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 concepts have 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 that 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, and security features of the platform. In addition, ease of use of the platform, availability of digital coins and the volume of trade in. 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 for every trade you transact and this fee becomes cheaper the more you continue trading 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 that 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 them, it also offers advanced features for trading such as 3.3 leverage and offers 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 the top-level. First, there is an extra layer of security when you log in. Also, when withdrawing, the IP address has to be confirmed and each time only a certain IP address is allowed.
The use of encrypted emails between you and Bitfinex is another measure that ensures that communication is only maintained between the two of you and no other individual can access it. 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 a user at Bitfinex? Availability of trading options is key. As mentioned earlier, 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 to your success.
To sum it up, Bitfinex is an awesome crypto derivative trading platform 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.