is bitfenex a scam | Bitcointalksearch.org

emmablue

newbie

Activity: 34

Merit: 0

Yes! Thank you so much for the info Samarkand! I havent checked out Quoine yet, and I will try to sign up. I don't mind to do KYC, but just troublesome as I travelled so much. It took me a while to compile all the document for the address prove and ID, etc.

Anyways, thanks a lot Samarkand! You are definitely very helpful.

Quote from: Samarkand on June 05, 2018, 12:08:50 PM

Quote from: emmablue on June 04, 2018, 10:20:56 PM

...
Anyone know any exchange which can lend out USD without KYC? Thanks!
...

I assume that you intend to do margin lending with your USD?

If this is indeed your aim, you will have trouble finding an exchange
that allows users to use margin lending with USD without completing
KYC. I´m only aware of Bitfinex, Poloniex and Quoine that offer this feature
and all of these require you to complete KYC (Poloniex introduced mandatory KYC just
a month ago...).

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: emmablue on June 04, 2018, 10:20:56 PM

...
Anyone know any exchange which can lend out USD without KYC? Thanks!
...

I assume that you intend to do margin lending with your USD?

If this is indeed your aim, you will have trouble finding an exchange
that allows users to use margin lending with USD without completing
KYC. I´m only aware of Bitfinex, Poloniex and Quoine that offer this feature
and all of these require you to complete KYC (Poloniex introduced mandatory KYC just
a month ago...).

emmablue

newbie

Activity: 34

Merit: 0

Oh, thanks Samarkand! This is awesome news. 1000USD is much better, great news! Thanks again!

I was trying to sign up last week, and was stuck with the KYC process. Anyone know any exchange which can lend out USD without KYC? Thanks!

Quote from: Samarkand on May 31, 2018, 05:37:26 AM

Quote from: emmablue on May 31, 2018, 05:30:28 AM

I don't think it is a scam, but it require a minimum account equity of 10,000 USD to open the account, which is a huge amount. I think you have to reach the minimum equity requirement, then the functions will be available to you. ...

They recently removed this requirement and lowered the minimum account
deposit to 1000 $.

https://www.bitfinex.com/posts/243

Quote

Announcements > Lowered Equity Minimum and New Token Listing April 07, 2018
We are very pleased to announce that the equity amount for new traders has been lowered from 10,000 to 1,000 USD equivalent.

The 10000 $ minimum for new accounts was a temporary measure and I suspect
that they could see after some time that this requirement deterred too many retail customers.

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: Luke007 on January 20, 2018, 03:42:43 AM

I have heard some bad things about bitfenex are they a scam and has anyone signed up and had issues?

There are few characteristics that are very much necessary for any exchange to work. There are many international exchanges that provides people services and millions of people are linked with it like bitrex, bitfinance, zappay etc. the things required for proper working of any exchange is proper regulating body, should not exploit its customers in any way, low transactions fee and the most important is transparency and I never faced but I heard that there is a problem of transparency with bitrex

richan

member

Activity: 392

Merit: 11

You have heard but not use it so why do you conclude that if bitfinex is a scam. It has been in the exchange market for many years and has a high reputation among traders. I don't ever think anyone has been scam by bitffenex before.

hamim18

newbie

Activity: 51

Merit: 0

Bitfinex is one of the largest crypto exchange platforms. Although I do not use it, I have Bittrex & Binance,Till now I didn't heard anyone calling it a scam. I wanna to know why you telling like this.Do you heard any negativity?

boakyei

member

Activity: 358

Merit: 11

Bitfenex is the few exchnage that I trust and can confidently leave my funds on . The volume and liquidity on their platform is huge and their presence in the market for too long make I doubt if it is scam.

Dmitry.Vastov

hero member

Activity: 840

Merit: 520

Quote from: Luke007 on January 20, 2018, 03:42:43 AM

I have heard some bad things about bitfenex are they a scam and has anyone signed up and had issues?

I am a part of bitcoin by working on a survey campaign on which a write for them and get payment and I am not sure whether bitfinance is scam or not because I never used it but I heard about it from the people that the problem that people are facing with bitfinance and other exchanges also that they are not transparent. Other exchanges are also giving problems like high transaction fee, not being transparent and even exploiting customers rights.

