NOTE: Customers from United States are not allowed to trade or register at this broker. We would recommend a different broker at our toplist here.
Bitfinex provides exceptional services for digital currency traders and global liquidity providers as a digital asset trading platform. The crypto exchange is one of the most liquid exchanges in the world that deals with major crypto coins, tokens and smaller altcoins.The platform offers margin trading, and its in-house indicators provide essential trading signals to leading crypto traders in the market. It was founded and continues to operate out of Hong Kong, and is registered in the British Virgin Islands. Some of the services offered include lending and staking cryptocurrency holdings rewards as high as 10% per year. Additionally, the platform offers to order books with top-notch liquidity that lets users trade digital assets with minimal spillage. Also, the liquidity providers can provide funding to traders who want to trade with leverage up to 10x.
NOTE: Customers from United States are not allowed to register. Find another broker here.
Buy and sell cryptocurrency on Bitfinex, the home of advanced digital asset trading.CryptoLists.com
Background & Overview
The exchange offers an array of services and gives a variety of order types that give traders the tools necessary for each situation. Another strong point of Bitfinex is the prioritization of user information and fund security. Since its inception in 2012, the exchange has served users and provided them with an excellent coin selection of 180+ coins. Additionally, the extremely low fees, with a maximum of 0.1% per trade fee, make users inclined to use the platform frequently.
Bitfinex allows users to access crypto coins and is an excellent choice for advanced crypto traders. The platform was a victim of a crypto exchange hack and lost thousands of Bitcoin, but the company reimbursed its users and made security protocol improvements. For starters, it has implemented a two-factor authentication; and has IP verification. Email notifications keep tabs on logins and email encryption to keep emails safe. The platform has since made changes to accommodate its users and ensure they have exceptional experiences.
The exhange offers a liquid order book with a low spread for traders. The advanced and customizable GUI and variety of order types, alongside the advanced charting functionality and API access, make it a popular platform among sophisticated crypto traders. Its selling point is the advanced trading dashboard with various indicators and tools for technical analysis. Traders access historical book data and can place traders for 100+ pairs.
The top exchange is a well-known crypto trading platform and caters to intermediate and advanced traders. It offers a wide selection of trading options and pairings as it aims to be the premiere destination for cryptocurrency enthusiasts. The years it has been in action have shown how it managed to work to the top and raise its trading volumes and user activity. Visit Bitfinex now!
Advantages at Bitfinex+ Bitfinex facilitates zero processing fees to its users for using the service.
+ Users experience an easy setup on online stores with minimal simple steps.
+ It facilitates a swift process of receiving payments within users' wallets instantly.
+ Users have a variety of cryptocurrencies to select from, including Bitcoin.
+ Bitfinex offers order books with high liquidity for minimal slippage exchanging cryptocurrencies.
+ It offers margin trading up to 10x leverage to its users.
Disadvantages- It has a history of security hacks with one in 2016.
- Controversies surrounding price manipulation and allegations of insolvency.
- Bitfinex is not available to United States clients.
- The platform does not offer instant withdrawals.
- Based in Hong Kong but registered in the British Virgin Islands.
KYC & Registration
The Bitfinex exchange attracts many users with an easy signup process and current prioritization of customer safety. The account registration process is simple, but the waiting process might be longer due to the customer base. You can create an account by going to the platform's homepage and selecting the signup button. Here, you fill in your email address and password - ensuring it is alphanumeric - to enhance security levels. Afterward, you can confirm the account registration through email and activate it.
Corporate facilities include the offerings given to meet the needs of professional and institutional traders, such as expedited verification, customer support, and sub-accounts. It has partnered with Market Synergy for fast trade speeds with institutional-level co-location and cross-connectivity.
Leverage▪ Rated at 9/10
Liquidity providers generate yield to provide funding to traders that trade with leverage. Such funding in margin trading is on an order book at various rates. The platform allows up to 10x leverage trading by giving traders with access to the peer-to-peer funding market a chance at margin trading.
