Bitfinex removes $10,000 minimum equity requirement

09 Apr, 2019
by Alberto Arnaldo
Exchange
Bitfinex removes $10,000 minimum equity requirement

After creating the requirement of $10,000 in minimum equity for opening accounts from the 1st of January of 2018, Bitfinex appears to be turning back on its plans.

According to the exchange, the update gives an answer to increased demand over the last 6 months, a sign that the sector is starting to prepare for another bull run.

The modification will not come alone, as other improvements include an upgraded support center, a new KYC portal and a sentiment token information site.

Jean-Louis van der Velde, Bitfinex CEO, commented on their latest decision in the following way, according to a post on the company´s blog:

“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months, we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience. By dropping our minimum equity requirement, the only limits are now set by the traders themselves.”

Read more: Bitfinex App now available for Android and iOS; US governments returns 27.7 BTC to Bitfinex following 120K Bitcoin hack

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Read more about:Bitfinex

Poll

Do you think this is a good move for Bitfinex?

(35 votes)

Add a comment

a lot of traders could not open an account at bitfinex because of the minimum deposit amount. i think now after this change the exchange will get more clients for sure
09 Apr, 2019 - 11:52
now each trader is free to try bitfinex, everyone will be happy after this update
10 Apr, 2019 - 23:36
of course, removing the limit was a great decision from btf
20 Apr, 2019 - 02:16
Of course it's a good move. Will bring more investors to bitfinex. They should've done that a long time ago.
09 Apr, 2019 - 17:18
People aren’t ready to understand that Bitfinex is open now, but I appreciate this chance to finally try the platform
14 Apr, 2019 - 22:26
can't imagine, why that can be wrong really, the company did it absolutely right
19 Apr, 2019 - 01:00
well, now more users will be able to try bitfinex
hope no noobs will come ;D
09 Apr, 2019 - 18:44
oh yes! I am able to try bitfinex now
will not be noob, I promise :D
09 Apr, 2019 - 20:10
It is great strategical move if there is demand, it is wise to make the access to the platform simpler. I also think that as the platformed positioned itself to be for professionals they really needed to work out new features for newcomers. Interesting to see how it will work
09 Apr, 2019 - 21:06
I fully agree with you.
hope newcomers will cope with everything on bitfinex
anyway, its a chance to try and learn pro trading
14 Apr, 2019 - 04:31
wow, bitfinex becomes more available for everyone
will see what it can bring for the exchange
09 Apr, 2019 - 22:27
I believe it will bring only prospects
As was stated bitfinex platform is ready for the new users
11 Apr, 2019 - 23:16
The number of beginning traders at Bitfinex will grow significantly. It will be hard to cope with great amount of people.
10 Apr, 2019 - 01:04
A very questionable move from the exchange. This just might bring more unprofessional people to bitfinex which may lead to some undesirable consequences.
10 Apr, 2019 - 07:59
unfortunately you're right
but hope's still alive
18 Apr, 2019 - 09:44
think that the removal is justified – that’s the best time for Bitfinex to expand
10 Apr, 2019 - 12:57
the high time to expand!
everyone able to try bitfinex
its pro trading platform! what can be better
13 Apr, 2019 - 12:18
was really shocked by news, but in a good way! looking forward to try btf now
18 Apr, 2019 - 23:19
Don’t think that the ratings of Bitfinex can somehow be damaged by the removal, personally, I tend to think that they can be even higher
10 Apr, 2019 - 13:16
I may see that people cannot fully estimate Bitfinex – I think after the removal of the limit more people would change their minds about the exchange
10 Apr, 2019 - 13:37
yea, all the haters are able to try bitfinex now and take they bullshit back
13 Apr, 2019 - 11:38
and Bitfinex upgraded support center?
10 Apr, 2019 - 13:40
as stated bitfinex support center is updated as well as kyc will be easier to pass
11 Apr, 2019 - 22:02
Bitfinex should have done this early, but anyway it’s never late to make new users happy, they must be truly pleased
10 Apr, 2019 - 13:58
no doubts, a right decision from the company)
19 Apr, 2019 - 00:18
It’s nice that Bitfinex heard the willing of newbies, but I’d like to think this huge flow of new customers won’t bring mess here.
10 Apr, 2019 - 14:31
Do you think guys Bitfinex won't change its decision later in the future?
10 Apr, 2019 - 15:32
oh no, i think it is the last bitfinex decision on this topic
good to be available for more users
15 Apr, 2019 - 09:07
more and more traders will not try this exchange. and definitely bitfinex has a lot of interesting features to offer for the clients
10 Apr, 2019 - 16:55
Newbies are lucky to join Bitfinex now, I was saving the money for several months to start here, so this is a great gift for them.
10 Apr, 2019 - 17:33
this minimum amount i think that the reason for traders to choose some other exchange. now all who really want to check out this exchange have the chance to do so
