You can buy, sell, trade, and convert crypto currencies in Bitcoin exchanges. And what is convenient with this set-up is that you will find many exchanges operating online. Your task now, then, is to find reliable ones wherein you can confidently make transactions. One of global Bitcoin exchanges online today is Bitfinex, which operates from Hong Kong under iFinex Inc.
Services offered by Bitfinex
Bitfinex offers three major services: exchange, margin trading, and margin funding market. The exchange allows users to exchange Bitcoin, EOS, Ethereum, Litecoin, and more. Users prefer this platform because of its fluid exchange. As is the case, you can easily send your fiat currency and receive crypto currency. The exchange also offers you different order types that you can use.
Margin trading service, on the other hand, allows you to trade to 3.3x leverage. The exchange lets you have a peer-to-peer funding platform. If your budget is not enough, you can ask Bitfinex to fund for you. Just enter the order for you to borrow an amount. You can also choose your rate, duration, and position.
Further, the funding market lets you earn an interest from your local and digital currencies. The exchange will fund you through the Flash Return rate. You can also use the Auto Renew feature for you to renew the exchange’s offer.
Bitfinex security features
All exchanges have amazing services, but it is also important for you to check the security features. This is important for you to make sure that the exchange is reliable and trustworthy. In the case of Bitfinex, it protects your account, the crypto currencies, and the system. To make sure that clients are at ease, the exchange chose the best services for maximum protection.
The exchange has a two-factor authentication that adds security to your account, especially whenever you log in, generate keys, and withdraw. Your account also has an advance verification that saves your login data. The system also monitors the IP addresses involved with your account. The exchange will notify you immediately if there is any suspicious account or hacker.
The crypto currencies are stored offline in cold wallets. The exchange makes sure that only trusted staff members can access the storage. There will be no outsiders that can access the system with its protection.
Why choose Bitfinex
There might be a lot of exchanges that can offer you better features, but this exchange was not considered as the largest Bitcoin exchange platform for nothing. It is open to multiple crypto currencies for you to convert and trade. The exchange even funds you just so you can trade freely. Not all exchanges offer these features. After you go to this exchange, you can go to a Bitcoin casino and play as many rounds of Bitcoin poker and Bitcoin slot games as you want.