Costs▪ Rated at 10/10
Making deposits via bank transfers into the account charges users a fixed fee of 0.1%. Nominal fees are charged for deposits made by cryptocurrencies depending on the cryptocurrency coin that the trader wants to use to finance their account. Withdrawals have a fixed rate of 0.1% via bank transfers. However, the fee may exceed 1% if users want fast withdrawals within 24 hours.
For takers, the trading fees start from 0.2% and can drop to as low as 0% for makers, as there are no trading fees for large orders conducted via the OTC desk. Discounted maker fees of 0.10% are offered to promote platform liquidity. There are no charges on withdrawals toward another Bitfinex user's address.
Deposit Methods▪ Rated at 9/10
Below you can see a list of the deposit methods available on Bitfinex. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
The platform accepts deposits in both fiat and cryptocurrencies, such as USDT, BTC, LTC, Zcash, Monero, ETH, Dash, Ripple, EOS, and over 80 other cryptocurrencies. The fiat currencies accepted include EUR, JPY, USD, and GBP, which can only be made through wire transfers. Notably, the site recently added support for debit and credit cards. For expedited cryptocurrency withdrawals, Bitfinex requires transaction verification for USDT usage.
Read more about the deposit methods at Bitfinex here.
Platforms▪ Rated at 9/10
The following platforms are supported by Bitfinex:
The customizable interface lets users organize their workspace according to their preference: one can choose their theme and layout and set up notifications. The interface is more favorable for advanced traders as it offers candlestick chats, indicators, and pro tools. Beginners may experience challenges when trading with the platform.
The dashboard has plenty of information and indicates each category of users for easier access. It showcases features for traders and lenders with a detailed description that a day trader and position trader will find helpful. The main dashboard presents users with multiple options and incorporates a Trading View chart.
The top of the page showcases access to the UNUS SED LEO token which empowers the Bitfinex community. The interface also provides access to its blog for users to keep updated with the exchange's events. There is the option for users to access a demo of operations as well.
Automated Trading and Copy Trading
One can use event-driven automated trading strategies accessible using the Bitfinex Honey Integration. The platform makes it simple to use without any knowledge needed. There are built-in algorithm orders with the web version providing Iceberg and TWAP orders. There is also a live trading terminal with a customizable data layout for order books, charts, and trade tables.
Languages supportedThe following languages are supported on Bitfinex:
Chinese, English, Portuguese, Russian and Spanish and Turkish
Broker Support▪ Rated at 8/10
Bitfinex has a dedicated customer support page where users can select the category of their query and fill out a form with details, including attachments regarding their concerns. Categories include token deposits, withdrawals, bank wires, account access, account settings, verification, trading and funding, API, mobile app, bug reporting, security concerns, partnership, forks and airdrops, and general inquiries. Users receive feedback within 12 hours of submission. The platform also offers a live chat support system for prompt feedback.
Other Names for Bitfinex
Bitfinex is or has also been known under the following names: iFinex Inc
Where can I register for Bitfinex?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
When was the platform launched?
Bitfinex was launched in 2012 and is amongst the oldest crypto exchanges.
Which residents are restricted from using the platform?
At the moment, US residents cannot access the exchange.
How long does a withdrawal take?
Withdrawals are conducted within 12 hours.
History of Bitfinex
2012 - Bitfinex exchange was launched.
2016 - Experienced a hack leading to the theft of 119,756 Bitcoin.
October 2022 - Launches Fantom Ecosystem Tokens Hector Network (HEC), SpookySwap (BOO), and Retreeb (TREEB).
November 2022- Bitfinex Turkey mobile app released to market.
