Introduction to Bitfinex Exchange
Bitfinex is a digital asset exchange registered in the British Virgin Islands and headquartered in Hong Kong. Bitfinex, also known as "Green Leaf Exchange" in Chinese, was once one of the largest exchanges in the world and is currently owned and operated by iFinex. iFinex is the parent company of Tether, the issuer of the well-known stablecoin USD T (Tether). In the stablecoin market, USDT has a market share of more than 50% and is an indispensable part of digital asset trading.
Bitfinex's mission is to provide users with the ultimate digital asset trading experience. In order to achieve the goal of providing an excellent digital asset trading experience for professional traders and liquidity providers around the world, Bitfinex focuses on improving cutting-edge technology. On Bitfinex, you can trade digital assets, derivatives, and many other trading methods. In addition, Bitfinex also provides storage and withdrawal services for a variety of digital assets, and provides users with an efficient and secure trading environment.
Founder of Bitfinex exchange
Bitfinex was founded by Giancarto Devasini and Raphael Nicolle.
Advantages of Bitfinex Exchange
1. Customizable interface
2. Margin trading and financing
3. Perpetual Contract
4. OTC Trading
5. Loans
6. Order Tools
7. Professional connections
8. Enhanced reporting framework
Bitfinex Disadvantages
In addition to its advantages, Bitfinex also has some shortcomings, such as the unfriendly interface, which may take some time for novices to use; Bitfinex and Tether had some connections in the past; Bitfinex has been attacked by hackers before, etc.
Therefore, users need to carefully evaluate the risks and security of the exchange and take necessary security measures to protect their assets.
Is Bitfinex safe?
Historically, Bitfinex has been hacked many times in the past. For example, in 2018, Bitfinex was hacked and about 120,000 Bitcoins were stolen from it. This incident led to a crisis of trust in Bitfinex. In order to regain the trust of users, Bitfinex later launched the BFX token to compensate those customers who suffered losses.
Since then, Bitfinex has continuously improved the security of its systems, improved its audit process, and reduced the "attack surface" of its infrastructure. Currently, Bitfinex is considered a safe digital asset exchange with strict security technical measures to protect users' funds, using email and two-factor authentication to upgrade account security.
Steps to register a Bitfinex account
1. Open the Bitfinex official website (https://www.bitfinex.com/) and click the “Register” button in the upper right corner.
2. On the registration page that pops up, enter your email address and set your account password, and agree to Bitfinex's User Agreement and Privacy Policy.
3. Then click the "Open Account" button. Enter general information. If you have a referral, you can fill in the referral information. You can enjoy a discount on transaction fees. Generally, you do not need to fill it in.
4. On the next page, you need to enter your personal information, including name, date of birth, nationality, address, etc. Please make sure the information you enter is accurate.
5. Verify your email, open your email, and look for the verification email. If you don’t find the email in your inbox, go to your spam folder to see if it has been filtered.
6. Once the email verification is completed, the registration is completed.
Bitfinex 2FA Security Tutorial
You need to set up account security measures, such as enabling two-step verification (2FA) and setting a fund password. These measures can help protect your account from being stolen or other security threats. The so-called two-step verification requires users to pass a second level of verification code before logging in. Even if your account password is leaked, the other party cannot log in and steal your account because they cannot pass the 2FA verification. The following is a demonstration using Google Authenticator.
1. On the Bitfinex 2FA settings page, you can choose to click “Install” to install Google Authenticator on your computer, or you can download the app using your phone.
2. Open the Google Authenticator app and scan the QR code on the Bitfinex page. The app will generate a six-digit verification code and enter it into the Bitfinex verification to enable 2FA.
3. The system will send a confirmation email. Click "Activate 2FA now" in the email to complete the security settings of 2FA secondary verification.
After that, when logging in, you will need to enter the number on Google Authenticator for a second verification to ensure the security of your account.
Bitfinex Customer Service
Twitter: https://twitter.com/bitfinex
Telegram: https://t.me/bitfinex
Instagram: https://www.instagram.com/accounts/login/?next=/bitfinex/
Facebook: https://www.facebook.com/bitfinex1