Bitfinex Exchange ReviewCentralized
Bitfinex is a cryptocurrency exchange that was founded in 2012 during the early days of the crypto space. iFinex Inc., registered in the British Virgin Islands and headquartered in Hong Kong, owns and operate this digital asset exchange. It seems to have started out as a peer-to-peer (P2P) Bitcoin exchange involved in margin lending that later expanded by adding more cryptocurrencies.
A Bitfinex exchange review reveals that it has suffered multiple security breaches and ran into trouble with both the authorities and banks. This cryptocurrency exchange is also at the center of allegations pertaining to Bitcoin price manipulation. It is alleged that at least half of the Bitcoin price increase seen late in the 2017 crypto bull market was a result of price manipulation at Bitfinex. Critics also seem to raise questions about the connection between Bitfinex and Tether Limited, the company behind Tether (ticker symbol: USDT), a stablecoin of the same name. The two seems to share management and shareholders.
A Bitfinex exchange review also reveals that despite all the allegations, criticism, security breaches, trouble with the authorities and banks and its dubious claim to be “The World’s Leading Cryptocurrency Trading Platform”, it is serving the crypto space via no less than 107 markets today. The digital asset trading services they offer including both margin trading and margin funding with various order types (limit, market, stop, trailing stop, fill or kill, one cancels other / OCO, post only and hidden order). It is also revealed in a Bitfinex exchange review that they provide the liquidity needed to exchange or trade in digital assets or cryptocurrencies such as BTC, ETH, XRP, LTC, NEO and others.
24h Trading Volume29181.602 BTC
HeadquaterBritish Virgin Islands
Bitfinex Exchange Review
Full list of withdrawal fees here.
Bitfinex Fees Discount
There is no trading fee for OTC trades brokered by the the OTC Desk.
Bitfinex Deposit feesFree. Small deposit fees apply.
Bitfinex Trading fees
Maker/Taker fees, full list here.
Accepted Payment MethodCrypto to Crypto, Crypto to FIAT