[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 2.

TheQuin

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Freebitco.in Support https://bit.ly/2I9BVS2

Quote from: PrimeNumber7 on February 05, 2021, 10:18:40 PM

I am curious as to why it took them so long to do this considering they raised a billion dollars in early 2019 that I was under the understanding was going to be used to repay this loan.

Why does it make any commercial sense to pay back a loan before you have to?

PrimeNumber7

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Bitfinex announced today they have repaid the remaining $550 million balance of the loan they received from tether.

My guess is this has something to do with their pending deadline to have to produce documents to the NYAG. I am curious as to why it took them so long to do this considering they raised a billion dollars in early 2019 that I was under the understanding was going to be used to repay this loan.

patyomnes

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Automated crypto trading is currently a hot topic but many people do not know that Bitfinex has been had its eye on trade automation for years. The trading platform has a trading bot that was created by 3Commas and it can be customized to suit the trader’s strategy. Traders can use the bot for automatic buy or sell orders and they can even customize them to various order types.

deisik

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Quote from: ?? on ??

Quote from: PrimeNumber7 on August 05, 2020, 01:43:39 AM

Quote from: ?? on ??

Once again, Bitfinex officials proved that they did not throw their words to the wind and announced " $400 Million Reward to Return Stolen Bitcoin:". Good deal, isn't it? Interesting that hacker is eligible too. Does he have the courage to take advantage of this offer

The hacker giving the coin back to bitfinex would mean bitfinex would not corporate with law enforcement (to the extent they can) regarding the hack, and may allow the hacker to receive coin in bitcoin on their platform, which would allow the hacker to purchase a privacy centric coin that law enforcement would have difficulty tracing.

But that could be a trap to catch him and they already have a deal with law enforcement. IMO, hacker will be easier to track if he makes a contact though I don't think he will do that, 4 years is a big period to to conceive plenty of plots how to legalize stolen bitcoins

All of that assumes that the hacker was an outsider

But if it was an insider job or not a hack at all, 400M as a reward can be another little shenanigan on the Bitfinex part. The reward is too good to be true, honestly speaking, unless they have something else up their sleeve. Indeed, they won't tell what they are trying to achieve with this. However, why did they wait 4 years? For the dust to settle and cover up some touchy spots?

PrimeNumber7

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Quote from: ?? on ??

Once again, Bitfinex officials proved that they did not throw their words to the wind and announced " $400 Million Reward to Return Stolen Bitcoin:". Good deal, isn't it? Interesting that hacker is eligible too. Does he have the courage to take advantage of this offer

The hacker giving the coin back to bitfinex would mean bitfinex would not corporate with law enforcement (to the extent they can) regarding the hack, and may allow the hacker to receive coin in bitcoin on their platform, which would allow the hacker to purchase a privacy centric coin that law enforcement would have difficulty tracing.

Del137

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Quote from: mich on July 13, 2020, 01:21:22 AM

Bitfinex Lists Dogecoin After TikTok Fad Sends DOGE Price Over $0.005

Dogecoin sees fresh gains before correcting to $0.004 as Bitfinex appears to capitalize on TikTok excitement.

https://cointelegraph.com/news/bitfinex-lists-dogecoin-after-tiktok-fad-sends-doge-price-over-005

2 weeks later listing i still cant buy dogecoin from my bank card via your ownr gate....

figmentofmyass

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Quote from: garciarachel560 on July 16, 2020, 01:25:04 PM

Hello,

I'm new with Bitfinex and want to exchange from btc to monero and withdrawals monero, what is the limit per day untill will request verification?

nobody knows for sure. unless things have changed recently, bitfinex does not publish withdrawal limits, even for unverified accounts. that means your withdrawals are "unlimited"---that is, until your account activity triggers their internal AML controls:

Quote

As per our Terms of Service, we reserve the right to ask for KYC information at any point in time if your account activity raises flags.

it could be deposit/withdrawal volume that raises flags. it could be the source of your coins. it could be how you log in or where you log in from. nobody knows the exact mechanisms, and they are probably frequently changing too.

you just have to be aware that at any time, your coins could be frozen, and you might be subjected to KYC. thus you should minimize the amount you have on deposit at any given time, in case you aren't willing to verify and would prefer to lose the coins instead.

garciarachel560

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Hello,

I'm new with Bitfinex and want to exchange from btc to monero and withdrawals monero, what is the limit per day untill will request verification?

deisik

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Quote from: Sukrim on July 13, 2020, 03:10:10 AM

Is KYC now required for pure crypto accounts/transactions, especially withdrawals? Or is it still only forced upon you once you want a bank transfer?

No, it is not required

Just checked Litecoin withdrawals and nothing KYC-related came up. Actually withdrew some EOS a week or so ago, no questions had been asked. Usually, Bitfinex warns about introducing such features beforehand via email (e.g. when they made 2FA mandatory), and I didn't see anything to that effect recently, either

Sukrim

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Is KYC now required for pure crypto accounts/transactions, especially withdrawals? Or is it still only forced upon you once you want a bank transfer?

mich

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Bitfinex Lists Dogecoin After TikTok Fad Sends DOGE Price Over $0.005

Dogecoin sees fresh gains before correcting to $0.004 as Bitfinex appears to capitalize on TikTok excitement.

https://cointelegraph.com/news/bitfinex-lists-dogecoin-after-tiktok-fad-sends-doge-price-over-005

PrimeNumber7

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Quote from: malevolent on July 10, 2020, 11:13:16 AM

Quote from: birr on July 08, 2020, 02:06:07 PM

Has bitfinex turned into some kind of train wreck?

