Bitfinex Review 2025

Bitfinex was originally designed for P2P Bitcoin transactions, but right now, it offers more than 400 cryptocurrencies are available to trade. Bitfinex crypto is the second digital exchange in the world in terms of the number of bitcoins held (403,000+); They offer 10x leverage [for futures and options], staking and lending.

Bitfinex Company Information & Regulation

In the early 2010s, “Raphael Nicol” was working on a project called "Bitcoinica," which eventually led to the launch of the Bitfinex exchange. Thus, Bitfinex Crypto was launched in December 2012 by “Raphael Nicolle” and “Giancarlo Devasini”, and the rest is history. Right now, Bitfinex is operated by iFinex Inc. and its subsidiaries BFXWW Inc. and BFXNA Inc. although Bitfinex is a pioneer in crypto industry but hasn’t achieved reliable licenses. Right now it is regulated in 3 jurisdictions:

• El Salvador (CNAD)
• British Virgin Islands (FSC)
• Cayman Islands (CIMA)

Summary of Specifications

Bitfinex offers a comprehensive suite of trading features and services such as more than 400 supported coins & 10x leverage but it’s not all about it, Bitfinex summary of specifications:

Pros and Cons

Let's take a look at the advantages and disadvantages of using Bitfinex:

User Levels

Bitfinex offers a tiered user level system based on verification. Each level has its own features, which you can see in the table below:

Fees and Commissions

Bitfinex has implemented a unified fee structure for all trading pairs, based on the total USD value traded or UNUS SED LEO holding in the last 30 days; but on the basis the fees are as follows:

For entry-level traders (with a monthly volume of under $500,000), the maker fee is 0.10% and the taker fee is 0.20%. As trading volume increases, these rates decline, down to 0.00% for makers and 0.055% for takers for top-tier accounts. This dynamic model rewards high-frequency traders with competitive cost efficiency.

Bitfinex Exchange Supported Coins: How Many Assets Can You Trade?

Bitfinex boasts an impressive selection of over 400 spot markets, covering a wide range of cryptocurrencies and digital assets.

The exchange covers major assets, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and EOS.

In addition to quantity, the exchange offers a wide range of trading pairs across fiat and crypto, allowing users to trade BTC/USD, ETH/EUR, and countless crypto-to-crypto combinations. Traders can access major cryptocurrencies like:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Ripple (XRP)
• Litecoin (LTC)
• DogeCoin (DOGE)
• Cardano (ADA)
• Chain Link (LINK)

This broad selection supports both mainstream and niche trading strategies.

Bitfinex Exchange Futures and Margin Trading Overview

Bitfinex crypto exchange supports both futures and margin trading which allows traders to access derivatives market’ but what are their features? See the list below from Bitfinex review!

Futures

• Leverage up to 10x
• Supports Perpetual Contracts
• Risk Management tools such as position management
• Understandable for Beginners

Margin

• Wide range of tradable assets available for margin trading
• Up to 10x leverage
• P2P funding market available for margin trading

How to Sign Up and Verify on Bitfinex Exchange?

To create an account and get verified on Bitfinex, follow these steps:

#1 Visit the Official Website

Navigate to the application form by clicking the "Sign Up" button on the Bitfinex website's home page.

#2 Registration Form

Fill out the sign up form with the following details:

• Email
• Username
• Password

Two-factor authentication (2FA) is mandatory for all Bitfinex accounts. Download and enable Google Authenticator to activate 2FA.

#3 Verify Your Email Address

Use the verification code sent to your email to verify your email and finish registration.

#4 Bitfinex Verification

Creating an account is not the only prerequisite for trading in Bitfinex; you must go through the authentication process to reach the first user level, "Basic Plus". Bitfinex Verification steps:

1. Navigate to the client portal and press the verification button;
2. Choose the account type and fill in the document needed;
3. Choose the level of access you desire;
4. Take a picture of your ID and a selfie from yourself to submit your request for verification.

Bitfinex Exchange Security Measures

Despite a major security breach in 2016, Bitfinex has since overhauled its security architecture. It now implements industry-grade safeguards, including:

• SOC 2 Type 2 certification, demonstrating adherence to strict security standards
• Cold storage for over 99% of user funds
• Two-factor authentication (2FA) for account access
• IP address and withdrawal whitelisting
• Advanced DDoS protection
• Regular security audits and penetration testing

Bitfinex has demonstrated a long-term commitment to rebuilding trust, maintaining robust operational security, while offering institutional-level infrastructure.

