Bitfinex - Our Fees - Margin Trading

Bitfinex exchange and margin trading platform. Fee 0.12% and below.

Bitfinex exchange and margin trading platform. Fee 0.12% and below. submitted by marioxcc to Bitcoin [link] [comments]

Becoming an affiliate has never been more profitable!

Becoming an affiliate has never been more profitable!
Our Affiliate Program's commission structure allows you to earn a percentage of trading and margin funding fees with up to three degrees within your referral network.
Join the revolution and become an affiliate!
Don't wait any longer ⬇️
https://www.bitfinex.com/affiliate
https://preview.redd.it/ysv4ok7etef51.png?width=1920&format=png&auto=webp&s=de9e64b3ace43add893a6582db597039ff5c3746
submitted by news_bitfinex to bitfinex [link] [comments]

MXC Exchange – One-stop Service Provider

MXC Exchange – One-stop Service Provider
Established in 2018, MXC has become a one-stop service provider. It is now able to provide users spot, margin, contract, leveraged ETF, Index Products, Contract, PoS Staking, OTC services.
It emerges as one of the fastest growing exchanges in the world. In 2019, the daily trading volume of MXC took 5% of the world’s digital market. Besides, leveraged ETF products on MXC took lion share in the world of the same kind of products based on data from CryptoRank. On top of that, It obtained regulation-compliance licenses in many countries, like U.S., Canada, Australia, etc. and is able to carry out digital asset service in these countries.
https://preview.redd.it/xmdorlqtjt951.png?width=1298&format=png&auto=webp&s=b791ee9dc47ff43cca9bf281cacbc05a61fa2632
In the aspect of OTC trading, MXC established partnership with Simplex, a European regulation-compliance payment company, and Banxa, a legal payment company in South-east Asia, allowing users to use Visa and Mastercard to buy cryptocurrencies, like BTC, ETH, etc. directly.
In the aspect of spot trading, MXC now support over 200 trading pairs. In addition to the top market cap coins and token, it has listed many high-quality DeFi projects, like COMP, MKR, SNX, KNC, LEND, REN, BNT, IDEX, SWTH, OKS, RUNE, KAVA, BAL, UMA, etc. as well as projects of Polkadot ecosystem, like KSM, EDG, PCX, RING, etc.
In the aspect of margin trading, MXC supports the largest number of margin pairs among all exchanges across the globe, with 2 – 10x leverage available. The automatic loan and repayment functions are available. With the coming of the upgraded margin system, the depth, price difference, loan efficiency and matching efficiency have greatly updated.
In the aspect of leveraged ETF, MXC, learned from traditional financial products, introduced in re-balance system, so there’s no liquidation risks in buying leveraged ETF products. Leveraged ETF tracks the changes of the underlying assets with 3x leverage. “3L” products refer to 3x long, while “3S” products 3x short. Now it 3x leverage for 29 cryptocurrencies, including BTC, BCH, BSV, DASH, ZEC, ATOM, XTZ, ALGO, etc.
In the extreme market on March 12, 2020, BTC plummeted a high of 52.36% and the ordinary 3x leverage products for BTC plunged by 157.08%. However, with the re-balance system, the BTC3L product on MXC decreased by 92.96%, lower than the ordinary 3x leverage products and protect the interest of users in some extent. Furthermore, in the following market, the BTC3L product rose by 236%, higher than the 167.41% of ordinary 3x leverage product.
The leveraged ETF once became the label of MXC, "Huobi's OTC, OKex’s contract, MXC’s ETF and Binance's spot." The popularity of leveraged ETFs has attracted many exchanges to follow suit.
In terms of index products, MXC officially launched index products under the ETF zone, including decentralized storage asset index, mainstream cryptocurrency index, DeFi asset index, public chain index, 2020 halving cryptocurrency index.
MXC index products are similar to traditional financial fund products, and each index product is composed of multiple constituent cryptocurrencies. According to the announcement, the MXC Index product will be adjusted according to the average daily turnover ratio of the previous 30 days, that is, the proportion of the component cryptocurrency will be adjusted. If the target does not meet the representativeness and investability, the index may be removed from the product.
Decentralized storage combination components are STORJ, LAMB, GNX, BLZ; mainstream currency combination, components are BTC, ETH, LTC, EOS, ETC, BCH, BSV, XRP; DeFi asset components are KNC, ZRX, KAVA, NEST; Public chain combination, the components are TRX, VET, NEO, QTUM, BTM, ONT, IOST; halving index components are BTC, ETC, BCH, BSV, ZEC, DASH.
Index products can help users not miss the bull market. Any one of the constituent cryptocurrencies increase, the user can make gains. Secondly, it can help avoid the risk of a single cryptocurrency’s plunging. In addition, it can also help save investment time and improve investment efficiency.
In terms of contract transactions, MXC upgraded the contract trading system and launched a new version of the contract in June this year. MXC contract trading currently supports free adjustment of 1-100x leverage multiples. In the isolated margin mode, users can still adjust the leverage multiples after opening a position, and support isolated margin conversion to cross margin, which can help users pursue the market with all their strength.
It supports users to place stop profit and stop loss orders at the same time, while occupying only one margin. It supports Post Only (Maker only) and IOC (Immediately or cancel all) strategies. Under Post Only (Maker only), the user will not immediately place an order on the market when placing an order, to ensure that the order is always Maker (pending order), saving handling fees. IOC function, that is, if the order cannot be fully executed, the rest will be cancelled.
For example, the BTC price index of MXC selects the bitcoin spot prices of 6 exchanges, namely: Coinbase, Bitstamp, Binance, Huobi, OKEx, Bitfinex. If the spot price of an exchange deviates from the median of all exchanges by ±3%, the spot price of the exchange is calculated according to the median of ±3%. Use reasonable prices for liquidation, which are based on index prices.
In addition, underlined proper nouns on the webpage, as long as the mouse points up, the corresponding explanation will be displayed, which is convenient for users to understand.
In terms of PoS pools, MXC supports three types of PoS: Saving, Staking and Lending. Among them, PoS saving does not need to lock assets, and holding assets can obtain income.
submitted by SimonZhu666 to MXCexchange [link] [comments]

Bitfinex: Easily Earn TRX Staking Rewards

Bitfinex: Easily Earn TRX Staking Rewards
Bitfinex a cryptocurrency exchange company has just announced that TRON Foundation’s TRX is now available for staking on their platform and users can now start earning rewards with regular payouts just for holding TRX on their Bitfinex accounts.

