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Review on Bitfinex by kamil tozosama
Bitfinex Exchange Review
I have been using this exchange to sell and buy cryptocurrencies for several years because it offers good security and also has a large volume of market for the most important cryptocurrencies such as Bitcoin or Ethereum.
What I like most about this exchange is its bet for the security of the account, since it is evident that one of the most important problems in the world of cryptocurrencies are hacking to exchanges. For this Bitfinex offers several security measures for your account.
They also have their own currency called USDT that offers parity with the USD dollar therefore it is possible to keep your funds in dollars at the same time you have a cryptocurrency called USDT, this token can be easily transferred as if it were Bitcoin.
I recommend using Bitfinex as a platform to invest in Bitcoin or ETH mainly since the volume that moves and the liquidity is among the highest in the world, in addition the Bitfinex platform is very safe and is something to take into account when working with virtual coins.
Pros
- Security is very high in the application, since it allows adding white lists of addresses, enabling 2FA, alternative emails among other additional security filters.
- The interface is very nice visually and it is also very intuitive.
- The graphs on the evolution of the prices of the coins are typical of Bitfinex and have several filters to apply in them.
- Bitfinex secures the funds of your account in case of piracy so you should not be afraid of hacking, in any case it is advisable to avoid storing your funds in any exchange.
Cons
- They are very selective with the currencies that they add to the platform, although this can be positive in terms of the saturation of the service of useless coins that ceases to be when they do not add certain interesting currencies and with a large community behind.
- Being a known exchange is the result of many malicious hacker attacks and, although they have been running for years, I personally am afraid of having coins stored in the exchange, although this applies to all.
