Review on Bitfinex by Olugbenga Ajayi
Bitfnex is a very liquid exchange
Bitfinex is an exchange platform founded in 2012 andbia located in virgin islands. It is a multilingual platform. Russia, English and Chinese languages are supported. That means traders speaking any these languages can trade easily on the platform.
The platform also support many cryptos like ethereum, Bitcoin, EOS etc. Toyou can trade up to 160 assets on it. Its plus points are the features it posseses. These includes spot, margin and funding market and many types of orders are supported e.g. buy limit, sell limit etc.The platform also provides many analytical took like resizable chart, customized indicators and the likes.
Recently, bitfinex launched it's bitfinex pulse which has made the platform the next generation of social trading.
In terms of security, they provide strong security for user asset by storing vital data in cold storage. Also they provided both 2 factor authentication and univeraal 2nd factor (U2F).
Pros
- It uses cold storage for safe keeping vital data
- Private address are at the control of the owner and not stored on the server
- It provides 24/7 customer support
- It has very high liquidity with high daily trading volume and high market capitalization
- It provides update to users always inform of newsfeed
- It accepts both credit and debit card
Cons
- It has been hacked so the fear is there.
New products
Comments (1)
June 10, 2020
This exchange system has nice fuctionalities. It is available in various languages, but the company should expand its services to raise better levels. However, it has a good liquidity operation that makes it a great product in the market.
