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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!
Your Capital is at risk.
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 crypto exchange; comprehensive review, features, and services
In the early 2010s, “Raphael Nicolle” 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, the crypto exchange is operated by iFinex Inc. and its subsidiaries BFXWW Inc. and BFXNA Inc. Although Bitfinex is a pioneer in the crypto industry, it hasn’t achieved reliable licenses. Right now, it is regulated in 3 jurisdictions:
Jean-Louis van der Velde, CEO of Bitfinex and Tether, is a multilingual technologist and entrepreneur with over 30 years in high tech, finance, and Fintech leadership. Career Highlights:
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:
Exchange | Bitfinex |
Launch Date | 2012 |
Levels | 4 |
Trading Fees | Varies Based on USD Value Traded or UNUS Sed Leo Holding |
Supported Coins | 400+ |
Futures Trading | Yes |
Minimum Deposit | $10 |
Deposit Methods | Bank Wire Transfers, Credit/Debit Cards, Openpayd, Crypto, Tether Coins |
Withdrawal Methods | Bank Wire Transfers, Credit/Debit Cards, Openpayd, Crypto, Tether Coins |
Maximum Leverage | 10x |
Minimum Trade Amount | $10 |
Security Factors | Cold Storage, Two-Factor Authentication (2FA), DDoS Protection, Ip Address and Withdrawal Whitelisting |
Services | Lending Pro, Staking, Bitfinex Borrow, Bitfinex Pay |
Customer Support Ways | Live Chat, Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Custom, |
Orders Execution | Limit, Market, Stop, Stop-Limit, Trailing Stop, Fill or Kill (Fok), Immediate or Cancel, Scaled Order |
Native Token | No |
Restricted Countries | USA, Cuba, North Korea, Iran, Syria, Crimea, Parts of Ukraine That Has Annexed from Russia |
Let's take a look at the advantages and disadvantages of using Bitfinex:
Pros | Cons |
Advanced Trading Features (Margin, Derivatives, OTC) | Lack Of Insurance Fund for User Assets |
Competitive Fee Structure | Complex Interface for Beginners |
Deep Liquidity for Large Trades | Not Available in Some Jurisdictions Such As US |
Educational Blog | High Fee for Fiat Transactions |
Demo Account | Limited Customer Support Options |
Robust Security Measures | - |
Custom Orders | - |
Bitfinex offers a tiered user level system based on the client's identity verification status.
There are 4 user levels offered by Bitfinex exchange
Each level has its own features, which you can see in the table below:
Specifics | Basic Access | Basic Plus | Intermediate | Full |
Exchange Trading | View-Only | Yes | Yes | Yes |
Margin Trading | No | Yes | Yes | |
OTC Trading | Yes | Yes | Yes | |
Derivatives Trading | No | Yes | Yes | |
Margin Funding | No | Yes | Yes | |
Lending Pro | No | Yes | Yes | |
Bitfinex Borrow | No | Yes | Yes | |
Increase position | No | Yes | Yes | |
Bitfinex Pulse | Yes | Yes | Yes | |
Staking | Yes | Yes | Yes | |
P2P | Yes | Yes | Yes |
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:
Fees | Crypto to Crypto | Crypto to Stablecoin | Crypto to Fiat | Derivatives |
Maker | 0.100% | 0.100% | 0.100% | 0.200% |
Taker | 0.200% | 0.200% | 0.200% | 0.0650% |
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 boasts an impressive selection of over 400 spot markets, covering a wide range of cryptocurrencies and digital assets.
There are more than 400 supported coins on Bitfinex
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:
This broad selection supports both mainstream and niche trading strategies.
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!
To create an account and get verified, you'll be required to verify your email address, identity, and address. Steps to Bitfinex registration:
Navigate to theapplication form by clicking the "Sign Up" button on the Bitfinex website's home page.
Fill out the sign up form with the following details:
Two-factor authentication (2FA) is mandatory for all Bitfinex accounts. Download and enable Google Authenticator to activate 2FA.
Use the verification code sent to your email to verify your email and finish registration.
Bitfinex verification procedure uses a two-stage KYC process: Basic Plus and Full, to enable full account functionality and meet compliance standards. Average completion time is 15 minutes per level, depending on document readiness.
