Bitfinex exchange app beginners' graphic tutorial on buying coins

Yes, Bitfinex is a legal cryptocurrency exchange regulated by the British Virgin Islands Financial Services Commission. Features include a wide selection of cryptocurrencies, high liquidity, advanced trading features and complete security measures. The coin buying process for beginners includes: registering an account, depositing, buying coins and withdrawing money.

Is Bitfinex exchange legal?

Answer: Yes, Bitfinex is a legitimate cryptocurrency exchange.

Detailed answer:

Founded in 2012, Bitfinex is an old and well-known cryptocurrency exchange. It is headquartered in Hong Kong and regulated by the British Virgin Islands Financial Services Commission (BVI FSC).

Key Features of Bitfinex:

• Wide Cryptocurrency Selection: Offers trading in over 100 cryptocurrencies.
• High Liquidity: Due to its large user base, Bitfinex has one of the highest liquidity in cryptocurrency trading.
• Advanced Trading Features: Provides professional traders with advanced features such as leverage trading, stop loss orders and limit orders.
• Complete Security Measures: Multi-layered security protocols are implemented, including two-factor authentication, cold storage and regular security audits.

Bitfinex graphic tutorial for buying coins for beginners:

Step 1: Create an account

• Visit Bitfinex website and click "Sign Up".
• Provide your personal information such as name, email address and password.
• Complete KYC verification to verify your identity.

Step 2: Deposit

• Log in to your Bitfinex account.
• Click on "Wallet" and select the currency you want to deposit.
• Generate a deposit address and send funds to it.

Step 3: Buy coins

• Click on the "Trade" tab.
• Select the cryptocurrency you want to buy and the amount you want to trade.
• Click the "Buy" button to execute the trade.

Step 4: Withdraw

• When you want to cash out your cryptocurrency, click on "Wallet".
• Select the cryptocurrency you want to withdraw.
• Enter your withdrawal address and amount.
• Click the "Withdraw" button to complete the process.

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