Crypto Exchange Explained

Cryptocurrency Exchange Guide: Bitfinex

This advanced emerged private cryptocurrency trading platform is serving its best ever services of digital currency exchange, margin trading, margin lending and OTC. Bitfinex is the world’s largest, advanced and cynosure trading platform which is owned by iFinex Inc. It is available in English, Russian and Chinese language.  The major trading is done in the field of Bitcoin, Bitcoin cash, Ethereum, Litecoin, Ripple, NEO, EOS, and Monero. This was founded in Hong Kong in 2012 and today it has become the largest platform for the trading of digital currency.

The stats of the bitfinex stands with a well-reputed reputation of the bitfinex. In the terms of reputation, bitfinex has 8.3 rating out of 10. Due to its tremendous advantages like that of high liquidity and reasonable fee Bitfinex is the largest platform in digital trading.

The amount of bitfinex trading fee depends on the trading you did. The maker fee and taker fee depends on the trade value. For instance, If you traded $0.00 or more the maker fee will be 0.100% and taker fee will be 0.200%. For the wire transfers, the fee of minimum 20 dollars is deducted.

With the key feature of full spot trading platform and two-factor authentication, there are some verifications requirements of bitfinex. The bitfinex verification process requires personal details along with bank statement and a statement that validates the documents submitted. From the fiat currencies, Bitfinex accepts US dollars only.

Bitfinex is restricted to 52 countries. Though it the largest platform of the digital currency trading still it is limited within the 52 countries of the world. This platform is more liked by its users because of the distinctive features like quick options for buying and selling, mobile-friendly response and real-time trading. Nowadays people are addicted to mobiles, Bitfinex offers you mobile app available for Android and iOS.

The world’s largest and advanced cryptocurrency platform Bitfinex allows you to exchange Bitcoin, Ethereum, Ethereum Classical, EOS, Litecoin, Ripple, Argon, NEO, Verge, Stellar, Monero, OmiseGO and many other digital assets.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Pooja Anoj is a cryptocurrency blogger who covers exciting crypto news stories and crypto guides for OWLT Market.

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