Launched in 2022, BiFinance (also known as Bihui Exchange in Chinese) has rapidly positioned itself as a professional-grade digital asset trading platform. BiFinance now serves clients in more than 130 countries, offering a selection of over 150 cryptocurrencies.
The cryptocurrency exchange is fully licensed as a U.S. MSB through FINCEN as of April 23, 2023, while actively pursuing additional licenses such as VASP in Hong Kong.
Boasting tiered VIP levels, zero fees for cryptocurrency deposits, and leverage up to 1:125 for futures trading, BiFinance has structured its ecosystem to appeal to both newcomers and high-volume traders.
BiFinance Company Information and Regulation
BiFinance (Chinese name Bihui Exchange) was founded in 2022. The platform is described as an institutional-grade digital asset trading platform, with its English name “BiFinance” and Chinese name “Bihui.”
It raised a Series A round in August 2024, securing a valuation of around $100 million with strategic investment from Dingyi Group (HK: 0508) and SDM (HK: 8363).
The company is operated by an international team of professionals drawn from leading investment banks, blockchain development firms, and established trading platforms.
With an average of more than five years of experience in the blockchain sector, the BiFinance team brings strong industry insight and technological know-how.
In terms of regulation:
- BiFinance officially obtained a U.S. MSB (Money Services Business) license through FINCEN on April 23, 2023;
- It has submitted or is in the process of obtaining a VASP / similar type license in Hong Kong.
BiFinance CEO
The firm is led by its CEO, “Bob” (full name not publicly disclosed), a financial executive with more than 15 years of experience in brokerage, underwriting, and IPO sponsorship across Hong Kong and U.S. markets.
Under his leadership, BiFinance has grown into a global exchange serving users in over 130 regions, offering trading for mainstream cryptocurrencies and developing digital derivative products.
BiFinance Exchange Summary of Specifications
In the table below, you can learn about BiFinance’s features and specifications:
Exchange | BiFinance (Bihui Exchange) |
Launch Date | 2022 |
Levels | VIP Levels 1-8 |
Trading Fees | Spot: 0.20%–0.00% (maker), 0.20%–0.04% (taker) Futures: 0.04%–0.00% (maker), 0.06%–0.00% (taker) |
Supported Coins | 150+ cryptocurrencies including BTC, ETH, BNB, ADA, SOL, DOT, USDT, USDC, BUSD, UNI, AAVE, DOGE, SHIB, AXS, MANA |
Futures Trading | Yes |
Minimum Deposit | $5 |
Withdrawal Methods | Cryptocurrency only (network fees apply) |
Maximum Leverage | 1:125 |
Minimum Trade Amount | Not Specified |
Security Factors | AES-256 encryption, 2FA, cold wallet storage, multi-signature withdrawals, real-time risk monitoring, insurance coverage, third-party audits |
Services | TradingView Integration, Staking, Launchpad, Referral Program, Copy Trading (invitation-only) |
Customer Support Ways | Live Chat, Email (service@bifinance.com), Help Center |
Customer Support Hours | 24/7 |
Fiat Deposit | No |
Affiliate Program | Yes, referral bonus up to 30% commission |
Orders Execution | Limit and Market orders |
Native Token | BFT (BiFinance Token) |
Restricted Countries | Mainland China, USA, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore, Crimea |
Pros and Cons
BiFinance offers a robust trading platform with extensive cryptocurrency support, high leverage, and strong security. However, it has some limitations, including no fiat deposits. Here are the pros and cons of BiFinance:
Advantages | Disadvantages |
Up to 1:125 leverage for futures | No fiat deposits |
VIP program with bonuses and fee discounts | Limited services (no bots, demo, P2P, OTC) |
Low trading fees (0.20%–0.00%) | Few public reviews (3.2/5 Trustpilot) |
Strong security: 2FA, AES-256, cold wallets | - |
Web, iOS, and Android access | - |
150+ cryptocurrencies and 156 markets | - |
BiFinance User Levels
BiFinance offers a tiered VIP system that rewards users based on platform engagement, primarily through holdings of the native BFT (BiFinance Token) and monthly net deposits.
