Bitcoin and cryptocurrency exchange buy sell and margin
If you wish to use 2x leverage only, the size of your position should only be worth USD. The position was worth Your position will be forced liquidated at market price. 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. More information on required deposit confirmations can be found here. You are now ready to make your first trade. To make a trade, follow the steps below -. Your order should now appear in the Orders section, visible below the Chart. Once your order is executed, your funds will be credited to your Exchange wallet and the executed or canceled order will now move to the Order History tab.
Making your first trade on any exchange can be stressful as it often seems like there are many variables to keep in mind. The first box, Limit , shows the type of order. A limit order allows you to specify the exact price and quantity you want in contrast to e. Keep in mind that this is not the total price you wish to pay, but the price per individual token.
To make a purchase, click exchange buy; to sell DATA, click exchange sell. For more information on trading, visit our Trading on Bitfinex Knowledge Base.
If you are not a trader and prefer safer investments, then the Bitfinex Margin Funding feature might be for you. You can enter offers with your own chosen terms desired return rate, duration, and amount. When an offer is taken by a margin trader, the money in your Funding wallet will be used by the trader to buy or sell bitcoins open a position on margin. Margin funding is a slightly more advanced topic but is quick to master.
Additionally, your margin funding strategy can be set to auto-renew, putting your funding strategy on auto-pilot and earning you interest upon interest upon interest. Bitfinex also allows users to trade with up to 3. Users can enter orders 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 rates. Margin trading is a highly advanced, high-risk activity and needs to be carefully considered.
Below are a few resources which you can look through for more information on margin trading -. 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.