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Cryptocurrency Exchange

P2PB2B Exchange Review 2021

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The P2PB2B crypto exchange is a high-level trading platform, which operates good exchange procedures for its clients. To secure reliable and authenticated trades, the platform has all the features that benefit clients. The cryptocurrency exchange runs token sales in the event of encouraging crypto assets. It enables people to fund new coins.

There are lucrative offerings for users in the crypto community, such as Airdrop, the established gamification experience, trading contests, and the business plan of earning security wikibinhduong.com trading platform is established with the most reliable protection conformities. It is listed number 12 in the world as the most entrusted platform with core security hallmarks in regard to crypto exchanges. Although read this P2PB2B exchange review, and know everything about this platform in one place.

What Is P2PB2B?

The blockchain company was established and introduced to the crypto community in the year 2018. P2PB2B isn’t just limited to cryptocurrency exchange trades but also extends to business areas such as their Crypto Projects scheme for trusted associates.

The blockchain platform’s marketing initiative grants users various features such as expert advice for different types of trading activities. It assists users with tools to profit their approaches to scale record-breaking rewards, expand their fellowship, and sustain their liquidity valuations.

The cryptocurrencies website encourages buying and selling the most prominent cryptos in the FinTech world, in which clients can deal with a plethora of small altcoins.

It facilitates exchanges with the crypto royalty tokens, such as BTC, DASH, ETH, LTC, NEO, and many more. More availability will be provided and added to the site.

P2PB2B Platform Interface

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How Does P2PB2B Work?

P2PB2B employs only high-scale trading activities. The company’s speed can handle 10,000 exchanges per second. P2PB2B trading platform can scale up to bonds of 1,000,000 TCP. The exchange’s KYC verified identification mandates have a lucrative offering by integrating with AI-established functionalities that raise the momentum of the security compliances. Additionally, the live support by the platform is an added leverage point for users.

Facts and Features of P2PB2B

High Use Cases

P2PB2B provides a processing velocity of up to 10,000 exchanges within a second and links over 1,000,000 TCP.

Multi-lingual Client Support

Languages applied on the site for the ease of interaction for assistance are Chinese (Mandarin), English, German, Indonesian, Japanese, Korean, Russian, and Spanish.

Host of Fiat Money and Crypto Assets

P2PB2B holds over 200 cryptocurrencies and fiat funds, including but not limited to BTC, ETH, and USD.

Liquidity Based Client Interface

The trade webpage has single-page employment on its interface functionality, facilitating active interactions through P2PB2B updates that are content effective.

Features of P2PB2B

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Is P2PB2B Regulated?

While associating with P2PB2B, the client is entirely accountable for the judgment compliances made within the site. The regulations of the client’s country apply to the site, and they need to comply with that.

Each country and respective jurisdiction have detailed regulations on FinTech employed to the client’s associated value in all the product services and content of the P2PB2B site.

Airdrop and Exclusive Airdrops by P2PB2B

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Services and Products Offered by P2PB2B

Airdrop and Exclusive Airdrops

The verified client accounts have the offer of an Airdrop card where the tokens of PACT are credited within 24 hours.

The P2PB2B associated features warrant access to independent airdrops of famous crypto assets and profitable tokens. Additionally, it also renders an exclusive PACT staking facility for automatic airdrops.

Referral Games

Profit rewards are credited to clients who invite their friends or business associates on the Referral Games product offering.

Referral Games by P2PB2B

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Pros and Cons of P2PB2B

Pros Cons P2PB2B tools warrant a simplified user interface that is effective for novice customers and benefits technology-misinformed investors for trading opportunities. Clients are mandated to deposit and withdraw assets with the procedure of KYC compliances. The P2PB2B has an option for some extremely high-level valuations on profitable crypto assets and issues the PACT token for customers’ accounts. The website and social media official pages such as LinkedIn have a lack of debt in regards to the clarity of the overall P2PB2B team. A reliant and supportive team for customer service. The P2PB2B review on online trading analyst platforms has a contrary stance on the platform. P2PB2B offers a launch program that grants a host of opportunities for the investor to assist them in their new business projects. The user interface of the website lacks up-to-date trade instruments. The platform’s services render an option of buy and sell for a host of small and large cryptos. High-skilled traders’ disconnect is due to the restricted admittance grants of profitable benefits such as margin trading and futures. P2PB2B has the capability of a transaction procedure that can go up to 10,000 exchanges within a second.

P2PB2B Account Registration Process

To create an account with P2PB2B follow the below steps:-

  • The initial step to gain admittance to Estonia’s established P2PB2B site is that the client must select the register button on the trading platform’s home page.
  • The user is then directed to a landing page where they need to submit identification details, such as an email, secure password, and a referral code if available to the customer at the time of signing up.
  • After the mandated details, the client has to select whether they are a resident of the United States. The terms and services of the crypto exchange need to be read, and the Sign-Up button has to be clicked on.
  • In the next step of the registration process, the customer receives a confirmation email. The instructions received via email by the P2PB2B team should be obliged. This completes the user’s registration process.
  • To get the company’s approval, a KYC-compliant license system is mandated for the client. These regulations bring in transparency.
  • The client has to issue their country’s national authenticated ID proof and a passport size photograph.
  • Once they share these formal documents, the further process requires the client to click a selfie with the documents they have provided.
  • This selfie is supplied with a photograph that depicts the client holding a piece of paper that mentions the submission date.

P2PB2B Registration Process

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P2PB2B Fees

P2PB2B has initiated their trading fees for takers and makers at 0.20% each, respectively. According to the cryptocurrency market trends, the trading fees are usually around 0.25%, making the fees an economical credit for clients.

