According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 0.1 USDT
- Web platform
- Mobile Apps
- 8-tier user account
- Spot trading fees decrease with increased volume.
Our Evaluation of BiFinance
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
BiFinance is a high-risk cryptocurrency exchange with the TU Overall Score of 2.04 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BiFinance clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
BiFinance is a secure centralized cryptocurrency exchange offering low fees and various earning opportunities. However, its choice of trading instruments is more limited compared to larger exchanges.
Brief Look at BiFinance
BiFinance is a centralized cryptocurrency exchange (CEX) launched in 2022. The management company, headquartered in the British Virgin Islands, also has offices in several countries and regions. In April 2023, BiFinance obtained an MSB license in the U.S. The exchange offers access to trading spot cryptocurrency pairs and perpetual futures contracts with leverage up to 1:125. Passive income options are available. BiFinance provides a web platform and mobile applications. Its native BFT token can be used for trading, staking, and reducing spot trading fees.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- User-friendly interface with support for TradingView charts;
- BFT for reducing trading fees and airdrops for token holders;
- Access to emerging crypto projects via Launchpad;
- Diverse passive income options.
- No demo account;
- CNY is the only supported fiat currency.
TU Expert Advice
Financial expert and analyst at Traders Union
BiFinance is a convenient and secure exchange for users seeking to profit from the cryptocurrency market, both through active trading and passive investment. A diverse choice of trading instruments and low fees make the platform appealing to a wide range of investors. BiFinance employs robust security measures, including regular audits, to protect user assets and ensure compliance with stringent standards. This fosters confidence among traders, particularly those focused on long-term investments.
BiFinance supports multiple languages and is available worldwide, making trading accessible in various regions. With a tiered fee discount system, users can reduce costs as their trading volume increases. This encourages trading and appeals to long-term holders.
The exchange provides diverse passive income options, including staking programs, Launchpad participation, and airdrop distributions. These features broaden the platform's appeal to both active traders and long-term investors.
BiFinance Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Spot account, Futures account, Financial account, and Fiat account |
| 💰 Account currency: | USDT, BTC, ETH, and other cryptocurrencies |
| 💵 Deposit / Withdrawal: | Cryptocurrency transactions and P2P exchange |
| 🚀 Minimum deposit: | 0.1 USDT |
| ⚖️ Leverage: | Up to 1:125 for futures |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: |
Spot: 0.01 Futures: minimum contract size |
| 💱 Commission: | Spot: 0,2%-0,2% |
| 🔧 Instruments: | 126 supported coins, Perpetual contracts. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market, limit, and advanced order types for futures |
| ⭐ Trading features: |
8-tier user account; Spot trading fees decrease with increased volume. |
| 🎁 Contests and bonuses: | Yes |
BiFinance offers access to spot trading of over 115 cryptocurrency pairs, along with leveraged perpetual contracts on BTC/USDT, ETH/USDT, BNB/USDT, SOL/USDT, and DOGE/USDT. Futures trading supports advanced limit order types, including Post Only, Fill or Kill, and Immediate or Cancel. Order execution defaults to Good-Til-Canceled (GTC).
BiFinance Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Regulation and safety
With a 7.75/10 score, BiFinance demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- U.S-regulated
- No successful hacks history
- Tier-1 regulation
- 2FA
- Government-regulated
- No investor protection fund
- Cold wallet storage is not mandatory
- No facial recognition
BiFinance Security Factors
We also compared BiFinance against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| BiFinance | OKX | Kraken | |
| Tier-1 regulation | Yes | No | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is BiFinance a regulated crypto exchange?
BiFinance is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
BiFinance is authorized or licensed in accordance with local regulations in the following regions: U.S, .
Is verification (KYC) mandatory at BiFinance?
Yes, KYC verification is mandatory at BiFinance. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is BiFinance available?
BiFinance complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: United Kingdom, Canada, Israel, Singapore, Iran, Islamic republic, Bangladesh, Japan, China, Venezuela, Iraq, Libyan Arab Jamahiriya, Syrian Arab Republic, Yemen, Somalia, Ecuador. For the most up-to-date information on regional availability, please contact BiFinance support.
Is BiFinance available in the USA?
Yes, BiFinance is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
BiFinance commissions and fees
BiFinance received a 4.5/10 score for its commission structure, indicating that its fees are higher than the market average based on an evaluation of over 100 cryptocurrency exchanges.
- No deposit fee
- Spot fee above industry average
- Withdrawal fee may be applied
- P2P fee applied
What are BiFinance trading fees?
We analyzed BiFinance’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
BiFinance trading fees vs competitors
| BiFinance | WazirX | Gemini | Industry average | |
| Spot, maker fee (%) | 0,2 | 0,2 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,2 | 0,35 | 0.194 |
| Futures, maker fee(%) | 0,04 | 0 | 0.024 | |
| Futures, taker fee(%) | 0,06 | 0 | 0.053 |
What are BiFinance deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | Network fees |
Does BiFinance offer P2P trading?
No, BiFinance does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
BiFinance received a 2.5/10 rating for its deposit and withdrawal services. BiFinance offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- No deposit fees
- Withdrawal fee applies
- Bank transfers not available
- No support for bank card payments
Deposit and withdrawal options
BiFinance supports the following deposit and withdrawal options: Crypto.
BiFinance Deposit and withdrawal options vs competitors
| BiFinance | OKX | Kraken | |
| Bank transfers | No | No | Yes |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | No | Yes |
What is BiFinance minimum deposit?
The minimum deposit at BiFinance is 0,1 USD/USDT or 0,00001 BTC. The minimum trade size is 0,01 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BiFinance minimum deposit vs competitors
| BiFinance | OKX | Kraken | |
| Minimum deposit, USD or USDT | 0,1 | 10 | 10 |
| Minimum deposit, BTC | 0,00001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 0,01 | 0,00001 | 1 |
Does BiFinance support fiat money?
BiFinance does not support fiat currencies; only cryptocurrencies are accepted.
Supported coins & markets
BiFinance received a score of 4/10 in this category, indicating a modest offering of assets and markets. While BiFinance covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Crypto futures available
- Staking available
- Crypto options not available
- Copy trading not available
BiFinance supported coins and markets vs competitors
We compared BiFinance with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| BiFinance | OKX | Kraken | |
| Supported coins | 126 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | Yes | No |
| NFTs | No | Yes | Yes |
BiFinance passive income options vs competitors
We also compared BiFinance with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
BiFinance received a score of 5.25/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- App data protection with 2FA
- Mobile indicators allowed
- Advanced charting with TradingView support
- Android App score below 4 points
- Advanced orders not available
- No trading bots for traders
Trading apps
BiFinance provides web and mobile apps for both Android and iOS users, with an average rating of 3,4 on the App Store and 2,1 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the BiFinance platform is for mobile use.
| BiFinance | Bybit | |
| 2FA | Yes | Yes |
| Face ID | No | Yes |
| Mob Indicators | Yes | Yes |
| Alerts | No | Yes |
| Advanced Orders | No | Yes |
| Trading with bots | No | Yes |
| API | No | Yes |
| Extra trading platforms | No | MT4 |
Does BiFinance offer a desktop app?
No, BiFinance does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does BiFinance offer advanced charting with TradingView integration?
Yes, BiFinance offers advanced charting through direct integration with TradingView. Users can access TradingView’s full suite of indicators, drawing tools, and multi-timeframe analysis directly on the platform.
Contacts
| Official site | https://www.bifinance.com/home |
|---|
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i