Bitfinex Review 2025: Fees, Safety, and Features

Still, my experience with Bitfinex unveiled a somewhat intricate fee setup influenced by factors such as my 30-day trading volume and holdings of Bitfinex’s proprietary cryptocurrency, LEO. However, it’s important to distinguish crypto exchange fees from those of traditional brokers. With staking, I deposited my chosen cryptocurrencies (currently supporting 10 coins) into my Bitfinex account.

What Users Like

Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. However, traders should be aware of the platform’s history of security breaches and legal challenges, which may affect their decision to use it for day trading. These resources encompass tutorials, articles, and guides covering a wide array of topics, including cryptocurrency basics, trading strategies, market analysis, risk management, and platform navigation. However, for those new to cryptocurrency trading, the experience might initially seem daunting compared to platforms like eToro or Kraken. Typically, transactions involving cryptocurrencies, stablecoins, and fiat currencies incur a maker fee of 0.10%, and a taker fee of 0.20%.

Deposit Funds

It has small fees, a wide belt of financial and analytical tools, and is currently very secure, too. If you’re an experienced trader with a varied portfolio of crypto assets, and you know the ins and outs of the industry, sure – Bitfinex could be a great option. You can easily calculate your fee discount on Bitfinex by entering your trading volume and the amount of Unus SEO LED tokens you hold. Bitfinex offers even more discounts for holders of Unus SEO LED, the platform’s native token.

BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. In general, Bitfinex is aimed at professional traders more than beginners, and the features on the site showcase that quite well, too. Has a great platform, tons of options for trading

Strong Security Measures

• This structure incentivises liquidity provision while maintaining flexibility for institutional and algorithmic traders.
• These services include margin trading, derivatives trading, advanced charting tools, over-the-counter (OTC) trading, and paper trading.
• However, after completing a few trades and becoming more familiar with the platform, the process became much smoother.
• However, users can decide on the level of information they want to share with Bitfinex by choosing any of the three levels of verification on the cryptocurrency exchange.
• During my tests, I particularly appreciated the convenience of the trading interface and the clear portfolio structure.
• Our unique methodology provides a clear view of fee structures and how they benefit traders of all levels.

It may not be suitable for traders using other order types like Take Profit or wishing to exchange large amounts via Iceberg orders. To ensure accuracy, the exchange flagged any typos in the wallet address, preventing the withdrawal until corrected. Users could choose to pay the fee separately or deduct it from the withdrawal amount. The trading interface follows standard industry layouts, which experienced traders will find easy to navigate. I tested the desktop version of Bitfinex and found it offers a few additional tools not available on the mobile app, though most features are similar. After generating a deposit address for my Exchange account, I could start trading immediately without additional transfers.

Is Bitfinex a good cryptocurrency exchange platform?

However, this option may only be suitable for large-volume traders, as the minimum withdrawal amount equals $10,000. During my tests, I exchanged all my funds for USDT and withdrew them to a wallet on BitMart via the Polygon network. The platform also distinguishes between withdrawal options for Tether tokens like USDT and EUR and for BTC via the Lightning network. Bitfinex offers a P2P trading service that connects local buyers and sellers.

Complete KYC Verification

Bitfinex has made significant strides in establishing itself as a secure and reliable trading platform, particularly after its 2016 hack. Traders can benefit from margin funding discounts and volume-based reductions, making Bitfinex an appealing platform for active derivatives users. It’s best suited for experienced traders who are comfortable with technical interfaces and high-stakes trading environments. Bitfinex has built a reputation as a feature-rich platform for seasoned traders.

Supports Fiat Currencies

Similar to Changelly and BitMart, Bitfinex supports integration with Simplex and Mercuryo, which enable deposits from a bank card. Bitfinex enables direct fiat deposits via bank transfer. 🚀 No traditional launchpad, but new listings are announced on the platform’s Announcements page.

