Bitfinex Review

Bitfinex Review

About

Bitfinex is one of the largest Bitcoin exchanges in the world and previously was the largest.

Bitfinex implemented many innovative trading features which at the time were rare among bitcoin exchanges, margin funding for example provides a secure way to earn interest on fiat and digital assets by providing funding to traders wanting to trade with leverage.

Bitfinex is located in Hong Kong.

 

Getting Started / Verification

Signing up with Bitfinex is very straight forward and only takes a few minutes.

Verification can take between 6-8 weeks.

Additionally, and unfortunately for United States customers, Bitfinex does not offer accounts to peoples from the USA.

 

Trading

Bitfinex is by far one of the largest bitcoin exchanges in the world both in coin support and trading volume, there are numerous cool and innovative trading functionalities as well such as margin trading and margin funding.

For standard users though, Bitfinex has you covered with the standard market and limit orders being simple enough to use.

 

Coin Support

LOTS.

Bitfinex has trading pairs of all major crypto currencies and many non major ones.

 

Fees

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES
$0.00 or more traded 0.100% 0.200%
$500,000.00 or more traded 0.080% 0.200%
$1,000,000.00 or more traded 0.060% 0.200%

Conclusion

Bitfinex is one of the worlds largest exchanges and it has a coin listing and trading volume that is very hard to beat.

Unfortunately for Bitfinex it is shrouded in controversy with several investigations taking place around potentially shady / fraudulent behavior involving tether.

Because of this, my feelings are that Bitfinex may have great features but it’s not worth the risk I’ll be staying clear of this one.

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