Review on Bitfinex by Salih Karademir
Bitfinex
Group 1
First, there are platforms that allow cryptocurrency trading against fiat currencies. These exchanges usually ask for lots more forms of identification to sign up.
They also often have a lot fewer types of digital coins on offer. You will find Bitcoin, Ether, Litecoin, and a few others, but don’t expect to find obscure small cap’ projects on them.
Group 2
The second type of platform to trade cryptocurrency is one that doesn’t accept fiat deposits. These cryptocurrency-only exchanges usually offer all kinds of digital assets, many of which you will never have heard of (in fact, I’ve not even heard of lots of them!)
In addition, these cryptocurrency trading platforms will usually ask for very few forms of ID. Some of them don’t even ask for any!
Deciding which of these two types of exchanges is the best cryptocurrency trading platform will come down to your own personal needs. With that in mind, let’s have a look at what’s on offer!
Note: Fiat currency refers to money that is issued by a national government. Examples of fiat currencies are dollars, euros, pounds, and yuan.
Pros
- Good customer support
Cons
- Does not want passport, ID etc.
