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

[joele]

How long does btc withdrawals take? Over 2 hours is a bit too long....

I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.

Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.

Do you fit any of those case?

I don't think so.

Well I've just withdrawn instantly with no issues. If it hasn't gone now, contact support and they will reply as soon as possible.

How long does btc withdrawals take? Over 2 hours is a bit too long....

I have never waited that long for a withdrawal to leave Finex, is it still pending or are you awaiting to see it at the other end.

Common reasons for long withdrawals are if the hot wallet has ran dry, extra verification is needed if its a first time or a suspicious withdrawal or the TX hasn't been picked up by a miner yet.

Do you fit any of those case?

I'm also waiting for my pending withdrawals, it says 'Pending Review', it's only below 1btc and I have 2FA that should be automatically process. 
I withdraw another to my previous withdrawal btc address, and it withdraw instantly.

I'm still waiting for my first withdrawal.

I think the new address has something to do with the pending withdrawal review.

[1714756794]

1714756794

[1714756794]

1714756794

[1714756794]

1714756794

[bassclef]

My withdraw still says "processing"

Any updates, BFX team?

[-Greed-]

My withdraw still says "processing"

Any updates, BFX team?

Mine is worse. It's "Pending Approval".

[hdbuck]

i just couldn't resist..

[-Greed-]

I hate to say this but we are all gonna get goxxed this time. I got my coins.

[medicine]

I hate to say this but we are all gonna get goxxed this time. I got my coins.

Sometimes the hotwallet is low or empty.  You need to be patient.  I also just withdrew 0.21btc as a test and the coins were in my wallet in less than 60 seconds.

Peace.

[xhj005275]

The new fee schedule is too high, I have to decline my trading volume

[Dalmar]

Bitfinex should investigate who those retards were that caused the dump to 162.

They may have had malicious intend (price manipulation).

[dreamspark]

Bitfinex should investigate who those retards were that caused the dump to 162.

They may have had malicious intend (price manipulation).

Why?

It's a free market. Phil has already said that it was legitimate selling as well as some large margin calls.

Are you attempting to say that people should be blocked from pressing the sell button ?

If you want to know who those 'retards' were, you should probably look at all the people taking part in contributing to $30mill in longs.

[Dalmar]

That is not a free market.

When one person or a small group of individuals have too much power over the market it distorts the price discovery mechanism.

The fools who dumped so much should be investigated whether they have a history of doing this. If so, they should be banned from Bitfinex.

[dreamspark]

That is not a free market.

When one person or a small group of individuals have too much power over the market it distorts the price discovery mechanism.

The fools who dumped so much should be investigated whether they have a history of doing this. If so, they should be banned from Bitfinex.

Yes it is, that is exactly a free market.

'Investigating' people and banning them for market participation is not a free market.

I'm guessing you lost money. If so, take it on the chin. Holding and trading bitcoin is a risky business and you knew what you signed up for.


These fools you speak of were people being margin called and legitimate big sells. The only thing they are guilty of being foolish about is going long on margin and holding until they were liquidated.

[Dalmar]

Yes it is, that is exactly a free market.

'Investigating' people and banning them for market participation is not a free market.

I'm guessing you lost money. If so, take it on the chin. Holding and trading bitcoin is a risky business and you knew what you signed up for.

Nope. I was in fiat at the time of the crash.

I simply do not like this type of erratic market manipulation. It is bad for bitcoin's and bitfinex's image.
How will people take bitcoin serious when it still has 100 dollar moves in a day on one of its major exchanges? It's embarrassing to be frank.

[SamCru5953]

I want to withdraw all of my bitcoin. I did a test withdrawal of about 0.3 BTC and it's been pending for over 2 hours now.

"Your account is currently on withdrawal hold. Your withdrawal(s) will be locked in a Pending Approval state until the hold is lifted."

How do I get the hold lifted?

[Hrumph]

Hi,
Last night I had a quite profitable short going when I decided to close my position. So then I hit "close" and nothing seemed to happen, so then I hit "close" again, then a while later I see myself as having a long, so I hit "close" again, then I had a short again and so on (I can't remember the details now).

Anyway the long and short of it that instead of having a profit, I'm down over 5k, and as far as I am concerned I was robbed by the exchange. So far the response from support has been along the lines of "suck it up". Even though I realise what happened now, it did not occur to me at the time that hiting "close" more than once (in the face of total unresponsiveness) willl then open a new position (ages later).  Anyway I am now an aggrieved party seeking justice from the bitfinex exchange.

[pinky]

Last night I had a quite profitable short going when I decided to close my position. So then I hit "close" and nothing seemed to happen, so then I hit "close" again, then a while later I see myself as having a long, so I hit "close" again, then I had a short again and so on (I can't remember the details now).

I heard this too many times and I don't believe it's coincedence. BFX is well aware of this issue for more than a year (maybe even longer) and it's still happening on a regular basis. This is trivial fix in their code. I wonder why they don't fix this

Sorry for your loss.

[smoothie]

This thread claims it is a P2P platform.

How is it P2P? Or is the a misleading claim?

Sounds like a centralized exchange.

[Dalmar]

This thread claims it is a P2P platform.

How is it P2P? Or is the a misleading claim?

Sounds like a centralized exchange.

The lending aspect of Bitfinex is P2P. Other users lending to other users, instead of just Bitfinex providing all the margin.

[LancienMaleAlpha]

same problem here I made a test for a withdraw -0.03 BTC 1 week ago, just checked now and it got canceled for no reason,

made a withdraw today we will see, still pending ...

EDIT : Everything ok , I didnt confirm by mail the 1rst one ,

Tho, is that normal the SMS authentification is disabled ? thanks

[Timetwister]

USD lending rates are dropping a lot. I'm thinking about buying some bitcoins. Unfortunately the bitcoin interest rate is minuscule.

[dreamspark]

USD lending rates are dropping a lot. I'm thinking about buying some bitcoins. Unfortunately the bitcoin interest rate is minuscule.

Perfectly normal behavior in an uncertain and slightly bearish situation. There are less people looking to go long on margin and thus less demand. There are also more people sitting in USD waiting to see what happens and therefore there is more supply. What it does mean as well is that there is still the USD on the exchange to buy this back up if sentiment changes, the increase in USD supply suggests that people haven't withdrawn their money.