Regarding P2PB2B withdrawal fees, the site inflicts 0.001 BTC for exchanges in the BTC network. If the client uses a credit card, the trading fees are $10, a 5% commission from the transaction. Click here for more details.

P2PB2B Deposit and Withdrawal Method

As per our P2PB2B review, the site warrants wire transfers as one of the deposit methods. Clients can also deposit through their credit cards. When acquiring fiat currency deposits, a P2PB2B admittance-level trade is actioned where fresh crypto investors can take their initial measures into the profitable digital currencies world.

The withdrawals are made in the usual crypto function by choosing the desired deposit address. Then the currency of the client’s choice needs to be entered on the screen, and the credited amount is generated in the wallet.

P2PB2B Accepted Payment Method

To buy cryptos on the website, clients can utilize credit cards such as VISA and MasterCard. It is shielded from hackers by Simplex services. The compensation charge for using credit cards is only 5% (minimum $10 price value). The client’s wallet is credited through credit cards within the time frame of 10 to 30 minutes.

P2PB2B Supported Countries and Currencies

All major international markets can trade on the P2PB2B. Unfortunately, investors from countries such as Australia, Canada, China, France, UK, and the United States have either partial or complete restrictions of services.

In regards to one of the largest cryptocurrency exchanges, the prominent networks available on the platform are Bitcoin, Ethereum, Tether US, Binance Coin, Stellar, ChainLink, Tron, NEO, Ethereum Classic, NEM, Waves, Dogecoin, Maker, KyberNetwork, NeoGas, Golem, OmiseGo, Serum, Curve DAO Token, ZRX, Qtum, Tezos, Balancer, wikibinhduong.comnce, Compound, BAND, Synthetix Network Token, Numeraire, Wrapped NXM, REN, Loopring, Tellor, AugurV2, and Litecoin.

P2PB2B Mobile App

An enticing integrated P2PB2B application was launched to clients in the year 2019. The app is available for download on Google Play for android clients and Apple Store for iOS. The application is reliant and stores transaction funds in cold storage wallets, shielding itself from illicit trading practices.

The mobile application has accelerated trades such as up-to-date processing speeds of 10,000 cryptocurrency exchanges per second and rapid order book withdrawal capabilities of 1000,000 TCP connections. A peculiar feature is that the application is authorized to administer trades of cryptos in the EU territories.

P2PB2B Security and Privacy

P2PB2B trading platform is assigned upon preserving and upholding the client’s privacy. This Privacy Policy, along with the platform’s Terms of Use formalities, helps dictate their collection of information, functionalities, and the use of the client’s personal information.

To stay clear from hacker attacks, the Security hallmarks of P2PB2B undertake measures such as safeguarding 96% of the client’s crypto funds in cold wallets. Additionally, the platform has the lucrative offering of facilitating the Web Application Firewall (WAF) that helps identify and prevent all illicit strikes that can occur from hacker attacks.

P2PB2B Customer Support

As per our review, the P2PB2B’s support team works all days of the week without any time restrictions. Clients can email feedback at this address: wikibinhduong.com/P2PB2B_io, or they can reach out on the official email id: [email protected].

After the suggestion and complaints are received, the customer support team reaches out to the client and resolved their issues.

P2PB2B Customer Support

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Final Verdict

The user reviews trust the P2PB2B trading platform even though it’s a comparatively modish transaction company in the crypto realm. It has accomplished establishing and making a prominent name for itself in the digital currency expanse.

Its high-scale lucrative hallmarks make it an engaging and reliant trading experience for clients who wish to invest in profitable digital token returns.

FAQs

How Do You Get Crypto on P2PB2B?

To attain crypto assets such as BTC, the client is required to go to the homepage and select the ‘Trade’ option, which is placed on the left-hand side corner of the website. The client has to select the Market option then and find the desired digital currency network they want to purchase. For instance, if it is Bitcoin, then BTC needs to be selected. The value that has to be attained is added in the column. However, clients should not pass the balance in their wallets. Finally, the option Buy BTC or the desired crypto is authorized, and the funds are credited to the client.

Is P2PB2B Safe?

P2PB2B seems a safe option as KYC is compulsory for making deposits and withdrawals. Besides, It offers its users a two-factor authentication security feature.

How to Use P2PB2B?

To avail the effective investor access to P2PB2B, the user is required to select the register button on the home page of the trading website. The client is then directed to a page where they need to submit identification details, such as an email address, password, and a referral code if available to the customer. After the mandated details, the client is required to select whether they are a resident of the United States. The terms and services of the exchange need to be read, and the Sign-Up button has to be clicked on.

Are There Any Transfer Limits?

The trading amount limits vary for each exchange. Clients need to check the exchange restrictions on the trade page when sanctioning the order.

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Cryptocurrency Exchange

PrimeXBT Review 2021 – All You Need to Know

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Experience the Best With PrimeXBT Trading Platform

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Features of PrimeXBT Review

Here are a few unique features of Prime XBT:-

  • According to PrimeXBT review, Prime XBT allows its users to use bitcoin only accounts, and they can deposit using Bitcoin, Tether, Ethereum, USD Coin, etc.; however, all the trades executed on the platform are carried out only in Bitcoin.
  • Prime XBT trading services offer privacy to their cryptocurrency traders, implying that the user need not undergo any mandatory KYC process before they start trading. Even though it is self-regulated, it has partnered with numerous anti-money laundering authorities around the world.
  • As per the PrimeXBT review, it offers a well-designed and innovative platform where the widgets can be customized. It provides over 12 integrated liquidity providers capable of executing over 12,000 orders a second and enables the average market orders to be executed immediately.
  • PrimeXBT module combines with other crypto social trading platforms that allow the traders to track their trade; they can automatically copy the trades of other successful traders and use them for their benefit.

