn´t released and instead
the "expire in" display is starting to count up again.
(before expiring it was counting down and now it started to count up...)

Of course I have auto-renew disabled.

Has anyone ever had this weird bug before? When is the money from the swap gonna be released to my account?
(I´ve used bitfinex for over a year now and never had this happen before)



current display a few minutes later:
"expire in 9 minutes"

Had the same thing some days ago. It's a bug most likely caused by daylight saving times. I've posted about it here within the last 14 days.

It's actually -9 minutes what you're seeing (but displayed as +9) and counting to -60. I'm 99% sure that you'll have the money back in 51 minutes (counted from your 9 minutes)

[blueparrot]

However I have another weird bug.

A swap was about to expire 5 minutes ago and everything seemed to be working fine. But at the expected closing time (it was a 30-day swap) the swap isn´t released and instead
the "expire in" display is starting to count up again.
(before expiring it was counting down and now it started to count up...)

Of course I have auto-renew disabled.

Has anyone ever had this weird bug before? When is the money from the swap gonna be released to my account?
(I´ve used bitfinex for over a year now and never had this happen before)



current display a few minutes later:
"expire in 9 minutes"

Had the same thing some days ago. It's a bug most likely caused by daylight saving times. I've posted about it here within the last 14 days.

It's actually -9 minutes what you're seeing (but displayed as +9) and counting to -60. I'm 99% sure that you'll have the money back in 51 minutes (counted from your 9 minutes)

You were completely right about everything, the swap was released exactly one hour later.
In hindsight I should have thought of daylight saving times myself