Aug 07, 2016 11:40 AM
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The five pairs include the bitcoin/USD, Litecoin/USD, Litecoin/bitcoin, dash/USD and dash/bitcoin. Other than the Dashcoin pairs, it provides the ability to further increase gains and losses. This bitcoin platform belongs to iFinex and is under its operation.
Developing its platform with multiple experts from different financial disciplines, it opts to be multifaceted and offers multiple services.Deposits and withdrawals are free.
This platform uses a maker/taker fee schedule. In this model, the maker fees vary according to the volume, while taker fees remain constant. For instance, if the volume was set at 500 or more trades but less than 2, 000 exchanges, the maker fee would be somewhere around 0.08 percent, while the taker fee would be 0.20 percent. As the volume increases, the maker fee decreases, yet the taker fee remains the same. The maker and taker fees differ for the other virtual money categories. Also, the fee is subject to change.
This buy and sell bitcoin platform uses several modes of security. Two-factor authentication uses both a sign-in key and a verification key. Only the user knows the sign-in key, while the verification key is a publically known entity. Both keys undergo encryption.Another security measure is the use of a cold wallet, and this platform stores 99 percent of its assets this way. Only 0.50 percent use hot wallet storage. Front-end servers cannot access the hot wallets. The wallet stores the keys you need to use the funds to buy and sell bitcoins. The wallet sends the virtual currency from the wallet; a digital signature is penned, and your transaction is underway.
This platform also makes use of a one-time password security measure. This uses a password just once for a single login or transaction. Since a different password is necessary for subsequent transactions, the likelihood the password is discoverable is nil. In addition, the platform uses daily backups that undergo encryption. Further, Arcui, a third-party IT security firm, provides monitoring services.
Bitfinex is a cryptocurrency platform with several types of virtual currency. It allows margin trading and has peer liquidity providers. This bitcoin/USD platform uses several security methods, and the fees are reasonable.
