Bitfinex is a well-known cryptocurrency exchange. Bitfinex cryptocurrency exchange was founded in 2012 giving it a long history in the cryptocurrency industry. Bitfinex is an exchange that is particularly more attractive to more advanced traders because of the features and tools it offers. Traders are able to trade on margin and can also open short positions on Bitcoin. Bitfinex exchange supports fiat currency also. Trading pairs include USD, EUR, GBP, BTC, ETH, EOS, and JPY. Bitfinex exchange is supported in a number of different languages. For example English, Chinese (Simplified), Japanese; Spanish, Portuguese.
Bitfinex Review of cryptocurrency exchange
Bitfinex exchange has many different tools to assist traders. Bitfinex has charting tools, order books, and depth charts. There are many different types of orders that traders can execute and there is also a Bitfinex API to assist traders that want to apply algorithms and integrate. Bitfinex fees range from 0.2% to 0% for market makers depending on volume and range from 0.2% to 0.055% for market takers depending on volume. There are deposit fees for deposits less than $1000 in value. There are also withdrawal fees.
Bitfinex had a major hack in August 2016 where approximately 120,000 Bitcoin were stolen. Bitfinex company dealt with the attack by issuing USD Tether which is proposed to be backed by real US dollars. There has been a lot of speculation about whether the Tether is really backed by US dollars.