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 |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Clear White Technologies (Hongkong) |
No |
WhiteBIT vs Bitfinex: Trading Conditions
| Trading Conditions | WhiteBIT | Bitfinex |
|---|---|---|
Minimum Deposit |
0.0005 BTC |
10,000 USD/EUR/GBP, 1,000,000 JPY, and 75,000 CNH |
Trading Platforms |
WhiteBIT TradingView |
Bitfinex |
Max Leverage (Futures) |
1-20 |
1-100 |
Number of Markets |
138 |
397 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
EUR, USD, UAH, RUB + 51 crypto |
USD, EUR, GBP, CNH, JPY + cryptocurrencies |
WhiteBIT vs Bitfinex: Fees
Trading Fees
| Fee | WhiteBIT | Bitfinex |
|---|---|---|
Max Maker |
0.10% |
0.1% |
Max Taker |
0.10% |
0.2% |
Min Maker |
0.10% |
0.0% |
Min Taker |
0.10% |
0.055% |
Debit/Credit Card Purchase Fee |
3% for RUB; 0,7% for UAH; 2.7% and 4.5% others, depending on the fiat currency. |
Not supported |
Futures Trading fees
| Fee | WhiteBIT | Bitfinex |
|---|---|---|
Max Maker |
not supported |
0.02% |
Max Taker |
not supported |
0.065% |
Min Maker |
not supported |
-0.0100% |
Min Taker |
not supported |
0.0350% |
Non-Trading Fees
| Fee | WhiteBIT | Bitfinex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
Crypto deposits - free; ADVCash 1,5%; Perfect money 3%; Visa/Mastercard 0,7%-4,5% depending on the currency, Qiwi 2,5%, Yandex 2,5% |
Crypto - free, Bank transfer 0.1% (minimum 60 USD/EUR) |
Bank Transfer Withdrawal Fee |
Not supported |
1% (minimum 60 USD/EUR) |
Debit/Credit Card Withdrawal Fee |
0,7%-4% depending on the currency |
not allowed |
BTC Withdrawal Fee |
No |
0.0004 |
Inactivity Fee |
No |
No |
WhiteBIT vs Bitfinex: Trading Assets
| Asset Name | WhiteBIT | Bitfinex |
|---|---|---|
Overall |
86+ |
170+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
WhiteBIT or Bitfinex: Investment Programs
| Asset Name | WhiteBIT | Bitfinex |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Crypto lending platform |
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 initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them WhatApp +1 (423) 248 - 2140
-
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.
-
Comment
It’s great working here! Such professionals make trading calm and comfortable. Bitfinex has a good reputation.
-
Comment
I trust bitfinex, otherwise I wouldn’t work with it. Anyone can have complaints, like the users who wrote comments below. Tell the broker about them so that it can take action and, if possible, resolve the issue! If there were any problems at all, since I didn’t have any problems when trading here.
-
Comment
Trading on Bitfinex is not going well. And all the 6 months that I have been trading there, there have been constant delays in withdrawing funds. I had to wait 3 weeks, and 4. Then I met a friend who used to trade with them. And he said that he had the same situation. Nothing changed...
Top 5 Reviews on WhiteBIT
-
Comment
My review of WhiteBIT is quite normal. The fee here is ok, I make a profit on long-term trades. Liquidity is not bad, despite the fact that the exchange is not very cool. There are coins, so you can trade. On the technical side, there are no obvious problems: nothing freezes too much, the platform is working. I did not notice any fraudulent actions on the part of WhiteBIT.
-
Comment
I withdrew money to my bank card. They promised that the withdrawal would be within two hours. But in fact, it took two days for the money to arrive. Why do I need such an exchange where they clearly engage in deception? Now a representative of WhiteBIT will come out and start telling tales about how well the exchange works, and all the problems arise only because of the banks. Not true! I work with another exchange, withdraw to the same bank, and the withdrawal happens several times faster.
-
Comment
My history of working with WhiteBIT is sad. Frequent delays in order execution resulted in heavy losses. It feels like all the technical problems are created on purpose. The support service is poor and it is impossible to get quick help from them. I see that representatives of the exchange quickly respond only on resources where negative reviews are written about WhiteBIT. It would be very good if they reacted to my requests like this. I recommend avoiding this exchange due to poor service and problems with the platform.
-
Comment
The Whitebit exchange is very weak. The conditions they offer seem normal in theory, but it's only on paper. In reality, the trading platform performs poorly, with significant issues. I don't know about the trading volumes here, but there are constant problems with executing market orders as well as limit orders. Whitebit allows withdrawals, but delays are frequent.
-
Comment
Recently, WhiteBIT has begun to improve its rating. If earlier there were a lot of negative reviews about this exchange, now major resources are simply bombarded with positive reviews created as a blueprint. And even here, on Traders Union, WhiteBIT’s bot writes to spam all the negative reviews. So I will still say - WhiteBIT is a deception and a scam!
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.