Why PrimeXBT

Pros and Cons of PrimeXBT

Pros Cons The sign-up process is quick, and the user need not submit to KYC procedures. PrimeXBT does not offer demo accounts to its customers. PrimeXBT trading offers lower fees, maximum leverage, competitive trading conditions, and competitive service fees. Clients in the US, Canada do not come under the supported countries list of Prime XBT. Trades can be executed super-fast as the platform uses the latest technology and liquidity resources. This exchange compared to other crypto exchanges is self-regulated and does not offer fiat currency deposits and withdrawals. It offers margin trading in traditional assets and cryptocurrencies. PrimeXBT provides only CFD trading and not spot trading. Offers 100x leverage of up to 1:100. PrimeXBT facilitates an excellent trading platform that both new and experienced traders can use. Prime XBT minimum deposit is 0.001 BTC.

Account Opening Process

PrimeXBT Review – Account Opening Process

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Below are the Steps to Open an Account with PrimeXBT:-

To open an account with PrimeXBT is an effortless process, the trader should go to the website and click the Register button. The registration process takes less than a minute because no personal details or verification is required.

The user needs to fill in their details like full name, email, and strong password. Next, they need to click and accept the terms of the service and click submit.

A verification email is sent to the trader’s email ID; after clicking that link, they are automatically logged in to the account. Further, there are no KYC processes, forms, verifications that Prime XBT requires.

The next step is to deposit the funds into their PrimeXBT account. The user can also make credit card deposits to start trading.

Prime XBT allows you to secure your account using a solid email plus password combination along with Google Authenticator-based 2FA.

PrimeXBT Fees

PrimeXBT Review – PrimeXBT Fees

The principal fees at PrimeXBT are Trade fees and Overnight Financing. PrimeXBT charges trade fees/commissions on the trades executed. PrimeXBT also charges overnight finance fees for holding a position open overnight, but this varies from trading pair to pair.

Concerning PrimeXBT fees, this platform offers lower prices, and it does not charge deposit fees, but the withdrawal fee will cost 0.0005 BTC, which is a standard fee to cover the Bitcoin transaction cost.

A trading fee is charged when a trader opens or closes a position every time. Below is the list of fees charged by the platform –

  • For cryptocurrency trades, 0.05% is charged
  • For Indices and commodities, 0.01% is charged
  • For Forex, 0.001% is charged

Deposit and Withdrawal Methods

According to the PrimeXBT review, the platform accepts only Bitcoin as payment currency, making it crypto to crypto brokerage or crypto exchange. Moreover, this will affect the process and how the users source their capital.

This exchange transacts only with cryptocurrencies. It has a widget in its deposit section where the user can buy Bitcoin through a credit or debit card. If the user already has bitcoins, it is simple to deposit them into their account via the bitcoin deposit address.

Withdrawing the funds is a simple and straightforward process. The user needs to input the quantity and a personal bitcoin address to proceed with the process. This platform provides address whitelisting, which implies the addresses are already preset and can be used for withdrawals. 0.0005 BTC is the fee charged for withdrawals.

Products Offered by PrimeXBT

PrimeXBT Review – Products Offered by PrimeXBT

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This platform supports cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, EOS, and other supported cryptocurrencies to trade on the forum.

PrimeXBT provides some of the most popular indices like SP 500, FTSE 100, ASX 200, DAX30, and more.

The users can trade in the Forex market using minor or significant forex pairs. Further, they will be charged a commission or trading fees when they execute trades.

In commodities, the users can trade gold, natural gas, crude oil, etc.

PrimeXBT Platform

PrimeXBT Reviews – PrimeXBT Trading Platform

PrimeXBT is a good trading platform designed for both new and advanced traders and provides a hassle-free experience. Even though it has several advanced trading features, it offers a browser-based platform that does not require installation or downloads. It comes fully equipped with more trading chart types and analysis tools, 50 technical indicators, etc. The platform’s interface can be fully customized and provides various execution methods, trading histories, and visualization tools.

Turbo Platform

PrimeXBT Reviews – Turbo Platform

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PrimeXBT offers a Turbo trading platform where beginners can easily understand it. It permits the users to take the position of an asset for a defined gain; this implies that if the trader’s prevailing market price prediction is correct after a certain amount of time, they get a fixed payout.

The users have three choices regarding the duration of the trades, like 30 seconds, 1 minute, and 5 minutes. Presently, this platform supports trading pairs like BTC/USD, GBP/USD, ETH/USD, EUR/USD, EUR/JPY, USD/JPY, etc.

Covesting Module

Covesting Module by PrimeXBT

PrimeXBT offers a Covesting module available for all the users on their platform. It allows the traders to copy and execute the winning trade strategies of other professional traders.

The first crypto exchange offers this unique feature and offers a transparent trading environment to its users. It also permits the traders to set and manage their trading strategies to execute profitable trades from current market movements, which provides new and advanced traders an opportunity to boost their profit potential.

PrimeXBT Affiliate Program

Affiliate Program by PrimeXBT

PrimeXBT affiliate is a unique program that offers generous rewards to its customers. It provides marketing tools and affiliate links to become a partner. Through referrals, the affiliate partner gets a small percentage as commission.

For example, if a trader brings in a new customer through the affiliate program and executes a trade worth $1000 in BTC, PrimeXBT trading fees are $50 or 0.05%, and the affiliate partner gets 20% which is $10 as a reward.

