Sukrim
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July 13, 2020, 08:10:10 AM |
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Is KYC now required for pure crypto accounts/transactions, especially withdrawals? Or is it still only forced upon you once you want a bank transfer?
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Every time a block is mined, a certain amount of BTC (called the
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deisik
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English ⬄ Russian Translation Services
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July 13, 2020, 09:07:21 AM
Last edit: July 13, 2020, 09:21:51 AM by deisik |
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Is KYC now required for pure crypto accounts/transactions, especially withdrawals? Or is it still only forced upon you once you want a bank transfer? No, it is not required Just checked Litecoin withdrawals and nothing KYC-related came up. Actually withdrew some EOS a week or so ago, no questions had been asked. Usually, Bitfinex warns about introducing such features beforehand via email (e.g. when they made 2FA mandatory), and I didn't see anything to that effect recently, either |
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garciarachel560
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July 16, 2020, 06:25:04 PM |
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Hello,
I'm new with Bitfinex and want to exchange from btc to monero and withdrawals monero, what is the limit per day untill will request verification?
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figmentofmyass
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July 16, 2020, 11:34:04 PM Merited by malevolent (3) |
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Hello,
I'm new with Bitfinex and want to exchange from btc to monero and withdrawals monero, what is the limit per day untill will request verification?
nobody knows for sure. unless things have changed recently, bitfinex does not publish withdrawal limits, even for unverified accounts. that means your withdrawals are "unlimited"---that is, until your account activity triggers their internal AML controls: As per our Terms of Service, we reserve the right to ask for KYC information at any point in time if your account activity raises flags. it could be deposit/withdrawal volume that raises flags. it could be the source of your coins. it could be how you log in or where you log in from. nobody knows the exact mechanisms, and they are probably frequently changing too. you just have to be aware that at any time, your coins could be frozen, and you might be subjected to KYC. thus you should minimize the amount you have on deposit at any given time, in case you aren't willing to verify and would prefer to lose the coins instead. |
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Del137
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July 26, 2020, 06:46:08 AM |
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2 weeks later listing i still cant buy dogecoin from my bank card via your ownr gate.... |
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PrimeNumber7
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August 05, 2020, 06:43:39 AM |
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Once again, Bitfinex officials proved that they did not throw their words to the wind and announced " $400 Million Reward to Return Stolen Bitcoin:". Good deal, isn't it? Interesting that hacker is eligible too. Does he have the courage to take advantage of this offer The hacker giving the coin back to bitfinex would mean bitfinex would not corporate with law enforcement (to the extent they can) regarding the hack, and may allow the hacker to receive coin in bitcoin on their platform, which would allow the hacker to purchase a privacy centric coin that law enforcement would have difficulty tracing. |
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deisik
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August 05, 2020, 09:55:57 AM |
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Once again, Bitfinex officials proved that they did not throw their words to the wind and announced " $400 Million Reward to Return Stolen Bitcoin:". Good deal, isn't it? Interesting that hacker is eligible too. Does he have the courage to take advantage of this offer The hacker giving the coin back to bitfinex would mean bitfinex would not corporate with law enforcement (to the extent they can) regarding the hack, and may allow the hacker to receive coin in bitcoin on their platform, which would allow the hacker to purchase a privacy centric coin that law enforcement would have difficulty tracing. But that could be a trap to catch him and they already have a deal with law enforcement. IMO, hacker will be easier to track if he makes a contact though I don't think he will do that, 4 years is a big period to to conceive plenty of plots how to legalize stolen bitcoins All of that assumes that the hacker was an outsider But if it was an insider job or not a hack at all, 400M as a reward can be another little shenanigan on the Bitfinex part. The reward is too good to be true, honestly speaking, unless they have something else up their sleeve. Indeed, they won't tell what they are trying to achieve with this. However, why did they wait 4 years? For the dust to settle and cover up some touchy spots? |
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patyomnes
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August 13, 2020, 05:13:54 AM |
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Automated crypto trading is currently a hot topic but many people do not know that Bitfinex has been had its eye on trade automation for years. The trading platform has a trading bot that was created by 3Commas and it can be customized to suit the trader’s strategy. Traders can use the bot for automatic buy or sell orders and they can even customize them to various order types.
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PrimeNumber7
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February 06, 2021, 03:18:40 AM |
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Bitfinex announced today they have repaid the remaining $550 million balance of the loan they received from tether. My guess is this has something to do with their pending deadline to have to produce documents to the NYAG. I am curious as to why it took them so long to do this considering they raised a billion dollars in early 2019 that I was under the understanding was going to be used to repay this loan. |
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TheQuin
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February 06, 2021, 03:48:00 AM |
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I am curious as to why it took them so long to do this considering they raised a billion dollars in early 2019 that I was under the understanding was going to be used to repay this loan.
Why does it make any commercial sense to pay back a loan before you have to? |
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PrimeNumber7
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February 06, 2021, 03:56:55 AM |
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I am curious as to why it took them so long to do this considering they raised a billion dollars in early 2019 that I was under the understanding was going to be used to repay this loan.
