Review on Bitfinex by Saparov Meylis

In various ratings, the exchange is not even included in the TOP10 in terms of daily trading turnover, but it cannot be called an outsider. This is a fairly old marketplace, in the past it has experienced hacker attacks, but it has not closed, but continues to work. Bitfinex has features that set it apart from its competitors.



It is one of the oldest cryptocurrency exchanges, founded in 2012. It is one of the few that supports margin trading in crypto, with the platform users themselves acting as lenders. In May 2019, its own LEO token was launched and in the future, iFinex (it owns the exchange) plans to develop an ecosystem, which will include Bitfinex. Registered by Bitfinex in the British Virgin Islands.



According to coingecko.com, the daily turnover of the trading platform exceeds $ 200 million. As in other exchanges, Bitcoin dominates.



Despite incidents with crypto theft in the past, the crypto exchange does not lose popularity and in 2019 is increasing its client base.



Peculiarities



Of the features of Bitfinex, we highlight:



* hundreds of cryptocurrency pairs, in addition to them, are supported and

fiat currencies.

* own LEO token, those who participated in IEO already

earned + 60-70% to start-up investments;

* 7 types of orders;

* support for trading with a leverage of up to 1 to 3.3;

* convenient trading terminal with charts directly from

TradingView, active traders have no problems with analysis

market search for entry points;

* verification is required, and not only for withdrawal

funds. You will be able to fully work with the exchange only after

this procedure;

* pay great attention to safety. After registration

client connects 2FA, physical

security key, list of "white" IPs from which it is allowed

trading operations, withdrawal of funds, encryption of letters from

using OpenPGP, create your own key via

API provided by the crypto exchange;

* OTC market;

* commissions for takers from 0.055% with a discount for LEO storage

tokens;

* you can earn by lending to others

Bitfinex users.

* The conditions are not bad for both ordinary investors and

speculators who prefer active intraday trading.



Commissions and limits

Trading commissions are charged from both makers and takers, they are equal to 0.1% and 0.2%, respectively, with a trading volume of up to $ 500,000 per month. Then it drops to 0% for makers and 0.055% for takers, such conditions are offered for a turnover of $ 30 billion per month.

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