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

[bricky]

are litecoin withdrawals broken ... again?


Litecoin is skyrocketing right now with the btcchina news.  Could have picked a better time to break ... again

[richardweiming]

My comission paid in bitfinex is bitcoin.
I buy 10 BTC, they deduct 0.015,then I get 9.985. I don't like it. I prefer they charge me usd like bitstamp.
I contact support,support don't help.
Any one knows is that possible they charge me usd as commision?

Thanks in advance.

[johnny211]

You can select this under account settings. Please note that it may still choose to autosell BTC for fees if you run out of USD on your margin account.

[dreamspark]

My comission paid in bitfinex is bitcoin.
I buy 10 BTC, they deduct 0.015,then I get 9.985. I don't like it. I prefer they charge me usd like bitstamp.
I contact support,support don't help.
Any one knows is that possible they charge me usd as commision?

Thanks in advance.

Account settings ----> default currency. Or does that just change the interest paid when margin tradings to be paid in USD?

[richardweiming]

My comission paid in bitfinex is bitcoin.
I buy 10 BTC, they deduct 0.015,then I get 9.985. I don't like it. I prefer they charge me usd like bitstamp.
I contact support,support don't help.
Any one knows is that possible they charge me usd as commision?

Thanks in advance.

Account settings ----> default currency. Or does that just change the interest paid when margin tradings to be paid in USD?

I already set the default currency to USD. It is not useful in exchange. Still btc deducted as fee.

[alexanderrrr]

Hi there,

Bitstamp have been all bitchy about KYC questionaires etc lately aswell as implenting the mandatory verification process not a long time ago. Maybe it's just pressure from banks.
But what happens with this information?

1) Does Bitstamp send the statistics/cashflow information of my account to the tax authorities in my country (EU)?
If yes, what sums $$?

2) I was wondering if it's 100% safe to request an withdraw to a bank located in Hong Kong, without being exposed by Bitstamp to the taxman where I live.

I know Bitstamp is not a bank but they almost act like one. Need to be 100% sure on this.

Hope you guys can help me out!
Thanks in advance

ps. I will never go near BTC-E, don't even suggest it

What about Bitfinex. Do they report accounts etc etc to ones tax authority?

[Lonechaos]

My comission paid in bitfinex is bitcoin.
I buy 10 BTC, they deduct 0.015,then I get 9.985. I don't like it. I prefer they charge me usd like bitstamp.
I contact support,support don't help.
Any one knows is that possible they charge me usd as commision?

Thanks in advance.

You need to have actual USD in your account for the fees to be deduct in USD. If you don't have USD a portion of your btc will be converted to USD at market rate to pay the fee. What I usually do is just leave a small amount of USD in the trading account to cover the fee

[Sukrim]

What about Bitfinex. Do they report accounts etc etc to ones tax authority?

Maybe if asked about it? They have no real idea which country I even live in, so they could either submit my data to _every_ tax authority on the planet and waste ressources for this or just deal with it like anyone else and have me submit my tax report on my own.

However it would definitely be much easier, if I were FINALLY able to get a full report about what happens on my account in CSV or any other format than a freakin' HTML table that does not even contain year numbers!
Manually doing this is no longer an option since I receive referral payments... For reference, my USD ledger is now close to 200 pages long.

Edit:
Congratulations on getting listed on http://bitcoincharts.com/markets/ finally by the way!

[BitApparel]

my wire completed and money's in the bank.  3 days as stated.

Now that BTC prices is back over 800 but the margin loan outstanding is down to 16.25 million.  People are lightening up as the price rises.  The rally will probably see some headwind as margin loan unwinds and flash return rate is down below 0.2

That's just my 2 cents.

Interesting.  That's good to hear that bfx is on top of wires!!!

Are you saying that bfx has the power to move a market because they operate like 40-55% of btsp's trades?

^ is this for real?

[Sukrim]

Well, it's a bit hard to say (since the "BTC traded" number also includes trades in LTCBTC markets as well as maybe(?) Bitstamp trades).
It is quite likely though, that a very nice chunk of trades on Bitstamp is done by Bitfinex, yes.

