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

[urwhatuknow]

This website is under heavy load

At least for me..

Ente

working on it...... we should be up shortly

Giancarlo

[1715629275]

1715629275

[1715629275]

1715629275

[1715629275]

1715629275

[1715629275]

1715629275

[urwhatuknow]

This website is under heavy load

At least for me..

Ente

working on it...... we should be up shortly

Giancarlo

up again.....

[Ente]

up again.....

Confirmed.
Thank you!

Ente

[suyvv]

order book is still not working properly either at bitwisdom or the site!

[TalkingBit]

Site's up but can't place orders

[noggin-scratcher]

up again.....

Site still isn't actually working though.

I just got a notification email to say that my swap offer was taken, no sign of that having happened if I look at the site.

That, and the lack of any visible trades (whether that's because there aren't any or because the API isn't reporting them).

Being able to see a static page isn't really any more useful than when it was down... slightly more reassuring, but no more useful.

[ghibly79]

The engine is working but account balances from main page aren't updating correctly (so for example you can't use the "sell all" button to place an order with all your balance in the exchange wallet).
The balances show correctly from other pages, like "manage wallets".

[EDIT] All back to normal now.

[dreamspark]

up again.....

Site still isn't actually working though.

I just got a notification email to say that my swap offer was taken, no sign of that having happened if I look at the site.

That, and the lack of any visible trades (whether that's because there aren't any or because the API isn't reporting them).

Being able to see a static page isn't really any more useful than when it was down... slightly more reassuring, but no more useful.

Working for me now and the APi seems to be spitting trades out again.

[xeverse]

How do you receive swaps with flash return rate?
My orders are just sitting there in unfilled swap demands.
Besides, i cannot take more than tradable balance
as if leveraging does no apply here as well.

Unless I'm mistaken, "Tradeable balance" should already include leverage.

Flash return rate can be selected from the little 'options' dropdown underneath where you enter a swap demand.

If the flash-return rate is the current lowest, it should also be taken automatically if you enter a trade without manually setting up a swap.

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

[noggin-scratcher]

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

Okay, so you mean to take a swap before you need it, at a time when you're not yet able to use it, so that it's reserved at a low rate for when you want it?

I don't know; I suspect that's not something the system will let you do, but I don't see what the harm would be in allowing it. Might have the potential to be abused by someone seeking to manipulate the swap rate by taking up the cheap liquidity without any intent of ever using it - being able to keep up the fee payments is a much lower bar than having enough funds to back up a margin trade.

Although, if you want to take advantage of the cheap swaps that are available, you should be able to 'refinance' by cancelling your existing swap; it'll automatically take the cheapest offer to replace it.

[Ente]

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

Okay, so you mean to take a swap before you need it, at a time when you're not yet able to use it, so that it's reserved at a low rate for when you want it?

I don't know; I suspect that's not something the system will let you do, but I don't see what the harm would be in allowing it. Might have the potential to be abused by someone seeking to manipulate the swap rate by taking up the cheap liquidity without any intent of ever using it - being able to keep up the fee payments is a much lower bar than having enough funds to back up a margin trade.

Although, if you want to take advantage of the cheap swaps that are available, you should be able to 'refinance' by cancelling your existing swap; it'll automatically take the cheapest offer to replace it.

Exactly that is possible, and makes sense.
Either reserve funds beforehand, or get them on-the-go. Either way, you pay the rates for the whole time, "used" or "unused". It now makes less sense, as the longest time you can get funds is only 30 days.

Ente

[xeverse]

I'm talking about taking margin upfront as long as
tradable balance (aka leveraged free margin) allows
to cover the expected swap interest.

Suppose i'm holding a fully leveraged position (can't place margin orders),
knowing that i will be closing it and reentering the market at the later time.
Hence i'd like to secure some margin right away, while rates are still relatively low.

RIght now i have to place multiple tiny swap bids, clogging the order book and everything.

Or is there any other reasons why taking more margin than tradable bl isn't possible atm?
Essentially this is leveraging for swaps. I.e. the same 2.5:1 limit can be applied or not.

Okay, so you mean to take a swap before you need it, at a time when you're not yet able to use it, so that it's reserved at a low rate for when you want it?

I don't know; I suspect that's not something the system will let you do, but I don't see what the harm would be in allowing it. Might have the potential to be abused by someone seeking to manipulate the swap rate by taking up the cheap liquidity without any intent of ever using it - being able to keep up the fee payments is a much lower bar than having enough funds to back up a margin trade.

Although, if you want to take advantage of the cheap swaps that are available, you should be able to 'refinance' by cancelling your existing swap; it'll automatically take the cheapest offer to replace it.

Thanks. That's exactly what i have on my mind.

In order to prevent abusing the swap rates, the risk can be calculated and
leveraging limit can be set, the way it's done with margin trading.
Or just let the free market unfold its wisdom. Experimental.

[Phil_UK]

Hi,
Apologies for not checking every post...couple of questions. (Edit - since checked. Questions remain same)

1) How long does support usually take to respond to an email?

2) As I'm still waiting for support, does anyone know if they are flexible on photo ID documents for verification. I only have the single ID with photo (Passport). I have applied for an updated (new style photo) driving licence but that will take 2-3 weeks to come through.

Thanks v much

[urwhatuknow]

Hi,
Apologies for not checking every post...couple of questions. (Edit - since checked. Questions remain same)

1) How long does support usually take to respond to an email?

2) As I'm still waiting for support, does anyone know if they are flexible on photo ID documents for verification. I only have the single ID with photo (Passport). I have applied for an updated (new style photo) driving licence but that will take 2-3 weeks to come through.

Thanks v much

Please write to compliance@bitfinex.com

Have a good day

Giancarlo
Bitfinex Team

[Phil_UK]

Hi,
Apologies for not checking every post...couple of questions. (Edit - since checked. Questions remain same)

1) How long does support usually take to respond to an email?

2) As I'm still waiting for support, does anyone know if they are flexible on photo ID documents for verification. I only have the single ID with photo (Passport). I have applied for an updated (new style photo) driving licence but that will take 2-3 weeks to come through.

Thanks v much

Please write to compliance@bitfinex.com

Have a good day

Giancarlo
Bitfinex Team

Done
Thank You

[qwizzie]

is it true that you are implementing Darkcoin to trade with ?

[F-bernanke]

is it true that you are implementing Darkcoin to trade with ?

I sure hope not. As if LTC isn't risky enough for margin trading. Is there a way to only offer swaps for BTC trading?

I just don't understand why BFX would enter the alt market. I would prefer if they perfected the current platform first.

[predatorkill]

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same 

[windjc]

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same 

The answer is yes.

[ShroomsKit_Disgrace]

Hi, recenlty i saw DRK fees on perfomance page, do you have any plans adding DRK coin?

i just saw another member asking the same 

The answer is yes.

YAY!!!