Bitfinex 1 for Android

Bitfinex Description: Bitfinex is one of the best exchanges in terms of daily trading volume and is one of the most famous platforms for crypto currency trading.

Bitfinex consistently ranks among the top exchanges in terms of daily trading volumes and is one of the most well known cryptocurrency trading platforms in operation today. The exchange caters to more intermediate and advanced traders as well as institutions and offers a wide selection of coins, trading pairings and trading options. Bitfinex aims to be the premiere destination for seasoned cryptocurrency traders across the globe.

Bitfinex is a Hong Kong based trading platform that was founded in 2012 by Raphael Nicolle. The exchange is both owned and operated by iFinex, Inc. and has managed to work its way to the top of the charts in terms of trading volumes and user activity on the platform. Bitfinex is one of the largest cryptocurrency trading platforms, and is generally popular with traders across the globe, however, the team behind the exchange recently decided to discontinue providing their services to U.S. customers and focus on their users based in other parts of the world.

The exchange currently handles approximately $2B worth of trades a day, and records 24 hour trading volumes worth around $600m for its BTC/USD pairing, and this represents around 6.27% of the total market. These high trading volumes are a result of the team behind the exchange focusing on providing a high level of service for traders by utilizing a wide coin selection, low fees, and a comprehensive interface. The exchange also allows fiat deposits and houses a variety of cryptocurrencies with approximately 72 market pairs active on the platform. Bitfinex also attracts institutional investors and operates an OTC desk for high value over the counter trades. Despite its success, Bitfinex has also attracted a fair amount of controversy as a result of suffering a number of hacks, and being closely linked to the Tether stablecoin.

If you’re new to cryptocurrency and looking to get your first coins, Bitfinex is not for you. The lack of fiat funding options makes it impossible to buy crypto with regular money. Even if you do manage to fund your account, the complicated interface will certainly take time to master and will make costly mistakes more likely. Newcomers are advised to stick with a simpler exchange that offers a variety of familiar payment options.

On the other hand, if you’re an experienced cryptocurrency trader, Bitfinex likely offers everything you need and more. The chief draw is probably the platform’s high Bitcoin and Ethereum liquidity, but its margin funding, leverage, and multiple order types offer a lot of flexibility