Review on Bitfinex by Douglas Cachazo
Bitfinex: Veteran Exchange with a lot of experience.
Founded in 2012 in Hong Kong, currently based in the British Virgin Islands, Asia but its strong market is in the US that has generated great liquidity, the most used cryptos in it are Ethereum, Bitcoin, EOS, Ripple, Litecoin and several more, allows fast exchanges, P2P transactions, Trading, OTC Markets, financing option at various rates and periods to earn interest,
Its great is strong security, protecting your funds is the highest priority, It boasts of always keeping up with new technologies in the Blockchain chain,
Among your incentives aside from interest is the high-dividend affiliate program in which you are either an individual crypto investor or a merchant using the power of social media to invite new people to join, earning unlimited commissions for it.
It has a UNUS SED LEO token which is used for several benefits, among which are discounts on P2P transactions. Since 2018 Bitfinex has distanced itself from the North American market claiming strong regulations, this has cost it some liquidity.
In my view, I recommend this platform only for traders who interact with Asian markets, I do not see it for anyone, it is a somewhat elitist Exchange.
Pros
- Among the oldest exchanges with high experience
Cons
- Uncomfortable account verification process
- Available only in English, Russian and Chinese
