Bitfinex Margin Trading, COVID-19 Country Data, Cancel all Alerts
Read this on the Cryptowatch Changelog. Cryptowatch has introduced margin trading for all Bitfinex pairs that support leverage. We've updated our alerts service, adding a Cancel all feature that lets you clear alerts across all markets. On our COVID-19 tracker, you can now sort all data by country, view the chart with either a linear or logarithmic axis, and switch between daily and total data. The Cryptowatch Marketing team also recently posted a comprehensive reading list from our very own The Dude, who spent over a decade yelling and screaming in the NYMEX and COMEX trading pits, as well as an interview with @lowstrife and a report on Bitcoin spot market growth.
Announcing the Bitfinex Margin Trading AMA - Friday, January 25, 2019
Hello everyone, We are inviting you to join us this Friday for a ask me anything session on Bitfinex's margin trading system. You will have the occasion to ask and answer questions to and from our community members and enhance your knowledge in terms of trading, as well as propose strategies and plans for a better experience with our trading platform. I am looking forward to hearing from you all. Garbis
Questions about Bitfinex margin trading and the Bitcoin upcoming split.
I have 2 Bitcoins that I'm using to trade on margin at Bitfinex. Currently I bought 4 Bitcoins on margin (Long bitcoin) 1 - Does this mean I'm trading with 2 and I took a loan of another 2? or I'm taking a loan of 4 and keeping my 2 as a hedge? 2 - What's funding rate am I paying for this loan? 3 - Am I considered that I took a loan of 2 BTC? or I took a loan USD and them converted them to BTC? 4 - Regarding the upcoming Bitcoin split, Bitfinex says: "Users that are financed long BTC/USD or short any BTC trading pair will receive B2X." does this mean that I'll be receiving 4 extra B2X since I'm long (on margin) with 4 Bitcoins?
Question regarding Bitfinex Margin Trading and US Customers.
Lately I've been trading via BTC instead of USD, I'm in America.. I haven't confirmed that I live here whenever it asks btw. Does the US crackdown on US residents matter to those using BTC to trade?
Can someone answer a question to me on bitfinex margin trading?
Lets say i'm in a long position at $340 with 3 BTC which i have borrowed (leverage) and the price goes against me, what will happen in this case? Do i need to have USD in my account to pay it back if it hits my stop loss? and is there such thing as a margin call?
I might be missing something but it doesn't seem like I can trade using margin on Bitfinex through cryptowatch. Next to leverage it just says "none" with no other options. This happens when funds are in the margin wallet.
Hi everyone. Newbie questions about Bitfinex Margin Trading (just opened account; previously used Kraken): Say I want to open long position on BTCUSD;
How do I select the leverage I want (1/2/3)? I don't see this option anywhere.
What the two checkboxes, "Include variable rates" and "Maximum margin rate", are doing? (I was expecting that unchecking the "Maximum margin rate" it would giving me the option to select a specific leverage, but this doesn't seem to be the case.)
Also, what is the "%/day", which is by default "0.75"? (If I write "0" there, what does this mean?)
The fees/costs are different according the leverage? (In Kraken I don't see any difference at all.)