Bitfinex staking TRX
The soft-staking program allows users to easily and securely generate rewards by holding their digital tokens on Bitfinex. The convenience of simply depositing tokens and earning weekly staking rewards into your account makes it more desirable to use the Bitfinex platform.
Bitfinex supported tokens:
  • TRON (TRX)
  • EOS (EOS)
  • Tezos (XTZ)
  • COSMOS (ATOM)
  • Algorand (ALGO)
  • V.Systems (VSYS)
Bitfinex also mentioned that they don’t have any minimum or maximum digital token holdings requirement to start staking and there are no fees to use their staking service.
Asides from staking tokens, Bitfinex also offers professional trading with different cryptocurrencies, exchanges, and margin funding. This allows users to have a secure way to earn interest on fiat and digital assets.

WHO IS BITFINEX?
Bitfinex is a crypto exchange owned and operated by iFinex Inc, which is headquartered in Hong Kong and registered in the British Virgin Islands. It was founded in December of 2012 as a peer to peer Bitcoin exchange, offering digital asset trading. The company’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers worldwide.
Tron Foundation has continued to be one of the leading companies in the cryptocurrency industry and with the partnership with Bitfinex, this surely would be the start of more companies having an interest in staking with TRX into their platforms.
Would you be interested in staking TRX into the Bitfinex platform? Let us know in the comments below and for more news, see Tron Spark.
submitted by tronspark to Tronix [link] [comments]

Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)

Crypto-Powered - The Most Promising Use-Cases of Decentralized Finance (DeFi)
A whirlwind tour of Defi, paying close attention to protocols that we’re leveraging at Genesis Block.
https://reddit.com/link/hrrt21/video/cvjh5rrh12b51/player
This is the third post of Crypto-Powered — a new series that examines what it means for Genesis Block to be a digital bank that’s powered by crypto, blockchain, and decentralized protocols.
Last week we explored how building on legacy finance is a fool’s errand. The future of money belongs to those who build with crypto and blockchain at their core. We also started down the crypto rabbit hole, introducing Bitcoin, Ethereum, and DeFi (decentralized finance). That post is required reading if you hope to glean any value from the rest of this series.
97% of all activity on Ethereum in the last quarter has been DeFi-related. The total value sitting inside DeFi protocols is roughly $2B — double what it was a month ago. The explosive growth cannot be ignored. All signs suggest that Ethereum & DeFi are a Match Made in Heaven, and both on their way to finding strong product/market fit.
So in this post, we’re doing a whirlwind tour of DeFi. We look at specific examples and use-cases already in the wild and seeing strong growth. And we pay close attention to protocols that Genesis Block is integrating with. Alright, let’s dive in.

Stablecoins

Stablecoins are exactly what they sound like: cryptocurrencies that are stable. They are not meant to be volatile (like Bitcoin). These assets attempt to peg their price to some external reference (eg. USD or Gold). A non-volatile crypto asset can be incredibly useful for things like merchant payments, cross-border transfers, or storing wealth — becoming your own bank but without the stress of constant price volatility.
There are major governments and central banks that are experimenting with or soon launching their own stablecoins like China with their digital yuan and the US Federal Reserve with their digital dollar. There are also major corporations working in this area like JP Morgan with their JPM Coin, and of course Facebook with their Libra Project.
Stablecoin activity has grown 800% in the last year, with $290B of transaction volume (funds moving on-chain).
The most popular USD-pegged stablecoins include:
  1. Tether ($10B): It’s especially popular in Asia. It’s backed by USD in a bank account. But given their lack of transparency and past controversies, they generally aren’t trusted as much in the West.
  2. USDC ($1B): This is the most reputable USD-backed stablecoin, at least in the West. It was created by Coinbase & Circle, both well-regarded crypto companies. They’ve been very open and transparent with their audits and bank records.
  3. DAI ($189M): This is backed by other crypto assets — not USD in a bank account. This was arguably the first true DeFi protocol. The big benefit is that it’s more decentralized — it’s not controlled by any single organization. The downside is that the assets backing it can be volatile crypto assets (though it has mechanisms in place to mitigate that risk).
Other notable USD-backed stablecoins include PAX, TrueUSD, Binance USD, and Gemini Dollar.
tablecoins are playing an increasingly important role in the world of DeFi. In a way, they serve as common pipes & bridges between the various protocols.
https://preview.redd.it/v9ki2qro12b51.png?width=700&format=png&auto=webp&s=dbf591b122fc4b3d83b381389145b88e2505b51d

Lending & Borrowing

Three of the top five DeFi protocols relate to lending & borrowing. These popular lending protocols look very similar to traditional money markets. Users who want to earn interest/yield can deposit (lend) their funds into a pool of liquidity. Because it behaves similarly to traditional money markets, their funds are not locked, they can withdraw at any time. It’s highly liquid.
Borrowers can tap into this pool of liquidity and take out loans. Interest rates depend on the utilization rate of the pool — how much of the deposits in the pool have already been borrowed. Supply & demand. Thus, interest rates are variable and borrowers can pay their loans back at any time.
So, who decides how much a borrower can take? What’s the process like? Are there credit checks? How is credit-worthiness determined?
These protocols are decentralized, borderless, permissionless. The people participating in these markets are from all over the world. There is no simple way to verify identity or check credit history. So none of that happens.
Credit-worthiness is determined simply by how much crypto collateral the borrower puts into the protocol. For example, if a user wants to borrow $5k of USDC, then they’ll need to deposit $10k of BTC or ETH. The exact amount of collateral depends on the rules of the protocol — usually the more liquid the collateral asset, the more borrowing power the user can receive.
The most prominent lending protocols include Compound, Aave, Maker, and Atomic Loans. Recently, Compound has seen meteoric growth with the introduction of their COMP token — a token used to incentivize and reward participants of the protocol. There’s almost $1B in outstanding debt in the Compound protocol. Mainframe is also working on an exciting protocol in this area and the latest iteration of their white paper should be coming out soon.
There is very little economic risk to these protocols because all loans are overcollateralized.
I repeat, all loans are overcollateralized. If the value of the collateral depreciates significantly due to price volatility, there are sophisticated liquidation systems to ensure the loan always gets paid back.
https://preview.redd.it/rru5fykv12b51.png?width=700&format=png&auto=webp&s=620679dd84fca098a042051c7e7e1697be8dd259

