What you might not know is that the Bitfinex app is built in a different way than most crypto trading apps, and that it actually matters.
It's really not to geek out.
Unlike with most altcoins, in the case of the Bitfinex app the superior tech matters. The reason is it makes it **super quick to set up the app securely**.
With the right configuration you can trade without worry even on your regular phone -- even if it carries malware, spyware, credential stealers and whatnot. The **configuration is a matter of ten seconds** in your Bitfinex account, as accessed from browser.
### How to configure Bitfinex app for safe trading on your normal phone
> What you need
1. **A [Bitfinex account](http://bit.ly/the-cat-mouse-game) set up from a clean, trusted device**. You can use your laptop if you are confident it's secure. (By the way, Bitfinex has no minimum deposit limit anymore.)
2. **A smartphone** to install the app from Google Play or App Store. Don't use the same device as you used to register on Bitfinex.
We have written before about how important it is to [tier your devices](/security/device-management/). For instance, you should not have your main crypto wallets on a laptop that you use for download sites or to stream movies illegally, because the pop up ads there are full of malware.
In 2020, when you're already making a malware, it's really the standard to include something to check for crypto wallets. It's an easy task for a programmer and if they find a wallet file, it's easy money.
What is also pretty much a standard is to try and get your saved passwords, or to plant a keylogger into your device, with the specific focus on login credentials for the most popular crypto trading platforms.
> First Security Advantage: No Login
With the Bitfinex app though, you are accessing the exchange with a PIN code or fingerprint, **never with your full login data**.
That's what makes this app so secure. Even if your phone has some malware that's specifically looking for your Bitfinex credentials, they are simply not there.
However, you will defeat the purpose of this system if you sign up from the browser on your phone and then start using the app on the same phone.
So don't do it.
> Second Security Advantage: Allow Only What You Will Use
After sign up, head to your account Settings and select 'API'. If you are logged in, go straight to `bitfinex.com/api`.
Create a new API key and consider which functionalities you will allow. For example, if you are not a trader but you use Bitfinex to provide margin funding, you can disable everything other than the two funding-related options.
If somebody gets access to your phone and gets into the Bitfinex app now, they **won't be able to do anything** else other than submit your money as a funding offer.
**Disabling withdrawals** for use on an unsafe phone is probably a no-brainer.
As you save the API key configuration, Bitfinex will show you a QR code which you will need, so don't close anything yet.
> Don't Screw Up Now: Download The Real App
The real **Bitfinex App Store** identity (developer ID) is `Bitfinex`.
Get the Bitfinex app from Google Play or iTunes and install it. If you use Android, the page for the genuine Bitfinex app on Google Play should look similar to what you see on the screenshot below.
Never download cryptocurrency trading apps from unknown sources.
When you're done, open the app and click 'Login'. The app will ask you to scan the QR code of your API key, which will set up the connection to your exchange account.
After that, you will be only asked to create a PIN and to save your fingerprint, if your phone supports that...And that's you done.
Timing the market has a bad rap. But there are strategic approaches to it, even on crypto markets.
Posted in Technical Tagged as #RECOMMENDED-EXCHANGE#CRYPTO-OPSEC#MOBILE-TRADING
Last added to Crypto Airdrops, Bounties & Opportunities
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About the airdrop
Huobi Token campaigns
4 weeks, 1st run started 12 Jan
Huobi Token (HT) is a DeFi asset on the Huobi Ecological Chain (HECO). You can get a wallet address to receive the tokens in Huobi exchange. Huobi is giving out rewards for Twitter activity, blogging, YouTube content creation and Telegram activity. Rules on bitcointalk.
The platform cudos.org is looking for ambassadors with social media presence for their new program. Chosen ambassadors will get to create educational content about crypto (defi, trading, mining, dev) and earn between $200-$1000 worth of tokens a month.
Opportunity: DeFi Tokens on reputable exchange with lower fees
14 days after listing
The Aussie exchange Independent reserve is listing new DeFi tokens these days. For each of the new markets has the fee reduced to 0.1% for the first 2 weeks.
Currently those markets are yearn.finance, Aave and Kyber Network Crystal.
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