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Bitfinex

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Bitfinex is a centralized cryptocurrency exchange owned and operated by iFinex Inc. The exchange was founded in 2012, is headquartered in Hong Kong, and registered in the British Virgin Islands. 

Bitfinex is one of the world’s leading cryptocurrency exchanges with an adjusted daily trade volume of $130,337,046 at the moment of writing. The exchange offers crypto-to-crypto trading for all the major cryptocurrencies as well as a wide array of altcoins and stablecoins. Additionally, Bitfinex also features multiple fiat trading pairs as well as fiat on-ramps and off-ramps for USD, EUR, GBP, and JPY. 

The Bitfinex trading platform is rich with features including a highly liquid order book with minimal slippage for trading cryptocurrencies. It also features margin trading with up to 3.3x leverage as well as margin funding for added liquidity. For advanced traders, they can execute multiple order types including limit, market, stop, trailing stop, kill or fill, one cancels other (OCO), post only, and hidden order. Even more, the exchange features a customizable trading interface, professional connectivity, corporate accounts and professional trading, API integration, and a plethora of advanced charting tools. 

As for Bitfinex’s security, the exchange is centralized and therefore susceptible to centralized hacks and attacks. However, the exchange has implemented some of the best security measures in the industry. Bitfinex offers users two-factor authentication (2FA), universal 2nd factor (U2F), advanced verification tools, withdrawal protection, advanced API key permissions, and email encryption with openPGP. Moreover, the majority of crypto assets held by the exchange are stored offline in cold storage wallets. 


Top 5 Crypto Staking Exchanges

5 Jul 2020 5 minute read 5 comments Crypto Resources

1 ) Kraken Kraken has both on-chain staking and off-chain staking. The on-chain staking is provided to some Proof of Stake protocol cryptocurrencies and with staking on Kraken you first need to be a verified as starter level which is the (minimum) l...

Bitfinex Presents: Dazaar!

23 Jun 2020 1 minute read 3 comments Yasin

Bitfinex introduced its new product Dazaar, which will function as a peer-to-peer (P2P) data hosting service designed to eliminate the need for central data storage. The new product introduced to the cryptocurrency world will be available on June 25...

Bitfinex hack: 4 million dollars of stolen bitcoins have just been moved

11 Jun 2020 2 minute read 0 comments NassiroV

Image Source The hacking of the Bitfinex platform in August 2016 had caused a stir: nearly 120,900 bitcoins had been stolen there. No less than 416 of these BTCs have just been transferred and distributed to several other addresses. A larceny fragme...

A Lawsuit Filed Against Bitfinex and Tether Has Been Rejected Due To Lack of Evidence

5 Jun 2020 1 minute read 2 comments xqanxxx

Image Credit: Bitcoin News Bitfinex one of the largest cryptocurrency exchange through its blog announced the rejection of an amended class action lawsuit filed against them, Tether and other exchanges.  The General Counsel for Bitfinex, Stuart Hoeg...

Bitfinex Hacked Bitcoins

4 Jun 2020 1 minute read 0 comments bdk81

You may remember that Hong Kong-based crypto exchange Bitfinex was hacked in 2016. That time 120,000 BTC were stolen. At that time it was only worth to $72 million but now around $1.2 billion. Let see what is new about the stolen bitcoins from Bitfin...

Do zero reserve loans improve the tether supported by Bitfinex stocks?

28 May 2020 1 minute read 0 comments PassionCryptodotcom

Earlier this week, Tether (  USDT  ) made headlines to   freak out XRP   and take third place for the largest cryptocurrency by market capitalization. Confidence in main stablecoin appears to have returned, although Tether and Bitfinex are still invo...

BITCOIN BITFINEX HACK FUND IN MOTION IN 2016: DO HACKERS SELL?

23 May 2020 2 minute read 1 comment PassionCryptodotcom

unknown address, reported transaction tracker Whale Alert. This money transfer has raised speculation by hackers selling some of their 120,000 bitcoins stolen after the recent rise in cryptocurrency prices. Hackers have last moved a portion of the a...

Binance, Eosfinex, EOS Nation and EOS Cannon are Approving Updates of EOSDT Contracts

22 May 2020 1 minute read 4 comments EquilibriumEOSDT

Equilibrium strives for full decentralization. The governance framework that drives the updates to Equilibrium is now also decentralized, depending on multiple entities working together. Binance is the newest, biggest name on this list, joining an EO...

Risks Associated With Margin Trading Exchange: BitMEX and Bitfinex

16 May 2020 3 minute read 0 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

Today we will talk about two controversial exchanges that allow you to do "margin trading" by operating on the leverage.BitMEX (founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed) is one of the most controversial exchanges since in the past it...

Bitfinex has reached a crucial stage in the accumulation of Ethereum (ETH)

14 May 2020 1 minute read 0 comments PassionCryptodotcom

The Bitfinex multi-currency cryptographic exchange has reached a crucial stage in the accumulation of Ethereum ( ETH ). This cannot be an accident, underlines the analyst. Each DeFi exceeded by a single exchange Based on data provided by the chain an...