Why does it make any commercial sense to pay back a loan before you have to? The loan was not due until November of this year. Most loans accrue interest periodically, and if a company cannot produce returns (adjusted for risk) from investing the money that could be used to repay a loan that is greater than the interest rate, the company is incurring interest expenses for no reason. I am not familiar with bitfinex's intimate financial details, however, I would find it hard to believe that bitfinex is able to invest $550 million for 6 months, and reliably earn a risk-adjusted return greater than the interest rate they were paying. The only thing I could possibly see them using that kind of money on is capital for their OTC trading desk, but I am not sure it would generate that much revenue. |
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TheQuin
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February 06, 2021, 04:21:09 AM |
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The loan was not due until November of this year.
As you already stated it could be to do with NYAG. There must have been some reason that is was done now rather than before or waiting until November. Most loans accrue interest periodically, and if a company cannot produce returns (adjusted for risk) from investing the money that could be used to repay a loan that is greater than the interest rate, the company is incurring interest expenses for no reason. I am not familiar with bitfinex's intimate financial details, however, I would find it hard to believe that bitfinex is able to invest $550 million for 6 months, and reliably earn a risk-adjusted return greater than the interest rate they were paying.
The only thing I could possibly see them using that kind of money on is capital for their OTC trading desk, but I am not sure it would generate that much revenue.
They are affiliated companies so it's effectively an internal loan and they are paying interest to themselves. I would think it highly likely they were not able to do something to earn more than 0% in it. This looks more of a matter of internal accounting than any great mystery. |
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malevolent
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February 06, 2021, 05:14:46 PM |
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As you already stated it could be to do with NYAG. There must have been some reason that is was done now rather than before or waiting until November. There could be PR reasons, too, putting some of their current or potential users at ease. They could go further and find someone trustworthy who could corroborate their claims. |
Signature space available for rent.
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tvbcof
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February 11, 2021, 04:29:40 PM Merited by malevolent (2) |
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Datapoint about my friend's experience with Bitfinex recently:
- A number of reasonably large USD transfers have gone through without incident over the last half year. I would specify that it is without incident from Bitfinex's side...the banks themselves are chronic sources of grief and delay.
- A recent incident with a new bank saw a wire be 'returned' by the bank to the sender, whatever that means. The funds went missing. After some legal threats to the bank, my friend got the tracking info. Only then did friend bother Bitfinex support. Upon doing so, they were very efficient and informative in tracking down the funds and getting them back to the appropriate wallet.
I've talked smack about Bitfinex over the years even though I've never been a customer. I think it important to also relay positive information when the vendor does provide exemplary service so that is what I am doing. As always, YMMV, but this is my friend's recent experience.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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voodox
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November 06, 2021, 01:18:46 PM
Last edit: November 07, 2021, 10:44:19 AM by voodox |
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Made a deposit of almost 7k USDT (SOL) on Bitfinex on 24. Oct 2021 - till today, the 06. November they did not credit the amount. Adress sent to: ufGk5ukyJ3T39ETpXfxSy3YxE5yY4LWqhUbRuZhL5QP Transaction ID: 25tCyeMp7Tgof919LRJYs4kkuEsjVXEJK6bhB8BSUAX3ZAeSQ9NkUATp2vff3reNhD4oDFo6xcsu1R9 B4CnK6fiS Support answers all the time the same, I have to wait... But now they started to close my ticket without responding to me and resolving it. Who could help? What should I do? Or can I forget my money? https://ibb.co/w7FRLsNThank you for contacting us.
Please know that our specialists are into your inquiry. We will manually process your deposit.
Your patience is much appreciated.
Let me know if there is anything else I can help you with, in the meantime.
Kind regards,
Nikole
Bitfinex.com
support@bitfinex.com
image
We hope this response has sufficiently answered your questions. If not, please do not send another email. Instead, reply to this email.
Submitted: 2021-11-04 15:13
Subject: Missing 6937.4898 USDT
Ticket number: #878057
Thank you for your reply.
It seems that the transaction was not automatically processed by the system. For this reason, I just sent the information so our team can manually process the transaction to your account. If that was not the case, the transaction would be processed right after it was confirmed on the blockchain.
Please rest assured that our team will take care of it.
Please let us know in case you have any other issues or questions in the meantime.
Kind regards,
Nikole
Bitfinex.com
support@bitfinex.com
image
We hope this response has sufficiently answered your questions. If not, please do not send another email. Instead, reply to this email.
Submitted: 2021-11-04 15:13
Subject: Missing 6937.4898 USDT
Ticket number: #878057 Thank you for your reply.
Unfortunately, this process is time-consuming and complex, this is why it can take some time so our specialists can conclude. Rest assured that our team is working hard to process it as soon as possible.
We are sorry for any inconvenience. Please feel free to reply to ticket #186824 in the meantime.