10 Apr, 2019 - 21:38
I tell you, the results of the removing the limit would be great, Bitfinex wants to expand
10 Apr, 2019 - 23:43
I count on Bitfinex right now, think that the idea with removing the 10k limit is interesting from all sides
10 Apr, 2019 - 23:54
well that was definitely unexpected... Ill have to adjust to this new Bitfinex approach, but its more of a good thing imo, at least I see it like that for now
11 Apr, 2019 - 00:08
Now Im kinda surprised tbh, but given that ppl did ask Bitfinex to get rid of this limit for quite some time, its been a long time coming frankly
11 Apr, 2019 - 00:21
yeah, you are right
bitfinex was asked to do it long before
finally there is no limit!
16 Apr, 2019 - 21:18
Huge step towards cryptoadoption by Bitfinex.
11 Apr, 2019 - 00:38
Hard to be sure about the removing of the 10 thousand limit from Bitfinex but I’m sure that the platform made this decision in order to satisfy more traders
11 Apr, 2019 - 03:26
It's another proof of crypto everchangin nature - we all knew that Bitfinex will eventually drop this limit, so its only sensible that they did that now
11 Apr, 2019 - 05:23
we have to accept that this move with reducing the limit of Bitfinex is a nice choice made by the top management of the company! very smart if you ask me
11 Apr, 2019 - 05:47
still want to see the results of the update, but I think that Bitfinex is open for a lot of newcomers os I think that the removal is great
11 Apr, 2019 - 05:52
They were telling the truth about crypto changing all the time... What other changes are we likely to see now that Bitfinex decided to get rid of this limitation? Expecting more surprises to come
11 Apr, 2019 - 11:48
This is the high time to join Bitfinex, it is truly good opportunity for newcomers.
11 Apr, 2019 - 12:19
yeah, even not all the traders are ready to put min 10k
great that bitfinex got rid of it
17 Apr, 2019 - 06:27
Oh, this will certainly attract new customers to Bitfinex, I know at least one person who is going to strongly approve of this reform
11 Apr, 2019 - 13:55
Considering that Bitfinex has demonstrated its capability to go out there and get things done, I am not surprised to see more and more people starting to support this exchange
11 Apr, 2019 - 14:28
they simply could not continue ignoring the increasing number of requests for registration of accounts,
11 Apr, 2019 - 14:01
wow, this is really good move for bitfinex
more users will be able to come and try the platform
11 Apr, 2019 - 20:25
Definitely good move and not only for Bitfinex but for the whole market.
11 Apr, 2019 - 23:51
yes i read this news on facebook. honestly im glad that bitfinex remove this minimum as it stopped people with a small wallet from joining them. now they have such an opportunity and its cool as bf is a trustworthy platform with a good history
12 Apr, 2019 - 22:56
I’m impressed by bravery of Bitfinex to open their borders for everyone, think that this would definitely bring the platform a lot of new fans
14 Apr, 2019 - 14:16
Bitfinex is interested in being dominant on the market, the management of the company knows that a lot of traders were ready to join the platform and it think that was the reason to opening the doors
14 Apr, 2019 - 15:37
more users - higher volumes
nothing new. nothing to speak about
this movement has to rise volumes
20 Apr, 2019 - 20:28
This removal proves that Bitfinex is not going to leave the market, certainly it inspires confidence in future.
14 Apr, 2019 - 16:46
I tried to analyze the new update but it’s too early, we have to wait until first reviews come. Frankly speaking, I count on good results, Bitfinex definitely knows how to handle it
14 Apr, 2019 - 21:27
Hm, nice to see Bitfinex among the participants here, even though I will not be able to actually attend the event myself
14 Apr, 2019 - 21:41
think that people like me can finally use Bitfinex after the update, so why not
14 Apr, 2019 - 22:10
never expected to see that removal but i like it, thanks Bitfinex!
14 Apr, 2019 - 22:36
It was pretty much inevitable at this point and since its gonna attract fresh users, Im sure that Bitfinex is content with the aftermath of this reform
15 Apr, 2019 - 09:16
hm, its cool that Bitfinex listened to the users, this limit was kinda hampering and stuff might rly flourish without it
15 Apr, 2019 - 09:23
ofc you can interpret it as you wish, but if this limit on Bitfinex actually got removed due to user requests, that's kinda sweet in a way
19 Apr, 2019 - 13:57
this is smth we asked for for a long time, and its good that Bitfinex reacted, this limit change is gonna benefit so many parties now
15 Apr, 2019 - 12:10
This move will definitely hold media's attention for some time, what will Bitfinex use next time? It should be something spectacular, I'm sure
15 Apr, 2019 - 17:29
Bitfinex team is about to grow, I’m glad to meet new traders here, I believe the platform will be progressing much faster now
15 Apr, 2019 - 18:18
I’m glad that this limit is gone now, the elitist stuff kinda ran contrary to crypto spirit and Bitfinex is much better without it to my mind
15 Apr, 2019 - 20:27
finally! was waiting for that patch for million years, and, oh, bitfinex, lets check you out
