Review on Bitfinex by Cesar Medina
Bitfinex an exchange with large trading volume and liquidity
This is a specialized exchange for expert traders looking to buy or trade multiple cryptocurrencies. The user interface will serve both experts and beginners. It has a large volume of operations and a high level of liquidity that give confidence to users due to price stability. One of the most notable characteristics is that it will not give the opportunity to invest in the type of funds that lend money to other traders interested in trading cryptocurrencies. In security, it offers two-step verification in two ways: the first is Google authentication on Android or iOS, the second would be the physical security key used by the FIDO Universald 2nd Factor. Customer service is available by email around the clock and responds within twelve hours.
In general, it is an exchange platform that gives us the three main functions which are to be a Bitcoin to Fiat exchange, margin trading and liquidity provider. It is designed especially for those who already know about trading, although its interface is also suitable for newbies.
Pros
- Great liquidity and volume of operations. Advanced security systems including two-step verification. Configurable mobile application. Panels and tools for expert users.
Cons
- A bit tricky for newbies. You only have a customer service by email. To operate with fiat money, it requires many requirements.
