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Los Angeles
2 Level
61 Review
154 Karma

Review on Ethfinex by Stella Ojiogu

Revainrating 2 out of 5

Ethfinex has moved it services to BitFinex exchange

Ethfinex is a cryptocurrency exchange platform that provides users with access to highly customizable centralised and on-chain trade websites, as well as fee-sharing, discussion features, and voting tools. Ethfinex is a complete hybrid Ethereum exchange platform that offers spot trading, margin trading, peer-to-peer financing, and decentralized trading portals for a variety of high-quality Ethereum tokens. The Ethfinex exchange was created in the British Virgin Islands. The exchange offers to provide a safe, transparent, and liquid platform for trading various tokens. The sole cryptocurrency exchanged in this scenario is Ethereu m and Ethereum-related The exchange accepted deposits in cryptocurrencies as well as fiat currency by enabling wired bank transactions. For quite some time, the exchange has been registering a trade volume of $0, despite the fact that it claims to have been renamed as BitFinex. BitFinex, as a marketplace, was breached in 2016, which contradicts the exchange's assertion about security. Take notice that all Ethfinex trading activity has been transferred to BitFinex!okens.

Pros
  • The company has now moved it services to BitFinex
  • It support P2P trading, margin trading etc.
Cons
  • The company is not functional anymore
  • The company has a $0 trading volume
  • Even BitFinex has been hacked in the past

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