We have decided to unify our BTC and LTC trading fee schedules into one universal tier structure based upon overall USD value traded in the last 30 days. We have also added additional tiers that reduce the taker rate. This new system will allow traders to get the benefit of their BTC volume when trading LTC and vice versa. Because we are anchoring the tiers to the USD value traded, our customers will find it easier to maintain their tier in fluctuating markets, most notably saving money over the old system in the event of a future price rise. The new rates are as follows:
|USD Value Executed in Last 30 Days||Maker Fee||Taker Fee|
|From $500,000 to $999,999||0.08%||0.20%|
|From $1,000,000 to $2,499,999||0.06%||0.20%|
|From $2,500,000 to $4,999,999||0.04%||0.20%|
|From $5,000,000 to $7,499,999||0.02%||0.20%|
|From $7,500,000 to $9,999,999||0.00%||0.20%|
|From $10,000,000 to $14,999,999||0.00%||0.18%|
|From $15,000,000 to $19,999,999||0.00%||0.16%|
|From $20,000,000 to $24,999,999||0.00%||0.14%|
|From $25,000,000 to $29,999,999||0.00%||0.12%|
Please note that customer tiers are determined on an hourly basis. In the case of the LTC/BTC trading pair, the USD equivalent will be based upon the BTC/USD VWAP (Volume Weighted Average Price) for the day the trading occurred.
This new fee schedule will go into effect on Monday, August 17th at 00:00:00 UTC. We understand that a significant change in our fee methodology will affect some users more than others. As such, we have tried to minimize the overall impact on our traders while still meeting our objective of moving to a unified, USD-based fee schedule that remains very competitive in the marketplace.
Once again, we wish to thank all of our customers for their continued loyalty, which has made Bitfinex the number one platform for BTC/USD liquidity in the world. We look forward to serving the community’s ongoing trading needs as we continue to update and improve our trading platform. As always, we welcome your feedback.
Today we’re happy to release a refreshing overhaul to the Bitfinex interface.
However, you’ll notice that this is not precisely a “redesign”. In fact, the core of the application remains very familiar. Our goal was to smooth out rough edges, tighten a few loose bolts, and make the site more enjoyable to use.
We have exciting design and platform improvements scheduled for the coming weeks, but until then we hope you enjoy this small refresher.
We anticipate your feedback at [email protected].
Feeling nostalgic? The old interface will remain available at https://nostalgia.bitfinex.com until August 6th.
Due to the Dragon Boat Festival Holiday in Taiwan on June 20 all banks will be closed Friday June 19. No deposits or withdrawals by wire will be processed this day.
The Bitfinex team
In an effort to eliminate "orphaned" withdrawals requests, Bitfinex will start to automatically cancel withdrawals that have been pending e-mail confirmation for over an hour. Canceled withdrawal amounts will be credited back immediately to customer accounts. We are doing this as a service to our customers who might overlook confirmation e-mails in their inbox and forget about the amount. Until now, we have been manually cancelling such requests at irregular intervals.
Due to the Tomb Sweeping Day in Taiwan all banks will be closed this coming Friday (3 April) and coming Monday (6 April). No deposits or withdrawals by wire will be processed these 2 days.
The Bitfinex team
Due to the Chinese New Year festivities in Taiwan all banks will be closed from Wednesday 18 February up to Monday 23 February.
On Tuesday 24 February the banks will re-open. During this period Bitfinex won¹t be able to process incoming and outgoing wires.
In addition to this also Friday 27 February is a banking holiday in Taiwan (228 Memorial Day).
The Bitfinex team
Bitfinex is pleased to announce the availability of Tether as a withdrawal and deposit method for our verified clients.
Verified users now have an additional “Tether” funding option, along with “Crypto-Currencies” and “Wire Transfer” on the Deposit and Withdraw pages. Tether is a Bitcoin-compatible token which represents one dollar, and can be held in any Tether-enabled Bitcoin wallet (Omni Wallet or Tether.to). Tether tokens can be deposited and traded for other tokens at exchanges that support Tether. Tethers can also be withdrawn and held in any Bitcoin wallet where you control the private key, including offline and paper wallets, allowing users to hold their US Dollar balances in a cryptographically secure manner, just like bitcoins.
Each Tether is backed 1-to-1 by its corresponding currency, which can be viewed and verified in real-time via the Tether.to website and on the Blockchain. Tether will be fully transparent and audited to demonstrate 100% reserves at all times.
We see Tether as a significant optimization for the problems that plague bitcoin traders and exchanges when interfacing with the traditional banking system. We proudly support Tether and encourage other exchanges, OTC traders, and arbitrageurs to also use Tether. We believe that widespread adoption of a secure Blockchain-compatible ‘crypto-dollar’ will lead to better price discovery, market transparency and liquidity.
More information is available at https://tether.to and the press release can be read here