In this Bitfinex Exchange Review article, we will dive deeper into details, features and pros and cons of Bitfinex Exchange platform.
Bitfinex Exchange was founded in 2012, in Hong Kong. Since Its establishment, Bitfinex has expanded into several countries catering to traders worldwide.
As a peer-to-peer cryptocurrency exchange, the exchange operates as a margin lending platform with support for numerous cryptocurrencies.
Bitfinex also supports some widely-used fiat currencies such as USD, EUR, JPY, CNH, GBP, etc.
Bitfinex Exchange Platform Interface
Bitfinex offers both web-based and mobile-based platforms for easy-of-use.
For intraday trading, Bitfinex offers a decent alternative for both individual dealers and experts. Crypto investors can select as they begin with their investment journey.
Features and Functions:
- All-day customer support
- Exchange Trading
- Margin Trading
- Margin Funding
- Derivatives
- Supported Currencies
Bitfinex allows traders to buy and sell cryptocurrencies. Bitfinex also offers fiat-to-crypto, fiat-to-fiat, and crypto-to-crypto pairs.
Bitfinex Pros and Cons
Pros
- Bifinex was built with privacy in mind, hence it's safe to use
- Availability of many payment options
- Unlimited withdrawals
- User-friendly mobile app
- supports easy verification
Cons
- Deposits paused
- Customers are hesitant to use it leading to the previous attacks
To conclude, Bitfinex is known as one of the top-notch cryptocurrency and digital assets trading platforms. Bitfinex offers margin trading, derivative trading, and many more services for traders.