Bitfinex is considered to be the world’s largest and most advanced cryptocurrency trading platform which is functional since 2013. It is a Hong-Kong based exchange. Bitfinex claims to have the most liquid order book in the world, enabling its users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Along with cryptocurrencies, the exchange also supports fiat currencies like USD, EUR, GBP, JPY. The exchange serves all the countries except a few. Bitfinex prides in its two distinctive features— Margin Trading and Margin Funding. In line with margin trading, Bitfinex allows users to trade with up to 3.3x leverage by receiving funding from the peer-to-peer margin funding platform. Meanwhile, margin funding market of the exchange offers a secure way to earn interest on fiat and digital assets by providing funding to traders looking to trade with leverage. The exchange charges relatively less than its competitors. The exchange charges maker and taker fee from the investors trading in its platform. Bitfinex is for the beginners, but it serves well to the professionals and intermediate traders as well. The platform is intuitive and best suitable for forex traders who are willing to invest in crypto verse.
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