PrimeXBT Mobile App

Explore the PrimeXBT Mobile App Services

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PrimeXBT offers a mobile app where the users can install the app from the Google play store. During our Prime XBT review, the platform offers two-factor authentication. This means that you will have to authorize the login on your phone via the google authenticator. It is not mandatory for you to enable 2FA on your phone although it is highly encouraged. You can do this quite easily through your account management options in your “security settings”.

PrimeXBT will present you with a QR code and a backup key. This has received several good reviews, and several thousands of users have downloaded them. The user then opens a new account through this mobile app, and they can trade more than 30 assets across Forex, cryptocurrencies, commodities, Indices, etc.

The mobile app’s user interface is intuitive, and it is easy for the user to navigate and access complex charting tools. Users can have control over their accounts, can deposit and withdraw funds on the same trading day.

Security Parameters

  • Prime XBT exchange has an extensive and powerful cybersecurity network to ensure that strict practices and measures are in place for their customers to protect their assets against any threats. It also conducts periodical tests and also audits and provides a platform that strict security standards have complied with the platform.
  • PrimeXBT trading platform has been designed to meet the highest industry standards. These systems are uniquely coded to increase order execution, speed and to minimize latency. It automatically monitors all the risks associated with an order size, buying power factor, maximum position size, profit or loss, and executes complete risk management when the order is placed.
  • This platform offers wallet security where the customer’s digital assets are stored in their offline cold storage. Further, only a portion of their digital assets is held in their hot wallet or online trading wallet.

Security Features by PrimeXBT

  • This platform uses multi-signature, also known as “Multisig” to prevent unauthorized access and provide tolerance and attacks for losing access to their key by removing single points of failure. The fund transfer from the storage to their wallets is manually handled, and it requires collaborative work.
  • The process used by Prime XBT is a dual-factor authentication that requires an in-depth verification process. This offers a higher level of protection than using single-factor methods, where it only requires a password.
  • PrimeXBT offers their customers an additional level of protection called withdrawal address whitelisting. This acts as an extra layer of secureness by allowing their clients to whitelist a specific withdrawal address. This can help you prevent transfers to unauthorized wallets, which is handy if anyone gets unauthorized access to your trading account management page.
  • The website of PrimeXBT is protected through SSL (secure socket layer) technology and encrypts the data transmitted through the internet. By doing this, the hackers would not be able to steal highly protected personal information.

Customer Support

PrimeXBT Customer Support Services

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Prime XBT offers 24×7 operations with a team of highly knowledgeable, and they assist the customers anytime. It offers its support through two types of support channels –

  • Users can email the support team to [email protected] or [email protected] They can send their queries to the customer support team to receive a reply within a few hours.
  • PrimeXBT also offers instant web chat, available on the website to get an instant reply through chat assistance. Within a few seconds, the users can get a response to their queries.

Our Verdict

To sum up, PrimeXBT is one of the most popular and secured bitcoin-based exchanges that offer their users leveraged trading and the required tools to trade in the trading crypto market. And, hence it comes under the list of top crypto exchange. It is also a self-regulated platform, and it provides its users with high-security systems and privacy.

It provides margin trading, and the fees charged by the platform are lower. Compared with other media, Prime XBT is serving thousands of users every day; additionally, Turbo and Covesting features help the new traders understand margin trade and leveraged trading, and they can also learn trading from other traders. Prime XBT is the best platform if the user wants to trade cryptocurrencies with lower fees.

PrimeXBT Achievement Till Now!

FAQs

Is PrimeXBT Legit?

Prime XBT is considered one of the market makers and legitimate companies, and it has been registered in Seychelles under Prime Technology Limited, Seychelles company, number 217308. Since its inception, this global exchange has gained more popularity and has thousands of users spread over 150 countries worldwide.

Is PrimeXBT Safe?

Prime XBT is a safe cryptocurrency exchange platform where users can trade different types of markets. It offers a maximum of 100x leverage for its customers. It does not have any report regarding breaches and provides its users the best security parameters, procedures, and protocols, thereby ensuring the safety of their clients. It stores its client’s funds in cold storage wallets and ensures that the user follows Two Factor Authentication.

Is PrimeXBT Regulated?

Any authorities do not regulate PrimeXBT; it is a self-regulated exchange.

How Do I Withdraw From PrimeXBT?

For withdrawing, the user should go to the Prime XBT website and log in to their account. They need to click the withdraw option. First, they need to transfer their money from their trading account to their wallet, as withdrawals can be made. The next step would be to fill in the destination address and click the submit to withdraw option. You can make withdrawals only to a whitelisted wallet address.

Is PrimeXBT Covesting Legit?

Yes, convesting in PrimeXBT is legit.

Is PrimeXBT Allowed in the US?

No, PrimeXBT does not allow US resident users.

How Do I Get PrimeXBT Bonus?

Here at PrimeXBT, you need to add at least 0.01 BTC of the initial deposit to activate your 50% welcome bonus.

Is PrimeXBT Free?

The Platform does not charge any deposit fee but do charge transaction cost while withdrawing.

Constitute Investment Advice Disclaimer – Trading in forex is a complex instrument with a high risk of losing money rapidly due to leverage, and the products are not suitable for all investors. Independent financial advice should be taken before proceeding.

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Cryptocurrency Exchange

Bitfinex Review 2021

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Introduction

Cryptocurrency trading and investments are on a high since the time cryptocurrencies have entered the finance sector. There are hundreds of cryptocurrency exchanges operating all over the world, out of which most exchanges are regulated, and a few are not. Bitfinex is not a regulated cryptocurrency exchange, but it is one of the most reliable exchanges, which focuses on the trader’s safety more than making profits. In this Bitfinex review, a summary of all important points is covered to help traders choose the right cryptocurrency exchange according to their conveniences.

