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Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 40. (Read 723861 times)

copper member
Activity: 2996
Merit: 2374
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?
Yes.
Are you sure?
https://www.bitfinex.com/posts/216
It is not 100% clear in their statement, but they write:
Quote
Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers.
For me this sounds like US customers won't be able to do anything at bitfinex ?!
I am sure. They are referring to verified US customers. Verified corporate customers within the US and unverified customers can still use their platform.
legendary
Activity: 1806
Merit: 1521
And I don't think that they will be wasting these years either ("once bitten, twice shy"). Personally, I'm more inclined to think that it will be a lot harder for the FBI to bring the new exchange down in the future than it was today. Why so? Because the Feds won't be able to think up something really refreshing ("you can't teach the old dog new tricks"), while the exchange can just place their servers near Moscow (once Bitcoin status is made clear in Russia) and write off the FBI and their East European minions as MIA

Maybe, but personally I tend to agree with the sentiment that US agencies place "saving face" very high on their priority list. I hope that BTC-e does not offer fiat capabilities on their new site, to minimize exposure to intervention by the USA. If they operate as a crypto-only exchange, then it's possible that no funds are at risk at all. Just servers, user data, shell companies and the money it takes to set up and maintain that infrastructure.

But I wouldn't count on Moscow to be in BTC-e's corner. Or whatever brand they relaunch as. Moscow is very busy banning every Bitcoin exchange they can find, while Russian regulators recently suggested increasing restrictions on investment into cryptocurrencies. Even ignoring all that, the FSB/tax authorities see BTC-e much like the Americans do. They could never set up shop in Russia at this point. Not if they are smart, and I believe they are.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?

well it's pretty obvious why. Nobody wants to have feds on their toes. Better to get rid of minority of the users and serve rest of the planet than be seized by global policeman as btc-e was.

I simply agree with that

But, on the other hand, Btc-e had started payouts two days ago, and some folks confirmed that they have already received 55% of their of funds in crypto to their wallets (I mean those who decided to call it a day). The rest are given Btc-e tokens (just like Bitfinex did a year ago) for the remaining 45% of their total amount, and it looks like the exchange is going to resume its operation pretty soon despite all the efforts of the FBI and FinCEN. I guess it will be an interesting drama to see the FBI falling flat on their face. As they say, show must go on!

It's definitely embarrassing for the Feds, we can see that much. Just the fact that they are doing 55% refunds currently is a huge blow to the image of US law enforcement. Relaunching the exchange will be that much more embarrassing.

But that will also up the ante for the Feds. Give it 1-2 years of investigations, and they will bring the new exchange down much harder than before. So, hopefully, people get most of their money paid back and can reduce their holdings on the exchange by then

But it works the other way too

And I don't think that they will be wasting these years either ("once bitten, twice shy"). Personally, I'm more inclined to think that it will be a lot harder for the FBI to bring the new exchange down in the future than it was today. Why so? Because the Feds won't be able to think up something really refreshing ("you can't teach the old dog new tricks"), while the exchange can just place their servers near Moscow (once Bitcoin status is made clear in Russia) and write off the FBI and their East European minions as MIA
sr. member
Activity: 251
Merit: 257
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?

well it's pretty obvious why. Nobody wants to have feds on their toes. Better to get rid of minority of the users and serve rest of the planet than be seized by global policeman as btc-e was.

I simply agree with that

But, on the other hand, Btc-e had started payouts two days ago, and some folks confirmed that they have already received 55% of their of funds in crypto to their wallets (I mean those who decided to call it a day). The rest are given Btc-e tokens (just like Bitfinex did a year ago) for the remaining 45% of their total amount, and it looks like the exchange is going to resume its operation pretty soon despite all the efforts of the FBI and FinCEN. I guess it will be an interesting drama to see the FBI falling flat on their face. As they say, show must go on!

It's definitely embarrassing for the Feds, we can see that much. Just the fact that they are doing 55% refunds currently is a huge blow to the image of US law enforcement. Relaunching the exchange will be that much more embarrassing.

But that will also up the ante for the Feds. Give it 1-2 years of investigations, and they will bring the new exchange down much harder than before. So, hopefully, people get most of their money paid back and can reduce their holdings on the exchange by then.
full member
Activity: 188
Merit: 110
So can we still use it with btc or no? Cheesy
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?

well it's pretty obvious why. Nobody wants to have feds on their toes. Better to get rid of minority of the users and serve rest of the planet than be seized by global policeman as btc-e was.

