Bitfinex is a controversial cryptocurrency exchange that has been able to survive and move past all criticism. It is still one of the most popular exchanges in the world and continues to provide high liquidity and a wide variety of trading options to customers. When it comes to derivatives fees, the maker rebate starts at -0.02% and taker fee at 0.075%, which is quite standard among all cryptocurrency exchanges. The trading interface is beginner-friendly and you can easily switch between spot trading, derivatives or funding. Bitfinex does offer the possibility to short and has a 0.1% maker fee and a 0.2% taker fee for new users. The schedule plan goes as low as 0% maker fees and 0.055% taker fees but you would need to trade $30 billion or more within 30 days.

Bitfinex review – Full Overview of Bitfinex Crypto Exchange

In addition to the services above, Bitfinex exchange has an affiliate program that rewards new users for joining the cryptocurrency exchange. Besides the standard reward, you can unlock additional discounts on trading fees as your 30-day trading volume increases. Bitfinex started as a peer-to-peer trading platform for Bitcoin in its early phase, but now has become a fully functional platform that offers various trading related services for hundreds of crypto assets. In this article, we will review the features and working of Bitfinex exchange and how what sets it apart from other crypto exchanges.

OTC-Over the Counter Services

• As with any exchange, it’s important for users to conduct their own due diligence.
• We focus on the essentials and potential savings through native tokens and various discount schemes.
• In 2025, the platform continues to hold a strong position in the global crypto trading market, offering a robust suite of tools for both retail traders and institutional clients.
• Bitfinex customer support works as a ticketing/email system and the exchange provides users with an extensive FAQ section and knowledge base.
• However, the platform lacks Proof of Reserves and does not offer insurance for customer deposits.

In conclusion, Bitfinex has proven itself to be a versatile and user-friendly cryptocurrency exchange that offers an extensive range of features, trading options, and digital assets. Bitfinex offers users access to over 250 cryptocurrencies and more than 400 trading bitfinex review pairs, providing a wide range of options for traders. The platform has extensive and advanced functionality features, and it also supports fiat deposits in five different currencies (USD, EUR, GBP, JPY, and CNH).

• Bitfinex is registered in the British Virgin Islands as a cryptocurrency exchange.
• Headquartered in Hong Kong, it has weathered various market cycles and challenges to retain a loyal user base.
• And fees of cryptocurrency withdrawal vary depending on the cryptocurrency.
• Additionally, I submitted a ticket inquiring about the platform’s general security measures and whether customer assets were insured.

Bitfinex Review: Security

You can quickly transfer funds between these wallets using Bitfinex’s quick transfer feature. However, it is essential to note that the more advanced wallets are not readily available to everyone. Depending on your account verification level and jurisdiction, specific requirements or limitations apply to using the Derivative and Capital Raise Wallets. Bitfinex offers an OTC desk for large volume traders which provides a platform for direct transactions between parties without impacting the public order book. Your use of any third-party websites linked from this site is at your own risk. We may receive compensation from our affiliate partners, but we do not guarantee or accept responsibility for the accuracy, relevance, or quality of the services or products offered by third parties.

Bitfinex Withdrawal Fees

Finally, to achieve the Full verification level, you should provide a bank statement and all the information required for the Intermediate level. Bitfinex approaches the pressing issues of money laundering and terrorism financing with a robust Know Your Customer (KYC) policy, a common practice among many exchanges. Among the bigwigs of the exchange world, Bitfinex proudly claims the 8th spot. This makes it a prime candidate for automated trading, even when dealing with hefty volumes. Traders can breathe easy, knowing that liquidity won’t play hard to get when they let their trading bots loose.

When it comes to withdrawing from your Bitfinex account, fees are contingent upon the specific cryptocurrency being withdrawn and the chosen withdrawal method. These fees can range from minimal to relatively steep, depending on your preferences. A forthcoming table will outline the withdrawal fees for each currency and method, allowing you to make informed decisions when utilizing Bitfinex’s withdrawal options. When comparing Bitfinex vs competitors, it’s much like deciding between chocolate and vanilla ice cream – personal preference is key.

To ensure the highest level of security for both assets and private information, the platform has implemented multiple layers of protection. These include two-factor authentication (2FA) and Universal 2nd Factor (U2F). The exchange also allows traders to predict the price of a derivative without the need to buy or sell it. You can collateralize your derivation account with USDT holdings if you want to execute a trade. Before we proceed, all the best alternatives to Bitfinex offer new users discounts and exclusive rewards when they register using a current referral code.

In addition to crypto-to-crypto pairs, Bitfinex supports trading against multiple fiat currencies such as USD, EUR, GBP, and JPY. This versatility makes it suitable for global traders who need both crypto and fiat trading options. Though Bitfinex services are primarily for professionals, beginners can use the exchange trading interface to trade and practice with paper trading accounts. But, with its advanced trading tools, Bitfinex is more suitable for experienced users than first-time users. And most of the security measures of Bitfinex are not transparent, making an assessment of its security level difficult. If you are a new user, check out our other exchange blog reviews on our website to get better clarity about crypto exchanges and the cryptocurrency world.

To better understand the Bitfinex trading platform, you can create two separate accounts – one with real money and the other a Bitfinex demo account. A Bitfinex demo account provides a risk-free environment for experimenting with the Bitfinex platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Bitfinex trading decisions. Beginners and inexperienced traders must take the time to learn how to use the Bitfinex trading tools properly. Bitfinex has worked diligently to improve its cybersecurity measures and create a secure environment for its users.

Bitfinex allows trading in a variety of cryptocurrencies as well as fiat currencies. Users can trade in major cryptocurrencies like Bitcoin, Ethereum, and many others, alongside fiat currencies such as the US Dollar, Euro, and the Japanese Yen. For certain levels of trading and withdrawal limits, Bitfinex requires users to complete a KYC verification process. Over the years, they have implemented numerous security measures, including advanced security protocols and additional safeguards to protect customer funds and assets. Founded in 2012, Bitfinex has risen to become one of the significant players in the cryptocurrency exchange landscape.

This helps you manage the risk while optimizing your average entry or exit price. Currently, Bitfinex supports a variety of Proof-of-Stake (PoS) tokens, which include Tron (TRX), Tezos (XTZ), Solana (SOL), Polygon (MATIC), