Bitfinex Review 2026
Learn more about TU’s methodology
- $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
Learn more about TU’s methodology
Bitfinex is a reliable cryptocurrency exchange with the TU Overall Score of 7.48 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 showed that the broker’s clients are mostly 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.
How we tested Bitfinex
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 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.
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 :
- 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 Verdict
Chief Analytics Officer
Bitfinex is a cryptocurrency exchange that offers access to trading 350 coins, fiat currency pairs, and crypto derivatives with significant leverage up to 1:100 for derivatives and 1:10 for margin trading. The proprietary web and mobile platform includes advanced customizable orders, a demo account, and investment features such as staking and deposit programs. Bitfinex supports deposits and withdrawals via bank transfers, cards, and crypto, with a minimum deposit of $10. Spot and futures trading fees are generally low by industry standards, and the platform caters to both active traders and investors seeking passive income opportunities.
However, a notable drawback is that Bitfinex is not regulated by any government authority, which results in a lower security and compliance score and offers less robust client protections than regulated competitors. Other disadvantages include slow multi-stage verification procedures, relatively high fees on fiat transactions, and limited customer support options without a direct call center. Bitfinex may be suitable for experienced crypto traders and investors who prioritize diversified markets and advanced platform features but may not be suitable for users who require strong regulatory oversight or full-service customer support.
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) |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | Zero-entry |
| 💱 Commission: |
Spot: 0%-0% Futures: 0%-0% |
| 🔧 Instruments: | 350 supported coins, Futures, Perpetual contracts, Fiat. |
| 💹 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
Regulation and Safety
Bitfinex received a score of 4.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- 2FA
- Cold wallet storage
- Facial recognition
- Not tier-1 regulated
- No investor protection fund
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 | Coinbase | OKX | |
| Tier-1 regulation | No | Yes | No |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | Yes | No | Yes |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | Yes | Yes | No |
Is Bitfinex a regulated crypto exchange?
Bitfinex is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean Bitfinex is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
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.
Is Bitfinex available in the USA?
Bitfinex 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, OKX, Crypto.com .
Bitfinex commissions and fees
Bitfinex has earned a rating of 8.35/10 for its trading fees. This makes it a highly attractive choice for active traders seeking to reduce costs, as Bitfinex is a platform with minimal crypto trading costs.
- Futures fees below industry average
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee 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 | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0 | 0.22 | 0.2 | 0.194 |
| Futures, maker fee(%) | 0 | 0 | 0 | 0.024 |
| Futures, taker fee(%) | 0 | 0 | 0.053 |
What are Bitfinex deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.10% |
Does Bitfinex offer P2P trading?
No, Bitfinex 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
Bitfinex received a 5.5/10 rating for its deposit and withdrawal services. While Bitfinex covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- No deposit fees
- Withdrawal fee applies
- No Google Pay option
- No PayPal option
Deposit and withdrawal options
Bitfinex supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
Bitfinex Deposit and withdrawal options vs competitors
| Bitfinex | Coinbase | OKX | |
| Bank transfers | Yes | Yes | No |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What is Bitfinex minimum deposit?
The minimum deposit at Bitfinex is 10,000 USD/USDT or - BTC. The minimum trade size is - USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitfinex minimum deposit vs competitors
| Bitfinex | Coinbase | OKX | |
| Minimum deposit, USD or USDT | 10,000 | 10 | 10 |
| Minimum deposit, BTC | - | 1 | 5 |
| Minimum trade amount, USD/USDT | - | 2 | 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 6.5/10 in this category, reflecting a solid selection of tradable assets and markets. Bitfinex supports 350 cryptocurrencies and basic trading types, although some advanced features or asset diversity may be limited compared to leading exchanges.
- Crypto futures available
- Fiat currencies supported
- Staking available
- NTFs not available
- Yield farming not available
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 | Coinbase | OKX | |
| Supported coins | 350 | 249 | 329 |
| Futures/Perpetual contracts | Yes | Yes | Yes |
| Options | No | No | Yes |
| NFTs | No | 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 7.75/10 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.
- Full-featured trading on desktop
- App data protection with 2FA
- Fast and secure login with Face ID
- Advanced tools and automation with API
- No trading bots for traders
- Android App score below 4 points
- No access to Copy Trading
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 3.5 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 | Coinbase | OKX | |
| 2FA | Yes | Yes | Yes |
| Face ID | Yes | No | Yes |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | Yes | Yes | Yes |
| Advanced Orders | Yes | Yes | Yes |
| Trading with bots | No | No | Yes |
| API | Yes | Yes | Yes |
| Extra trading platforms | Yes | No | No |
Does Bitfinex offer a desktop app?
Yes, Bitfinex offers a desktop app with full trading functionality. It supports advanced charting, fast execution, and is compatible with both Windows and macOS systems.
Does Bitfinex offer advanced charting with TradingView integration?
No, Bitfinex does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Foundation date | 2012 |
|---|---|
| Registration address | Hong Kong |
| Official site | bitfinex.com |
Articles that may help you