What is Bitfinex?

Bitfinex is one of the oldest cryptocurrency exchanges in the world, founded in 2012. The Bitfinex headquarters is based in Hong Kong and managed by iFinex Inc. It is one of the most liquid exchanges in the world that deals in digital tokens (BTC/USD pairs) along with seven other major Altcoins like Ethereum and Monero.

The journey of Bitfinex as a trading platform has not been impeccably smooth in its early days, as soon after it came into existence, the exchange experienced two hacks and several other controversies for price manipulation and security breaches along with allegations of insolvency. But with its unique features and safety measures, it has managed to become one of the largest cryptocurrency exchanges in the world in terms of high volume.

Bitfinex Review - Website InterfaceBitfinex Review – Website Interface

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The Bitfinex exchange offers margin-trading, and their in-house indicators for both Bitcoin long and shorts provide essential trading signals to other leading crypto players in the market. Besides, the exchange also supports fiat trading, deposits, and withdrawals.

However, it might take a lot of time for a new user to complete the verification process, which is due to the backlog of applicants the exchange has. This yet again favors the exchange that despite a long verification process and turbulent records, traders are keen to use the platform for crypto investments and trading.

Features

Bitfinex offers the following unique features to its users.

Features of Bitfinex ExchangeFeatures of Bitfinex Exchange

Easy Signup process

The Signup process at Bitfinex is very easy though it may be a little lengthy. It does not require much verification unless trade is made with fiat currencies. Also, the website has a mobile-friendly interface and is fast. There is also a compatible mobile app for Android and iOs users to navigate through.

Safety

Bitfinex security and safety are the major concerns for Bitfinex, not because the platform experienced consecutive hacks soon after its inception but because the customer’s safety is prioritized. In order to keep client funds safe, Bitfinex stores 99.5% of its user funds in a cold storage system that is also geographically spread out and uses a multisig feature.

Traders are required to go through a 2-level authentication process in their login credentials and withdrawals. The first level of security is the 2FA (Two-factor authentication) layer, and the second level of security is the U2F (Universal 2nd Factor) that uses a physical security key. Apart from this, there is DDoS protection installed for securing the servers and IP addresses whitelist.

Advance order types

Bitfinex exchange account supports a suite of advanced order types with top-tier liquidity, which allows users to easily exchange Bitcoin, Ethereum, Litecoin, Ripple, EOS, NEO, and various other digital currencies with minimal slippage. For repeatedly entering multiple orders, an algorithmic order type called the ‘Scaled Order’ tool is designed to enable users to focus more on the trading strategies rather than wasting time entering orders manually.

Bitfinex- Advanced FeaturesBitfinex- Advanced Features

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Advanced Chart

Bitfinex supports an advanced charting tool that allows traders to effectively visualize orders, price alerts, and trade positions. It helps them to simply tap and modify order properties.

Professional connectivity

The Bitfinex trading platform partners with professional traders and corporate accounts, which provides a fast and convenient trading experience to the users.

Pros and Cons

Pros Cons Suitable for experienced traders Does not support US clients Supports over 100 crypto coins High trading fees Ethical- paid back all the losses to traders who suffered the 2016 crypto hack on the exchange. Not a regulated exchange High Liquidity Customer support team can only be contacted via email Allows bank wire deposits and withdrawals. Does not allow any debit/ credit card or e-wallet deposits.

Account Opening Process

The account opening process in Bitfinex is quite simple, but it may take a little longer due to its customer base who are trying to open an account in Bitfinex, and therefore the waiting time to process may take a bit longer. Here is a step-by-step guide on how to sign up and start trading at Bitfinex:

Create Account

To create an account on the Bitfinex platform, users need to first log in to the homepage of Bitfinex and click on the “signup” button. Here the users need to fill in their email address and password that should be an alphanumeric one to provide for maximum security. A confirmation mail will be sent as per the login data at the provided email address, which the users need to confirm to activate their account.

Bitfinex Review- Signup processBitfinex Review- Signup process

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Verification

After users sign up, they will be directed to the verification page where they need to click on the “Verification” button and follow the on-screen instructions. They will then need to enter some personal details and subsequently upload a scanned copy of some government-issued IDs.

Users can directly begin trading on Bitfinex without confirming their personal details, but in case they intend to exchange fiat monetary forms for Bitcoin or any other stablecoins, verification is mandatory. Depending on whether the user holds an individual or corporate account, the exchange may ask for additional documents like a bank statement or a signed statement affirming the legitimacy of documents provided by the user besides personal details, ID verification, and proof of residence. Verification time can take a maximum of two weeks, depending on the interest.

Deposit Funds

After verification and activation of accounts, traders can deposit funds in their accounts. There is a ‘DEPOSIT’ button on the top right-hand corner of the screen, clicking on which opens up options of the traders from where they can choose which currency they want to deposit – EUR, USD, GBP, or YEN, etc. The processing may take up to ten days before the account is ready for trading.

Start Trading

This is the last, and the final step after the traders can begin day trading at Bitfinex. They need to click on the ‘TRADING’ button at the top right side of the screen, which will take them to the main trading area. They will then be asked to select the trading pair that they want to trade. Finally, they will need to enter the amount and decide whether they want to do a ‘limit order’ or a ‘market order’ before placing trades.

