Bitfinex mainly targets professional traders who have significant capital. However, Bitfinex has removed its $10,000 minimum equity requirement to start trading on the exchange, enabling a broader range of investors to participate.
Step one
Go to the Bitfinex website. If you don't have an account, navigate to the top right of the website to create an account and complete the verification process.
Step two
Once you’ve accepted Bitfinex’s terms and conditions, you can fund your account and link it to Cryptohopper with your API keys!
Navigate to the top right corner of your screen and mouse over the user icon. A drop-down menu will appear, from which you need to click "API Keys".
Click “Create new Key”.
Step three
Make sure that you set the following permissions “on”:
- Account Info: Get account fee information
- Account History: Get historical balances entries and trade information
- Orders: Get orders and statuses and Create and cancel orders
- Wallets: Get wallet balances and addresses.
- Bitfinex Pay: Get Bitfinex Pay invoices
The rest should be off. When you switch off Allow access from any IP you need to fill in IPs from your Cryptohopper account. Navigate to your Cryptohopper account and find the baseconfig. From there, click on the tab labeled "exchange".
The last thing is to give a name to the API key. You can do that in the section called “Label Your API Key”.
Click “Generate API key”.
If needed verify with your 2FA. After that, you receive an email to complete the API key.
Open the email and click “Create API KEY”.
Copy the API Keys shown on Bitfinex and paste them into Cryptohopper under Exchange in the Base config. Don’t save the API Key yet on Cryptohopper.
Step four
Create a second API Key by following the steps mentioned in steps 2 and 3 and click on Save in your Kraken and Cryptohopper account. Allow a moment for the bot to link everything together, and your balance should become visible.
Bitfinex minimum trade amounts
Click here to check the minimum trade amounts on Bitfinex.
Bitfinex status
Do you experience issues with trading on Bitfinex? Click here to check Bitfinex's exchange status.