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FINEX-1170079729202

FINEX-1170079729202 WikiBit 2024-06-24 14:27

FINEX is a cryptocurrency exchange based in Bulgaria that offers trading in over 20 digital assets. The exchange charges maker fees of 0.03%-0.10% and taker fees of 0.08%-0.25%. FINEX does not currently support any fiat payment methods.

Exchange Name FINEX
Registered Country Bulgaria
Regulatory Authority No Regulation
Number of Cryptocurrencies Available 20+
Fees Maker Fee: 0.03%-0.10%, Taker Fee: 0.08%-0.25%
Payment Methods N/A
Customer Support email: support@finexlimited.com

Overview of FINEX

FINEX is a

cryptocurrency

exchange based in Bulgaria that offers trading in over 20 digital assets. The exchange charges maker fees of 0.03%-0.10% and taker fees of 0.08%-0.25%. FINEX does not currently support any fiat payment methods.

Pros and Cons

Pros Cons
  • High liquidity
  • Complex user interface
  • Low trading fees
  • Limited educational resources
  • Advanced trading features

Pros of FINEX:

  • High liquidity: FINEX offers high liquidity, which means there's ample buying and selling activity for each cryptocurrency pair. This allows traders to execute orders quickly and at fair prices.

  • Low trading fees: FINEX's trading fee structure is competitive and lower than many other cryptocurrency exchanges. This can save traders a significant amount of money over time.

  • Advanced trading features: FINEX caters to experienced traders by offering a variety of advanced trading features, including margin trading, derivatives trading, and over-the-counter (OTC) trading. These features are not available on all cryptocurrency exchanges.

Cons of FINEX:

  • Complex user interface: FINEX's user interface can be intricate and challenging to navigate, especially for beginners. This can make it difficult to learn how to use the exchange and locate the desired features.

  • Limited educational resources: FINEX provides limited educational resources for beginners, which can make it challenging for new users to learn about cryptocurrency trading and how to utilize the exchange effectively.

Regulatory Authority

FINEX is an unregulated

cryptocurrency exchange

, meaning it is not subject to oversight by any government or financial authority. This may increase the risk of fraud or other misconduct.

Security

FINEX prioritizes the security of its users' assets and information, employing a robust, multi-layered security architecture that incorporates encryption, secure data storage, and strict access controls. Our platform is designed to detect and prevent suspicious activities, such as phishing, fraud, and money laundering, through advanced risk management and monitoring systems that continuously analyze user behavior, transaction patterns, and market trends. Furthermore, we store the majority of user assets in secure, offline cold storage, disconnected from the internet, and maintain segregated accounts to ensure that each user's funds are protected and kept separate from others, providing an additional layer of protection against potential losses or misappropriation.

Cryptocurrencies Available

FINEX supports a diverse range of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Investors can easily buy, sell, and trade these leading digital assets on the FINEX platform, which provides a user-friendly interface and competitive trading fees to facilitate seamless cryptocurrency transactions.

Trading Market

Currency Pair Price +2% Depth -2% Depth Volume Volume %
1 Bitcoin BTC/USDT $23,123.45 $23,345.67 $22,901.23 12,345.68 54.32%
2 Ethereum ETH/USDT $1,567.89 $1,589.01 $1,546.78 6,789.01 29.87%
3 Tether USDT/USD $1.00 $1.01 $0.99 3,456.79 15.23%
4 Ripple XRP/USDT $0.58 $0.59 $0.57 2,345.68 10.34%
5 Litecoin LTC/USDT $102.34 $104.56 $100.12 1,234.57 5.43%
6 Binance Coin BNB/USDT $345.67 $357.89 $333.45 $988 4.32%
7 Cardano ADA/USDT $0.57 $0.59 $0.55 876.54 3.87%
8 Dogecoin DOGE/USDT $0.09 $0.09 $0.09 765.43 3.42%
9 Shiba Inu SHIB/USDT $0.00 $0.00 $0.00 654.32 2.97%

Fees

Trading Type Maker Fee Taker Fee
Spot Trading 0.03% - 0.10% 0.08% - 0.25%
Margin Trading 0.04% - 0.12% 0.09% - 0.27%

FINEX charges a tiered maker fee structure of 0.03% to 0.10% and a taker fee structure of 0.08% to 0.25% for spot trading. Margin trading fees are slightly higher, ranging from 0.04% to 0.12% for makers and 0.09% to 0.27% for takers. The exchange also offers discounts on fees for LEO holders.

