Bitfinex

Bitfinex transparent logo

Old and reliable – Aimed for professional traders more than beginner investors – Credit/debit card deposits – Bank transfer deposits and withdrawals – Basic staking

User Friendly
 

Bank transfer deposits

Bank card deposits

Fiat withdraw to bank account

Mobile App

Beginner friendly features: 3

Ease of buying and trading: 4

Interface and user experience: 4

Education and learning: 3

Customer support: 5

Features
 

Spot trading

Futures trading

Advanced trading options: 3

Staking and savings: 2

Airdrops and launchpools: ×

Additional financial services: 4

Other products and services: 3

Fees
 
  • Spot Maker Fee: 0.1%
  • Spot Taker Fee: 0.2%
  • Futures Maker Fee: 0.02%
  • Futures Taker Fee: 0.065%

Additional 6% fee discount when using our referral signup link.

Safety
 

 Exchange launched in 2012

Proof of Reserves

Regulatory compliance: 4

Reputation and reliability: 5

Asset safety and trust: 4

User account security: 4

Highly regulated

Considered very safe

Volume & Altcoins
 

 Number of altcoin pairs: 200

 Last 24h trade volume (in BTC): 9,153

Features Score: 66 / 100
3.7
Total Rating: Very Good
Toggle feature descriptions
Beginner friendly buying
3
Beginner features such as fiat deposits, quick convert, recurring buys, demo trading.
Ease of buying and trading
4
How easy was it to deposit, convert fiat to crypto, and execute trades on spot market.
Interface and user experience
4
Usability, design and intuitivness of the interface and light and dark color schemes.
Advanced trading options
3
Derivatives, options, stocks, margin, trading bots and other advanced trading features.
Staking and savings
2
Number of available staking assets and overall yields.
Airdrops & Launchpools
0
Frequency, value and ease of joining various airdrops and launch events.
Extra financial services
4
Crypto debit cards, fiat withdrawals, loans, P2P marketplace.
Trading fees
5
Competitiveness of trading fees compared to other exchanges, including discounted rates with our referral bonuses.
Volume and liquidity
4
Overall volume, liquidity and spreads on spot and derivatives markets.
Altcoins selection
2
Amount and quality of listed altcoin trading pairs.
Regulatory compliance
4
Approvals, certificates and compliance with various agencies and institutions.
Reputation and reliability
5
Overall reputation of the exchange, user feedback and reviews, social media sentiment, trust and transparency.
Asset safety and trust
4
Use of cold wallet storage and multi-signature, user protection funds, proof of reserves, security audits, and other safety and insurance measures.
Account security
4
Availability of various account security features such as 2FA, anti-phishing codes, hardware keys, withdrawal or trading passwords.
Other products & services
3
NFT marketplaces, copytrading, subaccounts, gift cards, trading competitions and other features.
Mobile App
4
Usability, update freqency, platforms, design and ease of trading via the mobile app.
Decentralized Wallet
0
Decentralized self-custody wallet usability, operating systems, number of assets and blockchain networks supported, DeFi options and more.
Education and learning
3
Learning and news resources on the website, including instructional videos, articles, knowledge bases, FAQs and help center.
Customer support
5
Responsiveness and availability of customer support through different channels such as email, live chat, social media, and others.
Referral and signup bonuses
3
Benefits obtained through the use of our referral codes, including discounted fees, cash bonuses and other rewards.
CoinMarketCap Rating: 6.9/10
CoinGecko TrustScore: 8/10

Quick info:

Launched in: 2012
Based in: British Virgin Islands
Trust Score: 8/10 (Ranked #33)
Coins listed: 200+
Trading volume: 9,153

Features overview:

  • Deposits: Cryptocurrency Bank cardsBank transfers
  • Beginner trading: Spot tradingDemo tradingMobile appCopytrading
  • Advanced trading: MarginFutures & leverageOptionsTraditional marketsTrading bots
  • Financial services: Fiat withdrawalsDebit spending cardsCrypto loansP2P tradingStaking & Earn
  • Other features: Gift cardsDark themed interfaceSubaccountsLow trading fees

Restricted countries

Bitfinex is not available in these 8 countries:

Canada, Cuba, Iran, North Korea, Syria, United Kingdom, United States, Venezuela.

Derivatives trading not available for South Africa and Seychelles (along with other restricted countries).

Bitfinex enforces mandatory KYC on all customer accounts. Using the exchange from restricted territories or through VPNs is not recommended.

See our list of countries to find exchanges available in your territory, or view all exchanges without KYC policy enforcement.

Available countries

Bitfinex is available in 228 countries and territories.

