Bitfinex Honey also proves to be a valuable tool, allowing you to execute numerous algorithmic orders directly from web browsers, streamlining the trading process. With Bitfinex, you can invest in an asset without actually needing to purchase it. This way, a contract is created, and the price of the asset is tied to the contract in question.
Bitfinex customer service
However, this comes with significant risks of not being able to correct possible mistakes, undo wrong transactions, recover forgotten passwords, prevent frauds, etc. In contrast, it’s much safer to trade on a centralized exchange, which stores assets on its platform and secures all transactions. Bitfinex has faced numerous other problems like a suit accusing the exchange of using the reserves of Tether to cover up a loss of $850 million.
Bitfinex Supported Cryptocurrencies
Like most cryptocurrency exchanges, your Bitfinex account is primarily self-service. The best way to get help is by searching the exchange’s FAQ and help sections to answer your questions. Most trades come with either a 0.10% maker fee or a 0.20% taker fee. Bitfinex offers a native mobile app on both Google Play and the iTunes Store, free of charge.
Is Bitfinex a good cryptocurrency exchange platform?
Before joining CoinCodex, Emma had been covering stories at the intersection of culture, entertainment, and technology. Upon her friend’s recommendation to invest in Bitcoin in 2015, she became interested in all things crypto. When she is not writing reviews or guides about DeFi and other crypto products and services, Emma prefers to spend her time in the company of her friends and family. Bitfinex is the world’s largest and most advanced cryptocurrency trading platform operating since 2013.
Charts on Bitfinex
Users only have access to ticket-based support along a knowledge-based platform. This type of limited customer service is reflected in the platform’s TrustPilot score, which regularly receives a rating of “poor”. Bitfinex offers a wide variety of trading options and order types. In fact, they bring you unusual offerings above and beyond the limit, stop-limit, and market order types you’ll find on other exchanges. You can also match any of your order types with their available order options. Bitfinex developed its interface for experienced traders, featuring advanced trading options and chartings.
- If you need your funds within 24 hours, you can pay a 1% express fee.
- This will provide margin traders with some funds in exchange for a small interest.
- Furthermore, this was very useful for traders and investors that enjoyed the Initial Coin Offering (ICO) boom.
- Bitfinex offers a range of features suitable for day trading, including a powerful trading platform complete with advanced charting tools and deep liquidity.
- To further secure your account, you can enable two-factor authentication strengthened by the universal 2nd factor open authentication standard.
There are no deposit fees when you use KuCoin and the trading fees are only 0.1%, which ranks among the lowest in the industry. Additionally, traders have access to a wide range of markets, so you can trade your favorite cryptocurrencies without needing to visit another platform. At that time, there were Bitfinex Review just a few cryptocurrency exchanges and the industry was starting to move forward. Thus, Bitfinex played an important role in order to help cryptocurrencies reach new users. This decision allowed Bitfinex to become one of the largest and most recognized platforms to trace cryptocurrencies in the world.
