Bitfinex Review 2025: Fees, Major Features & Safety HWC

22 Oct Bitfinex Review 2025: Fees, Major Features & Safety HWC

CoinEx offers a staking program for various proof-of-stake cryptocurrencies, including Cardano, Tezos, Polkadot, and Ethereum. By staking your coins on CoinEx, you can earn passive income while supporting the network’s security and operation. The verification process is supported by thorough assistance, ensuring that users can submit the required proof of address and other details with ease.

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However, Bitfinex has faced controversies, including a major security breach in 2016 and various legal issues. It’s registered in the British Virgin Islands, with subsidiaries around the world, and is owned and operated by iFinex Inc. The quality of service is designed to ensure that traders can trade with confidence, knowing they have the backing of a responsive support team.

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The Bitfinex exchange offers its users some advanced order types in addition to market orders, such as limit, stop, and so on. Essentially, it’s a centralized exchange platform where you can buy cryptocurrencies with both fiat and crypto. It lists around 250 coins and tokens and over 400 spot trading pairs. It has a lot of trading options, over 400 spot trading pairs, and strong security features. Even though there are still some better options like Bybit and Binance, Bitfinex is definitely worth checking out.

While its advanced interface and features may be challenging for beginners, they provide powerful tools for those seeking advanced trading tools. The Advanced trading tools available on the platform are designed to offer experienced traders the ability to execute complex strategies and manage trades with precision. Bitfinex stands out in 2025 as a powerful trading platform tailored for professionals, institutions, and high-volume crypto traders. With its deep liquidity, advanced trading tools, and industry-leading security features, it continues to attract serious market participants who demand speed, precision, and control. Bitfinex is a Hong Kong based cryptocurrency exchange founded in 2012 by Raphael Nicolle.

The website has been working since 2012 and has become more and more popular since then. Keep reading the article if you want to know about the service, its history, and understand better how it works. Bitfinex’s derivatives platform provides a toolset for advanced traders seeking to leverage their positions and manage risk.

Top 5 Common Myths About Crypto in Business

The transaction was completed in minutes, and Bitfinex deposits were free. To fund my account, I generated a deposit address by selecting the deposit currency and network. The address included a QR scanning feature to prevent typos but lacked a “copy” button. Join Bitfinex through the FXempire.com link and earn up to 38% in trading fee rewards! 🔐 Hacked in 2016, but later enhanced security with a multi-layered system and a bug bounty program offering high rewards. If you have experience trading with Bitfinex please share your personal review of the broker and what you think are strong and weak points.

It has small fees, a wide belt of financial and analytical tools, and is currently very secure, too. The platform offers many different trading tools, such as Market, Stop, and Trailing Stop orders, futures, and securities trading. Its native integration with TradingView makes it possible to perform price analyses without leaving the platform. Additionally, the system automatically detects address typos, preventing transactions to non-existent wallets. Buyers typically face higher fees as they’re perceived to remove liquidity from the market, while sellers, contributing liquidity, encounter lower fees. Notably, no trading fees apply to large orders processed through the OTC desk.

• Bitfinex offers even more discounts for holders of Unus SEO LED, the platform’s native token.
• However, these options are available only to users with the verification status “Intermediate” or higher.
• Bitfinex boasts one of the deepest order books in the crypto industry, particularly in BTC/USD and ETH/USD pairs.
• Additionally, it has achieved SOC 2 Type 2 compliance for adherence to high security standards.
• The information about a specific cryptocurrency exchange or trading platform in reviews and guides may differ from the actual provider’s website.
• The platform offered a QR scanning feature and the option to select a destination from the address book.

Similar to many cryptocurrency exchanges we’ve tested, Bitfinex operates on a self-service model for account management. The proprietary web platform provides essential tools for technical analysis – ideal for day trading. However, for those new to cryptocurrency trading, the experience might initially seem daunting compared to platforms like eToro or Kraken. 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. Additionally, balances exceeding $10,000 in LEO tokens unlock further percentage discounts, personalized to account balance. 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.

This chain of unpleasant events is a reason why many traders stay away from this website. However, the company has already proven to support its clients in case something goes wrong (even if sometimes it takes a lot of time). Cryptocurrency traders using Bitfinex have a unique opportunity to trade with 3,3x leverage via the P2P (Peer to Peer) trading website.

