As 1Referee posted above both BTC-E and Bitfinex allows deposits and withdrawals.
I don't understand what you mean by "How does it control the price"?
An exchange cannot control the Bitcoin price. Its the traders on the exchange who controls the buy/sell price.
Topic: Since you can't deposit/withdraw fiat on Bitfinex -How does it control the price (Read 1621 times)
November 30, 2015, 05:34:44 AM
November 30, 2015, 05:20:08 AM
I think the OP confused btc-e with bitfinex.
OP is not fully awake I guess. BTC-E allows you to deposit fiat into your account as well
OP; This information comes from Bitfinex their site.
DEPOSIT
Bitcoin free
Litecoin free
TetherUSD free
Bank wire 0.100% of the deposit amount, with a minimum fee of $20.00
WITHDRAWAL
Bitcoin free
Litecoin free
TetherUSD free
Bank wire 0.100% of the withdrawal amount, with a minimum fee of $20.00
Express bank wire (within 24 hours on business days) 1.000% of the withdrawal amount, with a minimum fee of $20.00
November 30, 2015, 05:12:50 AM
I think the OP confused btc-e with bitfinex.
November 30, 2015, 04:34:29 AM
you can deposit and withdraw fiat.
November 29, 2015, 09:42:14 PM
Where does it say you can't withdraw or deposit fiat?
It's the only big exchange where you don't need verification if you're only depositing or withdrawing coins as far as I know so perhaps you're getting it mixed up.
It's the only big exchange where you don't need verification if you're only depositing or withdrawing coins as far as I know so perhaps you're getting it mixed up.
November 29, 2015, 09:37:48 PM
I am just wondering why Bitfinex is the BTC price leader compared to the other exchanges when its the only exchange where you can't deposit/withdraw fiat.
Its seems the exchange is zero-sum. So if some whale wants to buy 1000 BTC, he needs to deposit some BTC he already owns and buy it on margin?
Or does this exchange simply follow the other Chinese and smaller exchanges ?
Its seems the exchange is zero-sum. So if some whale wants to buy 1000 BTC, he needs to deposit some BTC he already owns and buy it on margin?
Or does this exchange simply follow the other Chinese and smaller exchanges ?
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