How to configure the Bitfinex App for Secure Trading - #CryptoTrading

Bitfinex App has a super easy way to configure it for safe use on your regular, unsafe smartphone.
Trading     · [technical]  · Author: AltcoinTradingNET

It is not exactly hot news that the BVI-based custodial cryptocurrency trading platform Bitfinex offers their own trading app for smartphones:

--- Click HERE for 6% Fee Discount on Bitfinex ---

Your browser does not support HTML5 video.

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]( 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.

Open your account on Bitfinex

> 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 ``. 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.

More at

> 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.

Go To Bitfinex >

#### Crypto Trading Strategies Suitable for Bitfinex
Complete crypto dca strategy: why, how, where

Did you know by how much can DCA beat HODL?

Wyckoff trading method for ranging markets

Fully reworked primer on ranging crypto markets. Includes Wyckoff method for market phases and recommended TradingView scripts.

Market timing in crypto

Timing the market has a bad rap. But there are strategic approaches to it, even on crypto markets.


Posted in Technical
Tagged as    


Last added to Crypto Airdrops, Bounties & Opportunities
Airdropped Token or Opportunity Airdrop Date About the airdrop Link
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. rules
Bitfresh bounty program Started 10 Jan Bitfresh is giving out token for Twitter follow and retweets. The more followers you have, the more tokens you get. Full rules on bitcointalk. rules
Earn YoBit's YoDefi tokens Live YoBit set up their own defi project for liquidity on the exchange. The exchange pays out 777 YoDefi Tokens proportionally for all users every 10 mins. sign up
QUAI DAO Accelerator Bounty 4 Jan 2021 - 18 Feb 2021 The tokenized DEFI accelerator Quai Dao is running social media bounty. Tokens are distributed via Telegram bot for social media follows. sign up
Psyche.Cash Bounty Campaign Continues Ongoing The DEFI project Psyche.Cash runs a set of social media bounties. You get tokens for follow, comments, content creation or bitcointalk signatures. Sign up via bitcointalk. sign up
CUDOS Ranger Bounty - Callout for participants Dec 2020 The platform 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. link to google form
XRP Holders: get Flare airdrop on Bitfinex 12 Dec 2020 Bitfinex will support the distribution of Flare Networks’ upcoming airdrop of Spark (FLR) tokens for XRP holders. sign up
Staking without KYC on WhiteBit New! WhiteBit opened 17 different staking plans with 9 different currencies to choose from. 40% APR, available to the users without KYC. (Be mindful of risks) sign up
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, Aave and Kyber Network Crystal. sign up
LATOKEN Earn Nov 2020 10+ new Telegram airdrops available on LATOKEN exchange under "Earn" in the top navigation bar. (SAND, UNO, BXT, PZS, L2L, BIOG, DGB, OAP...) If you sign up with the link here you get 50 USD fee credit. sign up
Opportunity: Trade DeFi Tokens with NO FEES 14 days after signup The token exchange WhiteBit gives you 14 days of zero-fee trading if you sign up with a shill link. No KYC until 2 BTC/day withdrawal limit, lots of new DeFi projects get listed there. sign up