The field of digital assets is developing rapidly. An equally dynamic and forward-thinking approach is required to keep up with rapid technological innovations. Bitfinex It provides state-of-the-art digital asset trading services to its users and global liquidity providers. in an interview with NationalThis leading cryptocurrency trading platform has revealed the way forward in this complex world.

A exchange It is where securities, commodities, derivatives and other financial instruments are traded. “The main function of an exchange is to guarantee fair and orderly trading and to effectively disseminate information regarding the prices of securities traded on it,” he said. Paulo Ardoinotechnology manager Bitfinex.

• Cryptocurrency world in the palm of your hand with CoinCoinX

So how does a swap work?

If the customer wants to sell cryptocurrencies, he must open a service request on the desired exchange and specify the number and price of the cryptocurrencies he wants to sell in this request. Inside exchange An order book opens to publish the offer and make it visible to those who want to buy. For example, let’s say a customer wants to make a purchase. In this case, the user selects the exchange and checks the order books for current offers. Or you can open a purchase request (Offer) where you specify the value you are willing to pay for the transaction. To trade on a digital token platform, the user needs to convert fiat to crypto. This can be done by credit or debit card, or by direct bank transfer.

Why do you have to use it?

An exchange efficiently connects buyers and sellers of digital tokens while managing the credit risk of each transaction.

Why are exchanges centralized or centralized?

By InvestopediaFor most digital currency investors, the centralized cryptocurrency exchange is one of the most important tools for trading. Centralized cryptocurrency exchanges are online platforms used to buy and sell cryptocurrencies. They are the most common tools traders use to buy and sell cryptocurrency assets.

Decentralized exchanges are an alternative; By eliminating the middleman, they create an environment that is often considered an “unsafe” environment. Such transactions work like peer-to-peer transactions. Assets are never held by an escrow service and transactions are based entirely on smart contracts and atomic swaps.

And what role does Bitfinex play in all this?

Bitfinex is a digital asset trading platform It offers cutting-edge services for digital currency traders and global liquidity providers.

Founded in 2012, it was one of the first professional platforms created to meet the growing interest in cryptocurrency trading. It is one of the world’s leading cryptocurrency exchanges with a daily volume exceeding one billion US dollars. It operates in over 100 countries (including Venezuela) and has around 300 trading pairs. Bitfinex’s strategy is focused on providing unparalleled support, tools and innovation to novice traders, professionals and liquidity providers worldwide.

Why is Bitfinex better than traditional financial institutions?

Traditional money transfer companies charge between 3% and 4% of the transaction amount as a commission. In the case of BitfinexIt ranges from 0.2% to 0.3%, and deposit fees are free for cryptocurrencies (like Bitcoin) and stablecoins (like Tether (USDt) tokens). In addition to low commissions, the use of this platform does not imply tax collection or accountability, which makes it more efficient, practical, simple and faster than working through the banking system.

What makes Bitfinex the best exchange?

interface Bitfinex stands out as one of the most advanced. The control panel includes multiple operating tools and some graphs show actions performed in real time. The dashboard is customizable and consists of a sidebar that displays data such as the user’s balance and the ordered order, the value of the selected asset, order books, incoming trades, and order history. Its extensive experience in the market makes it the exchange that has made the most progress in guaranteeing user security, making it more reliable than other exchanges and even more secure than banks.

This virtuous harmony between technology, safety, efficiency and accessibility, Bitfinex Become the platform of choice for professional traders and cryptocurrencies experts, as well as ordinary citizens, people who make simple transactions such as sending money orders from abroad or remotely. The platform also offers enterprise-grade performance on par with traditional exchanges.

What are the cryptocurrencies available on Bitfinex?

You have at your disposal 192 cryptocurrencies and 294 trading pairs that you can trade on Bitfinex. Bitcoin, Ethereum, Tether tokens (USDt), XRP, EOS, Tezos, IOTA, Cardano, Stellar, NEO and Litecoin are just a few of the assets on the exchange.

The app offers the same functions as the desktop version of Bitfinex but from the convenience of your mobile device. It lets you view positions, open orders and trade history with the touch of a few buttons. It is a good alternative for those who want to trade without any limitations. To download it for free, you need access to Google Play or the App Store.

How do you start trading on Bitfinex?

Thanks to its intuitive and simple interface structure, the Bitfinex registration process is fast, easy and only takes a few minutes to complete. Data such as username, email address, password, time zone and captcha text are requested. Next, the email must be accessed to finish the registration and start trading. The first thing to do after creating an account is to configure the security parameters. After the security parameters are configured, it is time to deposit money. There are two options: cryptocurrencies or national currency, US dollar, euro, British pound and Chinese yuan and others.

Bitfinex it has a fairly extensive help center with articles that should answer most customer questions. But if that’s not enough, you can submit a ticket and contact support. When you enter the support section, you will see a list containing the main query topics. After clicking on the section corresponding to the safe, you can describe the problem in detail and add a file if you wish.

The page has a large panel of professionals willing to make the trading experience the safest, easiest and most efficient, so communicating with customers through these channels is one of their priorities.