Kind regards,
Nikole
Bitfinex.com
support@bitfinex.com
image
We hope this response has sufficiently answered your questions. If not, please do not send another email. Instead, reply to this email.
Submitted: 2021-11-04 15:13
Subject: Missing 6937.4898 USDT
Ticket number: #878057 Your Ticket No. 878057, "Missing 6937.4898 USDT" has already been closed. This means that you will need to open up a new ticket on https://cs.bitfinex.com in order to receive a reply.
Kind regards,
Bitfinex Support Team
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This e-mail and the information it contains may be confidential, legally privileged and protected by law. Access by the intended recipient only is authorized. If you are not the intended recipient, please notify the sender immediately and delete this e-mail from your system. Any review, distribution, reproduction, publication or other use of this e-mail by persons or entities other than the intended recipient is prohibited.
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Quickseller
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November 07, 2021, 12:28:00 AM |
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Was your transaction non-standard or unusual in any way? Are you comfortable sharing the txid and blockchain the deposit was sent to? I don't think bitfinex is very active on bitcointalk, but you can try posting on twitter and you might get their support's attention. |
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voodox
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November 07, 2021, 10:46:21 AM |
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Was your transaction non-standard or unusual in any way? Are you comfortable sharing the txid and blockchain the deposit was sent to? I don't think bitfinex is very active on bitcointalk, but you can try posting on twitter and you might get their support's attention. What is here non-standard or unusual? I've sent the USDT (SOL) to my deposit address on bitfinex. Here is the Wallet and the Transaction ID: Adress sent to: ufGk5ukyJ3T39ETpXfxSy3YxE5yY4LWqhUbRuZhL5QP Transaction ID: 25tCyeMp7Tgof919LRJYs4kkuEsjVXEJK6bhB8BSUAX3ZAeSQ9NkUATp2vff3reNhD4oDFo6xcsu1R9 B4CnK6fiS |
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cesmak
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November 07, 2021, 12:26:13 PM |
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Just tried some research based on your info, but seems that someting IS unusual.... searched your tx id on this explorer that say it will search all three chains where usdt can be transferd :https://stablecoin.tokenview.com/en/usdt and no result. readed this article : https://ccfox.zendesk.com/hc/en-us/articles/900000957406-Difference-in-Three-USDT-Chain-OMNI-ERC20-and-TRC20 and this give the three format of address that is used on the 3 networks to transfer usdt, and you address is not on any of the formats present on this article.
OMNI (Bitcoin (BTC) Network)
Address Style
Begin with a number 1 or 3
Example: 183hmJGRu...
ERC20 (Ethereum (ETH) Network)
Starts with ‘0’ and ‘x’
Example: 0xbd7e....
TRC20 (Tron Network)
Beginning with a capital T
Example: T9zP14....
Searched also the tx id on solana explorer, and nothing else also there (in case you where sending SOL as you cite them in you statement. So without any other info, seems hard to find where you send, what coin and what network you used. |
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voodox
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November 07, 2021, 04:30:24 PM |
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Just tried some research based on your info, but seems that someting IS unusual.... searched your tx id on this explorer that say it will search all three chains where usdt can be transferd :https://stablecoin.tokenview.com/en/usdt and no result. readed this article : https://ccfox.zendesk.com/hc/en-us/articles/900000957406-Difference-in-Three-USDT-Chain-OMNI-ERC20-and-TRC20 and this give the three format of address that is used on the 3 networks to transfer usdt, and you address is not on any of the formats present on this article.
OMNI (Bitcoin (BTC) Network)
Address Style
Begin with a number 1 or 3
Example: 183hmJGRu...
ERC20 (Ethereum (ETH) Network)
Starts with ‘0’ and ‘x’
Example: 0xbd7e....
TRC20 (Tron Network)
Beginning with a capital T
Example: T9zP14....
Searched also the tx id on solana explorer, and nothing else also there (in case you where sending SOL as you cite them in you statement. So without any other info, seems hard to find where you send, what coin and what network you used. Whats about this? https://explorer.solana.com/tx/25tCyeMp7Tgof919LRJYs4kkuEsjVXEJK6bhB8BSUAX3ZAeSQ9NkUATp2vff3reNhD4oDFo6xcsu1R9B4CnK6fiS |
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cesmak
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November 07, 2021, 06:42:12 PM |
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Ok, i don't know if is a problem of my browser, but if i copy the tx id on the explorer of solana i can't see nothing, if i use your complete link, the tx is visible....
For what i can see in the explorer effectively the transaction is confirmed and ok....
Why bitfinex keep all that time to process and thay say that is a long process too, is a myster, searched some more, and i can see that usdt is supported on solana by more than one year, so your problem is strange, exchanges have to manage this situation in small time.
Umbelievable.....
The only thing i can try to suggest, is to don't flood support with new requests/tikets often, because most of support teams on the crypto world, if they receive another ticket for the same request they send you back at the end of the queue. i know of more than one site that do this thing. i don't know if bitfinex do the same.....
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