WhiteBIT vs Bitfinex: Fees, Coins, Safety Comparison
| Feature | WhiteBIT | Bitfinex |
|---|---|---|
Overall |
3.8 |
4.0 |
3.7 |
2.7 |
|
3.5 |
4.5 |
|
4.3 |
4.0 |
|
Investment Instruments |
3.9 |
4.6 |
Platforms and Charting Tools |
3.6 |
5.0 |
Deposit and Withdrawal |
4 |
3.9 |
Research |
3.9 |
4.3 |
Education |
3.7 |
5.0 |
Support |
3.5 |
4.8 |
Bonuses |
3.8 |
4.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
WhiteBIT vs Bitfinex: Pros and Cons
The WhiteBIT exchange is a universal platform for trading and exchanging cryptocurrencies. In addition to basic (simplified) trading, there are spot and margin trading. Bitcoin, Litecoin, Ethereum, Ripple, DASH, and dozens of other altcoins are traded on the exchange. Fiats are represented by the USD and the EUR. For margin trading, 1:20 leverage is provided. In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from staking). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application.
Bitfinex was founded in 2012 and is one of the oldest cryptocurrency exchanges in the world. The cryptocurrency platform is registered in the British Virgin Islands. More than 170 cryptocurrencies are available on the exchange, as well as cryptocurrency futures and NFT. The disadvantages of the exchange include numerous proceedings with U.S. regulators, as well as several major successful hacks.
| WhiteBIT | Bitfinex | |
|---|---|---|
| Overall Pros | Bitcoin, dozens of altcoins and tokens, four fiat currencies, including the USD and the EUR; | Trading with leverage up to 1:100 |
| large trading volumes, high liquidity, multilevel security system; | Derivatives are available | |
| basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account; | Negative fees for large derivative traders | |
| most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers; | Very essential discounts for LEO holders | |
| a simple and profitable system for investing in blockchain projects of crypto exchange affiliates; | ||
| the commission does not change - 0.1% of the trade amount, and no additional fees or charges; | Strong research | |
| FAQs on the basics of crypto trading, a demo token for education and training. | Advanced trading platform | |
| Overall Cons | communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication; | Several successful hacks |
| there is no advanced training, except for staking; and there are no alternative investment options. | Multiple regulatory fines in the US | |
| $10,000 minimum deposit in fiat currencies |
WhiteBIT vs Bitfinex: Safety and Regulation
| Regulated By: | WhiteBIT | Bitfinex |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
No |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
Yes |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
No |
Other countries |
Lithuania, Poland, Czech Republic, Bulgaria |
Kazakhstan, El Salvador |
WhiteBIT vs Bitfinex: Trading Conditions
| Trading Conditions | WhiteBIT | Bitfinex |
|---|---|---|
Minimum deposit, USD or USDT |
10 |
100 |
Futures leverage |
100 |
100 |
Spot leverage |
10 |
10 |
Supported Coins |
276 |
185 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
0 |
1 |
WhiteBIT vs Bitfinex: Fees
| Fee | WhiteBIT | Bitfinex |
|---|---|---|
Spot Taker fee |
0,1 |
0,2 |
Spot Maker fee |
0,1 |
0,1 |
Futures Taker fee |
0,05 |
0,2 |
Futures Maker fee |
0,02 |
0,065 |
Deposit fee |
No |
No |
Withdrawal fee |
0,0004 BTC 0,00367 ETH |
0,10% |
P2P taker fee |
No |
No |
P2P fee rate, maker fee |
No |
No |
WhiteBIT vs Bitfinex: Trading Assets
| Asset Name | WhiteBIT | Bitfinex |
|---|---|---|
Coins Supported |
276 |
185 |
P2P |
Yes |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
No |
Yes |
Futures |
Yes |
Yes |
WhiteBIT or Bitfinex: Investment Programs
| Asset Name | WhiteBIT | Bitfinex |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
Yes |
Yield farming |
Yes |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Bitfinex or WhiteBIT
| WhiteBIT | Bitfinex | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Bitfinex or WhiteBIT
| WhiteBIT | Bitfinex | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
no |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Bitfinex or WhiteBIT
| WhiteBIT | Bitfinex | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Bitfinex or WhiteBIT
| WhiteBIT | Bitfinex | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Bitfinex or WhiteBIT
| WhiteBIT | Bitfinex | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
Yes |
Trailing Stop |
No |
Yes |
WhiteBIT vs Bitfinex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | WhiteBIT | Bitfinex |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
No |
Electronic Wallets |
Yes |
No |
Crypto |
Yes |
Yes |
WhiteBIT vs Bitfinex: Research
| Research Type | WhiteBIT | Bitfinex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
WhiteBIT vs Bitfinex: Education
| Education Type | WhiteBIT | Bitfinex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Bitfinex vs WhiteBIT: Support
| Support Features | WhiteBIT | Bitfinex |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
No |
Yes |
Other |
No |
No |
WhiteBIT vs Bitfinex: Crypto Bonuses and Promo
| Promo | WhiteBIT | Bitfinex |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
Get 40% of every trading fee paid by the users who sign up via your referral link |
Up to 38% |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Bitfinex
-
Comment
I like how Bitfinex handles security. The multi-stage verification felt a bit long at first, but after going through it, I feel safer trading here than on other platforms I’ve tried. The custom order features are a huge plus for me as I can fine-tune my trading strategy. However, I wish they had more direct customer support options because getting responses through alternative channels can sometimes be slow.