Find the full list of instruments available to trade at Bitfinex here. There are tons of different pairings to be found on Bitfinex, which we've listed below for your convenience.▪ Rated at 8/10
Crypto CurrenciesETH/USDT, BTC/USDT, XRP/USDT, ETH/USDT, ETH/BTC, EOS/USDT, XLM/USDT, DOGE/USDT, XRP/USDT, SOL/USDT, BSV/USDT, LTC/USDT, XRP/BTC, DOGE/USDT, BTC/EUR, ADA/USDT, SOL/USDT, LINK/USDT, FIL/USDT, SUSHI/USDT, XMR/USDT, ETC/USDT, SUSHI/USDT, ADA/USDT, LINK/USDT, XLM/USDT, EOS/USDT, XMR/BTC, EUT/USDT, LTC/USDT, LEO/USDT, APT/USDT, APE/USDT, UDC/USDT, DSH/USDT, BTC/GBP, ADA/BTC, APT/USDT, ETH/EUR, EOS/BTC, UNI/USDT, XMR/USDT, AVAX/USDT, BSV/BTC, XLM/BTC, LTC/BTC, HIX/USDT, SOL/BTC, UDC/USDT, NEO/USDT, XDC/USDT, MATIC/USDT, ALG/USDT, IOT/USDT, ATO/USDT, DOT/USDT, MATIC/USDT, RBT/BTC, RBT/USDT, UNI/USDT, HIX/USDT, ETH/GBP, XRD/USDT, DOT/USDT, BTC/JPY, FTM/USDT, TRX/USDT, YFI/USDT, AVAX/USDT, XDC/USDT, APE/USDT, ETC/BTC, FIL/USDT, ETC/USDT, ZEC/USDT, GALA/USDT, GALA/USDT, XTZ/USDT, ETHW/USDT, TRX/USDT, SMR/USDT, OMG/USDT, ICP/USDT, CCD/USDT, SGB/USDT, CLO/USDT, EOS/ETH, ZRX/USDT, SHIB/USDT, XCN/USDT, DSH/BTC, WAVES/USDT, HMT/USDT, UOS/USDT, EOS/EUR, LEO/USDT, PNK/USDT, SHIB/USDT, ZEC/BTC, CRV/USDT, BCHN/USDT, DOGE/BTC, HMT/USDT, AAVE/USDT, WAVES/USDT, OMG/BTC, BTC/XAUT, XCN/USDT, REQ/USDT, MOB/USDT, AAVE/USDT, SGB/USDT, UOS/BTC, XAUT/USDT, TRX/BTC, OXY/USDT, CHZ/USDT, CRV/USDT, BTC/EUT, XAUT/USDT, PLANETS/USDT, FTM/USDT, QTM/BTC, LUNA2/USDT, LEO/BTC, ICP/USDT, CHZ/USDT, AVAX/BTC, NEXO/USDT, BOSON/USDT, QRDO/USDT, IOT/BTC, BOSON/USDT, NEO/USDT, XCAD/USDT, QRDO/USDT, XRD/BTC, MATIC/BTC, ETHW/USDT, THETA/USDT, ETH/JPY, QTF/BTC, QTF/USDT, SAND/USDT, CHSB/BTC, ZIL/USDT, BAND/USDT, DAI/USDT, VET/USDT, SAND/USDT, LUNA2/USDT, ICE/USDT, EUT/EUR, ZCN/USDT, QTM/USDT, EUS/USDT, NEAR/USDT, OCEAN/USDT, ATO/USDT, NEAR/USDT, SUN/USDT, ALG/USDT, NEO/BTC, FCL/USDT, WBT/USDT, PLANETS/USDT, SMR/USDT, THETA/USDT, BAT/USDT, SNX/USDT, FORTH/USDT, XAUT/BTC, SWEAT/USDT, KNC/USDT, OCEAN/USDT, ZIL/BTC, DUSK/USDT, MNA/USDT, VET/BTC, XVG/USDT, DOT/BTC, EGLD/USDT, REP/USDT, NEXO/BTC, SWEAT/USDT, XTZ/USDT, JASMY/USDT, REEF/USDT, ALBT/USDT, DAI/BTC, TREEB/USDT, ATO/BTC, SNX/USDT, TRX/EUR, XRA/USDT, AXS/USDT, FCL/USDT, JASMY/USDT, LEO/ETH, BTC/MXNT, ZRX/ETH, AXS/USDT, BAND/USDT, CHSB/USDT, FET/USDT, SIDUS/USDT, IQX/USDT, COMP/USDT, CCD/USDT, MKR/USDT, VET/USDT, CHSB/USDT, REEF/USDT, STG/USDT, BTT/USDT, CONV/USDT, OMG/ETH, DAI/ETH, EGLD/USDT, FUN/USDT, LUNA/USDT, IDX/USDT, LUXO/USDT, TREEB/USDT, KSM/USDT, TRX/ETH, VEE/USDT, NEXO/USDT, EUT/USDT, IOT/ETH, AIX/USDT, FORTH/USDT, ALG/BTC, 1INCH/USDT, SIDUS/USDT, SENATE/USDT, CONV/USDT, 1INCH/USDT, TRADE/USDT, BFT/USDT, ATO/ETH, CCD/BTC, MNA/BTC, BAL/USDT, MIM/USDT, SXX/USDT, KNC/BTC, TSD/USDT, JST/USDT, MIM/USDT, STG/USDT, STJ/USDT, BAL/USDT, DUSK/BTC, COMP/USDT, B2M/USDT, SPELL/USDT, ZRX/BTC, TRADE/USDT, BTG/USDT, SNT/USDT, LRC/USDT, XTZ/BTC, SENATE/USDT, SPELL/USDT, MOB/USDT, DGB/USDT, CHEX/USDT, AIX/USDT, JST/BTC, BTC/MIM, B2M/USDT, FET/USDT, POLC/USDT, ICP/BTC, WILD/USDT, GNO/USDT, BOBA/USDT, BAT/USDT, WILD/USDT, ETP/USDT, BTG/BTC, KSM/USDT, VSY/USDT, OXY/USDT, VRA/USDT, KAN/USDT, YFI/USDT, ETH/XAUT, ANT/ETH, MKR/USDT, RLY/USDT, AMP/BTC, HEC/USDT, ANT/USDT, TSD/USDT, ROSE/USDT, GNT/USDT, ENJ/USDT, AMP/USDT, AMP/USDT, SXX/USDT, DORA/USDT, VRA/USDT, POLIS/USDT, LUNA/USDT, JST/USDT, KAN/USDT, DORA/USDT, POLC/USDT, ROSE/USDT, UTK/USDT, GRT/USDT, POLIS/USDT, GTX/USDT, SUKU/USDT, MLN/USDT, TLOS/USDT, SUN/USDT, PLU/USDT, BNT/USDT, PAS/USDT, BOBA/USDT, WAX/USDT, BEST/USDT, BTSE/USDT, FTT/USDT, RRT/USDT, ETH/MXNT, ATLAS/USDT, BMI/USDT, DVF/USDT, HEC/USDT, APENFT/USDT, ATLAS/USDT, RLY/USDT, ANT/BTC, USDT/MXNT, SRM/USDT, GXT/USDT, PNG/USDT, TLOS/USDT, CEL/USDT, MIR/USDT, TERRAUST/USDT, WNCG/USDT, ZMT/USDT, FTT/USDT, MIR/USDT, LYM/USDT, WOO/USDT, SHFT/USDT, GXT/USDT, SRM/USDT, OMN/USDT, VELO/USDT, SHFT/USDT, WOO/USDT, TERRAUST/USDT, KAI/USDT, WNCG/USDT, EUT/MXNT, APENFT/USDT, VELO/USDT, CEL/USDT, ZMT/USDT, SUKU/USDT, MXNT/USDT
›› Sign up at Bitfinex here
NOTE: Customers from United States are not allowed to register. Find another broker here.
Screenshots from Bitfinex
Bitfinex Review Published: Monday, 28 Nov 2022 3:09 pm
Last Updated: Friday, 16 Dec 2022 3:08 pm