Bitfinex Review
Bitfinex
Website: https://www.bitfinex.com/
Email
[email protected]
About company:
Bitfinex – the exchange has been operating since 2012. In terms of the volume of trading transactions with cryptocurrency, it occupies the fourth position in the world ranking. Supports 133 currencies, three of which are fiats (EUR, USD, JPY). The platform offers margin trading with a leverage of 1:3, as well as OTC trades and trading based on derivatives. For transactions, Bitfinex takes a commission of 0.02-0.2%, depending on the total amount of trades made by the trader. Topping up the balance with cryptocurrencies is free, with fiats – 0.1%.
Interestingly, here you can trade more than 80 assets with a leverage of 1:3 for spot or up to 1:100 for futures, which is not so common among crypto exchanges. A trading account can be maintained in cryptocurrencies, as well as in euros, US dollars or pounds sterling. The support is a little rude, a little slow, but within the bounds of decency. I did not encounter outright disregard.
The benefits include high leverage, a clear platform (also available in the mobile app), high liquidity, a large number of cryptocurrencies, and an emphasis on security (read how Bitfinex famously repelled a hacker attack in 2018). Among the shortcomings are the lack of a demo version (not for myself, I worry about the newcomers =), the need for knowledge of the English language.
Since January 15, 2018, a minimum deposit of $10,000 has been introduced here. Too bad I didn’t have time to open an account when there was no condition. Otherwise, Bitfinex looks good. (But no, not better *******).
Money is withdrawn, in 2 out of 3 cases – quickly, without nerves and contacting support. Courses are fair. The commissions are average, but could be made a little nicer (smoothing out the spoiled opinion after the hack).