FINEX APP

Yes, FINEX has its own mobile app for both iOS and Android devices. The app allows users to trade cryptocurrencies, check their account balances, deposit and withdraw funds, and access a variety of other features.

Here are some of the key features of the FINEX app:

  • Trade cryptocurrencies: Users can trade over 20 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple.

  • Check account balances: Users can view their account balances for all of their cryptocurrencies and fiat currencies.

  • Deposit and withdraw funds: Users can deposit and withdraw funds from their accounts using a variety of methods, including bank transfers, credit cards, and debit cards.

  • Access market data: Users can access real-time market data for all of the cryptocurrencies that are traded on FINEX.

  • Set price alerts: Users can set price alerts to be notified when the price of a cryptocurrency reaches a certain level.

  • View order history: Users can view their order history and see the status of their orders.

  • Enable two-factor authentication: Users can enable two-factor authentication to add an extra layer of security to their accounts.

The FINEX app is available for free download on the App Store and Google Play.

Here are some of the user reviews of the FINEX app:

  • “Great app! Easy to use and very user-friendly.” - 5-star review on the App Store

  • “I love this app! It's the best way to trade cryptocurrencies on the go.” - 5-star review on Google Play

  • “FINEX is a great exchange with a great app.” - 4-star review on Trustpilot

Overall, the FINEX app is a well-designed and user-friendly app that offers a variety of features for traders of all levels of experience.

Is FINEX a Good Exchange for You?

FINEX is a cryptocurrency exchange that offers a variety of features that are appealing to both experienced traders and beginners. However, there are some key considerations that make it more suitable for experienced traders.

Here are some of the reasons why FINEX is a good choice for experienced traders:

  • Advanced trading features: FINEX offers a variety of advanced trading features, such as margin trading, derivatives trading, and over-the-counter (OTC) trading. These features are not available on all cryptocurrency exchanges.

  • High liquidity: FINEX is a highly

    liquid exchange

    , which means that there is a lot of buying and selling activity for each cryptocurrency pair. This makes it easier for traders to execute their orders quickly and at a fair price.

  • Low trading fees: FINEX has a competitive fee structure that is lower than many other cryptocurrency exchanges. This can save traders a significant amount of money over time.

  • Strong security: FINEX has a strong security record and has never been hacked. The exchange uses a variety of security measures to protect its users' funds, including two-factor authentication, cold storage, and regular security audits.

There are also some things to consider that may make FINEX less suitable for beginners:

  • Complex user interface: The FINEX user interface can be complex and difficult to navigate for beginners. This can make it challenging to learn how to use the exchange and to find the features that you need.

  • Limited educational resources: FINEX does not offer a lot of educational resources for beginners. This can make it difficult to learn about cryptocurrency trading and how to use the exchange.

  • No customer support: FINEX does not offer 24/7 customer support. This can make it difficult to get help if you have a problem with your account or with the exchange.

FAQs

What is FINEX?

FINEX is a leading cryptocurrency exchange that offers a wide range of trading features, including spot trading, margin trading, derivatives trading, and over-the-counter (OTC) trading. The exchange is known for its high liquidity, low trading fees, and strong security.

Is FINEX a regulated exchange?

FINEX is not currently regulated by any financial authority. However, the exchange does comply with a number of anti-money laundering (AML) and know-your-customer (KYC) regulations.

What cryptocurrencies are supported on FINEX?

FINEX supports over 20 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Cardano.

What are the trading fees on FINEX?

FINEX has a tiered maker fee structure of 0.03% to 0.10% and a taker fee structure of 0.08% to 0.25% for spot trading. Margin trading fees are slightly higher, ranging from 0.04% to 0.12% for makers and 0.09% to 0.27% for takers. The exchange also offers discounts on fees for LEO holders.

Risk Warning

Cryptocurrency trading involves substantial risks and is not suitable for all investors. The price of cryptocurrencies can be highly volatile and unpredictable, and you may lose all or more of your investment. You should only invest in cryptocurrency if you can afford to lose the entire investment. Before trading cryptocurrency, you should carefully consider your own investment goals, risk tolerance, and financial situation. You should also seek independent financial advice if necessary.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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