Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 218. (Read 723903 times)

awesome, thank you!!

Everyone owning an Android Device might find the BfxData app I just released a useful tool for their trading on bifinex.



You can download the app in the Play Store for free: https://play.google.com/store/apps/details?id=com.charts.bfxdataapp

Bjorn

I just want to leave that here:

Bitfinex you´re offerin by far the best trading engine/interface for Bitcoin, especially with all your improvements in the last weeks!
Keep up the good work!

Noticed that today also, trying to trade 100~200 litecoins as a market maker is a challenge(even when you are next in line!). Price was sometimes off compared to btc-e by 30 cents.

Why is the Spread on LiteCoin
So huge at BitFinex compared to Btc-e
which is on average .02 cents,
whereas ltc at BitFinex is as high as .14 cents ?

Is the Liquidity of LiteCoin really that thin at BitFinex ?


Other Traders at http://TradingView.com
Are complaining about it, that's how it was
brought to my attention and it's true.

In their words, "That's why I don't Trade LiteCoin at BitFinex",
that was after I extended a invitation to them to give BitFinex a try.

They said that there are times even when their "Market Orders"
hit "Thin Air" at BitFinex for LiteCoin.

And Raphael also yesterday added FRR offers and demands to the lendbook api channel, you missed that one in your last post Raphael 

I like those news.

I still suggest to publish all "rule changing" directly when logging into an account. Not everybody follows this thread.

Ente

Hello everyone,

In case you missed it, we have completely reviewed the "Claim" feature. You can now use this feature to settle any margin position with your own funds.

For example, if you have a short for 10 BTC, you can deposit 10 BTC (more to account for swap) and hit the claim button to have the USD of the position (base price * position size) credited on your account and the 10 BTC + swap charged.
This is similar with long positions, with the additional possibility to use position realized profit to settle the position.

And with all of this, we reduced the "Claim" fee to 0.2%, which is a very sweet deal, especially for big position that could otherwise endure slippage.

Furthermore, regarding hidden orders, let me repeat that a hidden order pays the taker fee, and that if you place a limit order that hit a hidden one, you will pay the maker fee.

The new schedule is not meant to increase your fees but change the incentives, so as oyvinds said, depending on your trading habit you can end up paying more fees. However we do believe that this encourages you to place more sensible orders (which however is not our business), with the additional benefit of deepening our orderbook (which on the other hand is crucial for us).

Regarding the streaming API we are sorry to keep you waiting. We will implement this after changing the internal architecture of our trading engine, which is a long shot.

In the meanwhile, more enhancements are on the way.

Have a good day
Raphael
Bitfinex team

Lending is atomic to 1 hour increments - if you borrow for 0-60 minutes, you pay 1 hour, 61-120 minutes 2 hours etc.

Interest that was generated in the past 24 hours is paid to lenders at midnight, UTC. Borrowers pay the interest when closing their position, until then it is just displayed as fee to them.

the latter

have a good day

Giancarlo
Bitfinex Team

Edit:

Answered my own question. There was a small negative USD balance (<0.01) on one of my wallets that I had to correct before making a withdraw.

Is the min lending time 1 day?
If I borrow 1000 usd for 2 hours , I need to pay 1 day interest or 2/24 of 1 day interest?

WOW, really very good!

May he is Mark Karpeles

This is actually exactely what i was looking for! Good decision!

Regards

Hidden orders pay the market taker fees (0.2%).
When you fill a hidden order you are charged a market maker fee, so your allegations are not true.

Giancarlo
Bitfinex Team

When you hit a hidden order you become a market maker as hidden orders are always treated as market takers.

I hope this help

Giancarlo
Bitfinex Team

Not much really,
when one thinks about it:

0.05% More

Equal to Btc-e standard charge,

Not thrilled about it, but it is what it is.


Appears with the slow market,
That BitFinex also needs addition revenue streams.


Market Orders
Stops closed at market
Exiting the Market at Market

They all get the same treatment.

I have to say, with the new fee system, the hidden orders might be a problem. What if you think you just post a bid very close to the lowest ask but due to a hidden order your order is a taker order?

All of us are paying 0.2% fee for the $563 hidden order, who know the amount? seems more than 1000BTC?

http://i62.tinypic.com/119uude.jpg