About Bitfinex Crypto Exchange
Bitfinex strives to achieve it by providing the users with state-of-the-art trading tools, innovative technology and unparalleled levels of customer service. As a cryptocurrency exchange founded in 2012, Bitfinex has always been at the forefront of technological innovation in digital asset trading.
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 the users and global liquidity providers. they firmly believe that the best cryptocurrency trading experience should be available to everyone.
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.
Bitfinex Exchange Basic Points
|Accepted Payment Methods||Crypto to Crypto, Crypto to FIAT|
|Deposit Fees||Free. Small deposit fees apply.|
|Easy To Use||Yes|
|Withdraw Fee||Low As Compare From Other Exchange|
|Customer Support||Available At Ticket & Live Chat|
How To Start ?
How To Sign Up At Bitfinex Exchange ?
It Is Very Easy To Sign Up At Bitfinex Exchange . Just Click On Sign Up Button At Bitfinex Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.
How To Deposit Fund At Bitfinex Exchange ?
Once your Bitfinex account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen.
Choose which currency you want to deposit with (BTC/USDT/ETH/DOGE) and then you will be provided with the Wallet details that you need to transfer the funds to .
How To Trade At Bitfinex Exchange ?
Once your account is funded, you can then begin day trading at Bitfinex. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade.Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.
How To Withdraw At Bitfinex Exchange ?
Withdrawing your funds from Bitfinex is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.
How To Verify Id At Bitfinex ?
You Can Start Trading On Bitfinex Without Going Through The Verification Process, However, In Order To Trade Fiat Currencies For Bitcoin Or To Trade With Stablecoins, Id Verification Is Needed. Depending On The Account Type (Individual Or Corporate), The Exchange Can Require Additional Documents.
As a trading platform for cryptocurrencies, Bitfinex charges trading fees. These vary according to the amounts being traded, and whether the user is the “maker” or “taker” of trade (i.e., according to whether they trade by making a new order, or by taking an existing order). The maker fees range from 0.1% to 0.0% while the taker fees vary from 0.2% to 0.055% based on the executed trade volume in the last 30 days.
|EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT)||MAKER FEES||TAKER FEES||TAKER DISCOUNT LEO HOLDERS|
|$0.00 or more traded||0.100%||0.200%||up to -(25.000% + 6bps)|
|$500,000.00 or more traded||0.080%||0.200%||up to -(25.000% + 6bps)|
|$1,000,000.00 or more traded||0.060%||0.200%||up to -(25.000% + 6bps)|
|$2,500,000.00 or more traded||0.040%||0.200%||up to -(25.000% + 6bps)|
|$5,000,000.00 or more traded||0.020%||0.200%||up to -(25.000% + 6bps)|
|$7,500,000.00 or more traded||0.000%||0.200%||up to -(25.000% + 6bps)|
|$10,000,000.00 or more traded||0.000%||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 traded||0.000%||0.140%||up to -(25.000% + 6bps)|
|$25,000,000.00 or more traded||0.000%||0.120%||up to -(25.000% + 6bps)|
|$30,000,000.00 or more traded||0.000%||0.100%||up to -(25.000% + 6bps)|
|$300,000,000.00 or more traded||0.000%||0.090%||up to -(25.000% + 6bps)|
|$1,000,000,000.00 or more traded||0.000%||0.085%||up to -(25.000% + 6bps)|
|$3,000,000,000.00 or more traded||0.000%||0.075%||up to -(25.000% + 6bps)|
|$10,000,000,000.00 or more traded||0.000%||0.060%||up to -(25.000% + 6bps)|
|$30,000,000,000.00 or more traded||0.000%||0.055%||up to -(25.000% + 6bps)|
Bitfinex Mobile App
Bitfinex offers a native mobile app on both Google Play and the iTunes Store, free of charge. The app allows you to trade, access your wallet, fund your account, receive notifications and check your transaction history.
Bitfinex Affiliate Program
Whether you are a crypto trader or a die-hard crypto fan, you can invite your social network through the Bitfinex Affiliate Program and earn unlimited commission. Generate your invite links on the Affiliate Dashboard and share them across your social media channels. Anyone who signs up through your links will become your referral. You can watch your earnings grow as your network of referrals blooms.
