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Bitfinex

A platform that focuses on technology in the field of trading. It is one of the first cryptocurrency exchanges, the founding date is 2012. The platform has 200 different tokens, 400 pairs for spot trading and 60 open-ended futures contracts. The goal of the platform is not just to create an environment for trading and storing cryptocurrency, but to make everything as convenient and fast as possible from the technical side. For example, there's an option for algorithmic orders here.

Since this exchange works not only with private traders, there are two types of accounts: individual and corporate. The platform offers margin trading, derivatives, securities trading, staking options and, of course, P2P trading. To gain access to P2P trading, you need to be verified to the Basic Plus level

There are 5 cryptocurrencies available on the P2P section: BTC, ETH, EURt, USDt and XAUt, as well as 15 fiat currencies. There are no roubles among them, but there are yuan, lari, lira and Vietnamese dong. Payment methods are different: bank transfers, payment systems (Wise, Western Union, Zelle, there is even cash. But there are very few adverts - and mostly for the sale of cryptocurrencies. Without "basic plus" verification, you can view a limited number of ads - if you try to download more, a KYC notification will pop up.

News of Bitfinex

All news

Total information

OPENING DATE
12/1/2012
STATUS
Available
STATUS ON MONETORY
Not connected
Class
Ecosystem
Type
Custodian
Exchange
Spot trading, Derivatives, Instant exchange
Format
Web, Mobile App

Liquidity

OFFERS ON MONETORY
Liquidity
Low
Popular P2P fiat currencies

KYC and regulation

KYC
Hard
After registration, for which you need to confirm your email and set up two-factor authentication, there are 3 levels of KYC. Without verification, you will only be able to view ads, and a limited number of them - and also to familiarise yourself with the features of the exchange.

At the first level, you need to provide your passport and selfies. It takes a few minutes, after which you will be able to trade on P2P.

At the second level, you will have to confirm your address, which can be a utility bill, insurance or a document from a government agency. KYC 2 will allow you to trade derivatives and two accounts: a margin account and a collateral wallet.

And after KYC 3 you will be able to make bank transfers. For full verification you need a bank statement. Verification of the second and third level takes 2-3 days.
KYC conditions on Bitfinex

About regulation

Restrictions
Citizens or residents of the United States, Canada, British Virgin Islands, Austria, Italy, the government of Venezuela, residents of Iran, DPRK, Cuba, Syria, and those living in Crimea cannot use Bitfintex services.
All restrictions

P2P trading

Coins P2P

Terms and commissions

CurrencyMakerTaker
0.25%0%
0.25%0%
0.25%0%
Commissions on Bitfinex

Additional Information

BTC, Liquid, Optimism, Arbitrum One, Algorand, AVAX-C, Polkadot, Kava, Near, Polygon, Solana, Tezos, zkEVM, ETH, Omni, EOS, Tron, BCH
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