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Posts with the TAG bitfinex

Here you will find all posts tagged bitfinex

About bitfinex ℹ️

Bitfinex is a prominent cryptocurrency exchange platform that offers a wide range of trading services and features to users worldwide. Established in 2012, Bitfinex has emerged as one of the largest and most liquid exchanges in the cryptocurrency market. As a digital asset trading platform, Bitfinex allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others. The exchange supports both fiat-to-cryptocurrency and cryptocurrency-to-cryptocurrency trading pairs, providing flexibility for traders to execute their investment strategies. Bitfinex offers advanced trading features such as margin trading, derivatives trading, and peer-to-peer financing, catering to both retail and institutional investors. The platform provides access to a deep liquidity pool and advanced trading tools, including charting and analysis tools, order types, and APIs for algorithmic trading. In addition to its trading services, Bitfinex offers secure storage solutions for digital assets through its proprietary wallet infrastructure. The exchange employs rigorous security measures, including cold storage, multi-signature wallets, and two-factor authentication, to safeguard user funds and data. Bitfinex has established itself as a reliable and reputable exchange within the cryptocurrency industry, earning the trust of traders and investors around the world. With its comprehensive suite of trading services, advanced features, and commitment to security, Bitfinex continues to play a significant role in shaping the future of digital asset trading.

Paolo Arduino: "bridges between blockchains will make USDT transactions cheaper"

Paolo Arduino Paolo Arduino | Technical Director of the Bitfinex

Paolo Arduino, technical Director of the Bitfinex exchange, believes that bridges between different blockchains will make transactions with usdt stablecoins cheaper. Arduino facilitated the pTokens development team that launched the bridge between the EOS and Omni blockchains. In the future, such bridges for interaction between different blockchains will reduce the load on the network and help reduce transaction fees.

Bitfinex Cryptocurrency Exchange

Bitfinex-Cryptocurrency-Exchange Bitfinex Cryptocurrency Exchange

At Bitfinex, you can trade 35 currency pairs, which include the US dollar, as well as the most liquid at the moment, crypto-currencies. Commission for operations depends on their monthly volume and is up to 0.2% for the buyer. In addition, the exchange has a commission for withdrawing funds, which depends on the specific currency and is 0.0004 bitcoins or 0.1% of the amount (minimum $ 20) when withdrawing in dollars. To register, trade or transfer from a crypto-cheater it is not required to indicate personal data, however, when placing funds in dollars or withdrawing them to a bank account, verification with the provision of documents is required.

Exchange Bitfinex is suspected of fictitious trade


The BitCrypto'ed blog claims that the Bitfinex Exchange is engaged in a fictional trade (wash trading). The blog article, consisting of two parts, reports on the alleged illegal activities of the exchange. In the first part, the author explains how the process takes place and why it is profitable for the exchange, and in the second - what could push Bitfinex to carry out such operations.

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