Bitfinex Reopens Registrations to New Accounts
I was login to Bitfinex and landed on this webpage:
However, this extreme growth has not come without challenges. In fact, one month ago we decided to temporarily curtail new account registration in a move designed to preserve the trading, support, and verification experiences of our existing, long-term user base.
They made New Accounts Requirements that I found particulary shocking
New Account Requirements
Bitfinex is a global liquidity source with a focus on serving professional traders and regional exchanges. We suggest that traders who are new to cryptocurrency trading try another, more straightforward platform first and return to Bitfinex later.
To that end, and to allow us to maintain focus on our core customer base, all accounts created after January 1st, 2018, will have a new activation equity requirement. New accounts will need to deposit fiat or crypto to achieve minimum account equity of 10,000 USD equivalent before they can trade or offer funding. After reaching this minimum, an account becomes fully activated (Note that after this initial activation, account equity is allowed to drop below this activation threshold without consequence).
Existing accounts will not be affected by these changes. This change only affects new accounts.
What is your opinion about these new requirements?
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When these exchanges were closed I saw some accounts events sold at Ebay, the major gains have been already made by Chineese exchanges like Binance & KuCoin, now there is no stopping them. Just my thoughts, I think once Ethos is fully functional & Airswap which is a decentralized exchanges comes to picture, I think these 2 coins hitting $100 per coin.
how do you think or your prediction about bitcoin price in 2018 whether it will be increasing or going down.
I just want to survey some people's opinion
Man, this is shocking for the beggers, but good work for share, thanks for your contribution, i wanna see more post like this, keep sharing and keep in touch.
honestly, I am still trying to buy my first bitcoin and have more research to do, along with a bread wallet, or paper wallet for that matter. I tried Bittrex, who still has not opened my account, over 2 weeks now. Yes I agree, that is not professional of how they worded that to you and there is a lot of clutter. I am a silver/gold bug trying to enter the crypto world and there is so much to learn and learn from mistakes. One thing I wish @Steemit would attain at one point, is there own blockchain, to encourage flat fees of transfer and use that money to put back into the Steem engine. But that may be easier said than done. I will check out your site you have posted about. thanks for the blog. Matt PS I will add you to follow as well. @vlemon
Steemit is on the Steem blockchain. The Steem blockchain is still young, so it will be a bit before more projects are created
In other words, they are saying we've gotten enough accounts that we are capable of managing. All intending new users should look elsewhere or be able to pay the huge price to join. That policy by bitfinex is anti-new user friendly.
Unfortunately, or fortunately (because of increased adoption), most exchanges are having these troubles keeping up with user base :-/
Shame😠