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For all the bad press that Bitfinex gets, they're the only exchange that I know which lets you sign up for an account and start depositing, trading and withdraw

For all the bad press that Bitfinex gets, they're the only exchange that I know which lets you sign up for an account and start depositing, trading and withdrawing cryptocurrencies in less than 10 minutes. At least when my money is on Bitfinex, I know that I can take it all out at any time... With that kind of liquidity, I wouldn't care if Bitfinex was owned and operated by a colony of wild monkeys. I don't care if they get hacked, so long as they don't get hacked during that small 10 minute window when my funds are sitting on their wallets. By comparison, I've been waiting for 1 month and a half to get my account verified on Bittrex (to enable withdrawals). Ticket #347145

deleted 9y ago
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kurthr 9y ago
That ability to withdraw even from Bitfinex appears to be limited to small (1 BTC) amounts. They like others have quite onerous verificatiin and anti-moneylaundering documentation requirements and give themselves at least a month to review your papers. You, like most people, won't need to get out a lot of money, until you do... and then you may not be able to. Good luck :^)
sireat 9y ago
This is nice, but how quickly can you withdraw USD from Bitfinex? You can get USDT out but what do you do with it if you want USD? I mean, any half competent startup should be able to rig up a system allowing deposits and withdrawals of cryptocurrencies only AS LONG as no real world banks are involved. The weak spot of all crypto exchanges has been banking regulations. Disclaimer: I've never put any of miniscule BTC holdings on exchanges when I saw how shakey MTGox was looking. The only quick and workable solution seems to be localbitcoins.