Todayweareintroducinganew,improvedandincreasinglyresilientfiatdepositingsystemforsendingfiatcurrenciestoBitfinex.
ThisnewprocesswillonceagainallowKYC-verifiedusersfromaroundtheworldtoinitiatedepositsacrossUSD,GBP,JPYandEUR.
Thenewfiatdepositsystemwillfunctionasfollows:
AuserwishingtoinitiateafiatdepositonBitfinexwillcreateadepositrequesttosignalinterestincompletingadeposit.Throughthisdepositrequest,auserwillbeabletospecifytheexactamountandcurrencywhichtheywishtodeposit.Followinganaccountreview(whichmaytakeupto48hours),theuserwillreceiveadepositnotificationwhichwillinclude,amongotherthings,bankdetailsspecifictotheindividual’stransaction.Theuserwillbeabletoinitiatethedepositbasedontheinformationreceivedthroughthedepositnotification.Thedepositwillsubsequentlybeprocessedwithin6-10businessdaysfromBitfinex.TheminimumfiatdepositamountonBitfinexwillremainat10,000USDwitha0.100%processingprocessingfee.AdditionalinformationonBitfinexfiatmanagementisavailablehere.
Webelievethissystemtobesignificantlymoredurableinthefaceofsustainedattacksbyourcompetitionandtheirsupporters.Ongoingcampaignsagainstuswillonlyresultinourcompanybecomingstrongerandbetter.
Thankyoutoallofourusersfortheircontinuedunderstandingthroughouttheentiretyofthissituation.
TheBitfinexteam
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