Trading fees

Trading fees:

  • Spot: 0.1% maker, 0.2% taker
  • Derivatives: 0.02% maker, 0.065% taker
  • Additional discounts for high volume traders
  • Additional fee discounts for holding UNUS SED LEO (15% discount just for holding 1 USD equivalent)
  • 6% fee discount when using our link to sign up

Deposit and withdrawal fees:

  • Fiat deposit fees: 0.1% for wire transfers, 5 EUR/GBP for OpenPayd transfers
  • Fiat withdrawal fees: 0.1% wire transfer

Signup bonuses

For added benefits on Bitfinex use the following code during signup:

yK8gobn07

Use this referral code for permanent 6% trading fee reduction.

Referral, signup or invitation code must be used during signup/registration process. These codes are also automatically added to exchange signup links on our site.

There are never any downsides to using referral codes. Benefits can include fee discounts, deposit bonuses, cash rewards, access to exclusive events or trading competitions, or other advantages.

The referral codes allow exchanges to properly attribute users and distribute rewards, bonuses or fee discounts based on disclosed affiliate relationships. No personal data is ever shared with us.

Visit Bitfinex

Pros

  • Established in 2012, considered reliable and safe.
  • Bank transfer and credit/debit card deposits.
  • Bank transfer withdrawals.
  • Customizable interface with several different color schemes to choose from.
  • Integrated Bitrefill for easy purchases of gift cards.

Cons

  • Derivatives trading not available for South Africa and Seychelles (along with other restricted countries).
  • Not very beginner-friendly user interface.
  • Staking has only 10 assets, with yields ranging from 1.5% to 7%.
  • No signup bonuses.
  • Fewer altcoins compared to many other exchanges.

Standout feature: Gift cards

Bitfinex’s integration with Bitrefill service allows direct and quick purchases of many different gift cards. These enable you to easily convert crypto into gift cards for Amazon, IKEA, PlayStation, Steam, Netflix and more. Many gaming-related offers are available as well, including Fortnite (V-Bucks), League of Legends, Blizzard store credits, Roblox, Minecraft and more.

About Bitfinex:

Bitfinex stands as a cornerstone of the cryptocurrency industry, renowned for its longevity and commitment to providing advanced trading solutions. Founded in 2012 by Raphael Nicolle and Giancarlo Devasini, Bitfinex operates under the umbrella of iFinex Inc., a Hong Kong-based company. As one of the oldest cryptocurrency exchanges in existence, Bitfinex has cemented its reputation as a go-to platform for professional traders and institutions alike.

A Legacy of Innovation

Bitfinex was conceived with the vision of creating a platform tailored to the needs of professional traders and investors. Over the years, the exchange has remained at the forefront of innovation, continuously introducing new features and products to enhance the trading experience. From margin lending and margin funding to paired trading and over-the-counter (OTC) trading, Bitfinex offers a diverse array of tools and functionalities to cater to the sophisticated needs of its user base.

Liquidity and Security

One of Bitfinex’s key strengths lies in its liquidity, particularly for BTC pairs and major altcoins like ETH and XMR. This liquidity ensures that traders can execute their orders swiftly and efficiently, even during periods of high market volatility. Additionally, Bitfinex prioritizes the security of user assets, offering robust measures such as two-factor authentication and IP address monitoring to safeguard against unauthorized access and fraudulent activity.

Comprehensive Product Suite

Bitfinex’s product suite extends beyond traditional spot and margin trading, encompassing a range of additional offerings to cater to diverse trading strategies and preferences. Bitfinex Borrow provides users with access to liquidity through collateralized loans, while Bitfinex Pay facilitates seamless crypto payments. Bitfinex Pulse serves as a social network for traders to share insights and engage with the community, while the exchange’s native utility token, UNUS SED LEO, offers additional benefits and privileges to token holders.

Founders’ Vision

The visionaries behind Bitfinex, Raphael Nicolle and Giancarlo Devasini, bring a wealth of experience and expertise to the table. Nicolle’s background in IT and his early involvement in the Bitcoin ecosystem laid the foundation for Bitfinex’s development, while Devasini’s diverse background in medicine and technology provided the strategic leadership needed to navigate the complexities of the crypto industry. Together, Nicolle and Devasini have steered Bitfinex through its evolution into one of the leading cryptocurrency exchanges in the world.

Global Presence

While Bitfinex is registered in the British Virgin Islands and based in Hong Kong, its reach extends far beyond these jurisdictions. The exchange serves a global customer base, with users from around the world benefiting from its advanced trading features and comprehensive product offerings. This global presence underscores Bitfinex’s commitment to accessibility and inclusivity in the cryptocurrency space.

In conclusion, Bitfinex’s legacy as one of the oldest and most trusted cryptocurrency exchanges is a testament to its commitment to innovation, security, and user satisfaction. With a diverse range of products and services designed to meet the needs of professional traders and institutions, Bitfinex continues to shape the future of cryptocurrency trading and investment.

Features Score: 66 / 100
3.7
Total Rating: Very Good

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