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Sunday, September 19, 2021

Bitfinex Cryptocurrency Exchange Review – The Home of Digital Asset Trading

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As a cryptocurrency exchange founded in 2012, Bitfinex Cryptocurrency has always been at the forefront of technological innovation in digital asset trading. The Bitfinex team has gained invaluable experience in blockchain technology while the platform has cemented its position as the go-to place for digital asset traders and institutions to trade.

In addition to a suite of advanced trading features and charting tool, Bitfinex provides access to peer-to-peer (P2P) financing, an OTC market and margin trading for a wide selection of digital assets and derivatives trading. Bitfinex’s strategy focuses on delivering the best crypto trading experience for professional traders and liquidity providers around the world through the delivery of cutting-edge technology.

What Is Bitfinex

Bitfinex’s mission is to give the users the ultimate cryptocurrency trading experience. Bitfinex strives to achieve it by providing the users with state-of-the-art trading tools, innovative technology and unparalleled levels of customer service.

The digital asset space is evolving at a breakneck pace. To keep up with such rapid technological innovation requires an equally forward-thinking and agile approach. Bitfinex provides state-of-the-art digital asset trading services for our users and global liquidity providers. They firmly believe that the best cryptocurrency trading experience should be available to everyone.

Bitfinex Cryptocurrency senior management team brings together decades of experience in technology, financial services and compliance. They welcome feedback. Reach out to us, we’re just a click or an email away.

ExchangeDetails
Exchange NameBitfinex
Exchange TypeCryptocurrency
 Coins SupportN/A
 Trading PairsN/A
 Websitehttps://www.bitfinex.com/
Support24/7
 Telegramhttps://t.me/BithumbExchange
 Alexa Rank6453
 Top CountryIndia

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Bitfinex Hosting Details

  • Datacenter: Cloudflare, Inc.
  • Server IP: 104.16.175.181
  • Location: United States of America
  • City: Newark
  • Domain Who Is: Click Here
  • Nameservers: rick.ns.cloudflare.com, vera.ns.cloudflare.com

Enable 2-Factor Authentication (2FA)

When you log certain the primary time, a pop-up will show up and ask you to enable the 2FA, which can help in increasing your account security. If you’re new 2FA, you’ll got to download the Google Authenticator  app then scan the QR (or enter the key key) so as to urge a 1-minute changing code.

After completing these three steps, you’re through with fixing your account.

Fees schedule

Unus Sed LEO fees discounts

LEVEL 1LEVEL 2LEVEL 3
Level requirement> 1 USDt LEO equiv.> 5000 USDt LEO equiv.> 10000 USDt LEO equiv.
Crypto-to-Crypto-15.000% (Taker fees)-25.000% (Taker fees)-(25.000% + up to 6bps) (Taker fees)
Crypto-to-Stablecoin-15.000% (Taker fees)-25.000% (Taker fees)-(25.000% + up to 6bps) (Taker fees)
Crypto-to-Fiat-10.000% (Taker fees)-(10.000% + up to 6bps) (Taker fees)
Crypto-Derivatives-(up to 2bps) (Taker fees)

Order execution

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT)MAKER FEESTAKER FEESTAKER DISCOUNT LEO HOLDERS
$0.00 or more traded0.100%0.200%up to -(25.000% + 6bps)
$500,000.00 or more traded0.080%0.200%up to -(25.000% + 6bps)
$1,000,000.00 or more traded0.060%0.200%up to -(25.000% + 6bps)
$2,500,000.00 or more traded0.040%0.200%up to -(25.000% + 6bps)
$5,000,000.00 or more traded0.020%0.200%up to -(25.000% + 6bps)
$7,500,000.00 or more traded0.000%0.200%up to -(25.000% + 6bps)
$10,000,000.00 or more traded0.000%0.180%up to -(25.000% + 6bps)
$15,000,000.00 or more traded *0.000%0.160%up to -(25.000% + 6bps)
$20,000,000.00 or more traded0.000%0.140%up to -(25.000% + 6bps)
$25,000,000.00 or more traded0.000%0.120%up to -(25.000% + 6bps)
$30,000,000.00 or more traded0.000%0.100%up to -(25.000% + 6bps)
$300,000,000.00 or more traded0.000%0.090%up to -(25.000% + 6bps)
$1,000,000,000.00 or more traded0.000%0.085%up to -(25.000% + 6bps)
$3,000,000,000.00 or more traded0.000%0.075%up to -(25.000% + 6bps)
$10,000,000,000.00 or more traded0.000%0.060%up to -(25.000% + 6bps)
$30,000,000,000.00 or more traded0.000%0.055%up to -(25.000% + 6bps)

