What is Bitfinex exchange, how to open accounts on the exchange, how to create Bitcoin wallets, Ripple … on Bitfinex will be shared by Taimienphi.vn in the following article. You should refer to for satisfactory answers, help make decisions whether to use Bitfinex trading platform or not.
Bitfinex trading platform was founded in the British Virgin Islands, but is headquartered in Taiwan, London and Hong Kong and has a worldwide operating team. Shortly after being founded, Bitfinex has quickly become one of the largest virtual currency exchanges such as Bitcoin, Etherum in the world.
Review Bitfinex, is Ethereum reputable trading?
Table of Contents:
1. What is Bitfinex ?.
2. Bitfinex feature.
3. Customized interface.
4. Mobile application.
5. Bitfinex transaction fee.
6. Introduction to Bitfinex.
7. Other virtual currency exchanges.
Review Bitfinex, is Ethereum reputable trading?
1. What is Bitfinex?
Bitfinex is a cryptocurrency and bitcoin exchange, offering 3 main transactions, including bitcoin and cash trading, margin trading and liquidity. On the Bitfinex exchange, you will not find trades available on other exchanges, such as short bitcoin through margin trading.
The exchange was established in the British Virgin Islands, but its headquarters are in Taiwan, London and Hong Kong. The executive team is available worldwide.
In August 2016, the exchange was hacked and as a result, 120,000 BTC were lost. Then Bitfinex transferred BTC from hot wallets to cold storage systems.
Despite being affected by the major attack in Bitcoin history (ranked second after Mt.Gox), Bitfinex continues to be one of the largest trading volumes today. As of April 2017, Bitfinex has returned stolen USD customers during the attack.
Today Bitfinex is known as the exchange with the lowest transaction fee in the world of cryptocurrencies. Traders who make transactions below USD 500,000 bear a manufacturer fee of 0.1% and a recipient charge of 0.2%. Transaction fees are reduced to only 0% (producer fee) with 30-day trading volume of over 7.5 million USD.
2. Bitfinex feature
Bitfinex is a rich trading platform, including many features that allow users to conduct transactions with bitcoin and other major coins. Here is an overview of the main features of the trading platform:
– Trading many currencies:
Bitfinex provides on-site trading for all major coins, including bitcoin, Ethereum, Ethereum Classic, Zcash, Monero, Litecoin, Dash, Iota, and Ripple. In general Bitfinex offers the most liquid trading in the cryptocurrency world.
– Margin trading:
Bitfinex allows users to trade with up to 3.3x leverage by providing traders with peer-to-peer market access. Traders can enter orders to borrow the desired amount in the fund at the rate and time they choose, or can open a position and Bitfinex will give traders the best available rate. at that time.
Is the Bitfinex trading platform a scam?
– Short-term loan:
Liquidity providers can make a profit by providing funds to traders with leverage. Funds are traded on order books with different prices and times.
Using the Bitfinex short-term loan system, users can earn interest in both cash and cryptocurrency, including USD Dollar, bitcoin, Ethereum, Ethereum Classic, Zcash, Monero, Litecoin and Dash.
Users can also customize the loan rate and duration, or choose to borrow at Flash Return Rate (FRR). In addition, users can also automatically renew offers when they expire by using the Auto-Renew feature (auto-renewal).
– Many types of orders:
Bitfinex offers a variety of orders, giving traders the tools they need in any situation. Types of orders include:
+ FOK command (Fill or Kill).
+ Order One Cancels Other (OCO).
+ Post only.
+ Hidden orders.
+ Iceberg Order (Algorithmicic Order).
+ Average price over time, or TWAP (algorithm order).
3. Customized interface
Traders can customize the Bitfinex interface compared to other trading platforms. You can change the layout, select different topics and set notifications or data options, etc.
In addition, you can compose sidebar on the trading platform, whether it is left or right, manage purchase navigation, set table options and arrange columns of orders.
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4. Mobile application
Bitfinex also has a mobile app for devices like iOS and Android. Mobile applications allow users to conduct transactions, participate in margin financing, wallet access, money transfers and setup access via API keys.
5. Bitfinex transaction fee
Here are the most important Bitfinex transaction fees you need to know:
– Producer fee (less than USD 500,000 in a period of 30 days): 0.1%– Recipient fee (volume under USD 500,000 in a period of 30 days): 0.2%
Charge rates for manufacturers and collectors reduce on volume over $ 500,000 over a 30-day period and continue to drop through 10 levels, down to the lowest level, available to traders who collect more than 30 million. USD for a period of 30 days.
– Deposit via Cryptocurrency (electronic money): free (available deposit methods include bitcoin, Ether, Ether Classic, Zcash, Monero, Litecoin, Dash, IOTA, Ripple and TetherUSD)
– Deposits via bank transfer: 0.1% (minimum fee is 20 USD)
– Bitcoin withdrawal fee: 0.0004 BTC.
– Ether withdrawal fee: 0.01 ETH.
– Ether Classic withdrawal fee: 0.01 ETC.
– Zcash withdrawal fee: 0.001 ZEC.
– Monero withdrawal fee: 0.01 XMR.
– Litecoin withdrawal fee: 0.001 LTC.
– Cash withdrawal fee: 0.01 DSH.
– Iota withdrawal fee: free.
– Ripple withdrawal fee: 0.01 XRP.
– USD withdrawal fee: 2.0 USD.
– Bank withdrawal fee: 0.1% Withdrawal amount (minimum fee is USD 20)
– Express bank transfer fee (within 24 hours): first% (minimum fee is 20 USD)
In addition, the loan fund includes the following fees:
– Fee of the loan provider: 15% (proactive financing contract fee).
– Fees collected by margin trading providers when opening a hidden order: 18% – Loan fees are then repaid without using in margin trading: maximum benefits.
6. Introduction to Bitfinex
Bitfinex is one of the largest bitcoin exchanges in the world, even though the trading platform was hacked in August 2016. The exchange was opened in 2014 and recognized by many users. is the largest bitcoin trading platform in the world.
Bitfinex became the focus of the August 2016 attack, 120,000 Bitcoin (approximately $ 72 million at the time) was stolen from the trading platform. Bitcoin price dropped to 20% after the attack, Bitfinex immediately stopped all transactions, withdrawing bitcoin. This is the second largest attack on bitcoin exchanges in bitcoin history.
After the attack, Bitfinex created BFX tokens and provided them to customers, considering it the amount they lost. Each token is equivalent to 1 USD. By April 2017, Bitfinex had acquired all the BFX tokens from its customers, meaning that the customer was refunded the lost money.
However, many customers complained because the price of bitcoin doubled between April and August.
Despite these challenges, Bitfinex continues to maintain its position and become one of the largest bitcoin and cryptocurrency trading platforms in the world.
Users can contact Bitfinex via email address: firstname.lastname@example.org. The executive team of the exchange is based around the world, including from the US, Europe and Asia.@ bitfinex.com>
Bitfinex’s parent company, iFinex Inc., was established in the British Virgin Islands. Bitfinex’s headquarters are located in Taiwan, London and Hong Kong.
Bitfinex is safe when trading Bitcoin and Ethereum, Bitfinex is a giant in the cryptocurrency industry. In August 2016, the exchange was hacked, resulting in 120,000 BTC being lost. Since then Bitfinex is constantly trying to improve its reputation. The exchange uses a system of cold storage to store bitcoins.
Transactions are carried out quickly, with low fees, 0.10% of manufacturer fees and 0.20% of recipient fees for traders of less than USD 500,000 within 30 days and the transaction fee will be lower.
You can start making bitcoin transactions on Bitfinex right now by visiting Bitfinex.com.
7. Other virtual currency exchanges
– BitOasis exchange.
– eToro exchange.
– C-CEX trading floor.
Above is an introduction article about Bitfinex: The largest Bitcoin and Ethereum exchange in the world so readers can find out more information about today’s leading exchanges, such as Allcoin, electronic exchanges. Leading is also one of the exchanges of virtual currencies Bitcoin, Etherum, Litecoin, … is rated as reputable and best today.
You can earn Bitcoin for free from intermediary websites, however, this free Bitcoin list is only software that meets the needs of the players, so do not focus too much on these Bitcoin lists.