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Bitfinex Review 2025

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Bitfinex Review 2025
StakingLending ProBitfinex PayBitfinex Borrow
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Your Capital is at risk.

Your Capital is at risk.

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!

Overview
Company:Bitfinex
Headquarter:Taiwan
Founded:2012
Coins:400
US Accepted:
Max Leverage:1:10
About
Bitfinex was founded in 2012 by "Giancarlo Devasini and Raphael Nicolle." iFinex is the parent company of this exchange and it is registered in British Virgin Islands, El Salvador and Cayman Islands. Over 400 cryptocurrencies are tradable in this exchange.
Contact
17F-1, No. 266, Sec. 1, Wenhua Rd., Banqiao Dist
Rank and Score
Pros and Cons
User Levels
Pros
Deep Liquidity for Large Trades
Competitive Fee Structure
Advanced Trading Features (Margin, Derivatives, OTC)
Robust Security Measures
Demo Account
Educational Blog
Custom Orders
Cons
Complex Interface for Beginners
Not Available in Some Jurisdictions Such As US
Lack Of Insurance Fund for User Assets
Limited Customer Support Options
High Fee for Fiat Transactions

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

Bitfinex
Bitfinex established in 2012 by 2 blockchain enthusiastics named ā€œRaphael Nicolleā€ and ā€œGiancarlo Devasiniā€

In the early 2010s, ā€œRaphael Nicolā€ 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 ā€œRaphael Nicolleā€ and ā€œGiancarlo Devasiniā€, 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 hasnā€™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 itā€™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

Pros and Cons

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

-

User Levels

Bitfinex User Levels
There are 4 user levels offered by Bitfinex exchange

Bitfinex offers a tiered user level system based on verification. 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

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 in 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%

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

Bitfinex Assets Lists
There are more than 400 supported coins on Bitfinex

Bitfinex boasts an impressive selection of over 400 spot markets, covering a wide range of cryptocurrencies and digital assets. Traders can access major cryptocurrencies like:

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

Bitfinex Exchange Futures and Margin Trading Overview

Bitfinex crypto exchange supports both futures and margin trading which allows traders to access derivatives marketā€™ 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 in Bitfinex Exchange?

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

  1. Visit the Bitfinex website;
  2. Click on the "Sign Up" button;
Bitfinex registration
click on ā€œsign upā€ button to start the registration process
  1. Fill the information needed such as email, username, password and the rest;
  2. Enable Google Authenticator to activate 2FA;
Install Google Authenticator
install google authenticator to activate 2FA
  1. Verify your email to finish registration.

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

  1. Navigate to account and press on verification button.
  2. Choose account type fill 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

Bitfinex has implemented robust security measures to protect user funds and data:

  • 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.

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.
Mobile Application
Bitfinex crypto mobile app launched in 2019

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

Reporting App

ā€œTrade Like a Pro with Bitfinex Reporting Appā€ 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 Bitfinexā€™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, MXNt.

Trust Scores

The trust score of Bitfinex exchange in reliable sources such as Trustpilot 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;
Bitfinex score in trust pilot
Bitfinex trust score in Trustpilot is 2.8/5 based on 271 reviews
  • Reviews.io: 1.3/5.

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.

Beside Bitfinex, BingX, Bitunix, Toobit, Bithumb and some othe exchanges offers staking. 

Trading Finder 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. 

FAQs

Is Bitfinex safe to use?

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.

Can U.S. residents use Bitfinex?

No, Bitfinex does not allow U.S. persons to use its platform due to regulatory restrictions.

What are the minimum deposit and withdrawal amounts on Bitfinex?

There are no minimum deposit amounts for fiat currencies. Minimum withdrawal amounts vary by cryptocurrency and are subject to change.

Does Bitfinex offer a mobile app?

Yes, Bitfinex provides a mobile app for both iOS and Android devices, offering full trading functionality.

How to use Bitfinex?

To use Bitfinex, you must register, go through the verification process, and make a deposit to be able to trade.

How long does account verification take on Bitfinex?

Account verification times can vary, but typically take 1-3 business days. Complex cases may require additional time.

Does Bitfinex offer margin trading?

Yes, Bitfinex offers margin trading with up to 10x leverage on select trading pairs.

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