Review on Bitfinex by Joseph Bello
"Bitfinex exchange" an exchange that works on its flaws and brings them to perfection.
Bitfinex exchange ,launched in the year 2012 began as a peer to peer exchange that deals only with Bitcoins,but with the demand for a more satisfactory experience on the exchange by it users the exchange began to introduced some altcoins to its exchange trade list and presently it is trading over an hundred crypto currency.
The exchange gives high liquidity ,the ability to easy convert assets to flats due to its large and enormous trading volume,trading pairs and the high demand of flat currencies in exchange for the virtual currency.
Bitfinex exchange has some advance features that makes it a nice option for all advanced traders ,this includes it customizable GUI ( graphic user interface) that allows the users to interact with the logical design of the exchange trade. It also allow users to lend out their funds to other users and receive them back at the end of the loan time with extra interest on it.
What amazes me about this exchange is how it has managed to change it scars into stars. The exchange has suffered some setbacks in the past,and has taken it time to learn from it previous mistake that lead to such ugly incidence, within a space of two year the exchange encounter a breach in their exchange this lead to lost assets worth millions of dollars. It has integrated some of it security features, like the use of 2FA ( two factor authentication) to make the exchange unsusceptible to hackers .
I hope the exchange keeps up with its good performance,service and cordial relationship towards it customers cause am really impress with their exchange platform and so I'm giving the exchange a 5 star rating
Pros
- The has some sophisticated features that are of good use to all advanced
- It is improving on its past errors and mistakes
- It makes use of some modern security features that makes the exchange secured
- It has a large number if trading pair
- provide large variety of altcoin on its exchange trade
Cons
- it is not a recommendable exchange for newbies and beginners,in order not to be about its advanced features
