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Bitfinex: Cryptocurrency Exchange User’s Guide For Buying & Selling?

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About Bitfinex Cryptocurrency Exchange

Bitfinex is the world’s major Bitcoin exchange by volume. With a market volume share of 39.12% of the total cryptocurrency exchanges’ market share, larger than the share of its nearest competitors all combined. Including Coinbase with a market share of 23.28% and Bitstamp, with a market share of 15.49%. Huge trading volume is vital for traders as it certify a low spread, which is the difference between the best bid and ask prices.

Courtesy of Bitcoinity.org.

Bitfinex is a Hong-Kong based exchange established in 2012 by Raphael Nicolle. The exchange is one of the most common cryptocurrency trading platforms in operation since the inception of cryptocurrencies. Bitfinex caters more for intermediate and advanced traders as well as organizations and offers a wide variety of tradable crypto-assets and trading pairs

At present, the exchange accounts for a 24-hour trading volume worth around 42,464 BTC, with 62.26 trades per minute. These high trading volumes and rates of execution of orders are a result of high scalability of the platform designed and built by an exceptional group of experts dedicated to providing a high level of services for traders by utilizing a wide coin selection, low fees, and a comprehensive interface. The exchange also allows fiat deposits and houses a variety of cryptocurrencies with approximately 76 market pairs active on the platform.

Unfortunately, the team behind the exchange recently decided to discontinue provision of services to residents of the United states, and focus on their users in other parts of the world.

Key Features Of Bitfinex

Functionality

Bitfinex runs an up-to-date, responsive, and all-inclusive interface. The dashboard present users with state of the art tools, incorporating Trading View charts and an elegant, and responsive mobile application available on both Android and iOS platforms.

Security 

As one of the oldest exchanges platforms in operation, it’s obvious that Bitfinex has experienced some security challenges. The exchange experienced the first major hack on May 2015. On this occasion, the hacker was able to amass a whole 1500 BTC from the hot wallet controlled by the exchange. However, the lost funds were quickly refunded by the exchange. A later hack attack proved to be more challenging, as the hacker was able to evade the security on the platform, exploiting a vulnerability in the multi-signature system stole a whooping sum of 119,756 BTC, which were worth an approximate $72m at the time.

To counter these trials, the team were forced strengthen the security by choosing to closely monitor withdrawals in order to help stay off attacks. The security system was re-built to monitor withdrawals by IP addresses and other behavioral patterns that trigger manual inspection on unusual withdrawal.

As a brilliant move to stay off hot-wallet attacks, Bitfinex rations 99.5% of its client funds offline in a cold storage system that employs a multi-signature function that is purely distributed across multiple secure locations, leaving only 0.5% of crypto assets being accessible in hot wallets.

Another security measure employed is that traders can whitelist one or more addresses to warrant that withdrawals can only be sent to that particular wallet address to avoid unusual withdrawals. Bitfinex also claims that it uses a withdrawal confirmation step that is resistant to malicious software from web-browsers.

Bitfinex site also employs efficient database encryption algorithms in addition to the Distributed Denial of Service (DDoS) protection to ensure that trades cannot be ceased by an external effect. Customer accounts are also strengthened via the use of Two-factor-authentications, Pretty Good Privacy (PGP) encryption mechanisms and a host of advanced verification tools designed to monitor changes in accounts activity.

Fees

Bitfinex fees are relatively very low when compared to various exchange platforms in the crypto-space, as its standard for large, trading-intensive exchanges. According to Bitfinex.com, Maker fees are paid when liquidity is added to the order book by placing a limit order below the ticker price for a buy, and above the ticker price for sell. While Taker fees are paid when liquidity is removed from the order book by placing an order that is executed against the demand of the order book.

The table below summarizes the trading fee structure of the exchange as structured by Bitfinex:

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES
$0.00 or more traded 0.001 0.002
$500,000.00 or more traded 0.0008 0.002
$1,000,000.00 or more traded 0.0006 0.002
$2,500,000.00 or more traded 0.0004 0.002
$5,000,000.00 or more traded 0.0002 0.002
$7,500,000.00 or more traded 0 0.002
$10,000,000.00 or more traded 0 0.0018
$15,000,000.00 or more traded 0 0.0016
$20,000,000.00 or more traded 0 0.0014
$25,000,000.00 or more traded 0 0.0012
$30,000,000.00 or more traded 0 0.001

 

Note: If you place a hidden order, you will always pay the taker fee. If you place a limit order that hits a hidden order, you will always pay the maker fee.