Bitfinex uses a tiered fee model based on 30-day trading volume, offering competitive rates across its product suite for active traders. They are a reliable cryptocurrency exchange, boasting several security features and even reimbursing users after the platform was hacked. They also offer users opportunities to earn passive income through staking and lending options. Its 10x margin trading functionally can help you maximise your profits. This exchange is a great choice if you’re after an advanced trading platform with tools you can use to implement original trading strategies. Bitfinex may not be very user-friendly for beginners due to its complex interface and sophisticated trading features.

Other exchanges might be ideal if you’re a beginner or prioritize asset insurance. The exchange offers advanced trading features such as margin trading, Lending, borrowing, Staking, and advanced order bitfinex review types. It is known for its high liquidity and attracts large traders and institutions. Bitfinex offers a complete package of trading features designed to cater to the needs of experienced cryptocurrency traders and institutional investors.

Fees on Bitfinex

Bitfinex maintains stability during extreme market conditions, a feature underscored during market crunches where other platforms may falter. These features make having a Bitfinex account actively trading on this powerful and customizable trading platform highly advantageous. In 2016, Bitfinex suffered an exchange attack that led to the loss of approximately 120,000 Bitcoin tokens worth $623 million at the time of the hack. While the withdrawal fee for bank wire transfers is the same as the deposit fees, crypto withdrawals are charged at fixed rates.

Bitfinex Deposit Withdrawal and Deposit Fees

Bitfinex offers a wide range of trading tools tailored for expert traders, though, in my opinion, the variety may feel overwhelming for beginners and casual users. However, the standard layout made navigation easier after a few interactions. The staking tool is ideal for long-term investors looking to earn passive income, while the robust API library provides valuable trading data for those utilizing advanced algorithms. The platform offers a comprehensive API library with high-frequency trading strategies that can be backtested using the Honey Framework. The API also provides access to detailed trading data for enhanced analytics, while users can protect their funds with industry-standard security measures.

• Bitfinex also provides a non-expiring demo account for paper trading, offering a risk-free environment that allows you to practice buying, selling, and developing strategies in simulated live markets.
• Bitfinex supports a limited selection of fiat currencies and may not be ideal for users in certain regions.
• However, it lacks asset insurance, has a complex interface suitable for experienced traders, and doesn’t offer phone support.
• The risk of making a mistake is much lower while using one of these websites.

Best Crypto Exchanges

Typically, transactions involving cryptocurrencies, stablecoins, and fiat currencies incur a maker fee of 0.10%, and a taker fee of 0.20%. For derivative transactions, the maker fee drops to 0.02%, with the taker fee at 0.065%. There have been several major emergency events in the company’s history. Another event was connected to the adverse interference of Wells Fargo. After this time, it has been impossible for US citizens to use Bitfinex for the exchange. The company lost access to 850,000 million worth of the clients’ funds.

In return, I received weekly interest payments, the amount of which varied depending on the asset. In this section, we will cover customer support offered by Bitfinex and analyze reviews of previous users. It is undoubtedly positive that Bitfinex provides every person who has an account with a knowledge base and a support team who is always ready to help and answer your questions. To understand how good Bitfinex employers are doing their job and maintain the level of clients’ satisfaction, you can have a look at the Trustpilot score page. If you are a taker, expect fees for exchanges to start from 0,2 percent.

Each option varies in terms of available cryptocurrencies (new additions regularly), identity verification requirements, fees, and processing times. For example, credit/debit card purchases are typically instantaneous, while purchases through happyCOINS require a minimum of €50. It is a Bitfinex review, so we will not go into details about the legal status of crypto trading in every country. In general, most countries’ governments have not banned the selling and purchasing of Bitcoin. It is common that trading Bitcoin is legal, but there is a banking ban. Banking bans also exist in Bangladesh, China, Colombia, Canada, and many more.

While trading on Bitfinex, I verified that the actual fees charged matched those listed on the platform. This demonstrates that the platform is transparent about its fee structure and does not have any hidden charges. Additionally, we also compare these fees with industry standards to give a thorough perspective on each exchange’s affordability. 💳 Smaller fiat deposits are available through OpenPayd, with a flat fee of €5/£5 per wire. The functionality of Bitfinex Mobile is mostly identical to the desktop version. However, its interface is neater, which makes the app more beginner-friendly.

During my tests, I particularly appreciated the convenience of the trading interface and the clear portfolio structure. Bitfinex provides a standard order book that displays all open buy and sell orders, including the asset amount, price, and the number of orders at the same value. It also features a book-depth visualization in the background, with a zoom function for detailed analysis.