The VIP program is designed to provide users with enhanced benefits, including trading fee discounts, exclusive platform features, financial incentives, and priority customer support.
This structure encourages active participation, token adoption, and higher trading volumes within the BiFinance ecosystem.
The BiFinance VIP program consists of multiple levels. Users can advance by meeting BFT holding requirements and monthly net deposit thresholds, unlocking additional rewards as they progress:
VIP Level | Monthly Net Deposit Requirement | Exclusive Benefits |
VIP Level 3 | ≥ $1,000 USD | 10 USDT Futures Bonus |
VIP Level 4 | ≥ $5,000 USD | 20 USDT Futures Bonus |
VIP Level 6 | ≥ $20,000 USD | 50 USDT Futures Bonus |
VIP Level 8 | ≥ $100,000 USD | 100 USDT Futures Bonus |
BiFinance Exchange Trading Fees
BiFinance offers a tiered trading fee structure designed to reward active traders and long-term users. The fees vary based on the user's VIP level, which is determined by holdings of the platform's native token, BFT (BiFinance Token), and trading volume.
Higher VIP levels unlock reduced trading fees and additional benefits. BiFinance's spot trading fees are structured as follows:
VIP Level | Maker Fee | Taker Fee |
Level 1 | 0.20% | 0.20% |
Level 2 | 0.18% | 0.18% |
Level 3 | 0.15% | 0.15% |
Level 4 | 0.12% | 0.12% |
Level 5 | 0.10% | 0.10% |
Level 6 | 0.08% | 0.08% |
Level 7 | 0.05% | 0.05% |
Level 8 | 0.00% | 0.04% |
For perpetual contract trading, the fees are:
VIP Level | Maker Fee | Taker Fee |
Level 1 | 0.04% | 0.06% |
Level 2 | 0.03% | 0.05% |
Level 3 | 0.02% | 0.04% |
Level 4 | 0.01% | 0.03% |
Level 5 | 0.00% | 0.02% |
Level 6 | 0.00% | 0.01% |
Level 7 | 0.00% | 0.00% |
Level 8 | 0.00% | 0.00% |
Deposit and Withdrawal Fees
- Deposits: BiFinance does not charge fees for cryptocurrency deposits;
- Withdrawals: Withdrawal fees are network fees, which vary depending on the cryptocurrency and network conditions.
BiFinance Assets and Tokens
BiFinance provides trading services across 150+ digital assets and 156 markets. Users can engage in various market types, including spot and perpetual futures trading.
Here are some of the supported Cryptocurrencies on BiFinance:
- Major Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Solana (SOL), Polkadot (DOT)
- Stablecoins: Tether (USDT), USD Coin (USDC), BiFinance USD (BUSD)
- DeFi Tokens: Uniswap (UNI), Aave (AAVE)
- Meme Coins: Dogecoin (DOGE), Shiba Inu (SHIB)
- NFT-Related Tokens: Axie Infinity (AXS), Decentraland (MANA)
BiFinance Futures and Margin Trading Overview
BiFinance provides a robust platform for futures and margin trading. Users can access over 150 trading pairs with leverage up to 1:125, allowing for amplified trading opportunities.
Futures contracts are available with no expiration date, enabling continuous trading and hedging strategies. Margin trading supports a wide range of cryptocurrencies, with real-time risk management and automated liquidation to protect traders.
It’s worth noting that Future Trading is in Beta and not all the expected features are currently available.
BiFinance Registration Guide
To open an account on BiFinance, simply follow the instructions below:
#1 Access the Registration Form
On the homepage of BiFinance, click on “Register” at the top of the page.
#2 Email or Phone Verification
Now provide the information to create an account. You have the option to create an account using your email or phone number.
