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

[Sukrim]

Will probably take a while, since first they need some market depth... my guess would be a month or two.

[Tzupy]

ETHUSD and ETHBTC appeared on the user interface, but there is no order book yet...  

[davidgdg]

Question for leveraged traders. Why would you borrow at FRR on 2 day terms when 30 day offers are available? I'm a lender who always offers FRR 30 days. Yet I see 2 day loans being taken first. Makes no sense to me ....

[Bonez0r]

Why does it take so long for btc deposits to complete? Bitfinex claims it takes 3 confirmations, but the deposit stays "unconfirmed" even after the 3 confirmations exist on the blockchain. It's infuriating to see the price go against my favor while Bitfinex won't complete the deposit LONG after the promised 3 confirmations.

edit: 5 confirmations now and still not complete. Bitfinex, can you please fix this?

[spooky01]

What is up with their withdrawal ? I bought bitcoin at 540 and wanted to withdraw it to bitstamp and made a withdrawal request. It's been 1:30 hours and the price risen to 545 and now fall to 533 and the withdrawal is still not processed.

[Sukrim]

Withdrawals take a while depending on hot wallet availability. Don't expect them to happen faster than e.g. a bank transfer if you expect your coins to be about as safe as in a bank at bitfinex.

[mobnepal]

What is up with their withdrawal ? I bought bitcoin at 540 and wanted to withdraw it to bitstamp and made a withdrawal request. It's been 1:30 hours and the price risen to 545 and now fall to 533 and the withdrawal is still not processed.

This is not a way to do arbitage trading, price will keep fluctuating and there will be difference between two exchange platforms. The way to do arbitage is to have enough balance in the form of btc and usd in both exchangers and do arbitage trading. Not like withdrawing coin from one platform to another and selling there and vice versa.

[T-rage_11]

My return for margin funding is NOT credited to my deposit wallet balance. It's now 10 hours overdue.  

My last report entry is:      Margin Funding Payment on wallet Deposit _____ 01-06-16 03:31:32

Edit: Received it now!

[Dunkelheit667]

My return for margin funding is NOT credited to my deposit wallet balance. It's now 10 hours overdue. 

My last report entry is:      Margin Funding Payment on wallet Deposit _____ 01-06-16 03:31:32

Same here. Well, from my personal experience, this happens sometimes. Good news is, the overdue balances will be credited later on, at least they always were in the past.

[conspirosphere.tk]

hey, what about this:

RELEASE: PR7380-16  June 2, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant
http://www.cftc.gov/PressRoom/PressReleases/pr7380-16

Is Finex accepting US clients? That's dangerous.

[traderman]

I wonder if Poloniex is also in the cross-hairs of the CFTC?

[MOB]

hey, what about this:

RELEASE: PR7380-16  June 2, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant
http://www.cftc.gov/PressRoom/PressReleases/pr7380-16

Is Finex accepting US clients? That's dangerous.

Any financial lawyers here? How is BFX not still in violation of of what the CFTC charged them with?

The entire business model of exchanges is built upon the exchange maintaining control of its hot and cold wallets so as to allow instantaneous transactions with no corresponding blockchain transaction or exchange of actual "ownership."

Does a switch to tether "tokens" for all fiat and crypto sidestep this?

[cointabo]

Will you not publish your office address for physical visits? Want to know more about the company iFinex except that it is located in HK. Also, get to know its board of directors etc..

[deisik]

hey, what about this:

RELEASE: PR7380-16  June 2, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant
http://www.cftc.gov/PressRoom/PressReleases/pr7380-16

Is Finex accepting US clients? That's dangerous.

I think you are on your own here. Remember that Bitfinex is not in the US jurisdiction, neither de juro nor de facto (unlike European banks, for example). So the CFTC may do what they want, in their impotent fury they can even cancel the law of gravity if they please (or go after the clients from the US according to the cynically-called "Consumer Protection Act", lol)...

Bitfinex seems not to care a fuck about their "orders", and the US gov-gov in general

[conspirosphere.tk]

hey, what about this:

RELEASE: PR7380-16  June 2, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant
http://www.cftc.gov/PressRoom/PressReleases/pr7380-16

Is Finex accepting US clients? That's dangerous.

I think you are on your own here. Remember that Bitfinex is not in the US jurisdiction, neither de juro nor de facto (unlike European banks, for example). So the CFTC may do what they want, in their impotent fury they can even cancel the law of gravity if they please (or go after the clients from the US according to the cynically-called "Consumer Protection Act", lol)...

Bitfinex seems not to care a fuck about their "orders", and the US gov-gov in general

I wish the best for them even because I trust them with some of my coins and $. Still, there is a reason why most of worldwide banks do not accept US citizens, and maybe some of those reasons applies to exchanges too. Or so it seems:

we cannot allow US Citizens/residents to deposit or withdraw USD through banks
https://www.therocktrading.com/en/pages/faq

Coinmate does not accept US citizens to register on the exchange.
https://en.bitcoin.it/wiki/Coinmate

etc.

[zanetackett]

Will you not publish your office address for physical visits? Want to know more about the company iFinex except that it is located in HK. Also, get to know its board of directors etc..

We do not have an office for open visits in HK. However, if you'd like to meet some people from the company in HK, I can look into arranging that for you.

[zanetackett]

What is up with their withdrawal ? I bought bitcoin at 540 and wanted to withdraw it to bitstamp and made a withdrawal request. It's been 1:30 hours and the price risen to 545 and now fall to 533 and the withdrawal is still not processed.

Depending on many factors we may need to manually review your withdrawal. However, if you need auto-withdrawal processing please take a look at the requirements listed on the withdrawal page. Click the conditions for auto-withdrawal processing link and a modal will open listing the requirements. Fulfill those and your withdrawals will generally be processed within a few minutes.

If you have any questions feel free to let me know. I work for bitfinex and am more than happy to help.

[zanetackett]

hey, what about this:

RELEASE: PR7380-16  June 2, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant
http://www.cftc.gov/PressRoom/PressReleases/pr7380-16

Is Finex accepting US clients? That's dangerous.

We do accept US clients and have settled any alleged violations with the CFTC, made the changes required to become compliant and US customers can deposit fiat, trade on margin, and withdraw fiat same as before.

[cointabo]

hey, what about this:

RELEASE: PR7380-16  June 2, 2016
CFTC Orders Bitcoin Exchange Bitfinex to Pay $75,000 for Offering Illegal Off-Exchange Financed Retail Commodity Transactions and Failing to Register as a Futures Commission Merchant
http://www.cftc.gov/PressRoom/PressReleases/pr7380-16

Is Finex accepting US clients? That's dangerous.

We do accept US clients and have settled any alleged violations with the CFTC, made the changes required to become compliant and US customers can deposit fiat, trade on margin, and withdraw fiat same as before.

Don't mind me asking, but can you prove that you are "Director of Community & Product Dev. @Bitfinex.com" ?

[Sukrim]

It's at least the same name that he uses on Reddit and elsewhere.