Payment Methods

Bitfinex allows the following deposit and withdrawal methods:

Deposit

Bitfinex accepts deposits in the form of both fiat currencies (EUR, JPY, GBP, and USD) and cryptocurrencies. However, fiat deposits can be made via wire transfers only. Bitfinex also supports USDT- Tether cryptocurrency, the quasi-fiat token that is unofficially pegged to the USD price. Free deposits are also available for Bitcoin, Litecoin, Zcash, Monero, Ethereum, Dash, Ripple, EOS, and over 80 other assets. Deposits via debit/credit cards or e-wallet transfers are not allowed at Bitfinex.

Withdrawals

For withdrawals, Bitfinex has specified a minimum wait time of 12 hours, but it generally does not take more than 2 hours if everything is legit. For expedited cryptocurrency withdrawals, Bitfinex requires transaction verification for USDT usage.

Fees

The following are the Bitfinex fees charged from the traders:

Bitfinex deposit fees

For deposits made via bank transfers into the Bitfinex account, the customers are charged a fixed fee of 0.1%. For deposits made via cryptocurrencies, a nominal fee is charged, depending on the specific coin with which the trader wishes to fund his account on the platform.

Bitfinex withdrawal fees

For withdrawal, a fixed rate of 0.1% is charged from the traders if they want to cash out via bank transfers. However, if the customers are looking for fast withdrawals (say within 24 hours), they will need to pay a fee that may exceed up to 1%.

A withdrawal fee amounting to 0.0004 BTC is charged from traders for withdrawing BTC from the exchange. As of November 2018, Bitfinex announced to increase its withdrawal charges to 3% on all withdrawals via fiat currencies if the user withdrew more than twice during the last 30 days or withdrew more than 1 million USD in the last 30 days.

Bitfinex trading fees

Bitfinex operates on a taker-maker fee structure where traders who fulfill existing orders are called ‘market takers,’ while traders placing new limit orders are called ‘market makers.’ For takers, the fees start at as high as 0.2%. This is considerably higher as compared to the trading fees charged by other exchanges like Coinbase. However, the fees drop to as low as 0% for makers that compensate for the loss, and also, there are no trading fees charged for large orders that are conducted through the OTC desk.

Bitfinex also offers discounted maker fees of 0.10% for promoting liquidity at the exchange. Then there are also rewards given out to frequent crypto traders in the form of fee discounts. But to avail of the discounts, traders have to trade for an aggregate value of more than 0.5 million for 30 days.

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Services Provided

Following are some of the Bitfinex services listed that the exchange offers to its clients:

Lending and Staking

The lending and staking services offered by Bitfinex allow users to lend or stake their cryptocurrency holdings easily. For this, traders are not required to have the technical knowledge to operate a staking software; it is done automatically at Bitfinex. It has a separate P2P platform called the ‘Bitfinex Borrow’ that allows users to borrow funds from their fellow users using the crypto assets as collaterals.

There are no limitations as to how the borrowers use the funds they have borrowed via Bitfinex Borrow; the loan duration and the interest rates can be customized based on the borrower’s needs. However, the amount that can be borrowed is subject to the amount available in the trader’s account with an overall limit of $250,000 and the type of collateral used. There are specific requirements that need to be fulfilled in order to be eligible for the loan, but there is no need for a credit check, unlike in traditional banks. Therefore, the lending service provided by Bitfinex is very popular among traders.

Margin Trading and Margin Funding

Bitfinex offers margin trading and margin lending; it allows its users to trade with up to 10x leverage by taking advantage of funding from the P2P margin funding market. Users can automatically enter a funding order themselves to borrow their desired amount at their convenient rate and duration.

Bitfinex also offers margin funding along with margin trading. Margin funding provides a secure way to traders to earn interest on fiat currencies as well as digital assets. Margin funding provides funds to traders who want to trade with leverage. The rate and duration of the funding can be customized by the users themselves. The ‘Auto-Renew’ feature automatically renews offers upon their expiry.

Derivatives trading

Bitfinex allows derivatives trading that allows traders to speculate on the price of an asset or derivative without the need to buy or sell it. Traders who intend to execute a trade only need to collateralize their derivatives account with their USDT holdings.

Over-the-counter services

An over-the-counter trading service is available for traders who wish to trade major amounts (say over $100,000) of cryptocurrency privately.

Bitfinex- Affiliate ProgramBitfinex- Affiliate Program

Customer Support

The customer support team is available on a 24/7 basis but only via email, which is a serious drawback for the traders trading on the Bitfinex platform. However, as email is the only point of contact of the exchange with its clients, it makes sure that traders get their issues solved within a maximum of 12 hours from the time they have raised the queries.

There is a separate Telegram channel where the admin team answers general compliance-related questions. However, any account-specific queries require to be raised through the official support ticket system within the exchange to avoid any security issues. Bitfinex does not entertain private messages, and therefore traders should not share their passwords with anyone asking for it.

Our Verdict

Thus, Bitfinex is one of the most trusted cryptocurrency exchanges in the world, with a comprehensive list of supported coins that allows traders to buy or sell their preferred cryptocurrencies. It is mainly the platform for advanced traders proficient in using top-grade charting tools with significantly high liquidity volumes. For newbies, Bitfinex may not be the right place to start with.

FAQs

Is Bitfinex safe?

Yes, Bitfinex is a safe and popular exchange to invest and trade. The exchange uses several security measures for allowing Bitfinex users to trade in a safe and reliable environment. For example, almost 95% of the clients’ funds are kept in cold storage to ensure security. All the data, both old and new, are kept in a secure server, and an expert onsite security team is entrusted with the responsibility to look after the server’s security, which is yet again protected by DDoS protection.

Is Bitfinex regulated?

No, the Bitfinex exchange is not regulated but is one of the top exchanges in the world. The company operates in Hong Kong and is registered in the British Virgin Islands.

