Founded in 2012, Bitfinex is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers. Bitfinex is one of the worlds most advanced cryptocurrency exchanges, and one of the world’s largest exchanges by volume for trading Bitcoin against the US Dollar.
Bitfinex is comprised of 4 core features:
1. Exchange Trading
Users can deposit, trade and withdraw Bitcoin, Ethereum and other cryptocurrencies against US Dollars and bitcoin and benefit from an advanced trading interface.
2. Margin Trading
Bitfinex allows users to trade with up to 3.3x leverage. Users can use margin trading to open both long and short positions.
3. Margin Funding (P2P Financing)
Gives users (lenders) a way to earn interest on their digital assets by allowing them to lend their funds to users (borrowers) who wish to trade with margin.
4. Over The Counter Market (OTC)
Bitfinex offers a private OTC Market as an avenue for traders seeking to perform large trades directly with a counterparty, bypassing the public order books. Trades performed via the OTC Market provide access to large liquidity without affecting the exchange market price.
Official website: https://www.bitfinex.com
Security: very high
Trading pairs: 500+
Trading fees: based on traded volume
Deposits: crypto deposits - no fees
Wire deposits: YES
Credit card: NO
Withdrawals: crypto withdrawals + bank wire withdrawals
Margin trading: YES (up to 3,3 x leverage)
Mobile app: YES
KYC: only if depositing/withdrawing fiat currencies or stable coins
Customer support: very good, including many social media
US customers: NO
Bitfinex provides services to both institutional and private customers and offers a variety of coins and pairs to trade. On top of that they have one of the most advanced trading platforms available on the market capable of processing different order types.
Similar as Bitmex, we recommend this exchange especially for large players, or for everybody who wants to trade with fuestures like big players do.
Bitfinex registrations were suspended for quite a long time, people were trying to get to this great exchange, but simple could'nt. Currently the registrations are open again, hopefuly not just temporarily.
You can use the oportunity and register now: