Review on Bitfinex by Fanuel PORPORTY
THE CRYPTOCURRENCY MARKET
Bitfinex is an exchange present in the cryptocurrency landscape since 2012 owned and operated by iFinex in Hong Kong. The volumes are very large, which makes it a strong place for cryptocurrency trading. In addition to allowing transactions in fiat currency (USD, EUR, GBP, JPY ...), it also allows many other more specialized transaction options including limit and stop orders, margin operations and loans, and over-the-counter transactions (OTC, etc.). Although there is a wide choice of options available, everything is designed intuitively and it is very easy to navigate through the platform. The exchange supports more than 116 trading pairs with a daily volume of more than 5900 BTC. Unfortunately, Bitfinex was the victim of a massive theft of 120,000 BTC in 2016. It has since recovered and represents one of the best trading platforms on the web.
Pros
- Bitfinex is one of the main markets in terms of daily trading volume which guarantees price stability and operator confidence.
- Since the 2016 hack, Bitfinex has taken additional precautions to better secure its platform
- Bitfinex has support available 24/7.
- The platform offers ease of use, the interface is user-friendly and pleasant allowing very fluid navigation.
- To make deposits or withdrawals, Bitfinex users can now use the Lightning Network
Cons
- Some users still doubt the platform due to previous hacks.
New products
Comments (1)
January 01, 2020
great trajectory in the market and very reliable, I like it a lot and especially the liquidity it shows in the exchange with a wide variety of pairs