Security & Transparency

Please note that fees and available methods may vary by country. Discounts are available to high-level users and to holders of LEO, the platform’s native token. Bitfinex uses the same Maker-Taker fee method for derivatives trading. The fees charged by Bitfinex are considerably lower than the industry average. Our unique methodology provides a clear view of fee structures and how they benefit traders of all levels.

• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• Bitfinex provides 24/7 support, but relies on bots and email, making it less competitive than other exchanges.
• Additionally, we also compare these fees with industry standards to give a thorough perspective on each exchange’s affordability.
• Register new account on Bitfinex now to get discounts on all your trading fees and enjoy other exclusive rewards!
• However, concerns over transparency regarding reserves may prompt caution when holding significant amounts of Tether in your account.

Trading Test

Bitfinex supports a limited selection of fiat currencies and may not be ideal for users in certain regions. For users who want to secure profits without cashing out crypto, Bitfinex offers a variety of stablecoins like USDT, TUSD, PAX, CELO, etc. Bitfinex offers a modest selection of assets for an exchange established in 2012.

Many crypto sites are going to offer users a single trading option – market orders. Having said that, though, it’s worth pointing out the fact that Bitfinex wasn’t always considered to be “an amazing crypto trading platform”. In addition to that, it also provides a lot of advanced tools like margin trading and different market orders, making it a solid choice for experienced traders as well. While its fees are competitive, especially for high-volume traders, newcomers may find it complex. It has a lot of trading options, over 400 spot trading pairs, and strong security features. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

If you are a new user who is worried about the security and safety of your funds, you don’t have to worry. Here are some features it uses to safeguard customer funds and data. While highlighting step-by-step instructions on how to open a new account to trade crypto on Bitfinex. These services include margin trading, derivatives trading, advanced charting tools, over-the-counter (OTC) trading, and paper trading.

Specializing in crypto exchanges, Tyler has extensively analyzed and reviewed platforms like Binance, BingX, and Bybit, offering detailed evaluations based on fees, security, and user experience. We compare these exchanges based on their trading fees, security measures, ease of use, KYC requirements, basic and advanced tools, and other factors. Bitfinex is an advanced trading platform and one of the longest-standing cryptocurrency exchanges in the industry. Bitfinex stands out for its low trading fees and a range of advanced trading options, including margin trading, derivatives, and an array of crypto pairs, making it a versatile platform for seasoned traders. You must complete verification to access most of its advanced features, including fiat deposits, withdrawals, and advanced trading options like Margin Trading and Margin Funding. Bitfinex Margin Funding is a peer-to-peer lending platform where users can lend their cryptocurrencies to other traders for margin trading.

Why is it so hard to reach the support team?

In the world of crypto exchanges, you’ll often come across a term called “trading pairs”. The Bitfinex exchange offers its users some advanced order types in addition to market orders, such as limit, stop, and so on. Most of the cryptocurrency exchange platforms on the market try to achieve the opposite – cater to crypto newbies and make their services as approachable and simple to use as possible. While this platform is kind of easy to use, it’s also no secret that it’s mainly aimed at professional traders with its extensive advanced features. It’s a versatile platform for seasoned traders and advanced trading options, multiple order types, and over 400 trading pairs. Bitfinex is a feature-rich cryptocurrency exchange, ideal for professional traders.

Bitfinex is not the best choice for beginners due to its complex trading interface and advanced features, which can be overwhelming bitfinex review for those new to cryptocurrency trading. Bitfinex offers a range of features suitable for day trading, including a powerful trading platform complete with advanced charting tools and deep liquidity. I’ve also encountered some inconvenience having to leave the trading platform and navigate to the exchange’s main website for live chat support for more urgent issues – not ideal if you’re day trading crypto. Similar to many cryptocurrency exchanges we’ve tested, Bitfinex operates on a self-service model for account management. Maintaining a minimum of $5,000 worth of LEO coins garners a 25% discount on taker fees for cryptocurrency and stablecoin trades, along with a 10% discount on fiat trades. His comprehensive rankings of crypto exchanges have become a trusted resource for traders seeking unbiased, actionable advice.