-
Comment
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.
-
Comment
Honestly, I didn’t expect much when I first started using Bitfinex, but it’s actually surprised me in a good way. The first thing that got me hooked was how easy it is to execute trades, especially during crazy market swings. I’m talking about times when other platforms freeze up, Bitfinex kept running smoothly. The advanced trading features, like margin and stop orders, are awesome but not overwhelming. I also really appreciate how tight their security is. Every time I log in or make a move, I get instant notifications, so I know my account’s in good hands. On the flip side, their fees could be better. It’s not terrible, but sometimes I feel like I’m paying more than expected. Withdrawals are quick though, no hiccups there.
-
Comment
What stands out to me with Bitfinex is the huge variety of crypto pairs they offer. The platform is user-friendly, especially the mobile app which I use most of the time. One thing that could be better is the verification process, it took quite a while to get through it, but once it’s done, withdrawals are smooth. I mainly do margin trading, and the leverage up to 1:100 for derivatives has worked well for me. Just be mindful of the fees, which can add up with smaller trades.
-
Comment
The customer support provided by Bitfinex is often slow and unresponsive, leaving users feeling frustrated and unsupported. I cannot recommend Bitfinex as a reliable or trustworthy crypto exchange option.
Top 5 Reviews on WhiteBIT
-
Comment
I use WhiteBIT as a backup platform for operations with altcoins and fiat. Liquidity is decent, and the 0.1% fee comes with no hidden charges. Security deserves special mention: 98% of funds are stored in cold wallets, there’s WAF protection, and the reserve fund is located in the US. Registration and verification didn’t take much time. The main drawback is limited educational content and only one type of investment option, but overall the platform is reliable.
-
Comment
I came across WhiteBIT by chance while looking for a platform offering margin trading. What caught my attention was the 1:100 leverage and the availability of both spot and margin operations. I also appreciated the multi-currency account. With a minimum deposit of just 0.0005 BTC, the exchange is quite accessible. Of course, I’d like to see more investment options beyond just crypto deposits, but for trading purposes, the conditions are solid.
-
Comment
WhiteBIT left a mixed impression. On the one hand, the wide selection of assets — including 10 fiat currencies and dozens of altcoins — is convenient. I appreciated the simplicity of deposits and withdrawals: e-wallets and bank cards are supported, and the fee is fixed at 0.1%. On the other hand, there’s no advanced educational content, only basic materials. For experienced users, that might not be enough. Still, the platform is stable, and the trading conditions are fair overall.
-
Comment
One of the upsides of Whitebit’s support is that, unlike many top exchanges, you can actually get through to a real specialist instead of being stuck with irrelevant chatbot answers. However, non-English-speaking traders might run into some issues. If you need a quick resolution, it’s best to go with English for communication. If you're not strong in English, be prepared to wait—sometimes for quite a while, even up to half a day. Plus, when a specialist does become available, you have to be in the chat. If you miss them, there are no follow-up messages in the app. I missed my specialist once and only realized the next day that they had responded to me the same day.
-
Comment
The Whitebit trading app is pretty well thought out, though it’s not perfect. A big plus is having seven different chart types to choose from. For technical analysis, you’ve got about 20 indicators at your disposal. But there’s a catch—you can only display two at a time on the chart. So, if you’ve got volume on, you can only add one more, like MACD. Another thing I find lacking is a monthly timeframe option for the charts. On the bright side, there's a handy feature that lets you select your preferred margin or leverage level for futures with just two clicks. It’s a great way to manage your risks. But I really miss having more timeframe options for the charts. For instance, I like using H2 and 1M for specific purposes, but they’re just not available in the app.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.