Say that for the first time I want to open a long position with 1:1 leverage. Thanks
First of all thank you for any relevant comments to my questions related to Bitfinex Margin Trading. I have been trading BTC at Bitstamp for some time and I am considering moving part of my funds to Bitfinex to be able to short BTC. I have read thoroughly their website and FAQ plus google some unaswered questions but I am still in doubts related to following topics: Sorry for asking out here but I posted my questions to Bitfinex support and there is no feedback for 5 days yet.... :( Let us assume I will put 1000 USD on trading account and set Leverage 2:1. My tradable balance would be 2000 USD if I am right. Let us assume 1 BTC price = 100 USD My questions: 1.What does the Margin Requirement of 10% and Required Margin at Bitfinex means ? What is the difference ? 2.If I go long with 15 BTC for 100 USD = 1500 USD (still within Leverage) and price of BTC goes up to 150 USD. Will my profit be 50 USD*15 BTC - Bitfinex fees - Used swap fees ? 3.On the other hand if price goes down to 50 USD for 1 BTC do I lose 50 USD*15 BTC from my actual trading wallet is that right ? When I get margin call and my position will be force closed in this example ? 4.Is it possible on bitfinex to purchase swap when interest rate are low in advance even when I do not open trading positions and will I pay fees for every hour when I do so or only when the swap is used to cover opened position ? 5.Alternatively if i use free funds on deposit wallet to offer swap and it will be accepted do i only get payment for time it is used in opened position for trading ? What they mean by ? "Unused swaps are swaps you provided that were not used in a margin position. They give you a minimum of 1 hour of return." So if anyone accepts my swap for 2 days but do not use it at all for open position will I only get 1 hour interest but I will be forced to keep it provided for 2 days or the payment of interets will be for 2 days regardless of using in active open position ? Thank you so much for any relevant input and clarification. i really hope this will help anyone considering trading at Bitfinex as their webpage and forum is really not informative at all Have a nice weekend guys IcemanSVK
First of all thank you for any relevant comments to my questions related to Bitfinex Margin Trading. I have been trading BTC at Bitstamp for some time and I am considering moving part of my funds to Bitfinex to be able to short BTC. I have read thoroughly their website and FAQ plus google some unaswered questions but I am still in doubts related to following topics: Sorry for asking out here but I posted my questions to Bitfinex support and there is no feedback for 5 days yet.... :( Let us assume I will put 1000 USD on trading account and set Leverage 2:1. My tradable balance would be 2000 USD if I am right. Let us assume 1 BTC price = 100 USD My questions:
What does the Margin Requirement of 10% and Required Margin at Bitfinex means ? What is the difference ?
If I go long with 15 BTC for 100 USD = 1500 USD (still within Leverage) and price of BTC goes up to 150 USD. Will my profit be 50 USD*15 BTC - Bitfinex fees - Used swap fees ?
On the other hand if price goes down to 50 USD for 1 BTC do I lose 50 USD*15 BTC from my actual trading wallet is that right ? When I get margin call and my position will be force closed in this example ?
I understand I must use swaps to open position. Do I need to purchase swaps all the time even I have have enough balance on my trading account. In my example if I go long for only 1 BTC and I have 1000 USD in my trading wallet will I be still subject to purchase of swaps and paying interest for it ?
I really do not understand how they handle fees at Bitfinex and what is difference between maker and taker fees. When I will be placing my Buy orders with limit orders below market price or my sell orders with limit price above current market price will I be always charged only lower Maker fees or it is not true ?
Is it possible on bitfinex to purchase swap when interest rate are low in advance even when I do not open trading positions and will I pay fees for every hour when I do so or only when the swap is used to cover opened position ?
Alternatively if i use free funds on deposit wallet to offer swap and it will be accepted do i only get payment for time it is used in opened position for trading ? What they mean by ? "Unused swaps are swaps you provided that were not used in a margin position. They give you a minimum of 1 hour of return." So if anyone accepts my swap for 2 days but do not use it at all for open position will I only get 1 hour interest but I will be forced to keep it provided for 2 days or the payment of interets will be for 2 days regardless of using in active open position ?
Thank you so much for any relevant input and clarification. i really hope this will help anyone considering trading at Bitfinex as their webpage and forum is really not informative at all Have a nice weekend guys IcemanSVK
I have bought 0.1 btc for $479.41 on bitfinex with a margin buy and i think i lost this position, now there are 2 options close & claim, what does each mean?
Hello, New to bitfinex, if I open a margin trade is there a certain time limit I have to close it by? I went long and it says the liquidation price is $91. So I can keep this open forever as long as the price doesn't fall to $91? There's also a swap type. Daily vs Term? Does this mean I have to close my trade by the end of the day?
