What is Bitfinex?
Bitfinex Overview. Key Features and Reputation
Year Founded
2012
Headquarters
Hong Kong
Regulatory Status
Operates globally with varying levels of compliance. It's essential to check its availability and restrictions in your specific jurisdiction.
Suitable For
Advanced, high-volume traders.
Bitfinex is a veteran cryptocurrency exchange known for its advanced trading features, deep liquidity, and focus on professional traders. It offers a wide array of tools, margin trading capabilities, and access to various cryptocurrencies. If you’re an experienced trader seeking a robust platform with sophisticated features, Bitfinex warrants investigation alongside a thorough assessment of its security practices and suitability for your overall investment strategy.
Bitfinex Assets & Features
Fiat Support
Multiple currencies (USD, EUR, GBP, JPY, etc.) with varying deposit and withdrawal options.
Trading Tools
Interface types: Advanced interface with in-depth charting and technical analysis tools.
Order Types: Extensive range, including market, limit, stop-loss, trailing stop, fill-or-kill, and more.
Additional Features
Margin trading (high leverage), OTC desk, lending markets, tokenized securities (availability may be region-restricted).
Bitfinex Fees & Security
Fee Structure
Trading fees: Maker/taker model with significant discounts based on volume.
Deposit/Withdrawal fees: Vary by asset and method, can be complex to navigate.
Security
2FA, cold storage, address whitelisting, employs a mix of hot and cold wallets.
It's important to be mindful of Bitfinex's security history and to stay updated on current measures.
Bitfinex Customer Support
Channels
Ticket system, knowledge base, email, limited social media engagement.
Availability & Responsiveness
User reports on wait times and resolution quality can be mixed.
Should You Consider Bitfinex for Your Crypto Needs?
Bitfinex might be a suitable addition to your crypto toolkit if you meet the following criteria:
Advanced Trading Experience
Bitfinex caters to experienced traders comfortable with complex order types, in-depth charting tools, and navigating sophisticated interfaces. If you’re a beginner, its robust feature set might be overwhelming.
High-Volume and Active Trading
Bitfinex’s deep liquidity makes it well-suited for those who frequently execute large trades or engage in active trading strategies.
Margin Trading Focus
The availability of margin trading with high leverage could be attractive if you have a robust risk management plan and significant experience using this feature.
Unique Features
If features like the OTC desk or tokenized securities are specifically important to your investing goals, consider whether Bitfinex offers the access you need. Always verify availability in your region.
How to track Bitfinex assets?
Monitor and capitalize all your Bitfinex assets with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.
Easy guide to track and capitalize all your Bitfinex assets
From the API menu, select [Create New Key], configure it (only read-only required) and name your new API
Open the email received form Bitfinex and confirm by selecting [Create API Key]
Use the Hodlezz mobile app to get more out of your CEX assets
Open the Hodlezz mobile app and create a portfolio
Select the settings icon in your portfolio
Select [Add connector] from the menu
Select [Bitfinex] to sync all your Bitfinex assets
Choose a name for your connector and insert your public and secret key of your Read-only API
Start tracking all your crypto assets now
Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.