Resfinex Cryptocurrency Exchange Review : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What Is Resfinex Crypto Exchange ?

Founded in 2019, Resfinex is a digital assets exchange platform designed to facilitate discussion & analysis of Ethereum projects. Resfinex brings with it the vision of highly liquid digital asset exchange platform. We’re a hub for traders, made with the intention of facilitating high quality trading platform in the Ethereum ecosystem.

Information Table

How To Register At Resfinex Exchange?

To register on Resfinex , click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

Resfinex Exchange Supported Countries

Resfinex Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Resfinex .

How To Verify Your Resfinex Cryptocurrency Account ?

There is no mandatory verification at Resfinex but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Resfinex, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Resfinex Crypto Exchange?

There are two main options for topping up your balance on Resfinex Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From Resfinex Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your Resfinex Account ?

There are several steps you can take to help secure your Resfinex account and protect your funds:

1. Use a Strong and Distinctive Password: Make a complex password using a combination of uppercase and lowercase letters, numbers, and special characters. Avoid using information that is easily guessed, such as your name, birthdate, or frequent phrases. Passwords from other accounts should not be reused.
2. Turn on Two-Factor Authentication (2FA): Enable two-factor authentication on your Resfinex account. When you log in, you will normally receive a one-time code on your mobile device or via email. For enhanced security, use a hardware token (e.g., YubiKey).
3. Use a Private and Secure Email Address: Make sure your Resfinex email address is secure and not easily visible to others. Use a separate email address for your bitcoin accounts.
4. Avoid Phishing Attempts: Be wary of emails, messages, or websites that purport to be from Resfinex yet appear dubious. Check the domain and the sender’s address twice. Never open attachments or click on links from unknown or dubious sources.
5. Update Your Devices and Software on a Regular Basis: Maintain the most recent security patches and software updates on your computer, smartphone, and other devices. Make use of trustworthy antivirus and anti-malware software.
6. Keep your recovery phrase and private keys safe: If you’re using a hardware wallet, store your recovery phrase and private keys somewhere safe and secure. Never give them to anyone. Avoid keeping these credentials electronically, such as in emails or cloud storage.
7. By taking these steps, you can help protect your Resfinex account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

RESFINEX FEE SCHEDULE

In order to encourage robust liquidity and tighter spreads in our markets, Resfinex employs a volume-tiered, maker-taker fee schedule.

Fees are charged and deduced on a per-trade basis and will be taken in the currency you receive (ETH if you buy ETH/USDT or USDT if you sell ETH/USDT for example).

The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the ETH-USDT rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule:

1. TRADING FEES By default, if you hold RES in your account, your trading fees will be automatically subtracted from your RES balance. Using RES for transaction fees applies a 50% discount to your trading fee will be applied.

Trade On Go Resfinex Is 100% Mobile Friendly

Resfinex exchange has a mobile application that is available for both iOS and Android devices. The mobile application allows users to access the exchange’s services, including buying and selling cryptocurrencies, managing their accounts, and tracking their trading activities on the go.

The mobile app has a user-friendly interface that is optimized for mobile devices, making it easy to navigate and use. It also provides real-time price charts, order books, and trading history, allowing users to stay updated on the latest market trends and make informed trading decisions.

How To Contact Resfinex Customer Support Team?

If you need help with your Resfinex account or have any questions, you can contact Resfinex customer support through the following methods:

Visit the Resfinex Website: Navigate to the Resfinex website. The URL of the website may vary over time, so double-check that you are on the correct and authentic domain. To discover the most recent website, type “Resfinex” into your favourite search engine.

Email Support: If you see an email address on the contact page, send your question or concern to that address. Include all pertinent information, as well as your account information, if applicable.

Use the Contact Form: Some exchanges’ websites include a contact form. Fill in your name, email address, subject, and message in the form. Make sure to offer as much information as possible about your problem.

Check Social Media: Some businesses, including bitcoin exchanges, offer service via social media channels such as Twitter or Facebook. Check to see whether Resfinex has a social media presence where you may contact them.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Resfinex customer support can assist you efficiently.