Safebit.io

jr. member

Activity: 50

Merit: 9

This big issue with Bitfinex is their association with USDT, which is currently in question because they are not being transparent with their reserves.

Otherwise, I've never had issues with Bitfinex.

Samarkand

sr. member

Activity: 658

Merit: 282

Quote from: emmablue on May 31, 2018, 05:30:28 AM

I don't think it is a scam, but it require a minimum account equity of 10,000 USD to open the account, which is a huge amount. I think you have to reach the minimum equity requirement, then the functions will be available to you. ...

They recently removed this requirement and lowered the minimum account
deposit to 1000 $.

https://www.bitfinex.com/posts/243

Quote

Announcements > Lowered Equity Minimum and New Token Listing April 07, 2018
We are very pleased to announce that the equity amount for new traders has been lowered from 10,000 to 1,000 USD equivalent.

The 10000 $ minimum for new accounts was a temporary measure and I suspect
that they could see after some time that this requirement deterred too many retail customers.

emmablue

newbie

Activity: 34

Merit: 0

I don't think it is a scam, but it require a minimum account equity of 10,000 USD to open the account, which is a huge amount. I think you have to reach the minimum equity requirement, then the functions will be available to you. It is a huge investment, but I dont think it is a scam though. Anyone has experience using bitfenex?

xXLimbXx

full member

Activity: 336

Merit: 100

I dont think it is a outright scam but it could get a big hit in case Tether turns out to be a scam. Time will tell...

weeklyeth

newbie

Activity: 168

Merit: 0

bitfinex is next mtgox

Nivir

hero member

Activity: 868

Merit: 506

I have a Bitfinex account too although I stopped using it lately due to current Bitcoin price situation. I didn't cast my vote since there were past hackings and some accusations with Bitfinex. Still I say it is reliable and better than some of those smaller exchanges. Just don't make it as your savings bank. Only put amounts you use in trading.

mariadifreschetti

newbie

Activity: 5

Merit: 0

I don't really think Bitfinex is a scam...

Bodiul1975

newbie

Activity: 36

Merit: 0

I do not think of betfencie chalcchari, if you break the Bitcoin dollars, then you have to spend bitfinancial or scam many times. I do not want to read this one at a time. I understand the change in the currency in the good company.

Fundamentals Of

sr. member

Activity: 2380

Merit: 366

Quote from: Luke007 on January 20, 2018, 03:42:43 AM

I have heard some bad things about bitfenex are they a scam and has anyone signed up and had issues?

I guess if you are here in this forum for quite a while and have already read a great deal of comments about exchanges, you must have heard a lot of negative comments of all exchanges, major or small. Bittrex is one highly trusted exchange and yet there are still negative comments about it. Same goes to Poloniex. And then the same goes to Bitfinex as well as to HitBTC, Binance, Cryptopia. There will always be some people who tend to focus on the negative side of things. Bitfinex for me is one fine exchange platform.

CryptoChanel

member

Activity: 102

Merit: 12

The poll is indicating that the majority of the people is answering YES to this question. This is certainly worrying, because should Bitfinex ever collapse, the price of Bitcoin would drop considerably - for a while.

AleksandrKosov

member

Activity: 140

Merit: 12

PITCH – THE FUTURE OF OPPORTUNITY

Quote from: Luke007 on January 20, 2018, 03:42:43 AM

I have heard some bad things about bitfenex are they a scam and has anyone signed up and had issues?

So you can talk about each exchange. Bitfinex is always in the top 3 exchanges for daily volume and almost always the biggest bitcoin volumes go exactly on bitfinex. This exchange is not a scam. This is a golden chicken for the owners of the exchange.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Well not all systems are very stable and there can always be an error regarding the exchange, withdrawals, even in depositing your money with bitfinex but I think all of these are just errors from their system and the number of users had congested their system if you check their twitter page you can see that they are still updating and maintenance are always their solution to all problems that they have, they sure are shady and risky to let them held your coins and dothebeats can be right that hackers are attacking bitfinex so you better take a step in withdrawing your coins before its too late.

Topic: is bitfenex a scam (Read 324 times)