Margin trading

Bitfinex also allows users to trade with up to 3.3x leverage, borrowing funding from the P2P margin funding platform to boost their trades.

Bitfinex allows traders to borrow the desired amount of funding for a particular entered trade, at the percentage and time interval of their choice, or they can simply open a position and Bitfinex will take out funding for them at the top attainable rates.

The margin trading market affords traders a means to earn interest on both the crypto and fiat currencies by providing funds to traders wanting to trade with leverage. Traders can then offer to fund at the rate and duration of their choice, or they can simply lend at the gaudy return rate. You can visit this page to know how margin trading works on Bitfinex.

The node-website BFXUSD offers useful tools for plotting rates of interest over time and calculating potential returns. It’s for the individual to decide whether the potential returns are worth the risk of another hack.

Margin Funding

For non-traders who prefer a safer investment plan, then the Bitfinex Margin Funding feature might the best option to choose. Using the funding wallet, users have the ability to provide funding to margin traders, in any of margin supported currencies on Bitfinex, while receiving interest on their holdings without being subjected to the risks of active trading.

Users can enter offers with their own chosen strategies. When the set offer is accepted by a margin trader, the money in the user’s Funding wallet will be used by the trader to buy or sell bitcoins (open a position) on margin. When the trader completes his or her trade by closing the position, the currencies are bought or sold back and the money, plus added interest, will be returned to the owner’s wallet.

Customer Support

Users are currently served by a support team that is available 24/7 via email. The team aims to answer queries within 12 hours, but responses can take much longer. In addition to this, there’s a  knowledge base section that covers the most pressing issues alongside other question and answers pages available on the website.

Supported Currencies

Bitfinex supports about 72 trading pairs linked to the four base currencies of USD, EUR, BTC, and BCH available on the site. The table below summarizes the number of currencies and tokens currently traded on Bitfinex:

Aelf Ethereum 0x Basic Attention Token
Tron Ethereum Classic Status Metaverse ETP
SingularDTV Zcash Golem NEO
iExec Monero YOYOW Bitcoin Cash
Ripio Credit Network Litecoin QASH Chain Split Tokens – Segwit2x
Augur Dash Stream Chain Split Tokens – Bitcoin Unlimited
Time New Bank Ripple Bitcoin Gold OmiseGO
Decentraland IOTA Eidoo Sentiment
SpankChain Recovery Right Token Aventus EOS
FunFair Chain Split Tokens Qtum Bitcoin

Bitfinex Funding and Withdrawal Options

The only way to deposit fiat Dollars is via bank wire transfer. Bitfinex charges a 0.1% fee on all bank wire deposits, with a minimum fee of $20.

Getting Started With Bitfinex

Bitfinex Sign up and Login

Before creating an account, it’s necessary to read the pop-up box that appears and agree to the terms and conditions. The instructions contain a temporary minimum account equity of $10,000 USD as shown in the image below. New accounts are not allowed to trade or perform any platform-specific action until they reach this amount. In addition, for a new user to gain access to fiat deposits and withdrawals, he/she must agree to undergo a proof-of-identity process which may take up to an average of 6-8 weeks to complete.

  • Once you have ticked all the necessary boxes in an agreement to the above conditions, you can move onto creating your account.
  • Next, follow the instructions in the empty boxes provided to enter your username, email address, and password, your time zone and the unique captcha text as shown at the time of registration.

Secure Your Account

After creating your account, it is from the best practice to optimize your security before funding the account. Bitfinex provides an advanced range of security features that users can enable to increase their account security and further protect their funds:

  • At least, it is recommended for all users to create a very strong, unique password for their accounts, and to combine.
  • The second level of security is the use of two-factor authentication with Google Authenticator application available on both Android and iOS devices.
    Note that, if you are setting up your authenticator for the first time, it is important that you write down your 2FA key made visible during the setup process, saved (offline alone) in a secure location. This will enable you to recover your account in-case your 2-FA device gets lost. A failure to do this can result in account lockouts lasting days.
  • Withdrawals locked when a new IP address is detected from the user sending queries.
  • Setup a withdrawal confirmation phrase.
  • If a threat message is triggered, the exchange can:
    1. lock or disable withdrawal addresses for all currencies.
    2. Disable “Keep Session Alive”.
  • If there has been a corrupt practice recorded from your IP address, a limited access can be placed on your account based on IP address.

