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

[Sukrim]

Hi, Bitfinex. I make deposit 07.11.17 in ZCash. 9,79 coins. In your system this deposit have number 4912230 . In blockchain deposit is OK and have 9568 confirmations at now moment. But in your system this deposit have 0 confirmations and you not credited me in my balance. I write your support and they answer me 14.07.17 "Wait, we marked your deposit for manually processing. How long need I wait and why? This is a disgrace, I'm waiting for the third week, I demand immediately to credit my money to me.

I highly doubt that this thead is any longer monitored by BFX support. You have better chances by writing them on Twitter I guess.

[Ente]

..or reddit.

Ente

[HuckelFinn]

what the hell is going on with ETH withdrawals ?

More than 2 hours and still processing

never experienced that, not even more than 10 minutes for eth, anytime, anywhere

[8fold]

what the hell is going on with ETH withdrawals ?

More than 2 hours and still processing

never experienced that, not even more than 10 minutes for eth, anytime, anywhere

Yep. Me neither.. Had to wait for 16+ hours till I received the ETH. See this thread for more details.
Hope you got yours in time and did get too stressed.

[HuckelFinn]

what the hell is going on with ETH withdrawals ?

More than 2 hours and still processing

never experienced that, not even more than 10 minutes for eth, anytime, anywhere

Yep. Me neither.. Had to wait for 16+ hours till I received the ETH. See this thread for more details.
Hope you got yours in time and did get too stressed.

This is really unacceptable, I missed a trade on another exchange because of them
16 hours you say ? Come on...

[OmegaStarScream]

Who knows if Bitfinex added SegWit successfully? I'm pretty sure I read about their plans doing so in the near future.

[Quickseller]

Who knows if Bitfinex added SegWit successfully? I'm pretty sure I read about their plans doing so in the near future.

They were planning on doing so a week or two ago however it doesn’t look like they have yet, at least not for everyone. I have both deposited after generating a new deposit address into a non-SW address and received withdrawals from non-SW outputs.

[mayax]

"Our reserve account is regularly audited"    by whom? I didn't see a genuine audit company (not a shit so called company related with Bitfinex) showing the audit report.

By accountancy firm Friedman LLP. http://www.friedmanllp.com/

In this case specifically, Tether claims that they are regularly audited, so where can we find the audit reports? Are they publicly audited since otherwise these audits (or rather claims) are pretty much inconsequential

From this report in The Financial Times:

https://ftalphaville.ft.com/2017/10/02/2194319/tethers-transparency-update-is-out/

As it stands, the release confirms that the Tethers in circulation are more than adequately capitalised by dollar accounts.

That audit is a MEMO. Ask Friedman LLP and post their answer here.

Tethers = Bitfinex = criminal organisation

Now, although many believe that Friedman is/was consulting a audit on Bitfinex, it turns out this is not the case.  Don't take my words.  ASK Friedman LLP !

[TheQuin]

Now, although many believe that Friedman is/was consulting a audit on Bitfinex, it turns out this is not the case.  Don't take my words.  ASK Friedman LLP !

I wasn't likely to take your word for it and I have read what Friedman said. They published a report saying that they had verified the existence of the funds backing Tethers. I also know what the term "an audit" means to an accountant and understand why this doesn't qualify. They audited the existence of the funds and were happy to put their name and reputation to it, they didn't audit the accounts of Tether Limited. I understand the difference, do you?

[Samarkand]

Lots of negative posts on the Bitfinex reddit in the last 2-3 days:
https://www.reddit.com/r/bitfinex/

Many people apparently got completely wiped out by the recent flash crashes of NEO, OMG and so on.
It is noteworthy, that Bitfinex was the only exchange with a flash crash like this, other altcoin exchanges
like Poloniex, Bittrex or Binance weren´t impacted.

In a similar situation Coinbase covered wins and losses caused by the flash crash (I think it was ETH)
as an accommodating arrangement.

Bitfinex didn´t do anything at all except introducing trading pairs for yet another scammy looking altcoin:
https://twitter.com/bitfinex/status/936371313182158849

[Dunkelheit667]

To be honest, not sure why Bitfinex should cover losses if someone placed an order and it executed as set... Even if they or some whales are manipulating 'the market', that's the game all these 'leverage traders' are playing, right? However, if it's a fault of their trading engine, they should consider rolling trades back or something like that.

And yes, more coins for more games... does not feel like a bitcoin trading platform anymore, more like a casino.

