Bitfinex margin trading explained
This will happen when your position is worth To calculate the liquidation price we need to know the price to sell the BTC at to end up with that amount: This can vary a bit, due to interest payments and fees. Note that when you are margin trading you will be borrowing funds and interest rates will be charged.
The rate is determined by our p2p liquidity providing platform and depends on offer and demand. When you open a margin position long or short the needed liquidity will be automatically borrowed at the best available rate.
The system takes the best available offer s , i. Period is not relevant for matching the margin trader's demand to available offers. When a margin funding contract used in an active margin position expires, the system automatically renews the margin funding demand again to the best available offer s. Bitfinex Knowledge Base Trading. How do I close an open position? When you are finished trading and wish to withdraw your funds to a personal wallet or bank account, you can do so through the Withdraw function on your Bitfinex home page.
To withdraw fiat currencies USD or Euro , your account first needs to be verified. After verifying your account, simply make your way to the withdrawal page , pick a currency USD, Euro and fill in your wire information name, address and banking details. The fee structure for withdrawing fiat currencies is 0. Standard withdrawals are processed within 7 days. Express fiat withdrawals are processed with 24 hours or 1 business day , at a fee of 1. To withdraw cryptocurrencies, make your way to the withdrawal page.
From here, select the cryptocurrency you wish to withdraw, e. Ethereum, and fill out the information as required. This includes filling out -. After confirming that you have read and understood the conditions for auto-withdrawal processing, click request withdrawal.
Below are a compilation of resources which may answer any potential questions you may have -. Reports can be downloaded for whichever date range required, in spans of 3 months at a time.
Bitfinex Knowledge Base Getting Started. Articles in this section What is Bitfinex? Can I take advantage of Bitfinex's features if I don't trade? Is there a tutorial on using Bitfinex? See more Welcome to Bitfinex. Bitfinex is made up of 3 core features: Exchange Trading At the heart of Bitfinex are central limit order books for the spot trade of digital tokens.
Margin Trading Bitfinex allows qualified users to trade with up to 3. Margin Funding The P2P financing market provides users with a way to earn interest on their digital assets through lending out their funds to other users who want to trade with leverage.
To Get Started The first thing you need to do after creating your Bitfinex account is to optimise your security settings. We have a number of additional recommendations for all users who wish to ensure the safety of their funds - Enable two-factor authentication 2FA. Setup a withdrawal confirmation phrase. Lock or disable withdrawal addresses for all currencies. Disable "Keep Session Alive". Limit access to your account based on IP address.
Enable PGP email encryption. Depositing Funds To get started with trading on Bitfinex, you will first need to deposit some funds. Fiat Currencies Note that if you wish to deposit and trade fiat currencies USD or Euro , you will first need to verify your account. Cryptocurrencies To make a deposit, visit the Deposit section of your Bitfinex account, found in the top right corner. Margin Wallet is used when trading on margin. Funding Wallet is used when providing financing for other margin traders.
Where is my deposit? Why is my deposit unconfirmed? Deposit Fees Please keep in mind that deposit times can fluctuate hugely based on network congestion, and the gas price used to send the deposit. Making Your First Trade You are now ready to make your first trade. To make a trade, follow the steps below - Make sure your funds are on your Exchange wallet. To transfer funds to your Exchange wallet, follow the steps outlined here. Find to the Trading page and select the pair you wish to trade e.
To make things simpler you can choose Market Order, resulting in your order being executed immediately at the current market price. When you have specified the type of order, size and price, simply click Exchange Buy or Exchange Sell to execute. Margin Funding If you are not a trader and prefer safer investments, then the Bitfinex Margin Funding feature might be for you.
Margin Trading Bitfinex also allows users to trade with up to 3. Cryptocurrencies To withdraw cryptocurrencies, make your way to the withdrawal page. This includes filling out - The external address where you wish to send the funds The amount you wish to send The wallet you wish to send from e. Exchange wallet After confirming that you have read and understood the conditions for auto-withdrawal processing, click request withdrawal. Below are a compilation of resources which may answer any potential questions you may have - H ow do I make a withdrawal?
How long does it take for a cryptocurrency withdrawal? How long does it take for a wire withdrawal? Where is my withdrawal?