Investments

Buying, selling, and trading crypto assets is certainly one form of investing (though not for the faint of heart). But there are now DeFi protocols to facilitate making and managing traditional-style investments.
Through DeFi, you can invest in Gold. You can invest in stocks like Amazon and Apple. You can short Tesla. You can access the S&P 500. This is done through crypto-based synthetics — which gives users exposure to assets without needing to hold or own the underlying asset. This is all possible with protocols like UMA, Synthetix, or Market protocol.
Maybe your style of investing is more passive. With PoolTogether , you can participate in a no-loss lottery.
Maybe you’re an advanced trader and want to trade options or futures. You can do that with DeFi protocols like Convexity, Futureswap, and dYdX. Maybe you live on the wild side and trade on margin or leverage, you can do that with protocols like Fulcrum, Nuo, and DDEX. Or maybe you’re a degenerate gambler and want to bet against Trump in the upcoming election, you can do that on Augur.
And there are plenty of DeFi protocols to help with crypto investing. You could use Set Protocol if you need automated trading strategies. You could use Melonport if you’re an asset manager. You could use Balancer to automatically rebalance your portfolio.
With as little as $1, people all over the world can have access to the same investment opportunities and tools that used to be reserved for only the wealthy, or those lucky enough to be born in the right country.
You can start to imagine how services like Etrade, TD Ameritrade, Schwab, and even Robinhood could be massively disrupted by a crypto-native company that builds with these types of protocols at their foundation.
https://preview.redd.it/agco8msx12b51.png?width=700&format=png&auto=webp&s=3bbb595f9ecc84758d276dbf82bc5ddd9e329ff8

Insurance

As mentioned in our previous post, there are near-infinite applications one can build on Ethereum. As a result, sometimes the code doesn’t work as expected. Bugs get through, it breaks. We’re still early in our industry. The tools, frameworks, and best practices are all still being established. Things can go wrong.
Sometimes the application just gets in a weird or bad state where funds can’t be recovered — like with what happened with Parity where $280M got frozen (yes, I lost some money in that). Sometimes, there are hackers who discover a vulnerability in the code and maliciously steal funds — like how dForce lost $25M a few months ago, or how The DAO lost $50M a few years ago. And sometimes the system works as designed, but the economic model behind it is flawed, so a clever user takes advantage of the system— like what recently happened with Balancer where they lost $500k.
There are a lot of risks when interacting with smart contracts and decentralized applications — especially for ones that haven’t stood the test of time. This is why insurance is such an important development in DeFi.
Insurance will be an essential component in helping this technology reach the masses.
Two protocols that are leading the way on DeFi insurance are Nexus Mutual and Opyn. Though they are both still just getting started, many people are already using them. And we’re excited to start working with them at Genesis Block.
https://preview.redd.it/wf1xvq3z12b51.png?width=700&format=png&auto=webp&s=70db1e9587f57d0c470a4f9f4523c216929e1876

Exchanges & Liquidity

Decentralized Exchanges (DEX) were one of the first and most developed categories in DeFi. A DEX allows a user to easily exchange one crypto asset for another crypto asset — but without needing to sign up for an account, verify identity, etc. It’s all via decentralized protocols.
Within the first 5 months of 2020, the top 7 DEX already achieved the 2019 trading volume. That was $2.5B. DeFi is fueling a lot of this growth.
https://preview.redd.it/1dwvq4e022b51.png?width=700&format=png&auto=webp&s=97a3d756f60239cd147031eb95fc2a981db55943
There are many different flavors of DEX. Some of the early ones included 0x, IDEX, and EtherDelta — all of which had a traditional order book model where buyers are matched with sellers.
Another flavor is the pooled liquidity approach where the price is determined algorithmically based on how much liquidity there is and how much the user wants to buy. This is known as an AMM (Automated Market Maker) — Uniswap and Bancor were early leaders here. Though lately, Balancer has seen incredible growth due mostly to their strong incentives for participation — similar to Compound.
There are some DEXs that are more specialized — for example, Curve and mStable focus mostly only stablecoins. Because of the proliferation of these decentralized exchanges, there are now aggregators that combine and connect the liquidity of many sources. Those include Kyber, Totle, 1Inch, and Dex.ag.
These decentralized exchanges are becoming more and more connected to DeFi because they provide an opportunity for yield and earning interest.
Users can earn passive income by supplying liquidity to these markets. It usually comes in the form of sharing transaction fee revenue (Uniswap) or token rewards (Balancer).
https://preview.redd.it/wrug6lg222b51.png?width=700&format=png&auto=webp&s=9c47a3f2e01426ca87d84b92c1e914db39ff773f

Payments

As it relates to making payments, much of the world is still stuck on plastic cards. We’re grateful to partner with Visa and launch the Genesis Block debit card… but we still don’t believe that's the future of payments. We see that as an important bridge between the past (legacy finance) and the future (crypto).
Our first post in this series shared more on why legacy finance is broken. We talked about the countless unnecessary middle-men on every card swipe (merchant, acquiring bank, processor, card network, issuing bank). We talked about the slow settlement times.
The future of payments will be much better. Yes, it’ll be from a mobile phone and the user experience will be similar to ApplePay (NFC) or WePay (QR Code).
But more importantly, the underlying assets being moved/exchanged will all be crypto — digital, permissionless, and open source.
Someone making a payment at the grocery store check-out line will be able to open up Genesis Block, use contactless tech or scan a QR code, and instantly pay for their goods. All using crypto. Likely a stablecoin. Settlement will be instant. All the middlemen getting their pound of flesh will be disintermediated. The merchant can make more and the user can spend less. Blockchain FTW!
Now let’s talk about a few projects working in this area. The xDai Burner Wallet experience was incredible at the ETHDenver event a few years ago, but that speed came at the expense of full decentralization (can it be censored or shut down?). Of course, Facebook’s Libra wants to become the new standard for global payments, but many are afraid to give Facebook that much control (newsflash: it isn’t very decentralized).
Bitcoin is decentralized… but it’s slow and volatile. There are strong projects like Lightning Network (Zap example) that are still trying to make it happen. Projects like Connext and OmiseGo are trying to help bring payments to Ethereum. The Flexa project is leveraging the gift card rails, which is a nice hack to leverage existing pipes. And if ETH 2.0 is as fast as they say it will be, then the future of payments could just be a stablecoin like DAI (a token on Ethereum).
In a way, being able to spend crypto on daily expenses is the holy grail of use-cases. It’s still early. It hasn’t yet been solved. But once we achieve this, then we can ultimately and finally say goodbye to the legacy banking & finance world. Employees can be paid in crypto. Employees can spend in crypto. It changes everything.
Legacy finance is hanging on by a thread, and it’s this use-case that they are still clinging to. Once solved, DeFi domination will be complete.
https://preview.redd.it/svft1ce422b51.png?width=700&format=png&auto=webp&s=9a6afc9e9339a3fec29ee2ae743c07c3042ea4ce

