Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Pros & Cons
- 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.
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.
TU Expert Verdict
BiFinance demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Crypto Exchanges Traders Prefer
BiFinance User Reviews
-
5-star
20%
-
4-star
20%
-
3-star
60%
-
2-star
0%
-
1-star
0%
-
BiFinance Commissions and Fees
Score:This category evaluates trading costs and the transparency of deposit and withdrawal charges according to the Methodology. It covers spot and futures trading fees, P2P exchange costs, deposit/withdrawal fees, and tiered fee structures. The assessment ensures that fees are competitive and clearly disclosed, avoiding hidden or excessive costs. Each factor is scored based on defined criteria, contributing to the overall rating.4.5 /10BiFinance 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
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 Nexus Trade CoinMetro Industry average Based on the evaluation of over 100 leading crypto exchanges Spot, maker fee (%) Maker fees are charged when liquidity is added to the order book. This occurs by placing a limit order below the current market price for buy orders, or above the market price for sell orders. 0.2 0.22 0.1 0.15 Spot, taker fee (%) Taker fees are charged when liquidity is removed from the order book. This typically happens when a trade is executed at the market price. 0.2 0.22 0.2 0.194 Futures, maker fee(%) 0.04 0 0 0.024 Futures, taker fee(%) 0.06 0 0.053 What are BiFinance deposit and withdrawal fees?
Deposit fee, % Important! Even if an exchange does not charge fees for deposits and withdrawals, there can also be fees from the payment system or cryptocurrency network used by the user. For example, the network fee for USDT TRC20 is typically around $1. 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.
-
Regulation and Safety
Score:Our evaluation encompasses several key factors, including government regulation, two-factor authentication (2FA), cold wallet storage of client assets, investor protection funds, KYC protocol adherence, year of foundation, and history of security breaches. Read more in our Methodology7.8 /10With a 7.8/10 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.
- Tier-1 regulation
- 2FA
- Government-regulated
- No successful hacks history
- U.S-regulated
- No investor protection fund
- Cold wallet storage is not mandatory
- No facial recognition
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 Security Factors BiFinance Coinbase Kraken Tier-1 regulation YesYesYesGovernment-regulated YesYesYesInvestor protection fund Provides compensation to users in case of financial loss due to unforeseen circumstances on the platform. NoYesNo2FA YesYesYesFacial recognition NoNoNoCold wallet storage The majority of user funds are held offline, reducing vulnerability to online attacks. NoYesYesSuccessful hacker attacks We review publicly available information on past security breaches to assess the exchange's security track record. NoYesNoIs BiFinance a regulated crypto exchange? Regulation is crucial for the security and legitimacy of a cryptocurrency exchange. We assess the exchange’s regulatory status and its impact on platform reliability.
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.
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.
Is BiFinance available in the USA?
BiFinance is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Coinbase, Kraken, OKX .
-
Deposit and Withdrawal
Score:We evaluated the deposit and withdrawal experience, considering several key factors such as the range of available methods, transaction processing speed, minimum deposit requirements, and associated fees. Read more in our Methodology.2.5 /10BiFinance 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.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- Withdrawal fee applies
- No PayPal option
Deposit and withdrawal options
BiFinance supports the following deposit and withdrawal options: Crypto.
BiFinance Deposit and withdrawal options vs competitors
BiFinance Coinbase Kraken Bank transfers NoYesYesBank card NoYesYesCrypto YesYesYesPayPal NoYesYesWhat is BiFinance minimum deposit?
The minimum deposit at BiFinance is 1 USD/USDT or 1 BTC. The minimum trade size is 1 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
BiFinance minimum deposit vs competitors
BiFinance Coinbase Kraken Minimum deposit, USD or USDT 1 10 10 Minimum deposit, BTC 1 1 1 Minimum trade amount, USD/USDT 1 2 1 Does BiFinance support fiat money?
BiFinance does not support fiat currencies; only cryptocurrencies are accepted.
-
Supported Coins & Markets
Score:Evaluates the range of available cryptocurrencies, fiat currencies, and markets, as well as investment tools like staking, farming, and other yield options. Read more in the Methodology section.3.5 /10BiFinance received a score of 3.5/10 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.
- Staking available
- Crypto futures available
- Crypto options not available
- No TradFi perpetual futures trading
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 Coinbase Kraken Supported coins 126 400+ 400+ Futures/Perpetual contracts YesYesYesOptions NoNoNoNFTs NoYesYesTokenized Assets Digital tokens representing real-world assets, such as stocks, bonds, commodities, or real estate. NoYesYesTradFi Perps Perpetual futures contracts linked to traditional financial assets, such as stocks, indices, or commodities. NoYesYesPrediction Markets Markets where users trade contracts based on the outcomes of future events. NoNoNoOther Assets NoPre-IPO Forex, IPO 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
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn more in our Methodology.5.3 /10BiFinance received a score of 5.3/10 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.
- Mobile indicators allowed
- App data protection with 2FA
- Advanced charting with TradingView support
- No access to API
- No Face ID
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 Coinbase Kraken 2FA YesYesYesFace ID NoNoNoMob Indicators YesYesYesAlerts NoYesYesAdvanced Orders These are specialized trading features that give users more precise control over how trades are executed. Examples include Stop-Limit, Trailing Stop, and OCO (One Cancels the Other). These tools may only be available on the web version of the platform. NoYesYesTrading with bots NoNoNoAPI NoYesYesExtra trading platforms These refer to third-party platforms supported by the crypto exchange in addition to its own proprietary system. NoNoNoDoes 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.
-
Customer Support
Score:We evaluated Customer Support at BiFinance based on the availability of live chat, email, phone support, ticket systems, help center resources, 24/7 assistance, multilingual support, and response time. Our assessment focuses on support accessibility and responsiveness. Learn the assessment criteria4.2 /10BiFinance provides below-average customer support, with noticeable limitations in communication channels, service availability, or additional assistance resources.
During TU testing, the exchange received a relatively low score for support accessibility and responsiveness. Users may face difficulties obtaining timely assistance with account access, deposits, withdrawals, or trading-related issues.
- Comprehensive help center available
- 24/7 customer support available
- Support ticket system available
- Limited language support
- Email support unavailable
BiFinance Support Channels vs Competitors
BiFinance Coinbase Kraken Live Chat NoYesYesEmail Support YesNoNoPhone Support NoNoNoTicket System YesYesYes24/7 Support YesYesYesHelp Center / FAQ YesYesYesMultilingual Support NoYesYesContacts Official site https://www.bifinance.com/home
Best BiFinance Alternatives
Articles that may help you
-
#For Beginners
Is BiFinance Safe, Secure & Regulated in 2026?
November 2026 Andrey Mastykin -
#For Beginners
All BiFinance Fees: Is It Cheap or Expensive?
October 2026 Andrey Mastykin -
#For Beginners
CoinPayu Review | Legit Crypto Earning Platform Or A Waste Of Time?
November 2026 Aleksandra Chaikina -
#For Beginners
Best Pepe Faucets For Free Tokens In 2026
November 2026 Aleksandra Chaikina -
#For Beginners
November 2026 Ashutosh Sureka
-
#For Beginners
TON Faucets: Top Platforms To Get Free TON
November 2026 Aleksandra Chaikina -
#For Beginners
Best Shiba Inu Faucets: What Pays And What To Avoid
November 2026 Aleksandra Chaikina -
#For Beginners
November 2026 Aleksandra Chaikina
-
#For Beginners
Does Regulation Make Crypto Feel Safer Than It Really Is? | TU Research
November 2026 Anastasiia Chabaniuk
