Bitfinex: Minimum amount to trade | Bitcointalksearch.org

orarider

sr. member

Activity: 575

Merit: 250

Quote from: _Nox_ on August 21, 2017, 05:48:59 AM

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

There is not a good amount for you to trade. However, one thing you should keep in mind, the transaction fee is 1%, so once you trade, you have to make sure the profit you get is greater than 1%.

_Nox_

newbie

Activity: 8

Merit: 0

Quote from: magneto on August 21, 2017, 05:52:19 AM

Quote from: _Nox_ on August 21, 2017, 05:48:59 AM

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

Please move this to service discussion -> exchanges because trading discussion is about actual trading, not trading platforms.

To answer your question as per my experience(and confirmed by their support FAQs) the minimum for trading is 0.01 BTC per order. It is much higher than most other altcoin exchanges which means that you might want to find somewhere else to exchange if you have a smaller amount.

For all the other altcoins apart from BTC, the minimum order size is 0.1 of whichever coin you are trading in.

Hope this helped.

Thanks for your reply.
Damn, that's too much... i just have little satoshis from faucets... How can i earn 0.01 BTC without using my fiat? ._.

magneto

hero member

Activity: 1666

Merit: 753

Quote from: _Nox_ on August 21, 2017, 05:48:59 AM

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

Please move this to service discussion -> exchanges because trading discussion is about actual trading, not trading platforms.

To answer your question as per my experience(and confirmed by their support FAQs) the minimum for trading is 0.01 BTC per order. It is much higher than most other altcoin exchanges which means that you might want to find somewhere else to exchange if you have a smaller amount.

For all the other altcoins apart from BTC, the minimum order size is 0.1 of whichever coin you are trading in.

Hope this helped.

_Nox_

newbie

Activity: 8

Merit: 0

Hi all, newbie here.
Can't find out if there is a minimum amount of BTC required to start making exchange limit orders on bitfinex... can you help me?

Topic: Bitfinex: Minimum amount to trade (Read 884 times)