Maker rebates are paid when you add liquidity to our order book by placing a limit order under the ticker price for buy and above the ticker price for sell.Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book.* Promotion: zero trading fee on the Tether/US Dollar (USDt/USD) pair to users who reach a trailing 30 day trading volume of more than $15 million; applicable for both maker and taker orders.Note: If you place a hidden order, you will always pay the taker fee. If you place a limit order that hits a hidden order, you will always pay the maker fee.Note: A minimum 2.5bps taker fees will be applied.

Derivatives order execution

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT)MAKER REBATETAKER FEESTAKER DISCOUNT LEO HOLDERS
$0.00 or more traded-0.0200%0.0750%up to -2bps
$1,000,000.00 or more traded-0.0225%0.0725%up to -2bps
$10,000,000.00 or more traded-0.0250%0.0700%up to -2bps
$30,000,000.00 or more traded-0.0250%0.0675%up to -2bps
$100,000,000.00 or more traded-0.0275%0.0650%up to -2bps
$300,000,000.00 or more traded-0.0300%0.0625%up to -2bps

Maker rebates are paid when you add liquidity to our order book by placing a limit order under the ticker price for buy and above the ticker price for sell.Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order of the order book.

Margin funding

FUNDING FEES LEO
Charge on fees collected by Margin Funding Providers *15.0% (of the fees generated by active margin funding contracts)up to -5%
Charge on fees collected by Margin Funding Providers, when opened by a hidden offer *18.0% (of the fees generated by active margin funding contracts)up to -5%

* Borrower will be charged interest in one second increments, except where funding is borrowed and subsequently returned without being used in a financed position. If funding is borrowed and subsequently returned without being used in a financed position, Borrower will be charged a minimum of one hour of interest. After one hour, interest will accrue in one second increments (like any other borrowing). More InformationIn the event Bitfinex takes over your margin position(s) rather than liquidating it,

For the reasons described in the terms, you will be charged a fee of 5.0% of the loss you would have incurred if your position was immediately liquidated, at the time Bitfinex took over your position.OTC desks Bitfinex OTC Desk allows traders to make large trades directly with a counterparty without having to hit the public order books. For instant access or more information, log in and visit The OTC Desk There is no trading fee for OTC trades brokered by the The OTC Desk. For other OTC trades, there is a fee of 10 basis points on both sides.

Deposit

CURRENCYDEPOSIT
CryptoFREE
StablecoinFREE
Bank wire0.100% (min 60, USD/Euro)

Note: Please exercise extreme care when depositing tokens. In cases where token recovery is needed due to a lack of information provided by you during deposit (e.g., missing or wrong tag, memo or payment id) Bitfinex will charge you a $150.00 fee for the token recovery.Where token recovery is due to a deposit mistake, Bitfinex may, in certain limited cases and in its sole discretion, attempt to assist you to recover your token(s) and will charge you fees as determined here.Please note that the recovery process can take months. Please be patient.

