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Review on Bitfinex by Paul Harrison
I really like bitfinex, although its problems are a good exchange. It has aβ¦
I really like bitfinex, although its problems are a good exchange.
It has a fantastic performance, support team helps with everything so it's an exchange that I respect!
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Pros
- The good thing about this site is that there is no minimum withdrawal or deposit amount for cryptocurrencies BUT for Bank Transfer or Wire Transfer there is a 0.100% fee for both withdrawal and deposit. Bank wire: 0.100% of the deposit amount, with a minimum fee of $20.00 Express bank wire (within 24 hours on business days): 1.000% of the withdrawal amount, with a minimum fee of $20.00
Cons
- Bitfinex has paused fiat deposits so users cannot use USD for their funds. Currently, only cryptos are supported, so you must wait for further announcements in the official posts. They also had problems with withdrawals, as there were big transmission delays in April. These issues drove the BTC price up disproportionately to other platforms, as Bitfinex users fled into Bitcoin.