Hi there, I'm not sure this is the right place but as there are many users using this Exchange to trade and also have to report their gains for taxes, I thought it could be ok to post it. Otherwise, just bad luck for me, I'll try to get answers somewhere else :) Question is simple: I used Bitfinex for around a year and used Margin trading a lot. The issue is that if I export the trades list from my history it just shows the actual buy/sell and fees. But with margin trading and the multiple wallet system, there is more happening. Especially the settlements. I have multiple thousand of trades, mostly on BTC but that doesn't matter. If I opened a long and sold at loss (let say a loss of $500) then this -500 is removed automatically from my wallet, this isn't a trade, it's like just removed by Bitfinex. Also the margin fees (borrowing fees) can get quite high over time and they do not appear (correct me if I'm wrong of course) in the trade list. Let say I have a long opened for 5 days with ~$2 margin fees per day. Those will be also removed from my wallet in the ledger. So, is there anyone here who managed to do it in a "simple" way? I wanted to use Cointracking but they admitted to me via email that they can't manage Bitfinex margin trades because on how Bitfinex works (via API or CSV it doesn't matter, they just can't deal with it) I know that in the ledger of each coin and USD, there are all details, but it's just a big mess to sort out. So yeah, if anyone found out a simple way to export the data to calculate those gain and losses, I'll take it Thanks
Margin trading for $LINK and $DOT pairs is now available on Bitfinex!
Margin trading for $LINK and $DOT pairs is now available on Bitfinex! From today Chainlink pairs (LINK/USD), (LINK/USDt) and Polkadot pairs (DOT/USD), (DOT/USDt) can be traded with a maximum leverage of 3.3x, an initial equity of 30% and a maintenance margin of 15%. LINK and DOT can also be held as collateral for margin trading with an initial haircut of 90%. Discover more about Chainlink and Polkadot listing at ⬇️ https://www.bitfinex.com/posts/508 https://reddit.com/link/ig8j9k/video/12lud0w964j51/player
Bitfinex Increases Maximum Leverage on Margin Trading for EOS, Litecoin and enables Margin Trading and Funding for DAI
We have increased maximum leverage on margin trading for EOS and Litecoin pairs on our platform, and introduced margin trading and funding on DAI. Starting from today, EOS to Tether (EOS/USDt) and Litecoin to Tether (LTC/USDt) can be traded with a higher maximum leverage of 5x. DAI with US dollar (DAI/USD) can be traded with a maximum leverage of 3.3x, an initial equity of 30% and a maintenance margin of 15%. DAI currency is also available for margin funding (lending). Find out more at https://www.bitfinex.com/posts/488 https://reddit.com/link/hwgsnb/video/9y4dq4ddcmc51/player
Bitfinex is a centralized cryptocurrency exchange located in British Virgin Islands. It currently has a 24-hour trading volume of $95,960,593 from 154 coins and 307 trading pairs. Bitfinex is established in year 2012. More information about Bitfinex exchange can be found at bitfinex.com Bitfinex allows users to trade with up to 5x leverage by receiving funding from the peer to peer margin funding platform. Users can enter an order to borrow the desired amount of funding at the rate and duration of their choice, or they can simply open a position and Bitfinex will take out funding for them at the best available rate at that time. Margin Trading. Intro to Margin Trading; How do I open/close a Margin position? What interest rate is charged on margin positions? What does it mean to "claim" my position? Margin Call Policy; See all 12 articles Margin trading. Bitfinex allows up to 5x leverage trading by providing traders with access to the peer-to-peer funding market. Order types. Bitfinex facilitates a graphical trading experience with advanced charting functionality that allows traders to visualise orders, positions and price alerts, tap to modify order properties, and annotate The largest and most advanced cryptocurrencies exchange
https://www.bitfinex.com/?refcode=KDERcqElbi Sign up for a Free account on Bitfinex and get 10.0% on trading fees 10.0% on lending fees Margin Lending Calcul... One trading jargon that you’ll hear very often is margin. It’s usually in terms like margin account, margin trading and even margin call. It seems a bit comp... Vamos a ver como sale esta posición en margen que estoy abriendo con 10 LINK de colateral en mi balance de Bitfinex. Posición en Long con 4.5 LINK. Recuerda ... Tutorial Part 6 Lets Learn Margin Trading Bitfinex Trading Crypto Long Shorting Leveraging - Duration: 1:09:05. Mr Brian 12,262 views. 1:09:05. Tutorial Part 6 Lets Learn Margin Trading Bitfinex Trading Crypto Long Shorting Leveraging - Duration: 1:09:05. Mr Brian 14,438 views. 1:09:05. Cryptocurrency Portfolio Strategy ...
