Based in Hong Kong, Bitfinex is a cryptocurrency exchange that has remained at the forefront of technological innovation in digital asset trading since 2012. They provide clients with their proprietary trading platform, which allows traders to buy and sell multiple cryptocurrencies, such as Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets. They give users the ultimate cryptocurrency trading experience through their state-of-the-art trading tools, innovative technology, and high levels of customer service.
Bitfinex Review Introduction
In this Bitfinex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare brokers including Bitfinex.
Bitfinex Platforms & Tools
The broker provides traders with the Bitfinex mobile trading app, which is designed for smartphone devices running on Android and iOS and can be downloaded from the respective app stores. The mobile trading platform allows traders to manage their accounts and place trades from anywhere in the world, provided there is an internet connection.
Clients also benefit from a range of useful trading tools that help ensure a seamless trading experience. Some examples include the Trade API, which enables full integration with the trading platforms; Reporting Tools, and other tools.
Bitfinex Research & Education
Bitfinex provides traders with a vast array of educational resources, such as blogs, articles, newsletters, and an FAQ section. These help to keep the traders informed about how the market works and the latest happenings in the financial markets space whilst improving their overall trading skills and knowledge.
Bitfinex Trading Accounts
The Exchange offers clients the choice to open either the Corporate Account or the Professional Account. The accounts require an initial deposit of $1 and are tailored to meet the specific trading needs of professional and institutional traders. They allow Corporate and Professional traders to create sub-accounts. Some of the many benefits include grouping together of trade volume for free tiers and separate deposit and withdrawal permissions.
Bitfinex Account Funding
The Exchange accepts a wide range of different account funding and withdrawal methods. They include:
- Bank wire transfer
- Credit/Debit Cards such as Visa, MasterCard, UnionPay
The processing time of transactions may vary, depending on the payment method.
Bitfinex Customer Service
Bitfinex provides traders with a knowledgeable customer service team. They are polite and prompt in response and can be reached via telephone, email, and Live Chat.
The Exchange is not regulated by any reputable regulatory authority at the moment. Most experts would not want to trade with unregulated brokers as they do not offer the same level of financial protection as the regulated ones.
Bitfinex Review Summary
In brief, Bitfinex is an online cryptocurrency exchange that was launched in 2012 in Hong Kong wherein it operates from, offering clients multiple cryptocurrencies for online trading via their proprietary trading platform. They offer users a competitive cryptocurrency trading experience through its state-of-the-art trading tools, innovative technology, and high levels of customer service. There are multiple account options with a required minimum deposit of just $1. However, there is no regulatory information on the exchange’s website at the moment.
It is worth mentioning that some of the trading products and services in this Bitfinex review may differ or not be available to traders in some countries due to regulations. As broker’s terms can change over time, please verify all information is up to date directly from the Bitfinex broker website which you can visit by using the link below.
Trading in digital tokens and engaging in related leverage transactions entails significant financial loss. You should not commit funds to trade or leverage digital tokens that you cannot afford to lose entirely. Market prices for digital tokens can be volatile and highly unpredictable.