After entering your email or phone number, set a strong password and click on “Get Code”.
The exchange will send a code to your email or phone number. Enter it in the “Verification Code” field.
#3 Confirm the Information
Now, agree to the “User Agreement” by checking its box and finally click on “Register”. You can also pass this step using your Google account.
#4 Verification
The verification process on BiFinance is only available through the exchange’s official application.
So you need to download the Android or iOS application and follow the instructions there to verify your BiFinance account.
How to Trade in BiFinance Exchange
BiFinance streamlines trading for everyone. After signing up, follow these steps to start trading:
#1 Open the Trading Dashboard
Go to the BiFinance homepage and click on “Trade” to launch the trading interface.
#2 Choose a Trading Pair
On the right side, find your preferred trading pair and click on it.
#3 Pick Your Order Type
Scroll down to see the available order types and select the one that fits your trading strategy. BiFinance currently supports limit and market orders.
#4 Enter the Trade Amount
Enter how much cryptocurrency you wish to buy or sell in the amount field under the order options.
#5 Execute the Trade
Double-check your order details, then click “Buy” or “Sell” to complete the transaction.
BiFinance Exchange Platforms and Applications
BiFinance delivers a seamless trading experience through its multi-platform ecosystem, accessible on Web, iOS, and Android.
The BiFinance mobile app, available on both App Store and Google Play, enables fast deposits, withdrawals, and on-the-go trading with real-time market data.
Meanwhile, the web platform offers a professional-grade interface, optimized for futures, margin, and spot trading.
Download the BiFinance mobile app:
With features like advanced charting tools, one-click trading, and multi-layer security, BiFinance applications ensure traders at every level can access global markets securely and efficiently.
BiFinance Services
If you’re curious about BiFinance’s trading services, you can check their availability using the table below:
Service | Availability |
TradingView Integration | Yes |
Auto Trading (Bots) | No |
API Access | No |
P2P Trading | No |
OTC Trading | No |
Demo Account | No |
Launchpad | Yes |
NFT Marketplace | No |
Referral Program | Yes |
DEX Trading | No |
Auto-Invest (Recurring Buy) | No |
How Secure is BiFinance Exchange?
BiFinance employs multi-layered security protocols to safeguard user funds and data. Here are the main security features of BiFinance:
- Cold Wallet Storage: The majority of digital assets are stored offline to minimize hacking risks;
- Multi-Signature Authorization: Withdrawals and critical operations require multiple verifications;
- AES-256 Encryption: Advanced encryption protects user data and transactions;
- Two-Factor Authentication (2FA): Adds an extra layer of account security beyond passwords;
- Regular Third-Party Audits: Independent security checks ensure compliance with industry standards;
- Real-Time Risk Monitoring: Continuous surveillance of transactions to detect and block suspicious activity;
- Insurance Coverage: Certain user funds are insured against unexpected security incidents.
BiFinance Deposit and Withdrawal Methods
BiFinance supports fast and secure deposits and withdrawals. Clients can fund their accounts with major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), as well as stablecoins like USD Coin (USDC).
BiFinance only supports cryptocurrency deposits and withdrawals, so there is no fiat access, such as bank transfers and credit card payments.
All transactions are protected with multi-layer security, including two-factor authentication (2FA) and encryption, ensuring funds remain safe during transfers.
BiFinance also offers real-time tracking of deposit and withdrawal requests through its web and mobile applications.
BiFinance Exchange Trust Scores
Since BiFinance is a relatively new platform, there are not many reviews and scores out there.
The BiFinance Trustpilot page only shows 1 review, which is negative. The overall rating is 3.2 out of 5.
