You can start with as low as $20 USD.
Hong Kong based exchange operating since 2012. Bitfinex offers the platform in English, Russian, Simplified Chinese, and Traditional Chinese. Users are able to deposit to the exchange with fiat currencies such as USD, EUR, BGP, and JPY.
Bitfinex offers approximately 72 market pairs linked to four of the most popular base currencies - USD, EUR, BTC, and ETH.
Over the counter (OTC) trades are available and the Bitfinex OTC desk attracts a lof of institutional investors.
The platform is aimed at more professional traders with a temporary minimum account equity of 10,000 USD for new accounts. New users cannot trade on Bitfinex until the minimum has been reached. Access to any fiat deposits or withdrawals require users to go through an extensive verification process that may take up to 8 weeks. The trading interface on the platform is also more designed for experienced traders.
Maker fee is from 0% to 0.1%, and taker fee is from 0.1% to 0.2%. Cryptocurrency deposits are free. "
Anonymity possible up to $10,000.
The platform suited mostly advanced traders.
Orders
Limit orders, Market orders, Stop limit orders, Trailing stop orders, Take profit orders. More options: post-only, hidden order, iceberg order, fill or kill, good till cancel, immedate or cancel, OCO (one cancels other).
According to Bitfinex - 99.5 % of client funds are in cold storage. Two-factor authentication is available, E-mail encryption (OpenPGP); monitor withdrawals by IP, lock withdrawals for 24h when a new IP address is used.
Bitfinex services are available to clients from most countries around the world except United States, Bangladesh, Bolivia, Ecuador, and Kyrgyzstan.