For more information on how to thoroughly secure your Bitfinex account, visit the Security section of the Bitfinex Knowledge Base.

Making A Deposit

Once your account is fully secured, you can begin to fund your account by locating the “Deposit” button in the upper right-hand corner. Clicking the deposit button takes you to the deposit page where you can choose fiat ($USD), Tether or from a list of cryptocurrencies available to make a deposit.

Fiat Currencies

Note that your account must be verified as discussed above, before you can make a deposit of fiat currencies (USD or Euro). You can verify your account here.

Cryptocurrencies

For cryptocurrencies, you need not go through any further verification before making deposits of your cryptocurrencies.

To fund your wallet:

  • Click on the Deposit button on the top right corner of your Bitfinex account interface as marked with the red box below.

Note that there are three (3) wallets to choose from, which are:
1. Exchange Wallet is used for buying & selling supported cryptocurrencies on the exchange.
2. Margin Wallet is used when trading on margin.
3. Funding Wallet is used when providing financing for other margin traders.

  • Select one of the 3 available wallet addresses mentioned above

Note:
1.
The most common type of wallet is the exchange wallet, which is used when buying and selling any of the supported digital currencies by Bitfinex. It is simple and free to move funds between the three wallets. It is the most basic wallet of all three.
2. Also, for each deposit, you can use a single deposit address and continue to use the same one permanently. You may also use the ‘Change Address’ button to generate a new deposit address, and the old addresses will still remain valid for accepting deposits.

  • Copy the deposit address for the wallet of your choice. Choose Copy to Clipboard when copying the address to ensure the address is copied correctly.
  • Open the external wallet from which you wish to access your funds and send the funds (e.g. using Coinomi) and paste your Bitfinex deposit address into the application as the transfer destination. It should be noted that sending funds (in cryptocurrencies) from an external exchange is not encourage, as it may be difficult to track in case there is an error in transfer. It is rather encouraged to send from a stand-alone wallet.

Making A Trade

Once your account has been funded, it’s possible to click on the ‘Trading’ button (shown with the red box in the image below) and select the pairing that you prefer. From here you can determine the quantity, price, and type of order that you would like to execute.

To execute a trade:

  1. Make sure your funds are in your exchange wallet. To transfer funds to your Exchange wallet, follow the steps outlined here.
  2. Click on Trading from the main page and select the pair you wish to trade (e.g. USD/BCH – buying USD using BCH)

  1. In the Order Form, select the Exchange tab.
  2. Specify the Order Type, Order Size, and Price.
  3. To make things simpler you can choose Market Order, resulting in your order being executed immediately at the current market price.
  4. When you have specified the type of order, size and price, simply click Exchange Buy or Exchange Sell to execute.

 

The above depiction shows an Order being filled for the USD/BCH pair. Note that one can choose between Exchange (“normal” buying and selling) or Margin (trading on leverage.) just by toggling between the two at the top right marked by the red rectangle.

Making a Withdrawal from Your Account

When you are finished trading and wish to withdraw your funds to a personal wallet or bank account, you can do so through the Withdraw function on your Bitfinex home page.

Basically, you can either withdraw cryptocurrencies or fiat currencies from your account. However, the two withdrawal options come with different conditions.

Fiat currencies

To withdraw fiat currencies (USD or Euro), your account first needs to be verified. After verifying your account, simply make your way to the withdrawal page, pick a currency (USD, Euro) and fill in your wire information (name, address and banking details).

The fee structure for withdrawing fiat currencies is 0.1% of the amount withdrawn, with a minimum $50,000. This is as a result of the announcement made by Bitfinex team on 12th May 2017.

Cryptocurrencies

To withdraw cryptocurrencies:

  1. Navigate to the withdrawal page from here.
  2. Select the Currencyyou would like to withdraw. For a list of available tokens.
  3. Enter the amount you wish to send in the “Send Amount” field
  4. Choose which of your 3 wallets you will be withdrawing from.

