Should I withdraw my coins from Bitfinex?

gotmilk_

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Quote from: var53 on September 19, 2015, 12:23:53 PM

Quote from: gotmilk_ on September 17, 2015, 08:36:09 PM

If anyone missed that:
https://www.reddit.com/r/BitcoinMarkets/comments/3l82c5/email_from_cftc_regarding_bitfinex_trading/

Can the US prosecute Bitfinex somehow? I read a comment that said the US wanted to prosecute Gox, and got all the banks to stop processing USD withdrawals from its bank. It said before Gox went bankrupt you could only withdraw in Japanese, Polish, and some other currencies, not in USD. I know Bitfinex changed its bank a few times in the last month. Could pressure from the US force the banks to stop processing USD withdrawals from Bitfinex?

Yep that's true... I did my last SEPA withdraw in early November 2013. US withdraws were long unavailable at that time.
https://en.wikipedia.org/wiki/Mt._Gox

var53

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Quote from: gotmilk_ on September 17, 2015, 08:36:09 PM

If anyone missed that:
https://www.reddit.com/r/BitcoinMarkets/comments/3l82c5/email_from_cftc_regarding_bitfinex_trading/

Can the US prosecute Bitfinex somehow? I read a comment that said the US wanted to prosecute Gox, and got all the banks to stop processing USD withdrawals from its bank. It said before Gox went bankrupt you could only withdraw in Japanese, Polish, and some other currencies, not in USD. I know Bitfinex changed its bank a few times in the last month. Could pressure from the US force the banks to stop processing USD withdrawals from Bitfinex?

Q7

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Well i haven't use their service before but with the news of lost btc making headlines i would be real cautious. Just prepare for the best and always ask yourself is it worth to continue to take the risk?

miketouchteam

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Quote from: randy8777 on September 19, 2015, 04:57:58 AM

Quote from: Suntouri on September 18, 2015, 02:40:11 PM

Quote from: Morecoin Freeman on September 17, 2015, 07:13:45 PM

I officially moved my trading funds to Kraken.

fees are lower there?

bitfinex has a bit lower fees. they are seperated in 'maker fees 0.1%' and 'taker fees 0.2%' kraken has a fixed fee of 0.26% for people who's volume is less than $10K in value. op isn't going to get cheeper fees.

But kraken is REALLY reliable. I trust them a lot more than I trust finex, ohh but the volume is lower so it might not work out very well for day traders.

randy8777

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Quote from: Suntouri on September 18, 2015, 02:40:11 PM

Quote from: Morecoin Freeman on September 17, 2015, 07:13:45 PM

I officially moved my trading funds to Kraken.

fees are lower there?

bitfinex has a bit lower fees. they are seperated in 'maker fees 0.1%' and 'taker fees 0.2%' kraken has a fixed fee of 0.26% for people who's volume is less than $10K in value. op isn't going to get cheeper fees.

Suntouri

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Quote from: Morecoin Freeman on September 17, 2015, 07:13:45 PM

I officially moved my trading funds to Kraken.

fees are lower there?

NorrisK

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Quote from: Morecoin Freeman on September 17, 2015, 07:13:45 PM

I officially moved my trading funds to Kraken.

Kraken is a pretty awesome exchange

Low fees for withdrawing fiat as well, which is quite amazing. Hope the volume can increase a bit more there

gotmilk_

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Activity: 442

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If anyone missed that:
https://www.reddit.com/r/BitcoinMarkets/comments/3l82c5/email_from_cftc_regarding_bitfinex_trading/

Morecoin Freeman

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Legendary trader

I officially moved my trading funds to Kraken.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: Bitcoin365 on August 29, 2015, 09:50:47 AM

Quote from: TReano on August 27, 2015, 07:45:39 PM

Quote from: aztecminer on August 27, 2015, 07:02:33 PM

Quote from: secousa on August 27, 2015, 06:31:30 PM

Quote from: aztecminer on August 27, 2015, 06:28:42 PM

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you cant have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

its proven that bitfinex owners/employees trade on their own platform.

why is it so hard to fathom that bitfinex is crashing the market to fulfill their own buy orders?
someone in bitfinex needs money, and now they got your cheap coins. the technical side just plays into the scam.

i dont trade on bitfinex.. i'm just saying that if you dont have technical problems then you wont have technical glitches.. bitfinex is working very hard on their technical glitches that is causing them to stop trading and halt withdrawals. that is all i really know about the situation over there. everything i read makes me think they might collapse. i dont really know though.

CTO said yesterday they have still no clue how to fix the problem. Therefor it will not get better anytime soon.

Good luck staying there and praying to not lose money in the next volatile phase..

source of the CTO statement?

https://bitcointalksearch.org/topic/m.12179591

Bitcoin365

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Quote from: TReano on August 27, 2015, 07:45:39 PM

Quote from: aztecminer on August 27, 2015, 07:02:33 PM

Quote from: secousa on August 27, 2015, 06:31:30 PM

Quote from: aztecminer on August 27, 2015, 06:28:42 PM

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you cant have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

its proven that bitfinex owners/employees trade on their own platform.

why is it so hard to fathom that bitfinex is crashing the market to fulfill their own buy orders?
someone in bitfinex needs money, and now they got your cheap coins. the technical side just plays into the scam.

i dont trade on bitfinex.. i'm just saying that if you dont have technical problems then you wont have technical glitches.. bitfinex is working very hard on their technical glitches that is causing them to stop trading and halt withdrawals. that is all i really know about the situation over there. everything i read makes me think they might collapse. i dont really know though.