I simply agree with that

But, on the other hand, Btc-e had started payouts two days ago, and some folks confirmed that they have already received 55% of their funds in crypto to their wallets (I mean those who decided to call it a day). The rest are given Btc-e tokens (just like Bitfinex did a year ago) for the remaining 45% of their total amount, and it looks like the exchange is going to resume its operation pretty soon despite all the efforts of the FBI and FinCEN. I guess it will be an interesting drama to see the FBI falling flat on their face. As they say, show must go on!
sr. member
Activity: 251
Merit: 257
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?

well it's pretty obvious why. Nobody wants to have feds on their toes. Better to get rid of minority of the users and serve rest of the planet than be seized by global policeman as btc-e was.

Indeed but it's too little too late. They've been an unlicensed MSB for 4 years now in the states, including offering fiat markets and fiat deposit/withdrawal. Plus, the BFX token thing was definitely issuing unregistered securities. They can't erase all that just by pulling out of the market now. The Feds are probably investigating them as we speak.
full member
Activity: 182
Merit: 100
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?

well it's pretty obvious why. Nobody wants to have feds on their toes. Better to get rid of minority of the users and serve rest of the planet than be seized by global policeman as btc-e was.
sr. member
Activity: 251
Merit: 257
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?

You might be able to make an account, but it will be closed in the next couple months. Just use a non-US VPN. It's not like they have fiat capabilities anyway. Just deposit/withdraw crypto and act like an unverified non-US customer.
full member
Activity: 188
Merit: 110
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink

As Serpens stated, I kinda felt like they don't want us in any form. It seems like they are discontinuing services to their existing U.S customers.

Anyone asked this to bitfinex by any chance?
legendary
Activity: 2940
Merit: 1131
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?
Yes.
Are you sure?
https://www.bitfinex.com/posts/216
It is not 100% clear in their statement, but they write:
Quote
Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers.
For me this sounds like US customers won't be able to do anything at bitfinex ?!
legendary
Activity: 2618
Merit: 1007
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?

Seems like you answered your own question there already... Wink
copper member
Activity: 2996
Merit: 2374
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?
Yes.
full member
Activity: 188
Merit: 110
So as an US resident, I understand that we can't send them FIAT. However, can we still send/withdraw in a form of BTC?
copper member
Activity: 2996
Merit: 2374
Has anybody an idea why bfxdata.com shows more than 163 million $ as the total sum of margin funding
while bitfinex.com/stats shows "only" 159 million $?
I had the impression that bfxdata was pretty reliable as a source of Bitfinex related information in the past.

By the way, the increase in margin funding during the current bullrun looks really impressive if you
compare it with historical margin funding levels of 1-2 years ago  Grin
https://www.bfxdata.com/swaphistory/usd

I just checked and the USD swaps on BFXdata.com matches that as displayed on bitfinex.com/stats

If you are looking at charts on bfxdata I don't think the charts are 100% to the second live for swaps and will only capture data points every time.
sr. member
Activity: 658
Merit: 282
Has anybody an idea why bfxdata.com shows more than 163 million $ as the total sum of margin funding
while bitfinex.com/stats shows "only" 159 million $?
I had the impression that bfxdata was pretty reliable as a source of Bitfinex related information in the past.

By the way, the increase in margin funding during the current bullrun looks really impressive if you
compare it with historical margin funding levels of 1-2 years ago  Grin
https://www.bfxdata.com/swaphistory/usd
newbie
Activity: 6
Merit: 0
newbie
Activity: 11
Merit: 0
It is being addressed, please check https://bitfinex.statuspage.io/ for updates
full member
Activity: 182
Merit: 100
I was logged off and now I can't log in...
is anybody experiencing the same?


upload image
newbie
Activity: 21
Merit: 0
EDIT: SOLVED!

Hello, please help.

Out of nowhere, -11.12 BTC appeared in my Margin wallet on Bitfinex.

I had no losing position of this size. Last position I closed was 0.168 btc short.
Maybe the loss/fees were -$11.12, but BFX charged me -11.12BTC?

Proof: http://imgur.com/a/LgG2k


On my phone Bitfinex app displays every executed order. Within 2 minutes of being robbed, this -11.12 BTC disappeared and equal amount of money was deducted from my BCH holdings to cover for this BTC theft. Account has been halved!

A year ago I had similar problem with Display bug where lending fees were charged in BTC instead USD, luckily Zane Tackett solved this within hours and credited me back. But he does not work for BFX anymore.

Best Regards
Ticket #413485

Please, upvote and share, to help reach BFX and fix this bug
https://www.reddit.com/r/bitfinex/comments/6wyku1/11_btc_put_into_my_margin_wallet/
https://twitter.com/marcelv3612/status/902861255806902272
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