Bitfinex is not a newly established cryptocurrency exchange. It has been in existence way back to 2012, founded by iFinex Inc. Its headquarters is located in Hong Kong, and it has been serving more than fifty countries. This platform is made available to users in the English language, the Russian language, and the Chinese language. Bitfinex products Include cryptocurrencies and fiat currencies.
The Bitfinex apps are supported by most Android phones and iOS. For security purposes, the exchange usually requires its users to provide a home address and a proof of an active ID card. The details of these documents are expected to be translated to English language before they can be used. The platform also makes use of handy analytical tools that are made easy for use. Almost every form of input and output is supported by this exchange.
The maker fees for Bitfinex start at 0.10%; however, it drops with volume. The taker fees, on the other hand, is higher than the cryptocurrency exchange standard, it starts at 0.20%. This exchange, however, does not accept US-based customers after they were forced to exit the US market due to its harsh regulations and legislation. Bitfinex, unlike several other exchanges, is not regulated, but rather it is registered in the British Virgin Island.
