Bitfinex

What is Bitfinex and how does it work?

Bitfinex offers the most liquid order book in the world, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Bitfinex allows up to 3.3x leverage trading by providing traders with access to the peer-to-peer funding market.

How do I place an order on Bitfinex?

Specify the Order Type, Order Size, and Price. A Market Order is a simple order since Bitfinex will immediately execute your order at the current market price. Finally, click Exchange Buy or Exchange Sell to execute.

What is advanced charting in Bitfinex?

Advanced Chart Tools. Bitfinex facilitates a graphical trading experience with advanced charting functionality that allows traders to visualise orders, positions and price alerts, tap to modify order properties, and annotate to their trading strategy.

How do I buy or sell BTC on Bitfinex?

The third box, Amount BTC, is the total amount of BTC you wish to buy or sell. To make a purchase, click Exchange Buy; to sell BTC, click Exchange Sell. Visit our Trading on Bitfinex Knowledge Base for more details on trading. If you have any questions on trading, please contact Bitfinex Support for further assistance.

Did Bitfinex manipulate Bitcoin’s price?

Research suggests that price manipulation of bitcoin on Bitfinex accounted for about half of the price increase of bitcoin in late 2017. Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world.

Where is Bitfinex based?

Fiat Currencies. Bitfinex is a cryptocurrency trading platform, owned and operated by iFinex Inc. which is headquartered in Hong Kong and registered in the British Virgin Islands.

Should I open a Bitfinex account?

Because Bitfinex charges really high fees, is not user-friendly, does not accept U.S. traders and was hacked in 2015 and 2016, we would suggest re-thinking your plan to open an account. However, if you want to proceed, follow our simple step-by-step guide below.

Is Bitfinex better than Binance?

Fees are generally lower on Binance, with a fixed 0.1% fee as opposed to the taker-maker fee Bitfinex uses. So overall, unless you’re looking for advanced features, it seems that Binance is probably a better choice than Bitfinex. You can read my complete Binance review here.

What is Bitfinex?

Bitfinex facilitates a graphical trading experience with advanced charting functionality that allows traders to visualise orders, positions and price alerts, tap to modify order properties, and annotate to their trading strategy.

What is margin funding on Bitfinex?

Margin Funding. The Bitfinex margin funding market provides a secure way to earn interest on fiat and digital assets by providing funding to traders wanting to trade with leverage. Users can offer funding across a wide range of currencies & assets, at the rate and duration of their choice.

What is the withdrawal fee from Bitfinex?

The withdrawal fee from the Bitfinex account to the bank account is 0.1% for fiat currencies. If you want the withdrawal to be processed within 24 hours, you can pay upfront the 1% fee. One of the most prominent features to consider while choosing a cryptocurrency exchange for trading is its security.

What are the best software wallets for Bitfinex?

Consider the CoinStats Wallet, one of the best software wallets to add an additional layer of security to your funds. CoinStats also lets you track your Bitfinex portfolio on its platform – all you have to do is connect your portfolio to the CoinStats Portfolio tracker.