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Author Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading  (Read 723558 times)
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deisik
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June 09, 2017, 06:04:05 AM
 #6321

Is there any additional method to secure your BFX account aside from 2FA?

There are quite a few options there

You may whitelist IP addresses which are allowed to access the site (though it is not really recommended if you have a dynamic IP address). You may also disallow withdrawals from new IP addresses for 24 hours in case someone steals your credentials and tries to withdraw your funds. If I'm not mistaken, you can also lock withdrawal addresses, i.e. the withdrawals will be possible only to the specified addresses. There seem to be a few other options but I didn't look into them

Thank you for the explanation of available methods!
Unfortunately, my ISP only offers dymanic IP adresses  Lips sealed

Locking withdrawal address could be dangerous if you lose access
to the withdrawal address

I didn't check that thing myself, but it seems that you can still change your withdrawal address (i.e. it is not fixed once and for all). You will most likely have to confirm the change just like you confirm your withdrawals themselves. So it is not as dangerous as it looks. As to me, I'm not very fond of 2 factor authentication if it involves using some side code (like Google authenticator). Personally, I chose the option of confirming withdrawals via an SMS code sent to my phone

I guess that will suffice for most intents and purposes, so to speak

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June 09, 2017, 10:57:25 AM
 #6322

Locking withdrawal address could be dangerous if you lose access
to the withdrawal address.
Write down the private key for your Bitfinex withdrawal address and store it where you have stored backups from all your other private keys? Just a thought. Smiley

Written paper can be lost or destroyed (e.g. a fire burning down the house where you store it) or even be unreadable
due to fading out.

Thank you guys for your help though, I will probably go with a combination of 2FA and withdrawal confirmations.
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June 09, 2017, 01:45:51 PM
 #6323

Locking withdrawal address could be dangerous if you lose access
to the withdrawal address.
Write down the private key for your Bitfinex withdrawal address and store it where you have stored backups from all your other private keys? Just a thought. Smiley

Written paper can be lost or destroyed (e.g. a fire burning down the house where you store it) or even be unreadable
due to fading out.
True. What I meant to say, just don't forget to backup the private key for your Bitfinix withdrawal address with your preferred backup strategy and this is as safe as any other BTC you have on any other address. Wink

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June 12, 2017, 08:57:15 PM
 #6324

hi, Is there any way to be able to deposit in bitfinex with okpay or advcash to buy btc?
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June 13, 2017, 06:01:07 PM
 #6325

hi, Is there any way to be able to deposit in bitfinex with okpay or advcash to buy btc?

No direct way that I know of.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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June 15, 2017, 08:36:43 AM
 #6326



Is there some kind of tutorial for this?
Found some crap vids and the bitfinex tutorial doesnt teach anything lol

thanks
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June 15, 2017, 10:02:35 AM
Last edit: June 15, 2017, 06:50:18 PM by Sukrim
 #6327

Is there some kind of tutorial for this?
Found some crap vids and the bitfinex tutorial doesnt teach anything lol

thanks

What do you mean by "this"?

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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June 15, 2017, 04:37:40 PM
 #6328

What do you mean by "this"?


Nothing

never mind

thanks
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June 18, 2017, 11:18:59 AM
 #6329

is Bitfinex good for trade and safe??
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June 21, 2017, 05:52:15 PM
 #6330

I've just read this:

Quote
We are suspending all ETH withdrawal until the network backlog subsides and we are able to reliably post transactions to blockchain. We apologize for any inconvenience

As I understand it, this is not related to exchange itself but rather to problems with the Ethereum network, and if we don't have ETH (well, at least I don't have any), there is nothing to worry about. Does it mean that the Ethereum chain is broken and could that herald the beginning of the end for this coin so much anticipated lately? ETH price seems to be tanking, almost 10% down within the last couple of hours

So could anyone more knowledgeable chime in on this?

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June 21, 2017, 07:46:22 PM
Last edit: June 21, 2017, 10:19:42 PM by HI-TEC99
 #6331

I've just read this:

Quote
We are suspending all ETH withdrawal until the network backlog subsides and we are able to reliably post transactions to blockchain. We apologize for any inconvenience

As I understand it, this is not related to exchange itself but rather to problems with the Ethereum network, and if we don't have ETH (well, at least I don't have any), there is nothing to worry about. Does it mean that the Ethereum chain is broken and could that herald the beginning of the end for this coin so much anticipated lately? ETH price seems to be tanking, almost 10% down within the last couple of hours

So could anyone more knowledgeable chime in on this?

