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History[ ]

Founded in 2012, Bitfinex is a crypto exchange providing advanced services for digital currency traders and liquidity providers.

Location[ ]

Undisclosed. The website states “servers cloud based and globally distributed.”

Features[ ]

Exchange trading, margin trading upto 3x, margin funding.

Do the need Verification?[ ]

Yes—if you wish to deposit/ withdraw and trade fiat currencies. Verification can take up to 5 weeks. Verification is not needed for crypto deposits/withdrawals and trading.

Fees[ ]

Trading fees is either or a small fee depending on traders activity in the last 30 days. Deposit fees for Euro and USD is .100% with a minimum fee of $20. A small deposit fee is applied on less than $1000 USD equivalent. Withdrawal fees vary per coin and can be found on their support website. Margin funding fees are 15% on all generated fees received by margin providers and an 18% charge applied on fees on hidden offers.

Payment Methods[ ]

Crypto, USD, Euros.

Hacks/Breaches[ ]

In August 2016, about $70 million worth of bitcoin was stolen.