Bitfinex: Difference between revisions
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A "Big Four" bitcoin exchange<ref>http://www.coindesk.com/price/ Coindesk BPI</ref> in the world, | A "Big Four" bitcoin exchange<ref>http://www.coindesk.com/price/ Coindesk BPI</ref> in the world, Bitfinex trading platform is currently in a beta phase (testing phase). The platform is owned and operated by iFinex Inc. (Bvi), and during this final phase the platform is being prepared to operate under a fully licensed model. | ||
==Main Functions== | ==Main Functions== | ||
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Their lending feature goes hand to hand with the margin trading feature described above. | Their lending feature goes hand to hand with the margin trading feature described above. | ||
If you don't feel like a trader and/or prefer safer investments, this feature is for you. Bitfinex allows you, using your deposit wallets, to lend bitcoins and/or dollars to traders. You can put offers with your chosen terms (which rates, for how long, and how much) | If you don't feel like a trader and/or prefer safer investments, this feature is for you. Bitfinex allows you, using your deposit wallets, to lend bitcoins and/or dollars to traders. You can put offers with your chosen terms (which rates, for how long, and how much). | ||
==Fees schedule== | ==Fees schedule== | ||
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Bitcoin: 0 | Bitcoin: 0 | ||
International wire: 0.1% (minimum $20.00) | International wire: 0.1% (minimum $20.00) | ||
EgoPay: 0.2% (not include charge by Egopay) | EgoPay: 0.2% (not include charge by Egopay) | ||
| Line 49: | Line 51: | ||
Bitcoin: 0 | Bitcoin: 0 | ||
International wire: 0.1% (minimum $20.00) | International wire: 0.1% (minimum $20.00) | ||
EgoPay: 0 (not include charge by Egopay) | EgoPay: 0 (not include charge by Egopay) | ||
Revision as of 10:12, 22 August 2014
A "Big Four" bitcoin exchange[1] in the world, Bitfinex trading platform is currently in a beta phase (testing phase). The platform is owned and operated by iFinex Inc. (Bvi), and during this final phase the platform is being prepared to operate under a fully licensed model.
Main Functions
Bitcoins exchange
The exchange part works like any regular bitcoins exchanges: you put your offer to buy or sell bitcoins. When an order is matched against another, it is executed.
The exchange wallet type is used for this feature.
Margin trading
Their margin trading feature is unique in the Bitcoin world. Basically, it allows you to borrow funds from lenders (see next feature) to trade bitcoins. If you make a profit, you get the profit and pay the depositor interests. If you make a loss, you reimburse the depositors the whole borrowed amount + interests. [2]
Lending
Their lending feature goes hand to hand with the margin trading feature described above.
If you don't feel like a trader and/or prefer safer investments, this feature is for you. Bitfinex allows you, using your deposit wallets, to lend bitcoins and/or dollars to traders. You can put offers with your chosen terms (which rates, for how long, and how much).
Fees schedule
Order Execution
| Volume | Maker fees | Taker fees |
| >= 0 BTC | 0.1% | 0.2% |
| >= 500 BTC | 0.08% | 0.2% |
| >= 2000 BTC | 0.06% | 0.2% |
| >= 5000 BTC | 0.04% | 0.2% |
| >= 15000 BTC | 0.02% | 0.2% |
| >= 25000 BTC | 0 | 0.2% |
Deposits Fee
Bitcoin: 0
International wire: 0.1% (minimum $20.00)
EgoPay: 0.2% (not include charge by Egopay)
Withdrawals Fee
Bitcoin: 0
International wire: 0.1% (minimum $20.00)
EgoPay: 0 (not include charge by Egopay)
SWAPS
Charged on your existing swaps, paid by the liquidity provider: 15.0% (of the swaps generated by active contracts)
Company
Bitfinex Limited has its office in Hong-Kong, with one of our associate living there.
External Links
- Bitstamp web site
References
- ↑ http://www.coindesk.com/price/ Coindesk BPI
- ↑ https://bitcointalk.org/index.php?topic=229438.0 Bitfinex OFFICIAL