Can you withdraw from Bitfinex?

Yes, traders have the option to withdraw USD from Bitfinex at their discretion.

How long does a withdrawal take at Bitfinex?

It may take a maximum of 12 hours to process a withdrawal at Bitfinex; however, it does not normally take more than 2 hours in general.

Which countries can use Bitfinex?

Most of the supported countries in the world can avail themselves of Bitfinex exchange services except the following countries like Bolivia, Bangladesh, Ecuador, and Kyrgyzstan. As of November 2017, the Bitfinex exchange has also stopped serving clients in the US due to the stringent regulatory policies in the US.

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Cryptocurrency Exchange

Swapzone Review 2021

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The exponential rise in the number of cryptocurrency exchanges in the market often results in a foggy environment. Choosing the exchange with the best set of features for any given transaction might challenge the users. And various platforms have been devised to simplify this task through aggregation and filtered sorting.

Swapzone is an example of such a platform. Swapzone traverses across the cryptocurrency and blockchain marketplace intending to collect all the data and other key variables such as exchange rates, the time required for transactions, exchange pairs, etc. This data is then presented to the users or individuals who can then choose the exchange which gives them the best results and desired output. This Swapzone review will cover everything about it, like its features, security, services, fees, pros and cons, and many more.

Quick Overview of Swapzone

  • Swapzone is a platform that aggregates the exchange information from various cryptocurrency exchanges and also recommends the better performing exchanges to the individuals based on distinct factors.
  • The exchange aggregator gathers information regarding the exchange rate, the trading price for various crypto trade pairs, and average customer reviews or ratings.
  • The exchanges shown through the Swapzone can be sorted based on the exchange rate, delivery time, or overall rating of the platform.
  • Swapzone is non-custodial and constantly monitors the market for fluctuations and other dynamic aspects for aggregating & suggesting exchanges.
  • The exchange aggregator also highlights the money that can be saved through some exchanges over others which can be a valuable feature for beginners.
  • Swapzone supports over 300 crypto assets and multiple dozens of currencies to provide the content for.

What Is Swapzone?

Swapzone is an independent and non-custodial crypto exchange aggregator that scans the network of all the registered crypto exchanges worldwide and presents a list of all the platforms that support the selected trading pairs. Individuals are provided with a detailed list of all the exchangers and the rates (& trading fees) they charge from the users for respective transactions.

Swapzone is a powerful tool that can help users make an informed decision and make the most out of their crypto conversions and trading. The list of exchange partners shown on the platform also has a feature that enables the individuals to review any exchange on Swapzone’s platform itself, saving a few steps for other individuals (and eliminating the need for checking their corresponding reviews on different websites or portals).

Swapzone Review - Platform InterfaceSwapzone Review – Platform Interface

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How Does Swapzone Work?

Swapzone uses the open APIs (application programming interface) provided by the exchanges to generate the users’ data. The platform sends in a request to the respective exchanges for the transaction entered by the individuals and fetches information for the same. Open APIs are becoming relatively common practice for numerous exchangers as they can expand any exchange’s reach beyond its platform. These APIs can also bring in new users when properly used, as is the case with Swapzone.

When calculating the average delivery time or the time for a transaction to complete, Swapzone uses a specific formula that takes assets, their confirmations, and few other variables into account for producing a time approximation.

Swapzone Review - How Swapzone Works?Swapzone Review – How Swapzone Works?

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Why Use Swapzone?

Swapzone has been gaining popularity due to the list of features that it offers and the ease of access that it provides for the individuals by collecting all the data from various exchanges and presenting them in a manner where the users can experience a seamless way to choose the crypto exchange that would best suit their needs. Cryptocurrency pairs can be effortlessly compared before swapping or trading by the investors without the problem of going to dozens of websites and portals to get a profitable trading option. Another reason to go with Swapzone would be the price standpoint. Swapzone is a free platform and does not require individuals to create and log in to their accounts.

What Makes Swapzone Unique?

Swapzone has streamlined the process of trading cryptocurrency for investors of all kinds. In addition to being an aggregator, the company has offered options for trading over 300 assets (altcoins and tokens).

Swapzone is also a highly scalable tool as its APIs can be integrated by other users on their own media portals such as websites. It does not charge a fee from the individuals for sharing the data, which is one of the reasons the visitors of the website can find the best solution for them without any commitment to the company or its products.

Is Swapzone Regulated?

As Swapzone is a non-custodial aggregator, the regulations that come into question are primarily the ones that are applicable on the cryptocurrency exchanges. The regulations are also a result of the nations and geographic locations where the exchanges operate. For instance, the US is much more welcoming towards various platforms because they follow the local regulations, whereas other countries such as the Indian subcontinent have illegalized the domain entirely.

Features of Swapzone

  • Swapzone has about nine exchange partners whose content is used to serve the customers. It also has a review page on the renowned rating portal, Trustpilot, which implies the one that also gets reviewed.
  • Swapzone allows the individuals to sort the information based on three factors (for some added customization in terms of sorting the information).
  • Its characteristic non-custodial operation means that the assets are not stored on Swapzone, making it less prone to hackers or cyber perpetrators.
  • Swapzone enables individuals to use its API and integrate it into other platforms as per the users’ wishes.

Swapzone Review - Features of SwapzoneSwapzone Review – Features of Swapzone

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Services Offered by Swapzone

Swapzone offers various services to individuals through its website, and all of those services are complementary to use for any individual without having to create an account with the platform. These services include a thorough comparison of rates for countless trading pairs, a detailed and rigorous estimation for trading coins and tokens across the marketplace. It can also be used to swap assets. The swap service, along with other offerings from the platform in a single interface, is one of the things that makes it such a valuable and advantageous tool.