Were they ever a perfect exchange? Haven't used them in a long while now but they now not only ask for KYC but also about source of funds.

https://www.reddit.com/r/Bitcoin/comments/aw95wt/my_bitfinex_withdraw_is_locked_they_ask_me_the/

Could be the same thing here. Maybe try again or with a smaller withdrawal, if it doesn't then you probably have to contact them and see what they want from you.

But pages shouldn't take this long to load, try a different browser if it still runs like that.

Bitcoin has become mainstream enough so that major businesses that deal in large amounts of coin have to obtain KYC/AML information about customers who are dealing with large amounts. This is especially true for businesses who need to also use any part of the banking system, even indirectly.

Any business that looks the other way when it comes to money laundering is going to have difficulty staying in business and continuing to access the banking system.

malevolent

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Quote from: birr on July 08, 2020, 02:06:07 PM

Has bitfinex turned into some kind of train wreck?

Were they ever a perfect exchange? Haven't used them in a long while now but they now not only ask for KYC but also about source of funds.

https://www.reddit.com/r/Bitcoin/comments/aw95wt/my_bitfinex_withdraw_is_locked_they_ask_me_the/

Could be the same thing here. Maybe try again or with a smaller withdrawal, if it doesn't then you probably have to contact them and see what they want from you.

But pages shouldn't take this long to load, try a different browser if it still runs like that.

birr

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Bitfinex is scary. I haven't used the exchange in a long time. The other day I deposited some coin, did a little trading, and then tried to withdraw.
First of all, pages never load. I can sit waiting five or ten minutes, longer sometimes, it just never loads. So I refresh, or log out and log in again. Eventually, after much pain, the damn thing loads.
As an experiment I decided to open the withdrawal page again (or try to) and see how long it really takes: as I'm typing this, I've been waiting 20 minutes for the withdrawal page to load.
It isn't my wifi. My computer and browser work fine. Other web pages load quick.

So, about that withdrawal.
I got the email, confirmed the withdrawal, and waited. After a few hours no tx, so I logged in. My withdrawal shows as having canceled. And my balance is zero.
This is more than four btc we're talking about.

Has bitfinex turned into some kind of train wreck?

mich

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Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol

Veteran cryptocurrency exchange Bitfinex has announced an open-source peer-to-peer data streaming platform that will allow users to share media across a decentralized network.

https://cointelegraph.com/news/bitfinex-launches-open-source-crypto-powered-streaming-protocol

exstasie

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Quote from: mich on June 13, 2020, 02:12:10 AM

Data Appear to Contradict Bitfinex’s Dwindling Bitcoin Deposits Narrative

Bitfinex’s Bitcoin deposits diminished by 135,000 BTC and data appears to contradict the exchange’s rationale for this occurrence.

https://cointelegraph.com/news/data-appear-to-contradict-bitfinexs-dwindling-bitcoin-deposits-narrative

The arbitrage narrative is silly and wouldn't explain why two thirds of their cold storage has left the exchange. Those kinds of gaps normally fill quickly unless there is a deeper systemic withdrawal problem. Bitfinex prices have kept quite close to Bitstamp and Coinbase so I see no signs of that.

I'm not particularly alarmed. As expected, there was a huge exodus from both Bitmex and Bitfinex after the March crash. Extreme volatility and massive liquidations tend to have that effect on margin exchanges:

Quote

During the same time period, Bitcoin balances across other exchanges shrank by 315,000 BTC. Bitfinex’s share represents 43 percent of this decrease, and BitMex represents a further 31%. These two exchanges were responsible for nearly 75% of the trend.

The decline in cold storage across exchanges in general could also indicate that long term investors bought the dip in March and withdrew their holdings from exchanges.

mich

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Data Appear to Contradict Bitfinex’s Dwindling Bitcoin Deposits Narrative

Bitfinex’s Bitcoin deposits diminished by 135,000 BTC and data appears to contradict the exchange’s rationale for this occurrence.

https://cointelegraph.com/news/data-appear-to-contradict-bitfinexs-dwindling-bitcoin-deposits-narrative

microsurfer

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Quote from: mich on May 28, 2020, 12:43:29 AM

Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned

Tether volume is contantly growing of course they need to print more especially after bank card support on bitfinex

mich

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Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned

“It’s pretty clear that most of Tether is used on centralized exchanges, namely Huobi, Binance and Bitfinex. The constant movement back and forth between users and these exchanges reflects the fact that Tether is mostly used for arbitrage. Users can easily make a profit by buying from one exchange and selling on another for a higher price.”

https://cointelegraph.com/news/bitfinex-is-constantly-printing-more-tether-none-of-it-has-ever-been-burned

mich

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Bitfinex Derivatives Launches Bitcoin Dominance Perpetual Swaps

“Bitcoin has proven time and time again to be a safe haven for traders and it is continuing to be seen as digital gold. Since global markets crashed in March as the COVID-19 crisis took hold, we have seen a huge increase in trading volume, reaching over $2B over a 24-hour period during the crash on March 13th. We believe the demand will still be there after the halving whilst the supply will be halved."

https://cointelegraph.com/news/bitfinex-derivatives-launches-bitcoin-dominance-perpetual-swaps

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