Cfinex

Cfinex Review

Cfinex is a cryptocurrency exchange with Hong Kong as its home country. There are loads of coin exchanges from Hong Kong. Hong Kong is in a way the Mecca of cryptocurrency trading. 

Cfinex does not forbid US-investors from trading on its exchange, but US-investors should still do their own independent assessment of any problems their residency or citizenship may cause.

A company called Blakee Holdings Ltd apparently owns this exchange. It was launched on 15 March 2018.

Cfinex Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you.

In spite of a lot of attempts, we have not been able to acquire a view of the trading interface at Cfinex. There seems to be something wrong with the exchange’s SSL-certificate. This might be temporary, but if it isn’t, we will mark this exchange as “dead” shortly. We apologize for any inconvenience the absence of the trading view may cause.

Cfinex Fees

Cfinex Trading fees

The one thing we can’t stress enough is that you must always familiarize yourself with the trading fees at any exchange you are interested in. Cfinex charges flat fees (meaning that they make no distinction between makers and takers) amounting to 0.25%, which is in line with industry average. Industry average is arguably 0.25%.

Cfinex Withdrawal fees

Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you want to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.

This exchange charges a withdrawal fee amounting to 0.002 BTC when you withdraw BTC. This also corresponds to industry average.

Deposit Methods

Cfinex does not accept any other deposit method than cryptocurrencies, so new crypto investors can’t trade here. If you are an investor with no previous holdings of cryptocurrencies, and you wish to start trading here, you will first have to purchase cryptocurrencies from another exchange first and then, as a second step, deposit them here. Don’t worry though, just use our Exchange Finder to find an exchange where you can buy your first cryptocurrencies. After that, you’re all set!