Swapzone Review: Pros and Cons

Pros Cons Swapzone is a powerful digital tool for the comparison of blockchain-based assets and their respective trading prices. Some of the crypto exchanges are not supported, which might be a limiting factor. Swapzone is free to use and does not require individuals to pay for any membership etc. The future of the platform is uncertain without the growth and compatibility update from the team. Swapzone brings over 300 assets to its list of trading comparison catalogs. There seems to be a lack of an affiliate program, although it might not be a big deal in this case. The platform uses transparent and somewhat reliable formulae to generate its various metrics for crypto exchanges.

Creating an Account With Swapzone

It is a platform where the individual does not require to create an account or sign up on the platform. Anyone can access wikibinhduong.com without setting up an account and going through the tedious process that most other platforms need for the users to go through.

Buy/Sell Cryptos with Swapzone

As the name suggests, Swapzone is a platform that focuses on swapping digital assets instead of buying or selling them in exchange for fiat currencies. The users can swap the currency they wish to exchange with any supported assets through the platform.

How to Exchange Cryptos on Swapzone?

To exchange cryptocurrencies or any crypto asset on Swapzone, the users can follow a straightforward approach. Interested individuals can go to Swapzone’s website (Swapzone.io) and enter both the assets (including the one to be exchanged and the one to be exchanged with) along with the desired amount of asset that is being exchanged for the other.

The platform then generates a list of all the exchanges to achieve this transaction where the users can go through the array of features and specifications of each of these exchanges and choose the one that would serve them the best. Post this, and the users will have to enter their wallet address for the crypto to receive and proceed to exchange.

Swapzone Review - Exchange Crypto with Best Rate at SwapzoneSwapzone Review – Exchange Crypto with Best Rate at Swapzone

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Swapzone Fees

The fees that are charged from the users to swap through the website are not fixed. It does not charge any fee from its users, although the exchanges used to swap charge their fee from the individuals. This fee can depend on many factors like the pairs in question, network conditions, demand/supply, etc.

Swapzone Deposit and Withdrawal Method

On the platform of Swapzone, there is no way for the users to deposit fiat currencies in exchange for crypto. The users must have cryptocurrencies beforehand if they wish to use the platform. Similarly, the withdrawal depends on the exchange rates that the users are dealing with in the first place. wikibinhduong.com does not store any assets and thus, does not charge any fee for the withdrawal, but the exchange rates might have their fee associated with withdrawals.

Swapzone Supported Cryptocurrencies & Countries

The cryptocurrencies that Swapzone supports form one of the biggest pools to choose from. With over 300 assets (300 altcoins while tokens being separate), Swapzone is a platform with one of the most diverse ranges to select from while crypto swapping.

While the website itself can be accessed from most nations with no criminalized or illegalized cryptocurrency, the supported exchanges might depend on the region. If the local region does not support some exchanges, they might not be visible to every user.

Swapzone Reviews - Supported CurrenciesSwapzone Reviews – Supported Currencies

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Swapzone Trading Platform

The trading platform that Swapzone has built is a highly interactive and intuitive one. The user interface is relatively easy to use, even for beginners. Primarily based on a dark theme look-n-feel, It offers an all-in-one platform for exchanging crypto assets. The platform is currently only available through the website and requires merely a computer and a browser to operate.

Swapzone Mobile App

Despite its popularity, Swapzone does not have a mobile application yet (at this blog). A mobile application might be under work behind the scenes, but the users would have to use the website to use the trading platform as it stands now.

Swapzone Security

Swapzone appears to be a secure platform for exchanging crypto, and this comes as a result of two primary features. First, the platform does not require users to sign up or log in. Thus, there are virtually no accounts or credentials that can be hacked or overtaken. Secondly, the platform does not store cryptocurrencies which means it is unlikely to get attacked by any illicit element.

Swapzone Customer Support

Swapzone has been observed to have excellent and reliable customer support. The support team can be reached through several different channels, including third-party sites such as wikibinhduong.com. The users’ issues have been timely replied to and resolved (wherever possible) by the brand and led by excellent experienced staff. The online presence implies a reliable platform that is backed by a dedicated and responsive team. And, also to solve any queries you can refer to the official sites’s FAQ section.

Swapzone Reviews - Customer SupportSwapzone Reviews – Customer Support

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Swapzone Review: Conclusion

Swapzone is the best crypto exchange that offers an unfathomably long list of altcoins and assets on the platform. Users who already have cryptocurrency can be a game-changer for swapping cryptocurrency and must be considered by everyone before swapping their assets.

Swapzone Reviews - About SwapzoneSwapzone Reviews – About Swapzone

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FAQs

Is Swapzone Legit?

Swapzone is a platform that does not store or mine crypto, but it simply provides an interface to exchange crypto through the respective cryptocurrency exchanges. It would be more apt to question the legitimacy of the exchange itself. Partnered with different renowned and reputed exchangers, Swapzone has become a reliable source of trading while taking all the market offerings into account.

How to Use Swapzone?

To use Swapzone, users can simply visit their website, select the asset they want their crypto swapped with and then enter the amount they wish to exchange. As the next step, individuals have to fill in their wallet address and confirm the transaction.

Why to Choose Swapzone?

Swapzone offers over 300 crypto assets for exchange/swapping while sharing the best exchange rates and time intervals for transactions. The individuals who want to make the most out of their exchange would undoubtedly find it a handy tool.

What Coins Does Swapzone Support?

Swapzone supports more than 300 altcoins, and the entire list can be found on their website.

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