Note: As mentioned above, there are three wallets from which you can make deposit or withdrawal on Bitfinex

  1. Enter the receiving address into the “Address” field,
  2. Click on the “Request Withdrawal” button.

Note:

  • The first checkbox associates to locking a withdrawal address as described to be one of the security measures employed by Bitfinex above. It allows traders to lock a specific address so that no withdrawals could be sent to that address without permission.
  • The second checkbox allows your withdrawals to be automatically processed. This requires setting up your security measures to a more robust profile than you may currently have implemented.
  • Once the amounts are calculated, you can then click on the fiat amount populated to the right of the “Receive Amount” and adjust the received amount based on the currency value as shown below:

  • The Send Amount entered at the top of the form will then be debited from your wallet balance, and the Receive Amount at the bottom of the form is the amount that will be received by the recipient address.
  • The above process is identical for all other cryptocurrencies except Monero (XMR) and Ripple (XRP).
  • With a Monero withdrawal, a Payment ID is usually required to associate your transaction with your account.  Sometimes, if a Payment Tag or Payment ID is required by the receiving address, Ripple requires a TAG to be associated with the transaction. However, if no Payment ID or Tag is required by the receiving address, then you can select the checkbox, “No Recipient Payment ID” or “No Recipient Tag“.
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Bitcoin Volumes Finally Grow Again and Bitfinex/Tether Issues Spark Systemic Risks, New Diar Report Affirms

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Diar has recently published its report of the crypto market for April. According to the company, Bitcoin volumes are finally growing again and the whole situation with Tether and Bitfinex showed the industry some of its systemic risks. DAI fee hikes and stablecoin projects were also highlighted in the report.

Bitcoin Goes Back To Growing Again

The main highlight of the month is, obviously, that Bitcoin is back on the action. After facing lows which started in 2018, the token has finally been able to effectively reverse the trends and have an actual price surge this month, going from less than $4,200 USD to over $5,200 USD during this short timeframe.

With this, the number of on-chain transactions has spiked for three months in a row, since prices started to get some of their value back in March and April. Now, transaction volumes are around their levels in June 2018 when the price of the asset was around $7,000 USD.

However, charts indicate that Bitcoin is yet to find more footing outside of speculative trading, so the bull market may not be as near as some think.

When looking at the volume of the whole quarters, Q1 2019 had lower volumes than Q4 2018, but Q2 2019 started considerably well.

Bitfinex and Tether Start Concerns of Systemic Risks

As you may have heard, Bitfinex was accused of using Tether funds to cover up its losses. According to Diar, there is a 26% shortfall of in-cash reserves to back Tether tokens (USDT). Tether loaned $850 million USD to Bitfinex to cover up losses and its general counsel Stuart Hoegner has affirmed that the company is operating with fewer reserves than the total market cap of the token.

This happened because Bitfinex had the $850 million USD “seized” by Crypto Capital, one of its payment processors. Unless Hoegner is lying, though, the company had the assets to back the stablecoin until recently.

While it is clear now that Tether simply does not have the money to back the funds, people simply keep buying the tokens. Now, instead of all cash, some shares of Bitfinex are being used to represent the rest of the value, which makes the stablecoin enter securities territory for the first time.

Curiously, the markets are all very tolerant now since the prices are still stable but the systemic risks are clear, especially if other companies are to follow Tether’s path.

DAI Hikes Fees Once More

Another situation highlighted by the reports is that DAI has decided to upgrade its stability fees once again as the community is desperately trying to make the prices of the so-called stablecoin go up again. DAI tokens are being sold for less than $1 USD, their official price, on secondary markets.

At the moment, the fees are 16.5%, after increasing three times in only one month. Before April, the fees were only 7.5%. This has resulted in a decrease of 4.9% in the circulation of DAI tokens.

Stablecoins Eye Wider Use Cases

Gemini and Harbor, a A16Z tokenized securities platform, have started a partnership in order to get more clients for the Harbor stablecoin. However, this was deemed “too soon” by Diar, as Harbor does not have any known token right now. The only one the company had was canceled.

TrustToken is also trying to get more stablecoins on its list, especially the ones that are not focused on USD, but on several other fiat currencies like HKD, CAD or GBP instead.

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#DropGold Campaign to Hit Your TV, Here’s A Breakdown of the Underlying Bitcoin Message(s)

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Grayscale, a leader in digital currency investing, launched an ad on Wednesday, May 1, telling investors that money should be contributed to Bitcoin holdings as opposed to gold. In a number of interviews, CEO of Grayscale’s parent company (Digital Currency Group), Barry Silbert and Managing Director of Grayscale, Michael Sonnenshein, have since expressed the underlying message of the ad.

