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
- $10
- Proprietary platform
- Tons of cryptocurrencies and tokens, currency pairs, significant leverage for margin trading and derivatives
- there is a demo account
- customized orders are available
Our Evaluation of Bitfinex
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
Bitfinex is one of the top cryptocurrency exchanges in the financial market with the TU Overall Score of 8.16 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitfinex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Bitfinex is one of the oldest crypto exchanges, founded back in 2012 in Hong Kong. It offers more than 30 cryptocurrencies for trading, including pairs with world currencies. For margin trading, the maximum leverage is 1:10, but for derivatives trading, it's 1:100. The exchange has a handy and functional trading terminal that can create customized orders. There are several options for passive earnings for interested investors.
Brief Look at Bitfinex
The Bitfinex crypto exchange is a platform for trading cryptocurrencies and tokens. You can freely trade Bitcoin, Ethereum, Litecoin, cryptocurrency pairs, and fiat pairs like USD, EUR, GBP, JPY, etc. The company has its proprietary trading terminal with a mobile application for margin trading; it has a leverage of up to 1:10 (up to 1:100 for derivatives). The terminal stands out for its several unique features, including scalable orders that a trader can easily customize to suit their trading strategy. Customized orders and strategies can be tested without restrictions on a demo account that does not require a capital investment. You can use bank cards for deposits and withdrawals and there are no limits on the withdrawal of funds. The platform has a typical affiliate program and several investment programs, including staking and deposit.
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- large trading volumes;
- handy mobile application;
- top-tier level of security;
- custom orders;
- tons of currencies pairs;
- leverage up to 1:10 (derivatives are up to 1:100);
- demo account;
- investment programs.
- snail-paced multi-stage verification;
- relatively high fees when working with fiats;
- absence of direct responses from call center, they use only alternative communication methods.
TU Expert Advice
Author, Financial Expert at Traders Union
Bitfinex is a cryptocurrency exchange known for offering extensive trading options, including margin and derivatives trading with leverage up to 1:10 and 1:100, respectively. It supports trading over 185 coins and offers staking, an affiliate program, and a proprietary trading platform adaptable for mobile use. Traders can engage in operations without a hefty initial deposit, and the platform provides the flexibility of customizable orders and a demo account for strategic planning.
However, Bitfinex's drawbacks include a slow multi-stage verification process, relatively high fiat-related fees, and limited direct client support, which uses only alternative communication methods. Although these factors may present challenges, they do not overshadow the platform’s overall potential. Bitfinex is likely well-suited for experienced traders who value access to advanced trading options and are willing to navigate some challenges for its benefits.
Bitfinex 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: | Proprietary platform |
|---|---|
| 📊 Accounts: | Standard, demo |
| 💰 Account currency: | Cryptos, currencies |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, crypto and electronic wallets |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | Up to 1:10 (margin trading), up to 1:100 (derivatives) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Zero-entry |
| 💱 Commission: |
Spot: 0,1%-0,2% Futures: 0,065%-0,2% |
| 🔧 Instruments: | 185 supported coins, Futures, Perpetual contracts, Options, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Not indicated |
| ⭐ Trading features: | Tons of cryptocurrencies and tokens, currency pairs, significant leverage for margin trading and derivatives; there is a demo account; customized orders are available |
| 🎁 Contests and bonuses: | Yes |
The Bitfinex crypto exchange is characterized by impressive trading volumes and progressive growth in the number of its professional traders. This indicates the popularity and stability of the site, which offers favorable conditions for margin trading. Please note that the exchange does not have scalping, stop loss and take profit functions. However, custom orders are allowed.
Bitfinex Key Parameters Evaluation
Video Review of Bitfinex
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Mujtaba 
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PK Karachi Security features
complex verification method
Artem 
Verified
US New York Bitfinex is great for experienced traders like me who need advanced tools and options. I’ve used their staking feature for a few months, and it’s been pretty decent, with steady returns. The interface, especially on the desktop version, is well designed and easy to navigate. That said, the fiat fees can get a bit high, so I mostly stick to crypto-only trades to avoid them. All in all, it’s been a reliable platform for my needs.
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asf
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NL Amsterdam Easy work
Nothing
Muhammad Bilal
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PK Rawalpindi Investment programs.
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Regulation and safety
With a 6/10 score, Bitfinex 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.
