Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 226. (Read 723903 times)

I use the notify feature every time when i trade or offer swaps! To be honest, I can't imagine that someone is not using it.
Especially for providing liquidity via swaps it's vital! Example: I place an offer, duration 3 days. It gets taken.
How can I know that my swap is still running if there's no notification and without checking the site constantly?
This wouldn't be such a problem if swaps couldn't get canceled any time. Don't get me wrong, liquidity takers should be able to
cancel their swaps! But the person that offers the swap should know about that! Otherwise it's not unlikely that I check the site
after 3 days to renew my swap, but I notice that the swap only ran 5 hours because it got canceled 
I could of course check the site constantly, but that would be very tedious. Another option would be to use the autorenew feature.
But I avoid using it, because I think it's only useful if you use it with Flash Return Rate - which gives much less return.

With that said, I would be very disappointed if the notify feature gets removed!

??
new add fee=??? --> is it a fee for placing a limit order? is it applied to market orders too? or is it a fee for a buy beeing executed?
new remove fee=??? --> is it a fee for canceling a limit order?  or is it a fee for a sell beeing executed?

is the current fee removed alltogether? so that the new fee for the lowest volume traders per "pair" (as you call it) would be 0.3%??
if it is 0,3% wouldnt it be logical to re-enable the "route to bitstamp" feature? cause that way it means: no routing, but the higher fee that used to be applied for routed orders?

if above=yes:
 doesnt this fee structure lead to high volume traders beeing able to trade smaller spreads than lower liquidity traders, though making it possible for whales to leech on
smaller fish?


you really DOUBLE your fees ?? do we see 1:8 leverage  too ?

Overall I also like the changes, but as with the poster above, I would also request you do not remove the notify feature as I use it on all big swaps I offer.

Look forward to see how the changes effect trading and swaps.

Peace.

Please do not remove the Notify feature. If you want a clean interface, how about a drop down menu with multiple options: Cancel, Notify, Etc.?

I use the Notify feature all the time and it works perfectly for me.  It's great to know when a Limit order hits, or when I receive the swap I want.

Also, when I want to trade with funds that are being provided in swap, it is nice to know when the money becomes available to trade with.

I doubt I am the only one that thinks the Notify feature is highly useful, and unique.

I know I don't "get a vote", but anyone else, please comment if you use/like the (awesome) Notify feature.

Thanks.

I thought cloudflare is more of a cdn (content delivery network) then it is for ddos. Which mirrors your content on servers across the globe great for news sites but doesn't help much for a realtime interactive site with a database.

Overall, I like these changes, which sound like a platform evolving into maturity.

One thing: would you be open to capping the transfer fee at, say, 100$/transfer?

Changes on Bitfinex

Dear Customers,

In our ongoing effort to deliver the very best in cryptocurrency trading, Bitfinex is pleased to announce several changes and enhancements that will be effective on March 15th 2014 at 24:00:00 UTC.

New Commission Structure:

We have decided to adjust the commission structure to reward traders that “add liquidity” to the order book. This so-called “maker/taker” pricing strategy is a common feature in capital markets around the world and we believe that implementing such a strategy is in the interests of Bitfinex and its traders. We consider this change to be somewhat experimental and we will act quickly to make any necessary adjustments should it prove to be disruptive. The new fee structure will be as follows:

BTC/LTC Executed in Last 30 Days ******* Current Fee **** New Add Fee ***** New Remove Fee

Less than 500 ******************************* 0.15% ********* 0.10% ************ 0.20%
500 or more, but less than 2,000 ************ 0.14% ********* 0.08% ************ 0.20%
2,000 or more, but less than 5,000 ********** 0.13% ********* 0.06% ************ 0.20%
5,000 or more, but less than 15,000 ********* 0.12% ********* 0.04% ************ 0.20%
15,000 or more, but less than 25,000 ******** 0.11% ********* 0.02% ************ 0.20%
25,000 or more ****************************** 0.10% ******** 0.00% ************ 0.20%

Please note the following:

Our highest applied fee (0.2% for liquidity removers) is the lowest in the market.
Traders in the top tier trade commission free when adding liquidity.
This change in pricing structure is designed to be revenue neutral to Bitfinex on an average per BTC basis.
We will be revisiting the 30 day volume brackets in the coming weeks in an effort to create a smoother tier system.