The #DropGold Ad

According to news outlet, U Today, the ad starts off with a man holding gold bars in his arm, which he decides to drop. While doing so, a woman also does the same. Throughout the ad, people supposedly have their gold bars stacked in shopping carts, while “losing their gold coins.” Watching what’s about to unfold, the two individuals try to find their way out.

Advertising Bitcoin or Grayscale’s Services?

Despite being the one to have introduced this campaign, Silbert argues that it isn’t entirely about Grayscale services, but rather said services being a result of consumers’ decision. Yahoo Finance has since quoted the following comment made by Silbert himself:

“We do not see this as a Grayscale commercial. For us #DropGold is our ‘Got Milk’. This campaign is first and foremost focused on starting a conversation about bitcoin vs gold. If the ad makes people want to get into Bitcoin, we’re completely indifferent about how they go about doing it.”

Having said this, the commercial is evidently portraying Grayscale as an option, as towards the end, one is told, “Go Digital. Go Grayscale.”

Silbert’s and Sonnenshein’s Arguments Regarding Gold’s Limitations

Silbert believes that this campaign works towards addressing the fact that Bitcoin can serve as an equal asset class as gold, if not better. In particular, he was quoted saying, “But now you have Bitcoin, which, in our opinion, provides all the same attributes as gold – it’s fungible and scarce and you can’t counterfeit it – but the big difference is that Bitcoin has utility. Gold doesn’t have much utility beyond jewelry.”

He further argued that the goal here isn’t to replace fiat currency for shopping purposes, but rather to show the world that Bitcoin does a better job at doing gold’s job and this will be evident in the long run. Although he has acknowledged Bitcoin’s volatility as being concerning, he is hopeful that it will one day serve as both an ideal utility token and store of value.

As for Sonnenshein’s viewpoint, he sees this ad as revealing the “absurdity” associated with gold. More specifically, he said:

“We’re going after a narrative around gold being where investors should go when markets turn south or as a hedge against inflation […] we’re highlighting the absurdity of gold.”

As per The Block Crypto, Grayscale also tries to convince investors that the return earned from redistributing 5% of gold to Bitcoin will be greater than 5% yearly.

What are your overall thoughts on this ad? Did it leave you asking yourself, “Why did you invest in gold? Are you living in the past?” Share your thoughts below!

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Huobi Pro Bitcoin Exchange: Cryptocurrency Asset Trading Platform?

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Huobi Pro Cryptocurrency Exchange

Founded in 2013, Huobi Pro allows for a myriad digital currencies to be exchanged, at a 0.2 percent trading commission. Loyal users point to the low fees and stellar service that make the exchange stand out above others.

Although pitched at dedicated cryptocurrency enthusiasts since the site doesn’t accept fiat currencies many who enter the realm on the back of fiat end up at Huobi Pro, largely due to its diverse offering and favorable fee structure.

Huobi Pro in A Nutshell

A victim of China’s clampdown on digital currencies, the company might be registered in the Seychelles, but was originally founded in Beijing. As testament to the broad appeal of the platform, after the Chinese regime effectively banned all things crypto at the beginning of 2018, trading volumes have only grown.

While at first very much a Chinese company looking at the home market, Huobi Pro has been forced to find a wider marketplace on the international scene. Indeed, even prior to the official cessation of altcoins and their trading, the company heard the rumblings in 2017 and took its cryptocurrency interests abroad.

Huobi now provides exchange services to users in over 130 countries. Company offices are located in the USA, Korea, Japan, Singapore and Hong Kong. Although the Huobi Group also owns and manages the Huobi Autonomous Digital Asset Exchange (HADAX), Huobi Pro is more of a pure “login and trade” exchange.

Users can employ network tokens to cast votes on adding new altcoins on HADAX. On the Huobi Pro exchange, a simplified offer encompassing all of the mainstream altcoins greets visitors. Some more popular coins offered are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), NEM (XEM), NEO (NEO), Qtum (QTUM) and Ripple (XRP).

That said, when one actually tallies the number of altcoins available for exchange, it becomes apparent why loyal followers value the site. A marriage of both simple ease of use and diversity in trading, the platform is largely welcomed by newcomers and experienced enthusiasts alike. In the current melee of regulation being contemplated, implemented and tweaked all the while, some users may be precluded from trading on the exchange based on their country of residence.

Huobi Pro accepts the funding of accounts only in digital currencies, and accepts deposits in any of its listed altcoins. Unlike other exchanges that have opted for a midway between crypto and fiat, Huobi Pro traders deal strictly in digital coins at every point of a transaction. Funds need to be withdrawn to a wallet, and fiat users looking to buy in will have to establish a wallet first in order to fund their Huobi Pro trading account.

