Bitfinex Overview review

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Background Information About Bitfinex Singapore

 

Bitfinex is an advanced digital asset exchange platform offering state-of-the-art services for cryptocurrency traders and global liquidity providers.

 

Bitfinex is one of the top leading cryptocurrency exchanges in the world, providing a suite of advanced trading features and charting tools. Besides, the company also provides access to peer-to-peer financing, an OTC market, and margin trading for a wide range of digital assets.

 

Bitfinex was co-founded in 2012 by Giancarlo Devasini and Raphael Nicolle. Giancarlo is the CFO at Bitfinex and has been instrumental in establishing banking relationships, attracting key personnel, and in the development of Bitfinex. JL van der Velde is the CEO at Bitfinex, responsible for developing a strict compliance system and collaborating with various systems to pioneer innovation within the space. The company’s business strategy is mainly focused on providing good support, tools, and innovation for crypto traders. Today, Bitfinex has established itself as one of the leading cryptocurrency exchanges in Singapore.

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Features of Bitfinex Singapore

 

Bitfinex boasts of a wide range of products that include:

 

  1. Advanced Trading Platform: This feature comes with an advanced charting functionality and customizable interface offering the most liquid order book in the world.
  2. Margin trading: This feature allows customers to trade with up to 10x leverage by receiving funding from the peer-to-peer margin funding platform.
  3. Margin funding: With this feature, customers can earn interest income on fiat/digital assets by providing funding to traders who are wanting to trade with leverage.
  4. Derivatives: The feature offers you to mitigate the risks associated with the volatility of digital assets.
  5. Advanced order types: With this feature, you can automatically create multiple limit orders across a user-determined price range.
  6. Paper trading: It allows customers to test trading strategies in a simulated market without any additional requirements to deposit real funds.

 

Apart from these features, Bitfinex also provides some advanced features such as professional connectivity, advanced charting, corporate accounts, APIs, enhanced reporting framework, and much more.

Bonus

Bitfinex Overview

How to create your account on Bitfinex mobile app from Singapore?

 

To create an account on Bitfinex from Singapore, you need to follow the below step-by-step process:

 

Step 1: Open the Bitfinex app on your mobile and click on the “Sign Up” button. 

 

Step 2: After you click on the “Sign Up” button, you’ll be redirected to the sign-up page where you have to fill in details, like email address, user name, and create a password. Here, you will also have the option to choose the time zone to view the information in your time.

 

Step 3: Next, you have to create and confirm a PIN code for your mobile app that you can use whenever you open the app.

 

Step 4: Now, you have to mandatorily enable two-factor authentication (2FA) to access the trading features. Here, you will be redirected to the Two-Factor Authentication page. Here, you can either choose to directly “Open 2FA App”, which will ask for your consent to open the Google Authenticator app if installed on your phone. After you open the app, the new 2FA code generator for your Bitfinex will be directly added to your Google Authenticator account.

 

Alternatively,  you have the option to select the “View QR and Secret code”. On choosing this option, your information will be saved and will not be shown again on enabling it.

 

Step 5: Next, you have to copy and paste the2FA code in the “Input Code” section of Bitfinex.

 

Step 6: Then, you will receive an activation email from Bitfinex to the registered email address. You need to open the email and click the “Confirm Email” button.

 

Step 7: After email confirmation, you will have to read and accept the terms/policy of Bitfinex. Now you are ready to get started.

Free quently asked questions

1Is Bitfinex legit?

Yes, Bitfinex is legit. It is one of the top leading cryptocurrency exchanges offering high cryptocurrency liquidity combined with advanced features. The company also enforces high-security measures like 2FA, U2F, APIs, and more to keep the accounts of customers safe and secured.

2Does Bitfinex charge fees on deposits?

Bitfinex does not charge any fees for cryptocurrency deposits. However, the company charges 0.1% with a minimum fee of $60 for fiat deposits.

3Is there a minimum limit for cryptocurrency withdrawals at Bitfinex?

Yes, Bitfinex enforces a minimum withdrawal limit to avoid dust amounts from being processed. The minimum withdrawal size at Bitfinex for cryptocurrency is US$5 equivalent.