Withdrawal

CURRENCY
The Abyss97.305 ABS
ADDFREE
SingularityNET43.636 AGI
AidCoin114.49 AID
Aion0.71966 AIO
AlgorandFREE
Ampleforth0.45025 AMP
Aragon0.55887 ANT
AirSwap6.4424 AST
AtidiumFREE
Atonomi4333.8 ATM
Cosmos-AtomFREE
Auctus7.0483 AUC
Aventus5.9096 AVT
Bitcoin Cash0.001 BAB
Basic Attention Token2.9915 BAT
Banyan Network0.0032625 BBN
BitcoinInterest0.1 BCI
BnkToTheFuture92.732 BFT
Bancor0.49345 BNT
ContentBox120.57 BOX
Bitcoin SV0.001 BSV
Bitcoin0.0004 BTC
Bitcoin Gold0.001 BTG
BTSEFREE
BitTorrent50 BTT
CommerceBlock95.079 CBT
Cofound.it0.0032625 CFI
socios.com Chiliz56.094 CHZ
Callisto1 CLO
Cindicator71.221 CND
CNHTE5.4451 CNHTE

Bitfinex

Bitfinex Cryptocurrency provides advanced services for cryptocurrency traders and liquidity providers. Traders enjoy real-time exchange trading and margin trading while liquidity providers can enjoy the world’s largest peer to peer crypto financing market. Now you can stay connected, trade, and get notifications directly from your device.

Download Bitfinex

Platform features

Exchange

Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Bitfinex also boasts a suite of order types to help traders take advantage of every situation.

Margin trading

Bitfinex allows users to trade with up to 5x leverage by receiving funding from the peer to peer margin funding platform. Users can enter an order to borrow the desired amount of funding at the rate and duration of their choice, or they can simply open a position and Bitfinex will take out funding for them at the best available rate at that time.

Margin funding

The Bitfinex margin funding market provides a secure way to earn interest on fiat and digital assets by providing funding to traders wanting to trade with leverage. Users can offer funding across a wide range of currencies & assets, at the rate and duration of their choice. What’s more, users can use the Auto-Renew feature to renew offers automatically upon expiry.

Derivatives

Users wishing to mitigate the risks associated with the volatility of Digital Tokens may trade Derivative Products on the Derivatives Site. Perpetual contracts are already available and further Derivative Products are under development.

Derivative Products can be traded using a Derivative Wallet credited with USDt0, a Digital Token which can be obtained by converting USDt, as explained in more details on our Knowledge Base.

Advanced order types

Bitfinex Cryptocurrency know that entering multiple orders repeatedly is not efficient and can be very tedious. To streamline this task, we created the Scaled Orders tool for our users. It’s an algorithmic order type designed to enable traders to focus more on strategy instead of spending the time manually entering orders. The tool enables our customers to automatically create multiple limit orders across a user-determined price range.

At the same time, traders still have control as they can set the diversity and the distribution of the orders. Check out our Support page for further details and a tutorial on Scaled Orders.

Bitfinex Affiliate?

The Bitfinex Affiliate Program is one of a kind. Unlike other crypto affiliate programs, its commission structure allows you to get a percentage of the trading and margin funding fees up to three levels within your referral network.

The Developers Reward

To the aspiring people who develop their trading platforms, they remember you. If you integrate Bitfinex’s APIs in your products or trading libraries, you will get a 5% rebate for each trade made through the APIs.

The 5% developers’ reward is fixed and not subject to monthly reductions over time. What’s more, the Developers Reward will run on top of the Affiliate Program, meaning if you have an active affiliation network and it’s using your trading tool, you will be rewarded with both the affiliate’s and the developers’ reward.

Security policies Security of funds and user information is our top priority.

The security team is continually improving our end-to-end security measures, improving auditing processes, and reducing the ‘attack surface’ of our infrastructure. Please note that we cannot disclose too many details of the security measures implemented on the platform for security and proprietary reasons.

Bitfinex Cryptocurrency Exchange Review

7.4

CURRENCY VERITY

7.0/10

REPUTATION

7.5/10

CUSTOMER FEEDBACK

8.0/10

CUSTOMER SUPPORT

7.5/10

DESIGN

7.0/10

Pros

  • High Reputation
  • Social Support

Cons

  • Not for Complete Beginners
  • Few Currency
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Bitfinex Cryptocurrency Exchange Review

7.4

CURRENCY VERITY

7.0/10

REPUTATION

7.5/10

CUSTOMER FEEDBACK

8.0/10

CUSTOMER SUPPORT

7.5/10

DESIGN

7.0/10

Pros

  • High Reputation
  • Social Support

Cons

  • Not for Complete Beginners
  • Few Currency