Bitfinex is a cryptocurrency trading platform currently headquartered in Hong Kong. Bitfinex is one of the few cryptocurrency exchanges that offers trading with up to 3.3x leverage, and also includes a margin funding feature.
Throughout its seven-year history, the exchange has been compromised several times, which has seen its usage drop considerably since its early days. Bitfinex has since bumped its security, and is now one of the most secure exchanges around, featuring two-factor authentication, and IP-locking, currently storing around 99.5% of user funds in cold storage.
Despite its setbacks, Bitfinex remains one of the most popular cryptocurrency exchanges, partly due to its mobile trading tools and extremely low maker fees. However, Bitfinex is one of the few exchanges that charge a fee for small deposits, currently defined as under $1,000 in fiat equivalent, making it less popular for small traders.
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