Only bears are fk`d by Finex and BTC Mat! 
Anyone who trades margin against the trend and/or during flat markets, are fucked by Bitfinex.
That is what Bitfinex do. That is how they make their profits. By fucking their customers.
Topic: Anyone else getting fk'd over by Finex with BTC transactions atm? (Read 681 times)
Anyone who trades margin against the trend and/or during flat markets, are fucked by Bitfinex.
That is what Bitfinex do. That is how they make their profits. By fucking their customers.
Only bears are fk`d by Finex and BTC Mat!
Could just be an issue with systems being lagged from more transactions than ordinary and the trade/processing engines being delayed. I had to wait for a confirmation withdrawal for +/- ~35 minutes before I could confirm the coin withdrawal. Freaked me out a bit.
Nope, don't buy it.
In the same way how in flat markets, much of the trading on Finex (and indeed the likes of OKCoin), is the exchange itself, betting with insider knowledge against it's own customers, in circumtances with considerable arb taking opportunities, Finex will intentionaly delay transactions from being processed.
I want my funds OFF Finex, but want to avoid the anxiety of having a large sum of money hanging around in the aether, exposed to BTC, when the BTC price is well ripe for a bit of brutal corrective action, so as a test, I have attempted a 1 LTC withdrawal. Over 90 minutes later, Finex has still not processed my withdrawal request.
None of the other exchanges seem to have this problem. Indeed with Huobi, the exchange from which most Arb will be taken, both withdrawal and deposits are processed with minimal delays.
Finex are a bunch of greasy fkn Italian crooks, out plying their greasy fkn crooked business, where they won't get their greasy fkn arses thrown in jail for fraud, embezzlement, and theft.
Could just be an issue with systems being lagged from more transactions than ordinary and the trade/processing engines being delayed. I had to wait for a confirmation withdrawal for +/- ~35 minutes before I could confirm the coin withdrawal. Freaked me out a bit.
Yeah, who would trust a bunch of greasy wops in hk anyway? 
Maybe it's also something to do with the multi sig system they use? That's gonna take some extra processing time.
well on this occasion, it took a whole lot fkn more extra processing time.
I say the Huobi-Finex arb opportunity last night but never jumped at it. Had I jumped at it, then I would have been on my back to Finex, from Huobi, just when Finex's 'multi sig system' happened to be experiencing 'delays' (as spot price differences normalised).....and then during those delays, Finex dumps.
Too 'coincidental'.
These fuckers were at it imo.
Maybe it's also something to do with the multi sig system they use? That's gonna take some extra processing time.
a deliberate blanket policy of Finex's, to allow them and their mates to dump, and to prevent Joe Public from dumping (and thus resulting in too much dumpage).
ITT: After years of trading, OP discovers that crooked exchanges are, indeed, crooked.
what I bet happened on Finex, is that last night, loads of arb takers would have bought Finex, and headed over to cash out on Huobi where there was at times a $50 per BTC premium.
As Finex went over $700, the premium narrowed back down to less than $10. At this point, the arb takers would have started flooding back over to Finex with one thing in mind.......seeing this, Finex made the decision to not recognise the BTC deposits, until they or their friends, had done their BTC business.
Fucking snakes......I would so much prefer to trade on Kraken....but all this EURBTC and low liquidity just throws in more moving parts that I could do well without.
Seeing Bitcoin get up to over $700 on Finex, I decided to scrape together all the little bits of BTC that I have lying around, and cash them out...
.....a comination of around 21 confirmations later (over 2 transactions), and Finex registeres nothing to my account.
meanwhile, some whale drops 15K worth of market sells on Finex.
If I were the suspicious type, that also thought Bitfinex were basically a bunch of fucking crooks (which I am), then I would say that delaying registering BTC in accounts, is a deliberate blanket policy of Finex's, to allow them and their mates to dump, and to prevent Joe Public from dumping (and thus resulting in too much dumpage).
This market is fucking criminal, and run by fucking criminals.
.....a comination of around 21 confirmations later (over 2 transactions), and Finex registeres nothing to my account.
meanwhile, some whale drops 15K worth of market sells on Finex.
If I were the suspicious type, that also thought Bitfinex were basically a bunch of fucking crooks (which I am), then I would say that delaying registering BTC in accounts, is a deliberate blanket policy of Finex's, to allow them and their mates to dump, and to prevent Joe Public from dumping (and thus resulting in too much dumpage).
This market is fucking criminal, and run by fucking criminals.
Jump to: