Delving Deep Into The Cryptocurrency Exchange With a Risky Past

                                        

The cryptocurrency is the hottest commodity in the market that has opened channeled to make huge profits. Experienced and novice traders flock the digital currency exchange to trade the digital currencies for high returns on investment. To have an optimized experience, you need to choose the ideal exchange that suits your needs perfectly. If you have experience in the digital coin trading, the Bitfinex offers you the trading service with the help of Bitfinex Support Number 1-800-509-3075 to have a good experience. The exchange, which started as a P2P margin lending platform, started providing the peer-to-peer bitcoin exchange services from 2012. The exchange operated by IFinex Company has the headquarters in Hong Kong. The company registered in the British Virgin Islands is accounted for a price increase of bitcoin.

Pros

The robust and highly customizable platform offers several features that make it a hit among the traders. Some of the positive features are;

·         The robust and comprehensive platform is well-designed with modern touches that will help the experienced traders and institution to have a hassle-free experience.

·         It offers you the Over The Counter Service (OTC) for private trades in large volume without coming under the radar. So, you can remain anonymous to the other traders.

·         It offers different types of order trades, which is highly helpful for the professional traders.

·         You can expect a high level of liquidity from the platform, which gives you the confidence to trade the digital coins.

·         It offers you the options of 72 cryptocurrency pairs that is based on the four major currencies (EUR, USD, ETH, and BTC)

 Cons

The exchange offers goof features for your seamless trading, but it has some glaring disadvantages that make it a risky exchange.

·         Another major issue with the exchange is the two cases of hacking that resulted in huge digital coins. The first incident occurred in May 2015 resulting in the loss of 1500 bitcoins ($400,000) and the second hack resulting in $72 million on August 2016.

Bitfinex is one of the established exchanges in the market that offers you customized services for the institutional investors and experienced traders a platform for optimized trading experiences. It is the largest bitcoin trading exchange in terms of the volume traded. But, you need to maintain caution while using the platform due to the recent hacks, which raises security concerns. So, you need to consider your options and compare them to see if the exchange meets your demands.

Sometimes people have to face some issues, but there are Bitfinex Customer Support Number available. You can go for Wallet online. This is a reputed online platform to get solution of all your queries associated with crypto world and exchanges.