Well, wait, I should set buy orders for all shitcoins at 10% market price now for the next 'flash crashes', right?

[lukey]

Bitfinex is Mtgox 2.0

run away while you can

[HuckelFinn]

I canceled my eth withdraw, after 8 hours and not even "pending", but still processing

Tried with XRP, in 15 minutes it was done

Just a tip if you're stuck there like  I was...

I wont return there, too many bad signals lately

[Samarkand]

To be honest, not sure why Bitfinex should cover losses if someone placed an order and it executed as set... Even if they or some whales are manipulating 'the market', that's the game all these 'leverage traders' are playing, right? However, if it's a fault of their trading engine, they should consider rolling trades back or something like that.

...

I concede that the users, who trade these more or less obscure altcoins on margin (as if this wasn´t speculative enough without leverage)
should have known the risk.

However, this really seems to have been a problem of the Bitfinex platform. Because if the platform worked perfectly the price of e.g. NEO would have never dropped
to 4 $, because the arbitrage bots would have prevented the flash crash by arbing against the exchanges where NEO was still trading for +25$ / NEO or more.

I would have handled the situation like Coinbase did with their ETH flash crash:
https://techcrunch.com/2017/06/24/coinbase-is-reimbursing-losses-caused-by-the-ethereum-flash-crash/

Earlier this week, GDAX, the digital currency exchange run by Coinbase, experienced a flash crash in its USD – Ethereum market.

Within seconds the price of ETH crashed from ~$320 to as low as $0.10. While the price recovered quickly, the rapid price movement caused many traders to experience margin calls or stop loss orders, resulting in potentially severe losses.

However, yesterday they announced that the exchange will be using company funds to reimburse customers who suffered losses as the result of a margin call or stop loss order executed.

I know that Bitfinex isn´t obligated to do this, but with the profits that they are making in legimate and unlegitimate ways it should be easy to pay out the
people affected by this using a similar accommodating arrangement.

[nevermindthebotox]

anyone else having problems with chart view and interface ?

i can see only my orders and order book but not charts

 

[Remember remember the 5th of November]

It says withdrawals can take up to 12-24 hours for crypto. 12-24 hours for withdrawing the equivalent of 200 bucks?

[TheQuin]

anyone else having problems with chart view and interface ?

i can see only my orders and order book but not charts

 

It is working for me right now. They use an external service (tradingview.com) for the charts so might just have been a tempory connection issue between the two. You can open a free account at Tradingview and access the charts directly from there to avoid this if it happens again.

It says withdrawals can take up to 12-24 hours for crypto. 12-24 hours for withdrawing the equivalent of 200 bucks?

The time for withdrawals is not related to the value of them. I have never had to wait anywhere near that long.

[Remember remember the 5th of November]

Well, I initiated a withdrawal of 0.02btc at 1AM,now its almost 12PM

[TheQuin]

Well, I initiated a withdrawal of 0.02btc at 1AM,now its almost 12PM

What does it say the status of the withdrawal is?

Do you have 2FA enabled?

If an account does not have any of 2FA options we offer enabled, every withdrawal for this account will be manually reviewed, resulting in long processing times.

Did you change any security setting in the last 5 days?

https://www.bitfinex.com/withdraw/greenlane

Auto-Withdrawal Processing
To better protect your account, withdrawals are only automatically processed under the following security conditions.

If your account does not meet all of the conditions in one of the following two condition sets you will receive an email with a confirmation link to approve the withdrawal.

Condition Set One
Two-Factor Authentication or IP Address whitelisting has been enabled for at least 5 days
Withdrawal addresses for all crypto-currencies (and Tethers if you are verified) have been locked or disabled for at least 5 days

Condition Set Two
Two-Factor Authentication has been enabled for at least 5 days
IP Address whitelisting (Modify) or Withdrawal addresses for all crypto-currencies (and Tethers if you are verified) have been locked for at least 5 days
The "Send Email on Login" security setting is enabled
The "Monitor Withdrawals by IP" security setting is enabled and your current IP Address is not new today (has been used before, more than 24 hours ago)

If any of these requirements are undesirable or not possible for you, withdrawals will still be processed, but the processing time can be slightly longer. Also, you will receive an email with a confirmation link to approve the withdrawal. In addition to these rules, sometimes large or unusual withdrawals will require direct administrative approval.

[Remember remember the 5th of November]

Nah I haven't enabled 2FA. Nor have I changed my password or email.

The other day I withdrew 0.02 and I got them within 30 minutes, this time it's been 12 hours.