BiFinance Features
Let’s find out the crypto-related features BiFinance provides for the customers:
Staking | Yes |
Yield Farming | No |
Social Trading | No |
Liquidity Pool | No |
Crypto Cards | No |
BiFinance Bonus
BiFinance exchange provides welcome and referral bonuses that allow users to maximize the value of their trades. Here are the details of BiFinance Bonuses:
Bonus Type | Eligibility | Bonus Details | How It Works |
Welcome Bonus | New BiFinance users only | 300 USDT on registration | Automatically credited after registration |
Referral Bonus | Any registered BiFinance user | Up to 30% commission | Triggered each time a referred user trades |
Welcome Bonus
BiFinance offers a Welcome Bonus for new users, giving extra trading capital after registration. It’s called a “Newbie Bonus” and the amount is 300 USDT.
This bonus allows traders to start with additional funds, enabling them to explore the platform and execute trades with more flexibility.
Referral Bonus
The Referral Bonus program rewards users who invite friends to join BiFinance. Every time a referred user registers and trades, the referrer receives a commission or bonus, creating an incentive for both parties to engage with the platform.
The commission starts from 10% and it can go up to 30% on spot trading daily.
Customer Support in BiFinance Exchange
BiFinance provides 24/7 customer support to assist users worldwide.
Support is available through multiple channels:
- Live Chat
- Help Center / Knowledge Base
- Email Support: service@bifinance.com
BiFinance Copy Trading
BiFinance provides a Copy Trading feature that allows users to replicate the trades of professional traders in real time.
Access to Copy Trading is currently invitation-based, meaning users must obtain a trader’s unique invitation code to follow their strategies. Once activated, the system automatically mirrors the trader’s positions proportionally, including leverage and position size.
This one-click setup ensures a seamless experience, removing the need for manual configuration while maintaining alignment with the trader’s actions.
Followers should note that existing positions must be closed before enabling copy trading, and if the trader disables the feature, followers can no longer copy their trades.
While entry prices and position sizes generally match the trader’s current operations, slight differences may occur due to uncopiable existing positions.
Users can close copied positions at any time, but cannot open new positions independently while copy trading is active.
BiFinance Restricted Countries List
BiFinance enforces strict restrictions on users from certain countries to comply with international regulations and ensure platform security:
- Mainland China
- United States of America
- Canada
- Japan
- Cuba
- Iran
- North Korea
- Sudan
- Syria
- Venezuela
- Singapore
- Crimea
BiFinance vs Other Exchanges
In the table below, we are comparing BiFinance with some of the best exchanges:
Features | BiFinance Exchange | |||
Number of Assets | 150+ | 400+ | 1,200+ | 200+ |
Maximum Leverage | 1:150 | 1:125 | 1:100 | 1:1 |
Minimum Deposit | $5 | $1 | 0.0005 BTC | N/A |
Spot Maker Fee | 0.008% - 0.2% | 0.02% - 0.1% | -0.005% - 0.1% | From 0.2% |
Spot Taker Fee | 0.05% - 0.2% | 0.04% - 0.1% | 0.025% - 0.1% | From 0.2% |
Mandatory KYC | No | Yes | No | Yes |
Futures Trading | Yes | Yes | Yes | No |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | No | Yes | Yes | Yes |
Staking | Yes | Yes | Yes | Yes |
Copy Trading | Yes | Yes | Yes | No |
TradingFinder Expert Suggestions
BiFinance has quickly developed into a feature-rich exchange, combining high-security measures, a comprehensive VIP reward system, and flexible trading options.
The platform’s spot and perpetual contract fees scale from 0.20% down to 0.00% for maker orders and 0.06% for takers, depending on VIP status, while futures trading supports leverage up to 1:12f5, giving traders significant capital efficiency.
With multi-platform access on Web, iOS, and Android, the exchange also provides Copy Trading (invitation-only), staking, referral bonuses up to 30%, and a welcome bonus of 300 USDT.
Although certain services like P2P trading, demo accounts, and fiat payments are unavailable, BiFinance still competes strongly with major exchanges like Binance and Coinex, offering unique features such as no mandatory KYC for account creation and a VIP program that rewards monthly net deposits ranging from $1,000 to $100,000.