Applications and platforms

Trading in Bitfinex is done not only through the browser but also through the application. Currently, it has released its application for mobile and desktop, and we will review each of them with the download link.

Mobile Application

The Bitfinex mobile app provides a seamless trading experience with the following features:

• Full trading functionality, including spot and margin trading
• Real-time market data and price alerts
• Portfolio management and order tracking
• Bitfinex Pulse integration for social trading
• Enhanced security features, including biometric authentication
• Fast Pay for quick crypto transfers

Want to download and use Bitfinex crypto mobile app? Use the links below:

• Bitfinex iOS App
• Bitfinex Android App

Reporting App

“Trade Like a Pro with Bitfinex Reporting App” is the slogan of the Bitfinex reporting app.

The Reporting App is a powerful tool for traders and investors, offering Detailed portfolio tracking and performance analysis, investment return reports, multi-account management capabilities, and Comprehensive tax reporting features. Right now, you can install the app for Windows, Linux, and Mac via Bitfinex’s GitHub.

Withdrawal and Deposit Methods in Bitfinex Exchange

Compared to other digital currency exchanges, Bitfinex covers more methods for deposit and withdraw, which include:

• Bank wire transfers (USD, EUR, GBP, JPY, CNH are accepted)
• Credit/debit cards (USD, EUR, GBP, JPY, CNH are accepted)
• OpenPayd for EUR and GBP deposits
• Direct deposit and withdrawal for all supported cryptocurrencies
• Tether coins such as USDt, EURt, CNGt, XAUt, and MXNt

There is no fixed minimum deposit on Bitfinex, allowing users to start trading with relatively small amounts. Most crypto trades can begin with as little as $10 worth of digital assets, making the platform accessible to both beginners and casual investors.

Note: The minimum bank wire withdrawal amount is $1,000 with a 0.1% fee.

Trust Scores

The trust score of the Bitfinex Trustpilot profile shows its average performance. Of course, CoinGecko gave this exchange a score of 10/10, but a 1.3 out of 5 on reviews.io is also remarkable.

• CoinMarketCap: 6.9 out of 10
• CoinGecko: 10/10
• Trustpilot: 28 out of 5

• Reviews.io: 1.3/5

Bitfinex Features

Let's check the availability of special crypto services, such as staking and crypto cards, on Bitfinex:

Customer Services

The Achilles heel of Bitfinex exchange is its not-so-good user support. But why is it not so suitable? Because this exchange does not have many support ways, which include:

• Live chat
• Ticket

Which Countries Are Restricted on Bitfinex Exchange?

While this exchange operates globally, certain countries and regions are restricted from using the platform due to regulatory requirements and compliance considerations.

Bitfinex restricted countries:

• USA
• Cuba
• North Korea
• Iran
• Syria
• Crimea
• Occupied Parts of Ukraine

Which Investment Services Does Bitfinex Exchange Offer?

Bitfinex provides several investment and trading services beyond basic spot trading:

• Lending Pro: An automated lending tool that allows users to earn interest on their crypto holdings;
• Staking: Like many exchanges [BingX, Bithumb, Binance, etc.], Bitfinex offers staking and users can stake certain cryptocurrencies to earn rewards of up to 7% per year;
• Bitfinex Borrow: A peer-to-peer borrowing platform where users can set their own terms and use their assets as collateral;
• Bitfinex Pay: A payment solution for businesses to accept cryptocurrency payments and gain profit.

Besides Bitfinex, BingX, Bitunix, Toobit, Bithumb, and some other exchanges offer staking. 

Bitfinex Staking

Bitfinex supports crypto staking on a variety of proof-of-stake assets, such as Ethereum 2.0 (ETH2), Tezos (XTZ), Polkadot (DOT), Cardano (ADA), and Tron (TRX).

Depending on the token, users may earn annual returns of up to 10% APR. Staking is non-custodial, and rewards are distributed automatically, making it a passive earning mechanism.

Bitfinex Comparison Table

Let's check Bitfinex's standing among the top crypto exchanges:

TradingFinder Writer's Opinion and Conclusion

Bitfinex offers spot, options and futures trading with a minimum deposit of $10. Bitfinex secure its 4 services [Lending Pro, Staking, Bitfinex Borrow, Bitfinex Pay] with features such as Cold Storage, 2FA and DDoS Protection; But fund insurance is not provided by Bitfinex exchange.