Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 36. (Read 723903 times)

Yeah, what's the point of doing that?

This is nothing more than FUD.

A customer would gain nothing by wash trading, would end up paying two commissions, and the market would be unaffected.

BitCrypto’ed
Oct 21
Wash Trading Bitcoin: How Bitfinex benefits from fraudulent trading


https://medium.com/@bitfinexed/wash-trading-bitcoin-how-bitfinex-benefits-from-fraudulent-trading-8bd66be73215

Wash trading is an epidemic in the Bitcoin markets. For those that are not aware, a wash trade is where a person buys and sells to their own order.
For a more in depth explanation, see here.
From my very first post I’ve been warning about people wash trading.
Originally I presumed that wash trading was being performed by two accounts controlled by the same entity. However, I’ve been informed by reliable sources, and confirmation, that this is in fact, even easier than I thought.
New information was provided to me from some traders, and in my honest opinion only causes me to believe that this is even more likely a criminal operation.
I originally presumed it was two accounts because, no way in the world would Bitfinex allow trades between the same account. That would just be stupid of epic proportions…

https://www.bitfinex.com/posts/227

Update: U.S. Individual Users
October 16, 2017

This message is further to our announcement of August 11, 2017, with respect to terminating our business with U.S. individual customers. As indicated in the announcement, we are terminating trading, deposits, and withdrawal functionality for U.S. individual customers by no later than November 9, 2017. U.S. customers are already barred from receiving financing from other users on Bitfinex’s peer-to-peer financing platform. This restriction will remain and, in addition, U.S. individual customers will no longer be able to provide financing on Bitfinex effective November 9, 2017.

All U.S. individual users must make arrangements to withdraw their Digital Tokens by November 9th.

U.S. individuals holding Recovery Right Tokens (RRTs), if any, which relate to the exchange of now-defunct BFX tokens to equity in iFinex Inc., may, starting on October 27, 2017, sell all of their RRTs on the exchange, if they so elect. This is an exception to the general terms of use for RRTs. U.S. individuals are not permitted to buy RRTs during this time period. All terms and conditions relating to the sale of any RRTs remain in full force and effect and are deemed to apply to the sale of any RRTs by U.S. individuals or otherwise. Any RRTs remaining in the hands of U.S. individual verified customers after the November 9th deadline may be sold through Bitfinex on an OTC basis through special arrangement with us.

He is talking about a withdrawal, not about a deposit.
Bitfinex doesn´t allow you to choose your own withdrawal fee.

On an unrelated note BT2 futures dropped a whopping 40 % in the last 24 hours.
They are currently trading for roughly ~600$ / BT2.

Depends on the transaction fees you use. How much do you pay?

The getting stuck part is more Bitcoin's than Bitfinex' issue though...

Like 4 hours to get the withdrawal approved and it's been so far stuck for 4 more hours as an unconfirmed transaction. Great...

That's good to hear. Withdrawal problems are often a very bad sign.

No. I finally received an email and it has been approved.

Did you use this withdrawal address before? Did you change anything on your security settings in the last 5 days? I think either of those can slow it down and also if it's a very large amount.

Yes, there's nothing. A withdrawal request was cancelled a few minutes after opening it and now I'm not receiving any email for the a second request either.

Did you check your spam box?

Personally, I never had any issues with confirmation emails from Bitfinex unlike, say, Poloniex, which is famous for its shitty email service (and they have been caught lying in the past about the delays which were entirely their fault). Interestingly, about a week ago I received an email from the Bitfinex tech support team (about my ticket that I started a month or so ago), and they have been apologizing for the delays since they claim they had to hire more personnel due to the influx of new users (likely from Btc-e back then).

I'm trying to withdraw BTC but I'm not receiving a confirmation email to do so. First time this happens to me.

All the exchanges are sh*tty to a certain extent. I have found Bitfinex to be a bit less sh*tty than most of the others. Hopefully, this is something that will get better as crypto goes more mainstream in the future.

I suppose because of somewhat advanced tools (margin, leverage, lending etc) you don't find everywhere and because of liquidity.

Ente

Could you describe the problem in detail (very detailed, so support can direclty work on it)
If many users report the bug, maybe it will be taken serious.

why do you continue to use this shitty exchange?

The funding engine continues to have errors. Notably when you issue an auto renew, it doesn't always execute.  You can have money sitting around for a day (or who knows how long - as I manually re-issue the offers to fix it).  The funding engine has never worked perfectly since April 2011.  I file about three support tickets per year regarding ongoing funding engine issues.

I haven't examined funding interest, but it is interesting that two parts of the engine appear to be buggy.

Thanks Serpens66!

I don't think that this is my case. As I'm tracking wallet updates from the API as well, and only sending the next order with the available amount in balance at that moment.