Impact on Genesis Block

At Genesis Block, we’re excited to leverage these protocols and take this incredible technology to the world. Many of these protocols are already deeply integrated with our product. In fact, many are essential. The masses won’t know (or care about) what Tether, USDC, or DAI is. They think in dollars, euros, pounds and pesos. So while the user sees their local currency in the app, the underlying technology is all leveraging stablecoins. It’s all on “crypto rails.”
https://preview.redd.it/jajzttr622b51.png?width=700&format=png&auto=webp&s=fcf55cea1216a1d2fcc3bf327858b009965f9bf8
When users deposit assets into their Genesis Block account, they expect to earn interest. They expect that money to grow. We leverage many of these low-risk lending/exchange DeFi protocols. We lend into decentralized money markets like Compound — where all loans are overcollateralized. Or we supply liquidity to AMM exchanges like Balancer. This allows us to earn interest and generate yield for our depositors. We’re the experts so our users don’t need to be.
We haven’t yet integrated with any of the insurance or investment protocols — but we certainly plan on it. Our infrastructure is built with blockchain technology at the heart and our system is extensible — we’re ready to add assets and protocols when we feel they are ready, safe, secure, and stable. Many of these protocols are still in the experimental phase. It’s still early.
At Genesis Block we’re excited to continue to be at the frontlines of this incredible, innovative, technological revolution called DeFi.
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None of these powerful DeFi protocols will be replacing Robinhood, SoFi, or Venmo anytime soon. They never will. They aren’t meant to! We’ve discussed this before, these are low-level protocols that need killer applications, like Genesis Block.
So now that we’ve gone a little deeper down the rabbit hole and we’ve done this whirlwind tour of DeFi, the natural next question is: why?
Why does any of it matter?
Most of these financial services that DeFi offers already exist in the real world. So why does it need to be on a blockchain? Why does it need to be decentralized? What new value is unlocked? Next post, we answer these important questions.
To look at more projects in DeFi, check out DeFi Prime, DeFi Pulse, or Consensys.
------
Other Ways to Consume Today's Episode:
Follow our social channels:https://genesisblock.com/follow/
Download the app. We're a digital bank that's powered by crypto:https://genesisblock.com/download
submitted by mickhagen to genesisblockhq [link] [comments]

Guide - Trading Essentials

Agenda
Technical Knowledge & Requirements
Trader Requirements
Top Exchanges For Trading
Binance
OKEX
Bittrex
Bitfinex
Phemex
Best Options to Buy Crypto Online / Offline - Multi Ways to Buys Bitcoin
submitted by farabijfa to bitcoinmanga [link] [comments]

Margin trading for United States

I'm trying to find an exchange that offers margin trading. I'm in the US and there's not much available to me. Binance.us doesn't have it, Bitfinex has it but they are telling US customers to gtfo, coinbase pro has a waitlist (and high fees??).
Are there any exchanges that support pure crypto margin, as in no fiat involved and I will transfer in my own crypto from another exchange?
submitted by Engineer-of-Stuff to SatoshiStreetBets [link] [comments]

Some numbers about bitfinex

I've tried to round up numbers.
Average monthly volume since hack: ~700,000,000 USD Source: 13th March they reached a 1B USD 30 day volume record (https://twitter.com/bitfinex/status/841298107853869059) 26th March, they reached a new record, 2B USD 30 day volume (https://twitter.com/bitfinex/status/847145553905565696) Currently, they have a 1.8B 30 day volume, you can check it in their home page (https://www.bitfinex.com/) By using a simple and NOT exact method of (h+l)/2*volume an all their pairs i've estimated a 600M USD average monthly volume.
Average fees per transaction: 0.3% Source: 0.1% maker fees + 0.2% taker fees (https://www.bitfinex.com/fees) Average fees probably much lower, as per pareto rule we can expect that 80% of the volume is created by 20% of the top traders, though most of the volume will actually have lower fees. But we'll use 0.3% anyways.
Time since hack: 10 months
Now a bit of maths: 700,000,000 x 10 months = 7B usd traded since hack in their platform 7,000,000,000 x 0.003 = 21M usd in fees collected by bitfinex
Now margin funding profits. Bitfinex has currently 70M usd worth in margin positions. Let's assume this has been a constant over 10 months. Lenders charge 0.1% for btc in average and and 0.015% for usd in average. Let's assume an average lending fee of 0.05%. Bitfinex takes a 15% of this fees. 0.15 * 0.0005 * 70000000 * 30 * 10=1,575,000
So bitfinex made 23M usd in legit GROSS revenue tops. I guess bitfinex employees are not working for nothing, and that they get payed. I guess that bitfinex servers also have to be paid.
And somehow they managed to pay +70M usd in debt. It adds up to you?
PS. i do know part of the debt was converted into equity. Still, it does not add up to me.
PS2. this is my theory of how they have managed to repay their debt, if they actually have done so (or at least some methods i think they have used):
  1. the hacked amount over the user holdings (we have no proofs of either of them) was less than 36%. Then they used the remaining assets (the difference of actual % of users holdings lost and reported %) to buy their own debt at ~60% discount)
  2. they inside traded their own debt token, using the repayments of debt (5 in total) as catalyst
  3. When they knew they had fiat wires frozen, they repaid the remaining debt, creating a surplus of cash when there was not way to get it out. With this they created a premium on their exchange, and they started arbitring with other exchanges to their exchange (they surely have lawyers/high profile executives with taiwan bank accounts).
EDIT: added margin funding bitfinex revenue and corrected wording (profits =/= revenue)
EDIT: Adding some other numbers on bitfinex by nobodybelievesyou
Some other bitfinex numbers.
4 The number days after they knew their wires were shut off that they redeemed all the debt tokens.
32 Days since usd has been able to go in or out of their exchange.
12 Days since they've bothered to give anyone an update.
273 Days of refusing to say which agencies are investigating the theft.
992 Days they've been making excuses about why they don't have an audit.
2 The number of the top ten debt holders that work for bitfinex.
13 The number of days after wires were shut off before bitfinex made a public announcement.
?? The amount of the final redemption that went to bitfinex employees over a week before they told the rest of their customers there were banking problems.
submitted by el_hispano to BitcoinMarkets [link] [comments]

[Daily Discussion] Wednesday, August 03, 2016 - Part 2

← [Daily Discussion] Wednesday, August 03, 2016 - Part 1
Welcome to part 2 of the /BitcoinMarkets daily discussion thread!
Please use modmail to quickly report any problems with thread creation.
Thread topics include, but are not limited to:
  • General discussion related to the days events
  • Technical analysis
  • Trading ideas & strategies
  • Questions that do not warrant a separate post
Thread Guidelines
  • Be excellent to each other.
  • Please do not create separate posts for the types of discussion mentioned above outside of the daily thread. If you do, your post may be removed and/or heavily downvoted.
  • News that may have a big impact on the market may be posted as a separate thread.
Other ways to interact
submitted by deb0rk to BitcoinMarkets [link] [comments]

Alternative to Kraken - trading with leverage from EU

I know they promised to fix the engine by December 1st, however I will not organize my trades on the assumption that their exchange goes back to fully functional overnight.
Alternatives I have seen around here are:
Bitfinex: (+) good liquidity, supports leverage, decent platform (-) track record of hacking, tether issuance controversia (big red flag for me)
Bitmex: (+) up to 100 leverage (too much for me tbh) (-) dealbreaking fees
Poloniex: (-) only trades in crypto
Leaving Coinbase/GDAX out since leverage is only for big boys. Same for Bitstamp.
Any preferences?
submitted by mamboloco to BitcoinMarkets [link] [comments]

Alternatives to bitfinex?

