Deciding on the best platform to trade your crypto derivatives can be a daunting task especially if you are an absolute beginner. Cryptocurrency currency trading concept has been around for a few years now with many people trying their best to understand how to trade digital assets on online platforms.
There are several factors which would determine the best platform to trade your crypto derivatives to avoid falling for scams. Some issues to be keen on; fees charged, the features or options that the platform offers, security features of the platform. In addition, ease of use of the platform, availability of digital coins and the volume of trade. Among many platforms such as GDAX, Binance and Bitrex, Bitfinex has featured among the best and you'll like the features it offers you as a user.
A brief history of Bitfinex, developed back then in 2012 and has its headquarters in Hong Kong. Bitfinex charges fees per every trade which you transact and this fee becomes cheaper the more you continue trading the digital coins. There is an option to deposit using flat currency which is basically the normal traditional currency such as Dollar, Euro or Pound.
The other thing which makes the platform stand out among the best are the amazing features that it offers. As mentioned, it allows you to use flat currency to make deposits. Among this, it also offers advanced feature for trading such as 3.3 leverage and offering options for margin trading.
In addition, there are many types of varying orders. The other thing is you can make your deposits using wire transfer or cryptocurrency through a customized interface suited for your needs as the user.
In crypto-trading, security is an important factor to consider, without which your information and investment is jeopardized. So, how does Bitfinex guarantee your security? Through a raft of strict measures, they ensure that security is at top-level. First, there is an extra layer of security when you log in. In addition, when withdrawing, IP address has to be confirmed and each time only a certain IP address is allowed.
Use of encrypted emails between you and Bitfinex is also another measure that ensures that communication is only maintained between the two of you and no other individual can access. Most importantly, data storage is treated with a lot of seriousness with the info database stored safely in multiple off-site backup systems.
What are the options for you as the user at Bitfinex? Availability of trading options is key. Just as earlier mentioned, Bitfinex offers you the opportunity to use both flat and digital currency. Numerous digital coins such as BTC, BCH, BTG, TRX, GNT, AVT and many others are tradable. Understanding how these trading options work is key for your success.
To sum it up, Bitfinex is an awesome crypto derivative trading platforms offering an array of options which are attractive to any user. If you are in search of the best platform to trade in, Bitfinex would be a great option to start with.