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Bitfinex Exchange Review — The Ultimate Guide (2021)

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CryptoRadee
Bitfinex Exchange Review — The Ultimate Guide (2021)

In this Bitfinex Exchange Reivew artilce, we will dive deeper into pros and cons of this exchange platform, details and features. 

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. 

Bitfinex-Terminal-Real-time-Charting-and-Trading-Tools

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.

  • Bitcoin (BTC)
  • Tether (USDT)
  • Ethereum (ETH)
  • Litcoin (LTC)
  • Bitcoin Cash (BCH)
  • Bitcoin SV (BSV)
  • Ampleforth (AMP)
  • Ripple (XRP)
  • Antshares (NEO)
  • EOS (EOS)
  • IOTA
  • Aragon (ANT)
  • Balancer (BAL)
  • Bitcoin Gold (BTG)
  • BiTKan (KAN)
  • BitTorrent (BTT)
  • Blockpass (PASS)
  • BAND (BAND)
  • Bancor (BNT)
  • Avalanche (AVAX)

 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 of the top-notch cryptocurrency and digital assets trading platforms. Bitfinex offers margin trading, derivative trading, and many more services for traders.

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