New Banking Fees:
We have resisted making changes to our fiat banking policy, but we can no longer continue to absorb the increasing costs of maintaining multiple banking relationships around the world. As such, we are imposing a 0.10% fee on all withdrawals and deposits, subject to a $20 minimum. These fees are still amongst the lowest in the industry and we believe that this new fee structure represents a sustainable fiat banking model as we continue to grow. We are also proud to be one of the fastest platforms in withdrawals, with an average waiting time of 2.37 working days for our customers. This will remain unchanged. Express withdrawals fees (within 24 hours) will stay at 1%.

Removal of Notify Option:
The “notify” feature available when placing orders or liquidity offers is being removed as it is almost never used and doesn’t actually work very well in certain circumstances. We are, in general, always looking to simplify our interface and prune features that no one uses or may no longer be relevant, paving the way for us to add new features to a clean and uncluttered interface.

Removal of Swap Insurance Option:
We are eliminating the swap insurance options for traders offering liquidity. The model of an insurance “pool” only works if the pool size is significant relative the size of the swap market itself, which, at ~$54k it is not.

Change in Swap Policy:
Another reason for removing swap insurance is that we have decided to effectively insure all swaps on the platform. Our order book depth and increased volume over the last several months has created an environment where we are comfortable in managing the risks associated with forced liquidations. Although we have a greater comfort level, it does not mean that such insurance is not without risks to the firm’s reserves. As such we are increasing our fee on the swaps from 10% to 15%. We believe that this is a small price for liquidity providers (instead of the previous 30% insurance option) to have greater certainty and comfort during times of increased volatility.

Change in Claim Position Feature:
In an effort to create greater interoperability between swap and cash positions, we will be allowing greater flexibility in the “Claim Position” feature for open swap positions. Previously, this feature allowed a trader to convert an open swap position into the underlying cash position only if the open P&L in the position was in excess of the swap balance, which essentially limited the use of this feature to positions with enormous positive open P&L. Going forward, this feature will also check for any excess balance in the trading wallet, effectively allowing a trader to “de-lever” their swap into the underlying fiat and cryptocurrency balances, provided, of course, that the trading wallet has sufficient funds to allow for this. This change will be particularly useful for traders would normally prefer to trade on the cash exchange, but are waiting for additional funds (wire transfer) to credit before they can trade. Now that same trader has the ability to temporarily trade on a leveraged basis and subsequently “de-lever” the position when the funds are credited to the account. This change will also allow traders to “fix” their positions, who may have inadvertently opened a position in the trading wallet instead of the exchange wallet. Please note that cost of using this feature (trade commission on underlying position) remains unchanged.

Best regards
The Bitfinex Team

See here and here how claim function works. Hope it helps!

How too keep my brought BTC in margin trading?

I brought BTC in margin trading. But I can only close the transaction by sell it out. I want to keep the BTC I bought. How to do that? I click claim button, but I only get the warning message "You can only claim your position once you have enough profit to cover the borrowed margin and the swap",  I have money in my trading wallet. Why can't I take some loose to keep the brought BTC?


How to do that?

your missing interests will be credited in a few hours together with the ones of today (when this happens the interests are always coming cumulated the next day).

We apologize for the inconvenient.

Thanks and have a good day

Giancarlo
Bitfinex Team

I know, but the yesterdays missing....

I got mine, the next ones are due in 4 hours.

Is here anyone else who didn't get interests today? I lend ca. 20000 USD and i did'nt get any interests for yesterday....

Intaresting!
The question is, will the next models be larger or smaller than Gayoon?

Ente

Update from Cryptotrader.org thread:

Worked just fine for me

Am I the only one having some login difficulties?  (I can get online, but not through the login button of the home page)

They are not using Cloudflare now. They have switched to Incapsula for some time.

will u guys chooose http://www.prolexic.com/ as your DDOS provider? because they said cloudflare is not as strong..

FIY, in case someone didn't see already, it's back to "daily swap rate"
Probably just a glitch.

Ente