is one of the market’s largest and most liquid cryptocurrency exchange service providers based in Hong Kong and founded in 2012, which offers leverage and more advanced trading tools. It is known as an established exchange that generally features a high trading volume.
Verify your account with the email link provided and begin to familiarize yourself with what Bitfinex can offer.
No ID Verification required upon initial signup, however, it requires a minimum US$10,000 liquidity in your account in order to use the platform and to start trading.
Note: Verification can take up to 48-hours.
Once you have signed up and logged in, you can set up your two-factor authentication (2-FA) which enables an additional layer of security by requesting a code from your smartphone upon every login.
After completing the process, an email link to verify and finalize your 2-FA will be sent to you. You are now ready to stock up some funds for trading.
Click on “Wallets” tab in the top-right corner of the screen, then you will see a list of two available assets to withdraw from or deposit into.
For example, we would like to transfer a fraction of a bitcoin (BTC) to our wallet address which was located by clicking on the down arrow labelled underneath “DEPOSIT/WITHDRAW”.
Here is a list of USD pairings for you to trade. If you would like to buy bitcoin, for example, click BTC and it will direct you to the trading interface. On the trading page, you will see the asset’s price chart, order book, order buttons and a list of all other assets in the BTC markets to your left.
Choose the amount of bitcoin you would like, then choose “Market” from the drop-down menu and hit “Exchange Buy”. There you are, you have now purchased your first bitcoin at market price on the Bitfinex Exchange!
Once you have decided to take profit or close your positions and you would like to transfer off the Bitfinex Exchange, click “Withdraw” in the top-right corner of your screen and select from the list of cryptocurrencies the one you have just traded on the platform with.
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