Bitfinex is a leading cryptocurrency exchange offering a comprehensive platform for trading, investing, and exchanging digital assets. Founded in 2012, it has gained popularity among professional traders due to its advanced features and high liquidity. The exchange supports a wide range of cryptocurrencies and financial instruments, along with robust market analytics. As of recent data, Bitfinex handles a daily trading volume equivalent to approximately 45,000 BTC.
Bitfinex Crypto Exchange Ranking
| Category | Score |
|---|---|
| Total Score | 8.9 |
| Commissions | 9 |
| Security and Regulation | 9 |
| Markets | 10 |
| Passive Income | 9 |
| Account Opening | 9 |
| Deposit and Withdrawal | 8 |
| Trading Platforms | 7 |
| Analytics | 3 |
| Education | 0 |
| Customer Support | 8 |
| Bonuses | 8 |
Bitfinex Pros and Cons
Pros
- Wide selection of digital assets
- Over 49 technical analysis tools
- High liquidity
- Two passive income options (staking and margin financing)
- Advanced account security features
- User-friendly mobile applications
Cons
- High minimum deposit in fiat currency ($10,000)
- No Stop-Loss or Take-Profit options
- Limited analytics presentation
Basic Information
| Feature | Details |
|---|---|
| Name | Bitfinex |
| Website | www.bitfinex.com |
| Exchange Type | Centralized |
| Regulation | No formal regulator |
| Taker Commission | 0.2% |
| Maker Commission | 0.1% |
| Demo Account | Yes |
| Minimum Deposit | $10,000 (fiat), $5 (cryptocurrency) |
| BTC Withdrawal Limits | Minimum $5 equivalent; no maximum limit |
| USD Withdrawal Limits | $10,000 per transaction |
| Leverage | Up to 10x |
| Markets | 328 cryptocurrency spot pairs; derivatives available |
| Passive Income Options | Staking, referral program |
| Customer Support | English, Russian, Chinese |
| Withdrawal Fee | Varies by cryptocurrency; 0.1% for fiat |
Bitfinex Commissions and Fees
Bitfinex employs a flexible fee structure based on 30-day trading volumes and token holdings. Key highlights:
- Trading Fees: Reduced rates for high-volume traders.
- Non-Trading Fees: 0.1% deposit fee for fiat (minimum $60); withdrawal fees vary by asset.
- Margin Financing: Interest charged per second; 15% commission on returns.
Average Commission Comparison
| Exchange | Taker Fee | Maker Fee |
|---|---|---|
| Bitfinex | 0.2% | 0.1% |
| Binance | 0.06% | 0.05% |
| HTX (Huobi) | 0.09% | 0.08% |
👉 Compare trading fees across top exchanges
Reliability and Regulation
Bitfinex is owned by iFinex Inc., registered in the British Virgin Islands. Despite past security breaches, the platform has enhanced its safeguards:
- Mandatory two-factor authentication (2FA)
- Cold wallet storage for 99.5% of funds
- DDoS attack protection
Markets and Products
Bitfinex offers 328 cryptocurrency pairs, including major assets (BTC, ETH) and altcoins. Derivatives and futures trading are also available.
Market Diversity
| Asset Type | Bitfinex | Binance | HTX (Huobi) |
|---|---|---|---|
| Cryptocurrencies | 174 | 395 | 584 |
| Trading Pairs | 377 | 1,682 | 1,135 |
| Futures/Options | Yes | Yes | Yes |
| NFT Trading | No | Yes | Yes |
Passive Income Options
Staking
Supported coins: EOS, Tezos, Algo, TRX, Atom, VSYS. Average returns: 2–10%.
Margin Financing
Lend funds to traders and earn interest. Minimum loan: $50.
Account Opening
Step-by-Step Guide
- Sign up on the Bitfinex website.
- Complete email verification.
- Enable 2FA and submit KYC documents.
- Deposit funds to start trading.
Verification Requirements
- Individuals: ID, proof of address, bank statement.
- Corporates: Business documents, authorized signatory details.
Deposit and Withdrawal
- Cryptocurrency: No deposit fees; withdrawals vary by asset.
- Fiat: 0.1% fee; $10,000 minimum deposit/withdrawal.
👉 Learn more about funding options
Trading Platforms
Web and Mobile Features
- Order Types: Limit, market, stop, trailing stop, etc.
- Charts: TradingView integration with 49+ indicators.
Platform Comparison
| Feature | Bitfinex | Binance | HTX (Huobi) |
|---|---|---|---|
| Web Platform | Yes | Yes | Yes |
| Mobile App | Yes | Yes | Yes |
| Desktop App | No | Yes | Yes |
FAQs
1. What is the minimum deposit on Bitfinex?
- Cryptocurrency: $5 equivalent.
- Fiat: $10,000.
2. Is Bitfinex regulated?
Bitfinex operates without formal regulation but implements strict security measures.
3. Can I earn passive income on Bitfinex?
Yes, through staking and margin financing.
4. Which countries are restricted?
Cuba, North Korea, Iran, Syria, Crimea, and Venezuela.
5. How long does verification take?
Basic: Minutes. Full: 2–3 business days.
6. What are Bitfinex’s trading fees?
Taker: 0.2%; Maker: 0.1%. High-volume traders qualify for discounts.
Final Verdict
Bitfinex excels in liquidity and advanced trading tools but lacks educational resources and has high fiat deposit requirements. Ideal for professional traders seeking a robust platform.
For alternatives, explore 👉 top crypto exchanges.