Specifically I'm looking for other exchanges with usd/btc margin trading, please also mention max leverage.
submitted by bughi to BitcoinMarkets [link] [comments]

Advanced order types tool for Binance - scaled orders, trailing stop, iceberg, reduce only, post only, position information

Advanced order types tool for Binance - scaled orders, trailing stop, iceberg, reduce only, post only, position information
Hi guys, I was wondering if any good coders out there could help create a tool to place advanced orders on Binance - margin and non margin - with similar functionality to all the advanced orders available on Bitfinex. Ideally, this tool would also show all open margin positions, with base price, profit/loss %, margin call price in one neat little interface. Basically making trading on Binance as nice and easy as trading on BFX. The "scaled orders" option specifically is very useful for trading altcoins, so you can set a low price, a high price, and # of orders, and automatically place a spread of orders in that range of values. Doing this by hand is super time consuming and annoying, I really love the "scaled orders" option on bitfinex, but these days there's just no volume, and fees are much higher than binance, so it's not really an option anymore. Oh yeah, "iceberg ordering" would be another nice feature to have in this tool.
Would anyone be interested in making something like this, or know of anything that already exists? Thanks!
advanced orders interface on BFX
open margin positions information
submitted by Cryptographic1 to binance [link] [comments]

Global Electronic Trading Platform Market: Technology, Future Trends, Market Opportunities 2020 & Key Players: Fidelity, TD Ameritrade, Ally Invest, etc.

Global Electronic Trading Platform Market: Technology, Future Trends, Market Opportunities 2020 & Key Players: Fidelity, TD Ameritrade, Ally Invest, etc.

Electronic Trading Platform Market
The research report on the Global Electronic Trading Platform Market presents the readers with market overview and definitions, segmentation, applications, raw materials used, product specifications, cost structures, manufacturing processes, and so on. The report inspects the global market scenario, including the product pricing, production and consumption volume, price, value, cost, volume, supply, demand, capacity, market growth rate, and forecasts till 2026.
Request Sample Copy of Global Electronic Trading Platform Market Report: www.empiricaldatainsights.com/sample-request/11402/
The Global Electronic Trading Platform Market Can Be Segmented As:By Leading Players: Fidelity, TD Ameritrade, Ally Invest, E*TRADE, Interactive Brokers, Charles, Plus500, Merrill Edge, Huobi Group, MarketAxess, Tradestation, Bitstamp, eToro, BitPay, Eoption, AAX, Octagon Strategy Limited, ErisX, Blockstream, Bitfinex, Tradeweb, DigiFinex, Templum, Unchained Capital, Cezex, SIMEX, GSR, Xena Exchange, Tilde Trading, Kraken
By Type Analysis: Commissions, Transaction Fees, Other
By Application Analysis: Institutional Investors, Retail Investors
The research report on the Global Electronic Trading Platform Market is a comprehensive study of the current scenario of the market, covering the key market dynamics. The report also provides a logical evaluation of the key challenges faced by the leading pioneers operating in the market, which helps the participants in understanding the difficulties they may face in the future while functioning in the global market over the forecast period.
Browse Table of Contents with Facts and Figures of Electronic Trading Platform Market Report at: https://www.empiricaldatainsights.com/industry-report/electronic-trading-platform-market/11402/
Key Highlights of the Table of Contents:
  1. Electronic Trading Platform Market Study Coverage: It consists key manufacturers , key market segments, the scope of products offered in the global Colposcopy market, years considered, and study objectives. Additionally, it touches the segmentation study presented in the report on the basis of the type of product and applications.
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Report Objectives: -Analysis of the global Electronic Trading Platform market size by value and volume. -To accurately calculate the market segments, consumption, and other dynamic factors of the various sections of the Global Electronic Trading Platform market. -Determination of the key dynamics of the global Electronic Trading Platform market. -To highlight key trends in the global Electronic Trading Platform market in terms of manufacturing, revenue, and sales. -To summarize the top players of the Global Electronic Trading Platform market and show how they compete in the industry. -Study of industry processes and costs, product pricing and various trends associated with them. -To showcase the performance of different regions and countries in the Global Electronic Trading Platform market.
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The Electronic Trading Platform industry research report studies the production, supply, sales, and the current status of the market in a profound manner. Furthermore, the report studies the production shares and market product sales, as well as the capacity, production capacity, sales, and revenue generation. Several other factors such as import/export status, demand, supply, gross margin, and industry chain structure have also been studied in the Global Electronic Trading Platform Market report.
About us:
An optimally formulated blueprint is the main essence of a successful business. To prepare a similar blueprint - accurate and well-informed data is required to make simplified decisions. We at Empirical Data Insights assimilate the same quality of data through our discreetly prepared market reports. Providing the right data to businesses and cater to the process of decision making or capturing markets, is what we aim to do. Our reports will prove to be useful in each & every step of the chain and business process.
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submitted by Sammy_kane to u/Sammy_kane [link] [comments]