For Basic verification, access your profile, open the "Verification" menu, and select "Upgrade to Basic Plus". Choose your document type and issuing country, then:
From the dashboard, click Upgrade to Full Verification and follow these steps:
Spot trading on Bitfinex allows you to buy and sell assets directly using the balance in your Exchange wallet. Follow these quick, practical steps to place and manage your trades effectively.
Access your Bitfinex account and ensure your crypto wallet has sufficient funds to place your desired order. Minimum order size varies per trading pair.
On the trading page, use the Tickers box to search and choose your desired trading pair. For example, select BTC/USDT when selling Tether for Bitcoin.
Locate the Order Form widget. Select Exchange in the top left, then choose your order type (Limit, Market, or others) and enter the trade details.
Your pending order appears in the Orders widget, where you can review, edit, or cancel it before execution.
After execution, funds appear in your Exchange wallet. The trade moves to the Order History widget, and full details are available in Reports under Orders or Ledgers.
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.
The Bitfinex mobile app provides a seamless trading experience with the following features:
Want to download and use Bitfinex crypto mobile app? Use the links below:
“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.
In the past quarter, Bitfinex trade volume has fluctuated between $100M and $900M, with occasional sharp spikes indicating heightened trading activity.
This pattern reflects episodic surges driven by specific catalysts, with Bitfinex maintaining consistent baseline liquidity between $150M–$350M.
Bitfinex offers a versatile suite of services, including TradingView integration, API access, P2P trading, and a rewarding referral program.
TradingView Integration | Yes |
Auto Trading (Bots) | No |
API Access | Yes |
P2P Trading | Yes |
OTC Trading | Yes |
| Yes | |
Launchpad | No |
NFT Marketplace | No |
Referral Program | Yes |
DEX | No |
Auto-Invest (Recurring Buy) | No |
Despite a major security breach in 2016, Bitfinex has since overhauled its security architecture. It now implements industry-grade safeguards, including:
Bitfinex has demonstrated a long-term commitment to rebuilding trust, maintaining robust operational security, while offering institutional-level infrastructure.
The exchange ranks among the top platforms with the Bitfinex CertiK Skynet profile scoring 86.33% and a CER security rating of B (65%).
It excels in server and user security, achieving perfect penetration test scores, but lacks funds insurance coverage.
Category | Metric | Value |
CertiK Skynet Score | Overall Score | 86.33% (A) |
Operational | 89.96 | |
Market | 87.01 | |
Cybersecurity | 95.32 | |
Fundamental | 79.90 | |
Listing Security | 89.02 | |
Community | 81.06 | |
CER.live Security Score | Overall Score | 65% (B) |
Server Security | 100/100 | |
User Security | 100/100 | |
Penetration Tests | 100/100 | |
Bug Bounty | 50/100 | |
ISO 27001 | No | |
CCSS | No | |
Funds Insurance | No |
Compared to other digital currency exchanges, Bitfinex covers more methods for deposit and withdrawal, which include:
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.
Bitfinex USDT TRC20 deposit is a secure and fee-efficient process on the TRON blockchain network, typically completing within 10 minutes. While Bitfinex charges no internal fees, standard TRON network gas fees apply.
From the top menu, navigate to the "Deposit" menu through the "Wallet" section to enter the funding interface.
Choose Tether Tokens (USDT) in the new page and follow these steps:
Select Tether tokens from the available deposit methods on Bitfinex
Check Recent Deposits at the bottom of the Wallet page to confirm credit and view transaction status.
Bitfinex USDT ERC20 withdrawal is a secure 4-step process with a minimum amount of ~5 USDT and a low 0.18635 USDT network fee. Transactions typically finalize in under 10 minutes.
From the Wallet menu, click Withdraw and choose Tether Tokens to open the ERC20 payout form.
Provide the following information in the billing form:
In this stage, you must verify your identity to finalize the transaction.
Check the Withdrawals section in your Wallet to view transaction status, amount, and blockchain confirmation time.
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.
Let's check the availability of special crypto services, such as staking and crypto cards, on Bitfinex:
Staking | Yes |
Yield Farming | Yes |
Social Trading | Yes |
Liquidity Pool | Yes |
Crypto Cards | Yes |
Bitfinex Promotions offer traders and affiliates lucrative opportunities through multi-level commissions, exclusive competitions, and reward multipliers.
The exchange features up to 38% commissions, 100,000 USDT in prize pools, and special bonuses for UNUS SED LEO holders and API developers.