- 2FA
- Cold wallet storage
- Government-regulated
- No facial recognition
- Successful hacks history
Bitfinex Security Factors
We also compared Bitfinex against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitfinex | OKX | Kraken | |
| Tier-1 regulation | No | 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 | Yes | Yes | Yes |
| Successful hacker attacks | Yes | No | No |
Is Bitfinex a regulated crypto exchange?
Bitfinex is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Bitfinex is authorized or licensed in accordance with local regulations in the following regions: Kazakhstan, El Salvador.
Is verification (KYC) mandatory at Bitfinex?
Yes, KYC verification is mandatory at Bitfinex. 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 Bitfinex available?
Bitfinex complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: United Kingdom, Iran, Islamic republic, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact Bitfinex support.
Is Bitfinex available in the USA?
Yes, Bitfinex 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.
Bitfinex commissions and fees
Bitfinex received a 6/10 score for its trading fees. While Bitfinex is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- No P2P fee
- Futures fees above industry average
- Withdrawal fee may be applied
What are Bitfinex trading fees?
We analyzed Bitfinex’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.
Bitfinex trading fees vs competitors
| Bitfinex | Binance | Bybit | Industry average | |
| Spot, maker fee (%) | 0,1 | 0,1 | 0,1 | 0.15 |
| Spot, taker fee (%) | 0,2 | 0,1 | 0,1 | 0.194 |
| Futures, maker fee(%) | 0,065 | 0,02 | 0,02 | 0.024 |
| Futures, taker fee(%) | 0,2 | 0,05 | 0,055 | 0.053 |
What are Bitfinex deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,10% |
Does Bitfinex offer P2P trading?
Yes, Bitfinex offers a P2P trading platform. We have provided the fees for these transactions and compared them with competitors.Bitfinex P2P Fees
Deposit and withdrawal
Bitfinex received a 10/10 rating for its deposit and withdrawal services. Bitfinex supports a wide range of payment methods with low or no fees, ensuring fast and convenient transactions.
- No deposit fees
- Google Pay supported
- PayPal payments
- Bank transfers for deposits and withdrawals
- Withdrawal fee applies
Deposit and withdrawal options
Bitfinex supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto, PayPal, Advcash Wallet, Google Pay, Apple Pay.
Bitfinex Deposit and withdrawal options vs competitors
| Bitfinex | OKX | Kraken | |
| Bank transfers | Yes | No | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | Yes | No | Yes |
What is Bitfinex minimum deposit?
The minimum deposit at Bitfinex is 100 USD/USDT or 0,001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitfinex minimum deposit vs competitors
| Bitfinex | OKX | Kraken | |
| Minimum deposit, USD or USDT | 100 | 10 | 10 |
| Minimum deposit, BTC | 0,001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does Bitfinex support fiat money?
Bitfinex supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitfinex received a score of 8/10 in this category, highlighting its excellent selection of tradable assets and market access. Bitfinex supports 185 coins and caters to various trading types, making it a strong choice for both active traders and long-term investors.
- Crypto options available
- NFTs available
- Crypto copy trading available
- Only 185 supported coins
Bitfinex supported coins and markets vs competitors
We compared Bitfinex 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.
| Bitfinex | OKX | Kraken | |
| Supported coins | 185 | 329 | 278 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | Yes | Yes | No |
| NFTs | Yes | Yes | Yes |
Bitfinex passive income options vs competitors
We also compared Bitfinex 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
Bitfinex received a score of 8.45/10 for its trading apps and tools. Its mobile platforms are highly rated on both iOS and Android, delivering smooth performance, advanced charting capabilities, and real-time market data.
- Advanced tools and automation with API
- Positive user feedback on the iOS app
- Mobile indicators allowed
- Advanced charting with TradingView support
- No trading bots for traders
- No Face ID
- No standalone desktop access
Trading apps
Bitfinex provides web and mobile apps for both Android and iOS users, with an average rating of 4,1 on the App Store and 3,9 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 Bitfinex platform is for mobile use.
| Bitfinex | |
| 2FA | Yes |
| Face ID | No |
| Mob Indicators | Yes |
| Alerts | Yes |
| Advanced Orders | Yes |
| Trading with bots | No |
| API | Yes |
| Extra trading platforms | No |
Does Bitfinex offer a desktop app?
No, Bitfinex 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 Bitfinex offer advanced charting with TradingView integration?
Yes, Bitfinex 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
| Foundation date | 2012 |
|---|---|
| Registration address | Hong Kong |
| Official site | bitfinex.com |
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