BitOffer Institute: Parse of Bitcoin Options by Lucian, Chief Analyst

BitOffer Institute: Parse of Bitcoin Options by Lucian, Chief Analyst

https://preview.redd.it/97g8khceloh41.png?width=1501&format=png&auto=webp&s=2949f176163b5559dd487efe77891a6877fbe0d2
The last October, BitOffer officially launched Bitcoin Options, which was the first intraday Bitcoin Options that requires 0 fees, 0 margins, and no exercise, and be able to reach 2,000X leverage. The most significant feature of BitOffer Bitcoin Options is that the investors are enabled to earn a thousand times payoff whether the bull market or bear market. The purpose of launching Bitcoin Options is to provide investors an accurate hedge tool and an extra trading product. It is worth mentioning the price index of BitOffer Bitcoin Options is a weighted average of bitcoin prices from selected exchanges( Including:Kraken,Bitstamp,Coinbase,Bitfinex,Huobi,Binance,OKEX) with significant trading volumes, which makes it fair and transparent.
Q: What is Bitcoin Options?
Lucian: Bitcoin Options is a prediction of the movement of Bitcoins in the future. Essentially, it operates like the spot trading, but it allows the investors to buy call or put: Call when the investors expect the market to be bullish, Put when the investors expect the market to be bearish. Its profit formula is the same as that of the spot trading: Within the Options contract period, the investors would earn the price spread if the investors choose the correct direction. In short, BitOffer Bitcoin Options allows the investors to use a small budget to bet the change of the Bitcoins in the future and earn a considerable profit.
Q: How do we trade Bitcoin Options?
Lucian: BitOffer Bitcoin Options supports 2-mins, 5-mins, 1-hour, 4-hours, 12-hours, 1-day and 7-day contract period for investors to choose.
For example, the Bitcoin price now is $10,000, and you hold the view that the Bitcoin price will rise in an hour, then you buy a 1-hour call options contract with $10. After then, the Bitcoin price rises by $500 in an hour, you will earn $500 as profit when the contract settled, which means that you will earn a 50 times payoff as a return.
Q: Is Bitcoin Options the best hedge tool ever?
Lucian: BitOffer Bitcoin Options, the most innovative Bitcoin Options, is the best hedge tool ever for Bitcoin trading on the spot trading.
Then, how do the investors hedge their Bitcoin trading from the risk of the Bitcoin prices decreases?
For example, now the Bitcoin price is $10,000. When it rises to $11,000, the profit will be $1,000.
However, what if it falls to $9,000? If you do not hedge your Bitcoin trading, you would directly lose $1,000.
If you hedge your Bitcoin trading by buying a put options contract with $10, when the Bitcoin price drops from $10,000 to $9,000, you would earn $1,000 from the put options contract. Thus, your $1,000 loss on the spot trading would be hedged. This is how Bitcoin Options attracts investors.
Q: Which exchanges offer Bitcoin Options?
Lucian: There are few exchanges that offer Bitcoin Options now. Only BAKKT, CME, BitOffer, Binance JEX, OKEx, etc. do, but except BitOffer, the Bitcoin Options offered by the others belong to European Options, which means investors need to buy a whole Bitcoin, otherwise, they will only be able to give it up and lose the options premium. However, BitOffer Bitcoin Options is much simpler due to its features of 0 margins, 0 fees, and no exercise requirement.
Q: For newbies, which is much more suitable? Options trading or spot trading?
Lucian: The essences of Bitcoin Options and the spot trading are the same because a Bitcoin Options contract equals to the right of holding a Bitcoin.
We can make a simple comparison of Bitcoin Options and the spot trading:
When the Bitcoin price is $10,000,
  1. Buying a Bitcoin needs $10,000;
  2. Buying a Bitcoin Options contract needs a minimum of $5.
If the Bitcoin price rises from $10,000 to $10,500, you would earn $500 in both.
The payoff of these two is the same, but the budgets have a 200-fold difference.
On the contrary, when the Bitcoin price falls, if you predict the wrong direction, your largest loss in Bitcoin Options will only be the premium of your Bitcoin Options contract, which means you will only lose $5. The payoffs of the spot trading and Bitcoin Options are the same, but the budget of investing in Bitcoin Options is much lower, which makes the risk become lower.
Q: Are investors able to experience Bitcoin Options for free?
Lucian: For now, BitOffer is holding campaigns for Bitcoin Options, the date of the campaign now is 2020.2.14 09:00 to 2020.2.28 09:00 (UTC+8). In this period, new registrations on BitOffer will receive 50 USDT on their bonus account to experience Bitcoin Options for free. Moreover, the 50 USDT for experiencing Bitcoin Options is allowed to withdraw after applying.

https://preview.redd.it/q4vo83ikloh41.png?width=1456&format=png&auto=webp&s=4f5a686240a954b61f9e605f3c814a988c74ab9d
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

The Absolute Fucking Impossibility of Reporting Taxes On This Shit

EDIT: PLEASE STOP ASKING ME FOR DAY-TRADING TIPS. LEARN BY DOING.
I'm in the US. I day-trade cryptocurrencies and have made tens of thousands of orders across many pairs and exchanges (and have made substantially more than I would have by just "hodl xd", even with short-term penalty added, thank you very much). Uncle Sam wants his pie. Okay, fine. I know exactly how much I've made by simply tallying the deposits and withdrawals from by bank to my fiat gateways, and I'm willing to be taxed on that, but...
The IRS expects me to report every single transaction on a form with each interval gain and loss step reported in USD. Every single one of my tens of thousands of orders and partial trades, most of which having no actual valuation or realization in USD, yet somehow I'm expected to calculate the imaginary USD gain/loss of each when BTC/USD fluctuates by whole percents every other minute on the reference fiat exchange (GDAX, say). No matter what painstaking diligence is paid to reporting the notional USD gain/loss for every alt pair and perpetual swap trade by cross-referencing those irrelevant data points, I will inevitably end up with a totally fictional sequence of numbers that deviates significantly from my known, actual USD gain from what hit my fucking bank and what is presently on my exchange accounts. This especially when transaction and trading and funding fees are taken into account, as well as the nightmare of slippage and partial fills.
Also Bittrex completely wiped out my trade history, and everyone else's from what I hear, but my deposits/withdrawals are still there and that should really be all that matters (but not to the IRS apparently). I also had a stint on poswallet.com, same situation.
Now here's the mind-melting part: I use BitMEX. I've made most of my gains from there. (Yes, I know that US customers are ostensibly disallowed by BitMEX from using BitMEX, but we all know this is lip service, and it is not illegal in itself by US law to violate a site's T&S, and honestly BitMEX rocks so hard I'd be willing to set up an offshore company to keep using it). The IRS virtual currency guidance defines cryptocurrency as "property" and seems to concern itself with "exchange of virtual currency for other property", which is taxable. Okay, but is a perpetual swap or futures contract taxable? How is it possible to calculate the "cost basis" of a BitMEX position, where posted margin can arbitrarily and dynamically scale? No actual buying or selling of bitcoin occurs on BitMEX, so how is it taxable? How is it reportable? How?
How the fuck do I even report any kind of short position on Form 8949? This would apply to Poloniex and Bitfinex as well.
The IRS stipulates different (and highly favorable) tax rules for conventional futures trading, such as the 60/40 rule, where as I understand it 60 percent of futures gains are considered long-term and 40 percent are considered short-term, as marked-to-market. Would this apply to BitMEX futures as well? And how about when, at the end, you withdraw your bitcoin from there and it becomes "property" again to sell for fiat?
Even if I went to a tax attorney or CPA, as I intend to do, would they know more than me what with the terribly incomplete guidance the IRS has given about all this? Nevermind the logistical insanity of the step-by-step fictional USD conversion process. And forget about bitcoin.tax; they don't handle BitMEX or any kind of serious trading activity.
I've made a lot of money. I'm fine with being taxed fairly on my net gain. But the IRS has not adequately addressed the problems I have described in their guidance. What the hell do I do?
submitted by IshizakaLand to CryptoCurrency [link] [comments]

How and why exchanges are manipulating the price in order to capitalize on the new market dynamics