@BFX: Kraken is gaining momentum slowly by the way (though mostly in EUR, not USD) - please re-consider adding them as alternative to Bitstamp and start trading a little bit there too!

[alexanderrrr]

What about Bitfinex. Do they report accounts etc etc to ones tax authority?

Their https://www.bitfinex.com/pages/tos clearly states that "you agree to abide by any relevant laws in your jurisdiction, including reporting any trading profits for taxation purposes". This means that you must take personal responsibility and report your trading profits to your local tax authority. They will not do this for you, you must do it yourself.

Trading profits are subject to your local capital gains tax. This means that you must pay the capital gains tax on your trading profit - just like you would if you were trading EUR/USD. You can also deduct any losses you had. All that money you obviously had at MtGox when they closed down would, for example, be a deductible loss. You agree to comply with your local tax laws in the Bitfinex TOS.

It also says that "Suspicious transactions will result in a Suspicious Activity Report being submitted to the relevant regulatory and compliance bodies applicable in the registered members' verified country of origin.". This means that you will be reported if you are the money launderer who is doing the suspicious transactions. You also agree to this in their TOS.

Your question indicates that you do not want to follow your local fascist governments laws. That would be against Bitfinex TOS and you should not use it if that is the case.

Thanks for your reply.

Well... What would bitcoin even be if everyone paid tax for it ? Not anywhere close to $1000, $800, $500 or $200 I bet....

[gog1]

Got a page like this - is binfinex down for anyone else?

www.bitfinex.com - Connection failed
Error code 32
The proxy failed to connect to the web server
2014-03-05 06:47:51 UTC


********************************************

looks like it's back to normal

[arbitrage001]

Got a page like this - is binfinex down for anyone else?

www.bitfinex.com - Connection failed
Error code 32
The proxy failed to connect to the web server
2014-03-05 06:47:51 UTC


********************************************

looks like it's back to normal

Same thing here.

[BitApparel]

Why are the referral data unavailable for last 30 days?

[ledmaniak]

Where can I find the referal URL in my account? I hear many people talking about it but can't find it..

[Sukrim]

Why are the referral data unavailable for last 30 days?

If I look at the amount of data it spammed into my ledger I guess calculating this is relatively expensive.

If you need that kind of data, use the Javascript snipped posted earlier to export your data in JSON, then convert this using my python script into ledger-cli format and you'll have a nice overview who earned you how much. The only issue then is to find out which user name belongs to which user ID.

Where can I find the referal URL in my account? I hear many people talking about it but can't find it..

https://www.bitfinex.com/representatives

You need to manually apply to get this enabled though.

[ledmaniak]

Where can I find the referal URL in my account? I hear many people talking about it but can't find it..

If you see affiliation there then that is where you will find your referral link. If that link is not there then you do not have it available to you because you do not have big volume or you're not special or you're not part of the brotherhood.

Ah oke, then I'm not part of the brotherhood

[Neophyle]

Is anyone else experiencing delays with support (+2 days)

[superbit]

Where can I find the referal URL in my account? I hear many people talking about it but can't find it..

If you see affiliation there then that is where you will find your referral link. If that link is not there then you do not have it available to you because you do not have big volume or you're not special or you're not part of the brotherhood.

Ah oke, then I'm not part of the brotherhood

Just send them a PM on here and they will add you.

[johnny211]

@BFX: Kraken is gaining momentum slowly by the way (though mostly in EUR, not USD) - please re-consider adding them as alternative to Bitstamp and start trading a little bit there too!

I think Kraken is off the table unless BFX somehow gets a EUR banking partner and switches to trading in EUR and I don't think that's likely. I really would like to see BFX ditch USD, though, but I'm not convinced EUR is a good alternative and I also think a whole lot of BFX users would be unhappy if they suddenly switched to CNY (which would be a much better choice than USD or EUR). And RUB is off the table now that mother Russia basically banned everything to do with cryptocurrencies.

There is no reason they could not support multiple fiats as well as cryptos and all the crosses of these. This is how most currency trading works and should be workable here too Check out Oanda or IB's fx service for how it can be done. Both of these let you convert physical fiat at typical FX spreads of a couple of pips.