Traders pay a maker or taker fee of just 0.02 percent using the exchange. There are more detailed offers, worth looking at for daily traders with volume.

Huobi Pro Membership Levels

VIP users get preferential platform trading fees if they buy the privilege with Huobi tokens. The Huobi Token (HT) was never an ICO token, but rather a system token that users only obtain by buying “Point Cards” on the Huobi Pro platform. Point Card is essentially a pre-paid Huobi card that keeps users liquid on service fees. One HT = 1 USD, therefore one “point” = 1 USD. The more points purchased, the more free points are added, although savings on 1000 points, for example, means only 10 HT for free.

Huobi Global minted a fixed total of 500 million tokens, with 300 million employed to facilitate the in-house VIP structure. A mark of the business group behind the platform is seen in their practice of buying back-sold tokens from the open market each quarter. Not only that, but those funds go towards the Huobi Investor Protection Fund (HIPF).

This is a planned fund that will compensate investors who suffer platform disruption and subsequent losses. It’s a tool that minimizes risk, smooths out the market overall and also goes towards protecting investor interests. This transparent and pleasing aspect of the platform is one reason traders have confidence in the exchange, and its popularity is rising worldwide.

By way of example, in order to glean a VIP status, a trader will pay 120 HT a month for First Level membership. This enables a 20 percent discount on trading fees. Running through toward the top end, a pricier option of 6,000 HT a month secures a 50 percent discount on fees. Overall, a diligent trader can optimize the system and come out with a substantial discount on the already low 0.02 percent base offer.

The company charges no fees to deposit funds, but there are withdrawal fees. Although there are reviews online listing withdrawal fees, it appears that, especially within the membership structure, users are advised to ascertain exact fees when establishing their account. Likewise, transfer limits need to established upfront to avoid disappointment later. There exist order size limits on the platform too, again becoming more malleable as one moves up the ranks of the VIPs.

Security And UX On Huobi Pro

All of the standard protocols including two-step Google Authenticator verification are at play on the platform. Unlike many other exchanges that offer a simple crypto-exclusive platform, Huobi Pro will need your personal details in the form of a passport copy and chat room comments are not devoid of complaints, although almost all of them take issue with the structure of the platform and its potential pitfalls. There are few allegations of lost funds or other negligence on behalf of the company. On the whole, Huobi Pro seems to be rubbing off its decidedly corporate ethos onto the exchange – good news for traders overall.

Another serious boon for the cryptosphere as a whole is that over 98 percent of holdings are stored in an offline cold wallet or vault. Imbued with a strict customer service ethic, the platform probably sports the best customer service to date for crypto exchanges. Available 24/7 365, there is a live chat option onsite.

The platform intel is sufficient although newbies might have to scratch to paint a clear picture of how exactly everything works. The FAQs are thoughtful and, again, testament to a polished offering. Huobi used to be one of the biggest Chinese crypto exchanges, based in Beijing. Started by entrepreneur Leon Li in 2013, since the move there has been mutual appreciation of its value. Worldwide users have taken to the exchange, as it too realized that it had global appeal.

Huobi Pro Conclusion

Huobi claims to have exceeded BTC 500,000 in daily trading approaching 2014. Although only in its fifth year, that’s a long time in cryptocurrency. Although frequently accused of embellishing trading volumes, these allegations have never been proven. In comparison to other digital exchanges that have suffered persistent user complaints and even been shut down due to criminal activity, Huobi Pro shines.

As an offering, it has low fees, great diversity and an unbeatable crypto-energy. No trader on the platform feels like they’re missing out on something else somewhere else, by most accounts. Possibly due to their prior involvement in the fintech world, the platform got it right first time around and user numbers prove it. The company Huobi also owns another trading platform, BitYes, more focused on USD/BTC and USD/LTC pairs trading. Great customer service and minimal technical glitches have made it appear positively top-tier, again in comparison to less polished outfits.

With a detailed offering, great client liaison – very unusual for most digital exchanges so far – and no legitimate proof of anything even vaguely dark hanging about them, the Huobi Pro project is recommended. Users are advised to always ascertain costs prior to trading – not hard with the customer support in this case – and sample a platform with small trades before trading greater amounts. To learn more, you can head to their official website: huobi.pro

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