The current market seems to be largely driven not by organic buying and selling, but by exchange driven manipulation of the spot market to exploit the current dynamics of leverage trading. We just saw it again now as they liquidated 3K longs but you can see this pattern of clear manipulation over and over in the last few weeks .
We have seen several forces set an incentive for exchanges to do this:
Some exchanges like Gemini have reacted to all of this by increasing their trading fees by 400%. Meanwhile Bitfinex specifically seems to be using its hefty weight to manipulate the price in order to capitalize on the record number of people using margin to bet.
Both longs and shorts are bets on the price moving up or down and they have a "liquidation price" at which they get liquidated by the exchange, essentially the exchange gets the entire stack they bet with and extracts a high market fee multiplied by the leverage. Since the exchanges know the characteristics of the outstanding shorts/longs, and since volume is low after these pumps or dumps leading to sideways drift, they can essentially engineer movements in price that create income in terms of liquidations. When there are lots of overleveraged shorts, an exchange can pump the price with bots briefly and collect the short position. Same with longs but in reverse, a quick burst of selling pressure.
You can see this in the most recent pumps too on Bitfinex, where 1K buy orders appear out of nowhere after long sideways movement only to be followed by either sideway movement or slow bleed on pathetic volume:
https://i.imgur.com/3YaWVBI.png
https://i.imgur.com/pvpcd7Z.png
Take a look at the most recent pump up to 7K, it instantanously liquidated about 700 short positions:
https://i.imgur.com/3sCLEB8.png
Now this last dump was a laddered 12.5K sell order on Bitfinex that liquidated around 3K long contracts
https://i.imgur.com/znYyUT8.png
Bitfinex tends to be where the big money traders move (their minimum deposit is 10K) so even if each long position was only 0.5 BTC on average they exchange would make a ton of money. If you look at the BitmexRekt twitter feed that shows a running list of Bitmex liquidations with humorous commetary, you will see many >$1 million dollar positions being liquidated during these moves.
This is what all the "Bart" formations we have seen stem from. Its not George Soros pumping Bitcoin for shits and giggles, nor is it the nebolous "whales". They have no incentive to try and pull off PnDs now that it only leads to either sideways movement or decline after the pump. A PnD only works if the delta between the top of the pump end point and dump initiation point is positive, while now it seems to be followed by sideways movement. Those who do want to bet on further upward movements seem to be doing it off the spot market, using margin with futures and perpetuity swaps on Bitmex. This makes the low volume spot market ripe for manipulation, exchanges like Bitfinex and Bitmex have every incentive right now to manipulate the price.
Looking back it seems almost inevitable that this would have happened, that traders would try to replicate the gains they saw by buying and selling on the spot market a few months ago by using increased leverage and derivatives. In December and January there were days where your holdings would increase by at least 20% no matter what you bought. Once you experience those 20% daily gains you don't want to go back to a market where it slowly bleeds down a few percent every week, so people jumped in on high leverage short positions to multiply their profit on those single percent moves down.
For the small time investor there really isn't much you can do to stop this. This is what being part of an unregulated market means, it means that things like wash trading and long/short liquidation hunting is allowed.
All you can really do if you're a trader is look at the current ratio of longs vs shorts on Bitfinex and be aware that once short contracts become too high its possible that an exchange may pump the price to profit on it, while if the longs become too dominant we may see a dump.
Edit: Bitfinex, not Bitfenix.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Question regarding Bitmex Funding Rate

In the XBTUSD Perpetual Contract page it is stated that the Funding Rate is comprised of two main parts: the Interest Rate and the Premium.
Premium seems self explanatory. It is calculated using a difference between the weighted average of the price in multiple exchanges and Bitmex's orderbook to discourage longs when price is trading at a premium and vice versa.
I am confused about the Interest Rate component. The XBTBON page shows that the interest rate has been an constant of 0.0300%.
The stated formula for calculation is:
Interest Rate (I) = (Interest Quote Index - Interest Base Index) / Funding Interval
where
Interest Base Index = The Interest Rate for borrowing the Base currency
Interest Quote Index = The Interest Rate for borrowing the Quote currency
Funding Interval = 3 (Since funding occurs every 8 hours)
I find this confusing because unlike Bitfinex or Poloniex, Bitmex does not seem to have a borrowing market. From whom is XBT/USD borrowed? Is it from bitmex and do they get the Interest? If I go long XBTUSD at 5X margin am I borrowing the contracts at a fee from Bitmex?
submitted by warproxxx to BitMEX [link] [comments]

[Daily Discussion] Thursday, June 25, 2015

Welcome to the /BitcoinMarkets daily discussion thread!
Thread topics include, but are not limited to:
Thread Guidelines
Other ways to interact
submitted by AutoModerator to BitcoinMarkets [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/cmgzvivop8y31.png?width=540&format=png&auto=webp&s=efae868fb8d23b08d126359e06ee28be02350325
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
View MVP: f the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface, The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/
submitted by ParamountDax to ParamountDax [link] [comments]

Best exchange?

Currently using poloniex but it's laggy and sometimes I lose on trades simply because it doesn't show you what you get after fees. Any exhange with lower fees, good volume?
submitted by ZephyrPro to LitecoinMarkets [link] [comments]

Sent Bitcoin to Bitfinex from Exodus Wallet

I paid $7.40 in fees. This crap really adds up and it takes longer to transfer than IOTA. This is in the crappy stages of IOTA (not as many transactions on Tangle). I wonder how quick everything will be when we have Bitcoin's level of transactions and proper infrastructure. I am really excited for the next couple of years.
submitted by ShadyAce25 to Iota [link] [comments]

Ethereum's future is bright, the DApps are coming!

The DApps are coming, the DApps are coming!

Chin up boys and girls – the DApps (Decentralized Apps) are finally coming. Utility, not speculation/manipulation/shilling etc., is what, in the end, will give/justify the value of blockchains.
 
Of the top 100 tokens, 91 of them are on the Ethereum blockchain (ERC-20). The most valuable non-Ethereum tokens by market cap are USDT (4) and GAS (25). Eventually, ICX (6), VeChain (3) and EOS (1) and several others will be migrating to their own blockchains. Still, this leaves Ethereum with an overwhelming market dominance for tokens (aka DApps) and Ethereum has been clearly recognized as the blockchain to launch ICOs/DApps.
 
We have already seen several DApps successfully launch on mainnet including CrytptoKitties, Crypto Sportz, Edgeless, Etherbots, Ethercraft, Etheremon, Etheroll, ETHLend, Forkdelta (RIP Etherdelta), 0xBitcoin and Ethlance among others. Check out a whole list on DappRadar and track the progress of some lesser known, smaller projects on StateoftheDApps (Note: I cannot vouch for all of these DApps. There have been and always will be scammers in the crypto space. Please, always do your own research!)
 
