Rfinex - Rfinex.com REVIEW, TRADING VOLUME AND PAIRS
Rfinex is a major cryptocurrency exchange that was registered in 2017, in London. An official website of rfinex.com was translated into English, Chinese, and Korean language. At the time of writing, the daily trading volume on the platform is 90 million dollars, which makes the platform one of the largest ones.
According to coinmarketcap.com, only 6 currencies are traded on the exchange - Bitcoin, Ethereum, Litecoin, EOS, Ripple, and Dogecoin. They are all in the trading pairs tied to the USDT "crypto-dollar". Thus, there are no fiat currencies on the exchange, which is an undoubted disadvantage. We would like to note that, despite the great daily trading volumes, many experts do not recommend trading on this exchange. Although the developers claim that the platform is protected from DDoS attacks, the system does not inspire confidence of experienced traders. In terms of security, it is far from perfect, because there is no two-factor authentication and no pin code to confirm transactions. All this suggests that an attacker gets the opportunity to reach your money.
Let's talk about the main conditions. The minimum deposit amount on the exchange is $1, just like the minimum transaction amount. At the same time, the commission fee for money deposit/withdrawal is 0.2%. The exchange also charges a trading commission, which is the same. Although most withdrawals are made instantly, some payments can be delayed for up to 7 banking days. At that, the verification here is mandatory, and there is no opportunity to trade with leverage. There is also no API, which imposes restrictions on professional traders who practice automatic trading.
As for the quality of the support service work, it is questionable. You can contact the support team through the form on the website, as well as through Wechat and Email. The trading platform also has official accounts in Telegram and Twitter.
Among the advantages of the Rfinex trading platform we can mention:
• Bank-level encryption of user data;
• Dynamic user authentication;
• Multi-level identity control for transaction security;
• Professional charts;
• Special K-line chart from Tradingview;
• Convenient and fast trading "engine";
• Multi-platform support;
• Availability of the official app for iOS.
Every investor should decide if he/she wants to trade on the exchange. In fact, this does not make much sense, since the network has quite a lot of proven and well-protected trading platforms that are functionally much superior to Rfinex. Given the fact that the trading commission here is average, we will not recommend trading here.