bitfinex.com Margin lending. | Bitcointalksearch.org

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: Quickseller on December 13, 2015, 07:08:37 PM

Quote from: biggbox on December 13, 2015, 07:00:06 PM

Quote from: Quickseller on December 13, 2015, 11:56:14 AM

"FRR" is "Flash Return Rate" and is the rate you should expect to receive on larger loans.

"Hidden" means that your loan offer/request is not shown in the order book.

"Count" is the number of BTC that is being offered/requested (or the number of US$ if you are looking at that order book)

@Quickseller

Thanks. I intend to try out their margin lending. Are there any limitations such as submissions of IDs for transacting a certain amount? I don't intend to touch fiat at the moment, but pure crypto.

The only limits that I am aware of is that you cannot withdraw more then 200BTC in a 24 hour period. However any withdrawal requests above this threshold will be processed, but you just need to wait a day or so for an admin to review the request to make sure your account actually has the BTC that you are attempting to withdraw (I think this is what they are checking for).

Thank you @Quickseller for the quick responses. Will explore bitfinex further. Looking at current hashing difficulty, it is inevitable Bitcoin users will find other ways to grow their coins.

Quickseller

copper member

Activity: 2926

Merit: 2348

Quote from: biggbox on December 13, 2015, 07:00:06 PM

Quote from: Quickseller on December 13, 2015, 11:56:14 AM

"FRR" is "Flash Return Rate" and is the rate you should expect to receive on larger loans.

"Hidden" means that your loan offer/request is not shown in the order book.

"Count" is the number of BTC that is being offered/requested (or the number of US$ if you are looking at that order book)

@Quickseller

Thanks. I intend to try out their margin lending. Are there any limitations such as submissions of IDs for transacting a certain amount? I don't intend to touch fiat at the moment, but pure crypto.

The only limits that I am aware of is that you cannot withdraw more then 200BTC in a 24 hour period. However any withdrawal requests above this threshold will be processed, but you just need to wait a day or so for an admin to review the request to make sure your account actually has the BTC that you are attempting to withdraw (I think this is what they are checking for).

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: Quickseller on December 13, 2015, 11:56:14 AM

"FRR" is "Flash Return Rate" and is the rate you should expect to receive on larger loans.

"Hidden" means that your loan offer/request is not shown in the order book.

"Count" is the number of BTC that is being offered/requested (or the number of US$ if you are looking at that order book)

@Quickseller

Thanks. I intend to try out their margin lending. Are there any limitations such as submissions of IDs for transacting a certain amount? I don't intend to touch fiat at the moment, but pure crypto.

Quickseller

copper member

Activity: 2926

Merit: 2348

"FRR" is "Flash Return Rate" and is the rate you should expect to receive on larger loans.

"Hidden" means that your loan offer/request is not shown in the order book.

"Count" is the number of BTC that is being offered/requested (or the number of US$ if you are looking at that order book)

biggbox

sr. member

Activity: 448

Merit: 250

Quote from: Quickseller on December 13, 2015, 11:04:03 AM

You lend your BTC and/or fiat then such money is used to either sell BTC short of buy BTC that they otherwise would not be able to purchase. In the event that the borrower's account has too little equity then bitfinex will force liquidate the position at the best available price. When the loan is repaid, you will receive the principle plus interest back, with bitfinex keeping a certain percentage of the interest.

Thanks @Quickseller. Yes. I roughly understand the concepts. But I am overwhelmed by the user interface. If possible and if that is not too much to ask for, are you able to give a brief overview on its interface and its feature? Huh

Thanks! [Screenshot attached below]

What is FRR
What does Hidden means?
What is "count"?

amacar2

legendary

Activity: 1120

Merit: 1008

CryptoTalk.Org - Get Paid for every Post!

Did anybody have given or taken loan there? I am on bitfinex but i was not aware of that function there. It will be good to see some review before lending there.

Quickseller

copper member

Activity: 2926

Merit: 2348

You lend your BTC and/or fiat then such money is used to either sell BTC short of buy BTC that they otherwise would not be able to purchase. In the event that the borrower's account has too little equity then bitfinex will force liquidate the position at the best available price. When the loan is repaid, you will receive the principle plus interest back, with bitfinex keeping a certain percentage of the interest.

biggbox

sr. member

Activity: 448

Merit: 250

Hi. Can anyone give a simple explanation how bitfinex.com margin lending works? The interface is mind dazzling. Thanks

Topic: bitfinex.com Margin lending. (Read 481 times)