what is Bitfinex?


The platform offers 3 features:

Change (USD - bitcoin) This is a classic trading platform. Namely: to deposit USD you must make an international transfer and comply with the policy AML / KYC * platform, this can sometimes be painful. However, to file bitcoins there is no formalities.

Margin trading (Using the leverage to trade) By borrowing you can trade with higher capital and thus increase your profits (or losses). I will not develop this feature because I do not have any expertise in bitcoin trading. Contact us if you wish to write an article about trading 🙂

Liquidity provider (To become the bank) To be able to use the leverage, the traders must borrow funds. By becoming a "Liquidity provider" You will lend your bitcoins or your USD to traders. As a security measure, traders can not withdraw funds from Bitfinex, they can only use them to trade. In addition, you are not exposed to BTC / USD exchange rate risk. Bitfinex ensures that the trader is always able to repay you.
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If you are about to explore Bitcoin, there are some things you should know. Bitcoin allows you to exchange money in a different way from the usual banks. Thus, you should take the time to inform yourself before using Bitcoin for important transactions. Bitcoin should be treated with the same caution and care as your usual wallet, sometimes even more in some cases!