BiFinance Review 2026
Learn more about TU’s methodology
- 0.1 USDT
- Web platform
- Mobile Apps
- 8-tier user account
- Spot trading fees decrease with increased volume.
Our Evaluation of BiFinance
Learn more about TU’s methodology
BiFinance is a high-risk cryptocurrency exchange with the TU Overall Score of 2.75 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.
How we tested BiFinance
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.
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.
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- 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 Verdict
Chief Analytics Officer
BiFinance offers spot and perpetual futures trading for over 115 cryptocurrencies, with leverage up to 1:125, through both a web platform and mobile apps. The platform includes advanced charting via TradingView integration, an 8-tier account system that reduces spot trading fees with higher volume, and additional features such as staking and a native BFT token that lowers transaction costs or can be used in airdrop programs. KYC verification is mandatory, the minimum deposit is 0.1 USDT, and the exchange is regulated by a Tier-1 financial authority, which provides a moderate level of oversight and security.
Drawbacks include above-average spot trading fees, limited asset selection compared to leading exchanges, and support for only CNY as a fiat currency. The platform does not offer a desktop app, demo trading, copy trading, or bank card deposits, and its mobile apps receive mixed reviews. BiFinance may be suitable for traders seeking basic crypto trading and passive income features, but it may not meet the needs of those requiring broad market coverage, low costs, or more advanced tools.
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 |
| 💼 Copy Trading: | 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
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.
- Government-regulated
- U.S-regulated
- Tier-1 regulation
- 2FA
- No successful hacks history
- No investor protection fund
- No facial recognition
- Cold wallet storage is not mandatory
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 | Kraken | OKX | |
| Tier-1 regulation | Yes | Yes | No |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| 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.
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: Kraken, OKX, BTCC .
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
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 | |
| Spot, maker fee (%) | 0.2 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 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, % | 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.
- No deposit fees
- Many cryptocurrencies for deposits and withdrawals
- No Google Pay option
- Withdrawal fee applies
Deposit and withdrawal options
BiFinance supports the following deposit and withdrawal options: Crypto.
BiFinance Deposit and withdrawal options vs competitors
| BiFinance | Kraken | OKX | |
| Bank transfers | No | Yes | No |
| Bank card | No | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What 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 | Kraken | OKX | |
| Minimum deposit, USD or USDT | 1 | 10 | 10 |
| Minimum deposit, BTC | 1 | 1 | 5 |
| Minimum trade amount, USD/USDT | 1 | 1 | 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
- Yield farming not available
- Fiat currencies not supported
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 | Kraken | OKX | |
| Supported coins | 126 | 278 | 329 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | Yes |
| 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
- Advanced charting with TradingView support
- Mobile indicators allowed
- No standalone desktop access
- 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 | Kraken | OKX | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | Yes |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | No | Yes | Yes |
| Trading with bots | No | No | Yes |
| API | No | Yes | Yes |
| Extra trading platforms | No | No | No |
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 |
|---|
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