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 1. 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 their verification process.
Step 2. 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 select "API".
After navigating to the API creation screen, press "New key".
Step 3. Make sure that you set the permissions as follows:
- Account Info: Read
- Account History: Read
- Orders: Read & Write
- Margin Trading: Read
- Margin Funding: Read
- Wallets: Read & Write
- Withdraw: Read only. Do NOT give Cryptohopper withdrawal rights.
Step 4. (recommended) On Bitfinex, it is possible to use 2 API Keys at the same time. Using 2 API Keys is recommended as the Hopper will be able to make more API calls, which allows the Hopper to request and send more information to Bitfinex. This can improve your automated trading experience on Cryptohopper.
Redo the previous steps above and add the second API Key and Secret to your Hopper in the Baseconfig.
Bitfinex minimum trade amounts
Click here to check the minimum trade amounts on Bitfinex.
Do you experience issues with trading on Bitfinex? Click here to check Bitfinex's exchange status.