For the rest of March + Q2 (April - June) we are going see the biggest implementation of DApps on the Ethereum mainnet to date. Below I’ve laid out, in alphabetical order and in varying detail, what’s happening between now and the end of Q2 of this year. (I’ve also added some info, where especially relevant, of big stuff coming after Q2). I hope any biases I may have do not come through too much in the writing.
 
To hammer home on utility once more: One year ago today, the daily transaction count was at 57,000. Yesterday, the network confirmed over 752,000 transactions (a 13x increase) (And remember, ATH in January was 1.349 million txns!) [Source]
 

On to the DApps:

 
Airswap
Subreddit
 
Aragon
Subreddit
 
Augur
Subreddit
 
BlockCAT
Subreddit
 
Digix
Subreddit
 
Ethorse
Subreddit
 
FunFair
Subreddit
 
FundRequest
Subreddit
 
Giveth
Wiki
 
Golem
Subreddit
 
iExec
Subreddit
 
Kyber
Subreddit
 
MakerDAO
Subreddit
This project can take a little time to understand, so here's a thorough ELIM5 walkthrough.
 
Melonport
Subreddit
 
OmiseGO
Subreddit
 
Request
Subreddit
 
Spankchain
Subreddit
 
status.im
Subreddit
 
Streamr
Subreddit
 
The 0x Protocol
Subreddit
 
Also, an informative article about some of the differences between the various decentralized exchange protocols here.
 
Some general Ethereum news to be excited about:
 
  • Vitalik recently hinted, in a since deleted tweet, that the sharding testnet will be coming online in the near future (I think Q2 isn’t too early a guess).
    • What is sharding? Sharding is where the entire state of the network is split into a bunch of partitions called shards that contain their own independent piece of state and transaction history. In this system, certain nodes would process transactions only for certain shards, allowing the throughput of transactions processed in total across all shards to be much higher than having a single shard do all the work as the mainchain does now. [Source]
 
  • Alpha Casper FFG testnet has been successfully running since Dec. 31, 2017.
    • What is Casper? Casper FFG aka Vitalik’s Casper is a hybrid POW/POS consensus mechanism. This is the version of Casper that is going to be implemented first. In a Proof of Stake system, validators stake a portion of their Ethers and start validating blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it by placing a bet on it. [Source]
 
(To stay up-to-date on Ethereum research development, check out Ethresear.ch)
 
  • The Ethereum Community Conference (EthCC) is March 8-10 in Paris. Talks will focus around “scalability, anonymity, development tools, governance compliance” among other topics.
    • Speakers include representatives from the Ethereum Foundation, Ledger, Metamask, Shapeshift, Oraclize, Uport, Web3Foundation, Melonport, ConsenSys, JP Morgan, Coinbase – Toshi, Parity, SpankChain, FunFair, Aragon, AirSwap, EEA, IExec, Cosmos, OmiseGO, Circle, Gnosis, among others.
    • UPDATE: EthCC was a resounding success! If you missed it or want to re-watch any of the talks, check out this handy thread of videos, painstakingly culled and timestamped by u/alsomahler.
  • The Ethereum Developer Conference (EDCON) is May 3-5 in Toronto. This will be the biggest ETH dev conference since DEVCON 3 last November. The agenda is still being worked out, but speakers include representatives from the Ethereum Foundation, Polkadot, Parity, Plasma, OmiseGO, Cosmos, Tendermint, Giveth, Maker, Gnosis, and many others.
  • The Enterprise Ethereum Foundation (EEF) just keeps growing and growing and growing.
 

More, because I just can’t stop:

  • MetaMask recently passed 1 million installs!
  • 5.6 billion requests per day for Infura.io (Decentralized web3 infrastructure)
  • 280,000 downloads of TruffleSuit (ETH development framework)
    [Source]
 
  • ConsenSys has grown to over 600 employees in six major offices located around the world. I personally think ConsenSys is important (and awesome) because they are huge Ethereum evangelists and provide (in)valuable resources to help bring DApps come to life!
    • From their website: “The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and the formation of joint ventures. These spokes benefit from foundational components built by ConsenSys that enable new services and business models to be built on the blockchain.”
    • Several of the projects I listed above are ConSensys formations including AirSwap and MetaMask.
 
Thanks for reading this far! Hopefully it wasn’t too exhausting of a read.
 
I am certain I have forgotten some DApps, so please feel free to comment/PM any and all suggestions/corrections to make this list more informative/inclusive/accurate and I will update it.
TL;DR
submitted by GetYourAssToPluto to ethtrader [link] [comments]

BitMEX Margin Trading – How to trade video tutorial How to buy and sell bitcoin on Bitfinex Margin Bitfinex Bitfinex margin trading español bitfinex funding

Trading Fees. Trading is either zero-fee or a small fee depending on the trader's trading activity in the last 30 days. Trading fees have a distinction of a "maker" fee or a "taker" fee. 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 exchange charges different kind of fees, for instance trading, deposit and withdrawal fees. Let’s have a look at Bitfinex’s fee policy for each type. Trading Fees. Trading fees differ for Takers and Makers. Maker fee is 0.1% and Taker fee is 0.2% and the fees are gradually decreasing depending on you 30-day trading volume. Deposit Bitfinex is the longest-running and most liquid major cryptocurrency exchange. Founded in 2012, it has become the go-to platform for traders & institutional investors. The fees schedule for various Bitfinex services. Note: Please exercise extreme care when depositing tokens. In cases where token recovery is needed due to a lack of information provided by you during deposit (e.g., missing or wrong tag, memo or payment id) Bitfinex will charge you a $150.00 fee for the token recovery.

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BitMEX Margin Trading – How to trade video tutorial

Learn how to trade crypto on Bitfinex with this in depth guide / tutorial. NO MINIMUM DEPOSIT ON NOW: https://bitfinex.com/?refcode=M7lscFdR 1:09 - Create Yo... Como poner una orden de margin en Bitfinex. For the Love of Physics - Walter Lewin - May 16, 2011 - Duration: 1:01:26. Lectures by Walter Lewin. Que es el margin trading Bitmex vs Bitfinex - Duration: 52:34. Satoshi Trading Club 2,692 views. 52:34. Don't Talk to the Police - Duration: 46:39. Regent University School of Law 6,478,229 views. $100 A Day Trading On Binance ... How To Buy Cryptocurrency With ZERO Fees! Don't Buy on Coinbase (GDAX Tutorial) ... Basically FREE Money Margin Lending on Bitfinex - Duration: 10:13. ⚡️ Welcome Welcome Group "Margin Trading" Gather a Closed group, and while out instructions and deals ===== Ký Advertising sign: BingBon: https://bit.ly/bingbon0 (Transactional copy floor ...

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