Features Of Resfinex Crypto Exchange

Available At Android & IOS Store

Resfinex Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Convenient Payment Methods

Resfinex accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

Trading Pairs:

Resfinex supports a wide range of trading pairs, including BTC, ETH, USDT, USDC, and more. This allows traders to access a variety of cryptocurrencies and trade them against each other.

Low Trading Fees:

Resfinex charges low trading fees of just 0.03% for market makers and 0.07% for market takers. This makes it one of the most affordable exchanges on the market.

Lowest Costs

No-Fee Trading, trade crypto commission-free.

High liquidity

Resfinex offers deep liquidity with access to institutional-grade liquidity from multiple sources, including exchanges, brokers, and market makers.

Competitive Fees

Dynamic fee structure with lower fees for higher volume trading.

First Grade Security

Resfinex takes a comprehensive approach to protecting your funds and information. Learn more about our security features and integrations.

Industry leading API

Our Websocket feed lets you easily gain access to real-time market data, while our trading API lets you develop secure, programmatic trading bots

Resfinex Good Or Bad Points

Resfinex is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Resfinex :

Good points:

1. User-Friendly Interface: Resfinex offers a user-friendly and intuitive interface, making it easy for both beginners and experienced traders to navigate the platform.
2. Wide Range of Cryptocurrencies: The exchange supports a diverse selection of cryptocurrencies, allowing traders to access a variety of trading pairs.
3. Security Measures: Resfinex employs robust security measures, including cold storage for funds, two-factor authentication (2FA), and encryption protocols, to protect users’ assets.
4. High Liquidity: Resfinex provides high liquidity for many trading pairs, reducing the risk of slippage and ensuring that traders can execute orders efficiently.
5. Advanced Trading Tools: The platform offers advanced trading tools and features, such as margin trading and stop-limit orders, to cater to the needs of professional traders.

Bad points:

1. Centralized Nature: Resfinex is a centralized exchange, which means users have to trust the platform to handle their funds securely. This centralization poses inherent risks, such as the possibility of hacks or insider manipulation.
2. Limited Anonymity: Being a centralized exchange, Resfinex typically requires users to complete KYC (Know Your Customer) verification, compromising the anonymity that some cryptocurrency users prefer.
3. Regulatory Uncertainty: The exchange’s location in the British Virgin Islands may expose it to regulatory uncertainties, potentially affecting its services and user experience.
4. Limited Customer Support: Some users have reported slower response times and less effective customer support compared to larger, more established exchanges.
5. Trading Fees: Resfinex charges trading fees, which can vary depending on the trading volume and whether users are using market orders or limit orders. These fees can add up for active traders.

Is Resfinex Is Safe Platform To Trade ?

Resfinex is a cryptocurrency trading platform that allows users to purchase, sell, and trade various cryptocurrencies. While no exchange can guarantee total security, Resfinex has implemented a variety of security steps to help secure the assets of its users.

For example, Resfinex maintains the majority of its users’ money in cold wallets, which are offline and not accessible through the internet. This makes it far more difficult for hackers to take funds. Resfinex also uses two-factor authentication (2FA) to increase the security of user accounts.

However, it is important to realize that no exchange can guarantee complete security, and there is always some danger involved in dealing with cryptocurrencies. To protect your assets, you must perform research, identify dangers, and apply appropriate security procedures.

In summary, Resfinex has taken several measures to enhance security, but it’s still important to be cautious and do your due diligence before trading on any platform.

Resfinex Conclusion

In conclusion, is a reliable and secure cryptocurrency exchange that offers a wide range of cryptocurrencies for trading, with low fees and high liquidity. Its proprietary mining pool allows users to earn additional income while trading cryptocurrencies on the platform. The exchange also offers advanced trading tools for experienced traders and a user-friendly interface for novice traders.

With its focus on security, including two-factor authentication and cold storage of funds, users can be confident in the safety of their assets on the platform. The exchange also offers mobile apps for iOS and Android devices, as well as a referral program and an incubation program for blockchain projects. Overall, is a great choice for anyone looking for a reliable and trustworthy cryptocurrency exchange.