15 Apr, 2019 - 20:49
I have literally no idea if it is good for the current bitfinex users.
All we can is to have our fingers crossed so the platform has enough capacity to cope with all the newcomers
15 Apr, 2019 - 20:50
i see a possibility of huge crypto overhaul this year - and mb Bitfinex together with its allied platform will lead the charge (especially when they removed that limit), although it might sound silly, thatd be pretty awesome admit it
15 Apr, 2019 - 21:19
Patch after patch Bitfinex becomes even more polished, and I definitely approve of this progress
15 Apr, 2019 - 21:35
Right now Bitfinex influence is quite remarkable, I think it's time to find out more about this exchange to see if I can benefit from using it
15 Apr, 2019 - 22:05
bitfinex removed the minimum and a lot of the users came.
everyone waited for it
15 Apr, 2019 - 22:10
this is one of the best bitfinex decisions.
I respect it.
16 Apr, 2019 - 20:55
yes i read about it on facebook. i do think that this move can improve and make the situation of this platform even more stable. so good luck to bf
16 Apr, 2019 - 21:37
such activity of bitfinex earns respect for me because i don't need to have 10k $ to trade there ))
16 Apr, 2019 - 21:53
Bitfinex has created an excellent condition for beginner traders who did not have such a large sum on the exchanges balance. Now Bitfinex is absolutely free and everyone can try it
16 Apr, 2019 - 23:51
personally, I decided to use it just because they removed this huge limit and btfx leveled up my trading a lot
18 Apr, 2019 - 14:53
this is surely good move for bitfinex and all the users who wanted to trade there
everyone understands that only interested traders will stay on btf and trade there
all the other will try and go out
17 Apr, 2019 - 08:28
The $ 10,000 barrier was an impassable obstacle for many traders. Finally, Bitfinex has removed the minimum balance requirement and everyone can try to trade professionally on the top exchange
17 Apr, 2019 - 10:10
not sure, still don’t see how Bitfinex is going to work out the plan of working without the limit, yeah that’s cool to have a huger client base but I think it might me dangerous somehow
18 Apr, 2019 - 15:19
This step is associated with attracting new traders to the stock exchange and increasing the value of the exchange. Bitfinex is an excellent secured exchange with a set of professional tools. Sure this will attract traders
18 Apr, 2019 - 09:03
Think that now we can seriously discuss the possible Bitfinex domination – the platform has just made the most serious step in its’ history
18 Apr, 2019 - 15:05
decided to switch on this platform because I was satisfied with my first results there, after the 10k requirement was removed
18 Apr, 2019 - 15:47
people asked Bitfinex to remove this huge requirement and after much deliberation the platform decided to do it, well I’d like to wait before making any conclusions
18 Apr, 2019 - 16:00
Without such brave moves like the removing of the limit on Bitfinex the progress in crypto is impossible
18 Apr, 2019 - 17:28
now you may try the platform and make your own opinion haters, mb you can change your mind after using Bitfinex yourselves
18 Apr, 2019 - 18:53
Don’t think that the numbers of Bitfinex can be damaged by this, vice versa – the platform will gain more attention
18 Apr, 2019 - 19:25
I never mind when good platforms expand – this is beneficial for the entire industry, Bitfinex certainly helps crypto to straighten its position when allows more investors to enter the market.
18 Apr, 2019 - 19:46
Bitfinex is not only helpful in trading, but they also contribute the development of entire crypto by proposing new ideas and projects.
18 Apr, 2019 - 20:03
as a businessman I can understand the way Bitfinex management thinks – they see great results, they want to make them even better, they open the doors for every trader! these 3 steps are simple but effective
18 Apr, 2019 - 22:55
Bitfinex has a wonderful crew of specialists that work on the updating of the platform, nice to see the obvious progress
18 Apr, 2019 - 23:53
With all the users that have come to Bitfinex thanks to the limit removal, I'm quite certain that the exchange is satisfied with that decision
19 Apr, 2019 - 14:35
A very good move from company, nicely done!
19 Apr, 2019 - 01:27
fiiinlyyy! bitfinex removed this fu*kng 10k minimum and I registered n the platform!
19 Apr, 2019 - 07:48
Bitfinex pitches in the development of market by offering all the traders to use the platform that was available only for experts before. This is significant step to crypto growth.
19 Apr, 2019 - 15:14
no idea if it will be good for bitfinex. rly no idea.
maybe good users will come, maybe dummies
19 Apr, 2019 - 19:57
Thanks to that, more customers are coming to Bitfinex and the power of this platform grows, they surely had this in mind
19 Apr, 2019 - 23:15
Solid trading deserves to be expanded. It is wonderful that Bitfinex has an opportunity to increase and newcomers to join them easily.
19 Apr, 2019 - 23:34
've heard different things about Bitfinex, both positive and negative, but its deeds are mostly benevolent, so my general perception of this platform is one of approval mostly