CTO said yesterday they have still no clue how to fix the problem. Therefor it will not get better anytime soon.

Good luck staying there and praying to not lose money in the next volatile phase..

source of the CTO statement?

pleaseexplainagain

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Activity: 115

Merit: 10

Quote from: TReano on August 27, 2015, 07:45:39 PM

Quote from: aztecminer on August 27, 2015, 07:02:33 PM

Quote from: secousa on August 27, 2015, 06:31:30 PM

Quote from: aztecminer on August 27, 2015, 06:28:42 PM

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you cant have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

its proven that bitfinex owners/employees trade on their own platform.

why is it so hard to fathom that bitfinex is crashing the market to fulfill their own buy orders?
someone in bitfinex needs money, and now they got your cheap coins. the technical side just plays into the scam.

i dont trade on bitfinex.. i'm just saying that if you dont have technical problems then you wont have technical glitches.. bitfinex is working very hard on their technical glitches that is causing them to stop trading and halt withdrawals. that is all i really know about the situation over there. everything i read makes me think they might collapse. i dont really know though.

CTO said yesterday they have still no clue how to fix the problem. Therefor it will not get better anytime soon.

Good luck staying there and praying to not lose money in the next volatile phase..

everything is different with bitcoin. i do not think for one moment the people asking should they stay with bitfinex would stay with their bank if it was so dodgy or just plain inept nor stay with their plumber or local fast food outlet. Its proven to have problems and is not overcoming them so leave. Would you let your plumber block your toilet and then say he cannot come back as he has more important jobs to do...........

TReano

sr. member

Activity: 448

Merit: 256

Quote from: aztecminer on August 27, 2015, 07:02:33 PM

Quote from: secousa on August 27, 2015, 06:31:30 PM

Quote from: aztecminer on August 27, 2015, 06:28:42 PM

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you cant have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

its proven that bitfinex owners/employees trade on their own platform.

why is it so hard to fathom that bitfinex is crashing the market to fulfill their own buy orders?
someone in bitfinex needs money, and now they got your cheap coins. the technical side just plays into the scam.

i dont trade on bitfinex.. i'm just saying that if you dont have technical problems then you wont have technical glitches.. bitfinex is working very hard on their technical glitches that is causing them to stop trading and halt withdrawals. that is all i really know about the situation over there. everything i read makes me think they might collapse. i dont really know though.

CTO said yesterday they have still no clue how to fix the problem. Therefor it will not get better anytime soon.

Good luck staying there and praying to not lose money in the next volatile phase..

aztecminer

legendary

Activity: 1092

Merit: 1000

Quote from: secousa on August 27, 2015, 06:31:30 PM

Quote from: aztecminer on August 27, 2015, 06:28:42 PM

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you cant have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

its proven that bitfinex owners/employees trade on their own platform.

why is it so hard to fathom that bitfinex is crashing the market to fulfill their own buy orders?
someone in bitfinex needs money, and now they got your cheap coins. the technical side just plays into the scam.

i dont trade on bitfinex.. i'm just saying that if you dont have technical problems then you wont have technical glitches.. bitfinex is working very hard on their technical glitches that is causing them to stop trading and halt withdrawals. that is all i really know about the situation over there. everything i read makes me think they might collapse. i dont really know though.

secousa

full member

Activity: 203

Merit: 151

Quote from: aztecminer on August 27, 2015, 06:28:42 PM

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you cant have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

its proven that bitfinex owners/employees trade on their own platform.

why is it so hard to fathom that bitfinex is crashing the market to fulfill their own buy orders?
someone in bitfinex needs money, and now they got your cheap coins. the technical side just plays into the scam.

aztecminer

legendary

Activity: 1092

Merit: 1000

Quote from: secousa on August 27, 2015, 06:05:26 PM

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

well if your exchange does not have technical problems then you wont have technical glitches that forces you to stop trading during margin calls cascades and stop withdrawals. that is why bitfinex is working real hard on their technical problems.

secousa

full member

Activity: 203

Merit: 151

@OP fishiness doesn't stop at just the crap going on today. BFX has had a history of fishiness.

All the non-bitcoinica stuff was developed by a user named "myself"? those features alone are what made BFX as big as it is today, otherwise ppl would never have flocked there. Guess what? the guy got the boot after BFX felt there was no need for him. Had they been smart and kept him on, you wouldn't see the lag you see on their site today.

Don't panic about BFX. Run.

madjules007

sr. member

Activity: 400

Merit: 250

Quote from: opossum on August 27, 2015, 10:36:24 AM

Quote from: TReano on August 27, 2015, 10:27:29 AM

Quote from: aztecminer on August 27, 2015, 10:03:40 AM

Quote from: TReano on August 27, 2015, 08:24:05 AM

Quote from: Auxi on August 27, 2015, 08:08:21 AM

The best place is always your own computer

good luck with a currency which has 0 liquidity.

It's pretty stupid to say it's wrong to keep your coins on a exchange if you are trading them.

well there is always the middle ground.. i keep most of my coins in cold storage, and i have some on coinbase exchange where i been trading..

without active traders Bitcoin would be dead.

Including the "traders" who have shorted her into the mud? That's the kind of dead she could do without.

Do you think the PBOC banning the shorting of stocks brought confidence to the market? Tongue

Traders, leveraged or not, create the liquidity that allows one to buy or sell bitcoins. Without them, there is hardly any market to speak of. And shorts create buy-side demand...... just as longs create supply....

srgkrgkj

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