Bitfinex 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 Bitfinex cannot disclose too many details of the security measures implemented on the platform for security and proprietary reasons.
Two-factor authentication (2FA)
Add an extra layer of security to your account and protect sensitive operations such as logging in, generating API keys, and withdrawing. Configure two-factor authentication using Google Authenticator, or a U2F Security Key.
Universal 2nd factor (U2F)
Use a physical Security Key to take advantage of the ultra-secure FIDO Universal 2nd Factor (U2F) open authentication standard.
Advanced API key permissions
Create API keys with advanced read/write permissions on a per-feature basis. Unleash the full power of the platform through our REST and WebSockets APIs.
Advanced verification tools
- Login data is saved and analyzed for unusual activity.
- Intelligent system detects IP Address changes to prevent session hijacking.
- Email notifications report logins and include a link to instantly freeze your account if you suspect malicious activity.
- Limit access to your account based on IP address.
- Security system monitors withdrawals by IP address and other user behavior patterns, triggering manual admin inspection on withdrawals that appear unusual.
- Withdrawal confirmation step that is immune to malicious browser malware.
- Define an address whitelist to ensure no withdrawals can go anywhere else.
Email encryption with OpenPGP
Want more protection? Encrypted email communication (PGP) adds an extra layer of privacy and security.
Bitfinex Exchange Support
Support is available 24/7 via email and Telegram chat. Emails are typically answered within 12 hours, but in some cases, it can take longer. In addition, there’s an official forum where users can ask for help and a limited FAQ page that doesn’t cover all required information. However, any account-specific information must go through the official ticket system within the platform to avoid security issues. Be aware that Bitfinex never approaches its users through private messages and you should never share your password with anyone asking for it as it is a common scam that has been emerging on the market.
Leadership Team Of Bitfinex Exchange
Bitfinex’s senior management team brings together decades of experience in technology, financial services and compliance.
Bitfinex Exchange Features
Ease of Use
Bitfinex user interface is fantastic. The platform offers quick options to buy or sell digital currencies as well as to place orders.
Bitfinex.com 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.
Bitfinex.com allows users to trade with up to 10x 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.
Bitfinex.com 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.
Bitfinex.com 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.com 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 the 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.com Paper Trading feature allows traders to test trading strategies in a simulated market environment without the needs to deposit real funds. It works on sub-accounts, which emulate the master account’s trading functionalities. Learn how to create Paper Trading accounts .
Bitfinex.com Creating custom order types and event-driven automated trading strategies is no longer the preserve of specialist algorithmic trading firms. they have made these strategies accessible to the customers through the Honey Framework integration. What’s more, the latest development has made it easier to use, even without any coding knowledge or developer know-how.
Bitfinex.com funding a Token Sales Wallet or accessing or using any of the Token Sales Services (each as defined below), you acknowledge that you have read, understand, and completely agree to these Token Sales Terms of Service, as updated and amended from time to time. If you do not agree to be bound by these Token Sales Terms of Service or with any subsequent amendments, changes or updates, you may not access or use any of the Token Sales Services, and if you do access or use any of the Token Sales Services, you will be bound by these Token Sales Terms of Service, as updated and amended from time to time.
your only recourse in the case of your unwillingness to be bound by these Token Sales Terms of Service is to stop using all of the Token Sales Services. These Token Sales Terms of Service are effective as of October 23, 2019. Only eligible persons are permitted to access or use the Token Sales Services. Any Person that is not eligible that utilizes the Token Sales Services or that accesses the Token Sales Site (defined below) will be in breach of these Token Sales Terms of Service and may have any Fiat, Digital Tokens, funds, proceeds or other property, confiscated
In summary, Bitfinex has one of the most comprehensive listings of supported coins, subsequently allowing you to buy and sell more than 100 different cryptocurrencies. Moreover, if you are an advanced trader that likes to use top-grade charting analysis tools with significant volumes of liquidity, then Bitfinex might suffice.
If you are yet to open an account at Bitfinex, we would instead suggest using Coinbase. They are regulated by both the FCA and CySEC, offer multiple fiat currency deposit options, and the only trading fees you pay is via the spread.