20 Apr, 2019 - 00:08
its all right to have Bitfinex around, theyre a reliable sort and I think we'll see more of them and their progress this year
20 Apr, 2019 - 01:18
Well, as long as Bitfinex treats its promises and pledges seriously, I will be supporting this exchange
20 Apr, 2019 - 01:44
I am sure that the abolition of the minimum balance will help Bitfinex be the top 1 exchange about the number of active users in 2019
20 Apr, 2019 - 02:34
yes i read this new on fb and now im a user of bitfinex. it was a real nonsense for me as i said before i was waiting for it very long. so thank u for that decision
20 Apr, 2019 - 04:59
I am not too happy
all the dummies will come to bitfinex
its pro exchange not for nobs
20 Apr, 2019 - 23:46
ahah how interesting it is to watch the loud news from the outside. this news is everywhere: on fb, on all news sites.cool step forward, which bf had already been done for a long time ago, but that's not the point. people are really very happy and all the time just talking about it. I'm surprised) but generally good luck to bitfinex
20 Apr, 2019 - 23:02
$10k is not a small amount. This has been stopping many traders from trading on Bitfinex before. Now there are no restrictions and every trader can get the best conditions on the professional exchange Bitfinex for free
21 Apr, 2019 - 02:35
Bitfinex has given us a super gift! Now there are no limits so any trader can get professional conditions for extra profitable trading!
21 Apr, 2019 - 03:52

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