Coindesk says the ethereum chain is overloaded with transactions, which is pushing the required transaction fees up very high. It's getting so expensive to make a transaction that a plethora of exchanges (including bitfinex) are stopping withdrawals until it's cheaper.

http://www.coindesk.com/startups-service-outages-ethereum-blockchain-backlog/


Quote
Data from ethereum information provider Etherscan shows that more than 300,000 transactions were broadcast on 20th June, the highest amount ever observed on the two-year-old blockchain.

The rise in activity has also pushed the size of ethereum's transaction blocks – which change dynamically – to new highs, while the amount of gas required to send a transaction, a kind of charge for processing power, has climbed to new heights as well.

Combined, these changes appear to be impacting businesses.

The list of exchanges that have announced withdrawal pauses or service disruptions in the past day includes Bitfinex, BTC-e, CEX.io and ShapeShift, among others. Social media posts suggest that users are also seeing disruptions when using other exchanges, including Coinbase, BitBay and Poloniex.

I think you can still make ethereum transactions, provided you are prepared to pay an exorbitant fee.

According to newsbtc bittrex has now resumed ETH transactions, but it will probably stop them again if the backlog starts increasing again.

http://www.newsbtc.com/2017/06/21/ethereum-network-congested-exchanges-forced-disable-eth-wallets/
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June 25, 2017, 05:30:51 PM
Last edit: June 25, 2017, 05:45:55 PM by Hueristic
 #6332

Is there any additional method to secure your BFX account aside from 2FA?

There are quite a few options there

You may whitelist IP addresses which are allowed to access the site (though it is not really recommended if you have a dynamic IP address).
may also disallow withdrawals from new IP addresses for 24 hours in case someone steals your credentials and tries to withdraw your funds. If I'm not mistaken, you can also lock withdrawal addresses, i.e. the withdrawals will be possible only to the specified addresses. There seem to be a few other options but I didn't look into them

Thanks for this info! I think I might give them a try. I like these security precautions. One more question tho, Who are the creators and has the code been vetted by a reputable source? I'm assuming that only mutisig coins are listed? W00ps, thats 2 questions. Smiley

EDIT: I thought this is a decentralized exchange

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July 10, 2017, 09:46:41 AM
 #6333

I made a Eth withdrawal 21 hours ago via Bitfinex. I still havent received funds, even though it says it complete on the exchange. I clicked on the address to and from. There is no transaction history on Etherscans website, nor Etherchain. Im getting furious as they wint respond to my email. Has anyone had this problem, and can anyone help please.....

Thanks.

Has this been resolved? Give us an update.
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July 17, 2017, 10:26:57 AM
 #6334

Good day,

when is the deposit through USD again open? Is there already a date?

regards and THX for your answer.

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July 17, 2017, 03:16:05 PM
 #6335

Good day,

when is the deposit through USD again open? Is there already a date?

regards and THX for your answer.


Bitfinex is banned for using USD. They will hardly find a bank to work with,
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July 17, 2017, 08:41:04 PM
 #6336

1) Does anyone have info about the financial audit results announced in may? https://www.bitfinex.com/posts/202

2) Is it possible to deposit funds in EURO?
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July 18, 2017, 11:25:40 AM
 #6337

No for both...

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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July 18, 2017, 11:45:43 AM
 #6338

Good day,

when is the deposit through USD again open? Is there already a date?

regards and THX for your answer.


Bitfinex is banned for using USD. They will hardly find a bank to work with,

LINK??? this is news to me. I knew they were having issues but what is this ban you speak of? This has serious preclusion on tether if so.

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July 18, 2017, 04:33:19 PM
 #6339

1) Does anyone have info about the financial audit results announced in may? https://www.bitfinex.com/posts/202

2) Is it possible to deposit funds in EURO?

Today I turned with this questions to support and they answered within an hour:


Quote
thanks for your message.

firstly I would like reply your another open ticket regarding Friedman LLP Finance Audit.

the 30th June is the day that we do the audit up to . This means that a " snapshot' of all crypto wallets and bank accounts were taken at midnight on the 30th June. That information is then provided to the auditors who will check and confirm all transactions and balances as at the 30th June. It will take the auditors a few months to check everything.


2nd question: regarding USD deposit availability and deposit using EURO wire transfer.

At this time USD/EUR deposits and withdrawals are not possible, we are working on a solution for this but have no time frame for when this will be available.

Cash, Credit cards, payment processors and 3rd party payments are not allowed.

We will make an announcement once further information is available.
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July 18, 2017, 08:13:03 PM
 #6340

then, how they can have a such volume? of course, it is a FAKE volume like many others. Smiley   they have no bank accounts, they cannot receive and send money.

an exchanger without bank accounts, it's a dead exchanger.
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