Discover the Top Bitfinex Crypto Deals of [November 2024] in Australia - Claim Your Bitcoin Promo Code Now!
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Discount | Description | Expiry Date |
---|---|---|
6% | 6% rebate fee on your signup at Bitfinex - Black Friday
| 2024-12-02 |
14% | Up to 14% bonus at Bitfinex - Black Friday
| 2024-11-27 |
There are several services that Bitfinex offers its customers. Some of these are highlighted below.
Bitfinex provides users the most liquid order book in the world. Higher volume is essential for traders because it ensures a lower spread, which is the difference between the best bids and the ask prices.
This system offers customizable, advanced GUI, more than 50 trading pairs (for example, BTC/ETH), many order types, like limit, trailing stop, stop, market, scaled, and fill or kill orders.
The Bitfinex trading platform dashboard is also completely customizable. It is possible to access advanced charting functions along with API access. All the features combine, which make it a popular exchange for more experienced and sophisticated cryptocurrency traders.
Users of Bitfinex can borrow and trade with as much as 3.3x leverage via the site's Peer to Peer (P2P) margin funding platform. The borrowing terms (duration, interest, and duration) are automatically determined by you (the user) or automatically by the platform.
Another option is for cryptocurrency owners to lend funds to traders to earn interest. Users can offer funding through an array of assets and currencies; they choose at the duration and rate.
It is important to note that margin trading amplifies the downside and upside risk, and it is not something that is highly recommended for new traders. With margin funding, your funds are locked on Bitfinex for the loan's duration.
If you want to trade larger amounts of money (such as $100K or more) of cryptocurrency privately, you can utilize over-the-counter trading services offered by Bitfinex. The service will match and secure all larger, private deals.
Payment Methods and Currencies
Bitfinex currently accepts fiat deposits in USD, GBP, JPY, and EUR. The fiat deposits are made through wire transfers only. Currently, Bitfinex supports USDT - Tether - the quasi-fiat token that is unofficially pegged to the U.S. dollar price.
Affordable withdrawals and free deposits are available for EOS, Bitcoin, Litecoin, Iota, Ethereum loans, Ripple, Zcash, Dash, and Monero, along with over 80 more assets.
Verification is required to use Tether and for expedited cryptocurrency withdrawals. However, the exchange is still usable for those who just provide their email address. There is also direct access available through Tor hidden service.
Platform Fees
With Bitfinex, you are working with a taker-maker fee model. With this, fulfilling existing orders is considered the takers, and traders that place new limit orders are called makers.
The fees begin at 0.2% for the takers, and they can drop all the way down to 0% for large marker orders. Larger orders have no trading fees if they are orchestrated through the OTC desk.
If you use a bank wire, a 0.1% deposit and withdrawal fee is applied, which may grow to 1% of you want an expedited withdrawal.
Deposits for cryptocurrency are usually free unless you are planning to deposit under $1000 worth of crypto. If this is the situation, you are going to pay a fee, which is based on the coin being deposited. Withdrawals of cryptocurrency also have a small fee, which is dependent on the currency you are withdrawing.
Countries Supported by Bitfinex
The services offered by Bitfinex are currently available to customers across the globe. However, there are a few exceptions. These exceptions include:
Anyone in a country besides these can use Bitfinex.
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Considered one of the oldest cryptocurrency exchanges, Bitfinex, a Hong Kong-based business, was established in 2012. The exchange is well-suited for advanced traders, and it offers the option for margin lending and trading. Founded in the British Virgin Islands by iFinex Inc, Bitfinex started as a P2P margin lending platform, used for Bitcoin only. Some management and founders if iFinex Inc. is also associated with Tether, which is the U.S. based Stablecoin. Users of Bitfinex have access to an extensive knowledge base and a support system that is operated by tickets. The average TrustPilot score for the company shows that it is doing well in the realm of job satisfaction (most of the exchanges get 'poor' ratings).
Discount Codes | 5 |
Best Bitfinex Coupon | 14% |
Working Promo Codes | 1 |
Redeemed Codes | 14 |