Promotions | Maximum Prize Money | Conditions |
Competition | 100,000 USDT total prize pool | competitions and events; prizes awarded to active participants. |
Affiliate Program | Up to 38% multi-level commissions | Commission on referrals’ trading and margin funding fees, boost earnings with multipliers, and get API developer rebates |
The platform is on a mission to distribute 100,000 USDT to its loyal community through exciting promotions, competitions, and exclusive events. Stay connected to participate and track the progress of rewards.
Thereferral Program lets you unlock new income streams by earning multi-level commissions from trading and margin funding fees, boosted by commission multipliers and developer rewards.
Build your network, track performance, and grow alongside the crypto community.
The Achilles heel of the 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:
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:
Bitfinex provides several investment and trading services beyond basic spot trading:
Besides Bitfinex, BingX, Bitunix, Toobit, Bithumb, and some other exchanges offer 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.
Let's check Bitfinex's standing among the top crypto exchanges:
Features | Bitfinex Exchange | |||
Number of Assets | 400+ | 700+ | 2500+ | 700+ |
Maximum Leverage | 1:10 | 1:100 | 1:100 | 1:125 |
Minimum Deposit | $10 | $1 | N/A | N/A |
Spot Maker Fee | 0.1% | -0.005% - 0.1% | 0.055% - 0.2% | 0.1% |
Spot Taker Fee | 0.2% | 0.025% - 0.1% | 0.065% - 0.2% | 0.1% |
Mandatory KYC | Yes | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | Yes | Yes | Yes | Yes |
Copy Trading | Yes | Yes | Yes | Yes |
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.
Bitfinex has implemented strong security measures, but like all exchanges, it carries inherent risks. Users should enable all available security features and practice safe crypto storage.
No, Bitfinex does not allow U.S. persons to use its platform due to regulatory restrictions.
There are no minimum deposit amounts for fiat currencies. Minimum withdrawal amounts vary by cryptocurrency and are subject to change.
Yes, Bitfinex provides a mobile app for both iOS and Android devices, offering full trading functionality.
To use Bitfinex, you must register, go through the verification process, and make a deposit to be able to trade.
Account verification times can vary, but typically take 1-3 business days. Complex cases may require additional time.
Yes, Bitfinex offers margin trading with up to 10x leverage on select trading pairs.
Bitfinex is a global cryptocurrency exchange founded in 2012 by Raphael Nicolle and Giancarlo Devasini. Initially built for P2P Bitcoin trading, Bitfinex has evolved into a comprehensive platform supporting 400+ cryptocurrencies, margin, and derivatives trading. It is operated by iFinex Inc., headquartered in Hong Kong.
Bitfinex is not regulated by major tier-1 financial authorities, but it holds operational status in El Salvador (CNAD), the British Virgin Islands (FSC), and the Cayman Islands (CIMA). This grants it a legal framework, though not the same investor protection as fully regulated exchanges.
Bitfinex supports spot, margin (up to 10x), and futures trading with perpetual contracts. It also provides services like staking, crypto lending, borrowing, and payment solutions via Bitfinex Pay.
Bitfinex offers 400+ digital assets including BTC, ETH, SOL, XRP, LTC, DOGE, ADA, and LINK. Traders can access both crypto-to-crypto and crypto-to-fiat markets across hundreds of pairs.
For most users (under $500K monthly volume), maker fees are 0.10% and taker fees are 0.20% on spot markets. Derivatives start at 0.065% (taker). Holding UNUS SED LEO tokens or high trading volumes unlocks lower fees.
Yes, Bitfinex supports fiat deposits and withdrawals via bank wires, credit/debit cards, and Open Payd in major currencies like USD, EUR, GBP, JPY, and CNH. Fees and minimums vary by method.
Bitfinex provides a full suite of advanced order types including Limit, Market, Stop, Stop-Limit, Trailing Stop, Fill or Kill, Immediate or Cancel, and Scaled Orders—ideal for professional traders.
Users can stake ETH 2.0, XTZ, DOT, ADA, TRX and others with returns up to 10% APR. Staking is non-custodial and rewards are distributed automatically.
Bitfinex has 4 verification tiers: Basic, Basic Plus, Intermediate, and Full. Services like margin, derivatives, and lending require at least Intermediate level. Verification includes ID, proof of address, and a selfie.
While Bitfinex offers great features, its interface may be complex for beginners. However, it includes a demo mode, educational blog, and simplified trading for new users.
