Kript Connected Exchanges: Bitfinex

Kript Team
kriptio
Published in
3 min readNov 1, 2018

You can add your Bitfinex account to Kript app and take advantage of managing your crypto portfolio in a safe and easy-to-use manner.

Bitfinex overview

24 hour volume: ~$144 million

Number of trading pairs: >300

Fiat support: yes

Verification: only required for users wishing to deposit/withdraw fiat currencies and for users wishing to speed up the deposit process

Markets: BTC, ETH, EOS, EUR, GBP, JPY, USD

Additional features: margin trading; margin funding

Order types: Market; Limit; Stop; Stop-Limit; Trailing Stop; Fill or Kill; Immediate or Cancel; Scaled Orders; Reduce Only; One Cancels Other; Post Only; Hidden Order

Supported countries: all countries except the USA, Bosnia and Herzegovina, DPRK, Ethiopia, Iran, Iraq, Syria, Uganda, Vanuatu Yemen

Website: bitfinex.com

Bitfinex is a full-featured cryptocurrency spot trading platform offering the most liquid order book. Founded in 2012, Bitfinex is one of the oldest professional crypto trading platforms. Currently it supports 106 different digital currencies and tokens (👉 see a complete list) and is ranked 14th in terms of daily trading volume which is about $144 million up to date. Besides, it has strong presence in social networks with 463 thousand subscribers in twitter only.

The platform provides a suite of advanced trading features and charting tools. Moreover, it enables access to p2p financing, an OTC market and margin trading for different digital assets. Margin trading is available with up to 3.3x leverage. Margin funding allows the user to provide funding to traders. The minimum amount for one offer is a $50 equivalent.

Bitfinex has three account types:

  • “Deposit” with access to margin funding only;
  • “Exchange” with access to exchange and margin funding;
  • “Trader” with access to margin trading, exchange, and margin funding.

Main features

✔ wide range of cryptocurrencies

✔ margin trading and funding

✔ customizable interface

✔ 12 order types

✔ high level of security

Fees and limits

Deposits: free except for international wires and small deposits (less than a 1000 USD equivalent).

Withdrawals: free except for international wires and the network commission (e.g. 0,0004 BTC, free for NEO, etc.).

Trading: Trading fees depend on the trading activity in the last 30 days. Maker fees vary from zero to 0,1% and Taker fees vary from 0,055 to 0,2 %.

Margin funding: charge on fees collected by Margin Funding Providers — 15% or 18% when opened by a hidden offer; charge on funding that is borrowed and subsequently returned without being used in a margin position — up to one full day’s interest.

Communication: twitter, facebook, linkedin, telegram

KRIPT and Bitfinex integration

Integration between Kript and Bitfinex enables advanced opportunities for crypto investors providing them with all they need for efficient trading. This integration enabled Kript users to get access to more cryptocurrency pairs and Bitfinex users to benefit from a wide range of useful functions available via Kript application.

Kript tools:

✔ Android and iOS app for trading

✔ High level of security

✔ Convenient interface

✔ ICO list with detailed information about the projects

✔ Coins description

✔ Order book

✔ Cryptocurrency market news

✔ Access to portfolios

Bitfinex available options in Kript app:

✔ Balance (for 3-months period)

✔ Holdings

✔ Transaction history

✔ QR code scanner for exchange connection

In order to take advantage of the advanced features for efficient trading:

1) download Kript app from Google Play or App Store;

2) create a new API key;

3) connect your Bifinex account to Kript app.

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