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Question: What is more reliable?  (Voting closed: November 11, 2017, 05:28:06 PM)
Bittrex - 0 (0%)
Bitfinex - 4 (100%)
Total Voters: 4

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Author Topic: Bitterx Or Bitfinex  (Read 356 times)
ronypro (OP)
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November 07, 2017, 05:28:06 PM
 #1

Bitfinex Currently closing business for USA.
Bittrex having issues with disabled accounts.

Both of them announced they will support B2X and will give 1:1 ratio to their users.

Pros to Bitfinex:
1.lending/funding platform is awesome.
2.they have margin trading and equally the interface is very good.

Cons:
1.NOT for usa customers.
2.Support delayed maybe.

Pros to Bittrex:
1.Responsive support as they have slack.
But donot know they really trouble shoot the issues or not.

Cons:
1.Very high withdraw fees for BTC and other coins...for BTC its like .001
2.No other platforms like lending ,margin trading,otc,csts etc.

Please vote I need to start trading.
CyberKuro
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November 07, 2017, 11:47:10 PM
 #2

Bitfinex is better than Bittrex imo. But, they have announced to close their service to US customer due to legal and regulatory to comply with.
as long as you can use their service, out of USA, it's a better option.
But, if you don't have any access to verify your id which live in US just keep your bitcoin i web wallet or wait for another exchange announce will support b2x, do not deal with Bittrex. You may regret if they block your accounts after deposit BTC1.
rapidleech
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November 08, 2017, 02:55:31 AM
 #3

Bitterx is scam
becareful

https://bitcointalk.org/index.php?topic=463202.1420
ETCethereum
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November 08, 2017, 03:34:03 AM
 #4

bittrex still above bitfinex
iam still use bittrex if compare bitfinex
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November 08, 2017, 10:22:24 AM
 #5

....
Cons:
1.Very high withdraw fees for BTC and other coins...for BTC its like .001
2.No other platforms like lending ,margin trading,otc,csts etc.
.....

could you clarify what is cst for someone fairly inexperienced in trading?
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November 08, 2017, 10:23:27 AM
 #6

The only advantage I can find in Bittrex is a wider selection of altcoins, that's the only reason I have an account there. Bitfinex platform is far superior and there is no requirement to verify for most customers. For trading BTCUSD as I do mostly it also has the highest volume. Liquidity and costs are the two most important things for a trader to consider.
In the crypto world, you also have to consider how safe your funds are. There are plenty of accusations against all the exchanges but I feel reasonably comfortable with either of these.

freebitcoin.TO WIN A  LAMBORGHINI!..

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November 08, 2017, 02:09:23 PM
 #7

Bitfinex platform is far superior and there is no requirement to verify for most customers. For trading BTCUSD as I do mostly it also has the highest volume. Liquidity and costs are the two most important things for a trader to consider.
What's all that worth after everything that happened with Bitfinex (i.e "hack incident")? Even if they offer me a certain daily interest over my coins there I wouldn't use them. I remember how mad the overall community was at Bitfinex, which was well justified, and now they miraculously settled their debt, it's all fine again? Sorry, but that doesn't go with me. I am fairly sure that if they successfully managed to pull off a faked hack, they have no problems in doing it again at a later point. People only learn when they have to pay for it, that's for sure.

In the crypto world, you also have to consider how safe your funds are. There are plenty of accusations against all the exchanges but I feel reasonably comfortable with either of these.
Accusations? I consider them to be near facts when it comes to Bitfinex. I say near because it's impossible to provide actual proof.
ronypro (OP)
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November 08, 2017, 10:26:32 PM
 #8

....
Cons:
1.Very high withdraw fees for BTC and other coins...for BTC its like .001
2.No other platforms like lending ,margin trading,otc,csts etc.
.....

could you clarify what is cst for someone fairly inexperienced in trading?

Glad that you asked.
Csts stands for coin split token.
https://www.bitfinex.com/legal/cst
In short bitfinex always creates future markets for bitcoin forks.
Like if you give them your BTC then you can split your bitcoin to bt1 and bt2 tokens.
bt1=original bitcoin bt2=segwit2x untill today.
but segwit2x canceled today.
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November 09, 2017, 05:59:21 AM
 #9

....
Cons:
1.Very high withdraw fees for BTC and other coins...for BTC its like .001
2.No other platforms like lending ,margin trading,otc,csts etc.
.....

could you clarify what is cst for someone fairly inexperienced in trading?

Glad that you asked.
Csts stands for coin split token.
https://www.bitfinex.com/legal/cst
In short bitfinex always creates future markets for bitcoin forks.
Like if you give them your BTC then you can split your bitcoin to bt1 and bt2 tokens.
bt1=original bitcoin bt2=segwit2x untill today.
but segwit2x canceled today.


Got it! Thanks for the explanation!

Edit. Hold on, segwit2x was canceled? Only on bittfinex or at all?

Edit2. Omg I'm so happy!
TheQuin
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November 09, 2017, 10:02:01 AM
 #10

Accusations? I consider them to be near facts when it comes to Bitfinex. I say near because it's impossible to provide actual proof.

That's the point, without proof they are just accusations.

I remember how mad the overall community was at Bitfinex, which was well justified, and now they miraculously settled their debt, it's all fine again? Sorry, but that doesn't go with me. I am fairly sure that if they successfully managed to pull off a faked hack, they have no problems in doing it again at a later point. People only learn when they have to pay for it, that's for sure.

I remember how mad the community was when Big Vern ran off with all the coins from Cryptsy (including some of mine) and Tradefortress from inputs.io. In both those cases, they didn't settle their debt, they just vanished. I think that if Bitfinex had pulled off a fake hack that would have been the exit from the scam and they would be sunning themselves on a nice yacht in the Caribbean right now. I also understand that those affected see it that they lost a lot in terms of potential gains if they had been able to keep their coins, so that's where the anger comes from. I do think that settling their debt goes a long way to rectify what happened. That is just my assessment and why I don't think having coins there is any riskier than any of the other exchanges available right now.

freebitcoin.TO WIN A  LAMBORGHINI!..

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