I'm trading on Bitfinex but some aspects of it are a little confusing. Figured I'd start a thread to hopefully get some questions answered, but I'll also be happy to document my experiences.
Thanks - yeah I guess I can view the chart in a different window on the Tradingview website, but I liked having my charting and trading controls in one window.
Man that looks really good... Although I do have the stop option, but I have to manually calculate the value and jump through some hoops to place the order. And even then, I don't know if it'll work.
My advice... switch to Bitmex {image} {image} {image}
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Bitmex is a completely different animal than Bitfinex. Leverage can go up to 100x and more compared to 3-5x on bitfinex.
Also you are trading a contract derivative instead of the spot price. So you have to pay different fees.
{quote} Bitmex is a completely different animal than Bitfinex. Leverage can go up to 100x and more compared to 3-5x on bitfinex. Also you are trading a contract derivative instead of the spot price. So you have to pay different fees. One good thing about bitmex is that if you only use limit orders instead of markets, they actually pay u back some fees: https://photoshar.in/bitmex-negative-fees
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Yeah, that is true, but you are really relying on the counterparty regardless of who you play with out there and how they structure it. I don't trust any of these crypto brokers so it doesn't much matter to me. I'd just never hold very much in an account until the market matures.
Until then whatever cockamamy derivative contract Bitmex or anyone else wants to come up with is fine by me as long as it is generally priced in line with the "underlyer". The fees at Bitmex have been fine too.
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I recommend deribit . Bitfinex is too shady, Bitmex has horrible execution and liquidates to 0 . Derbit is fast more like an MT broker so you at least have a fighting chance.
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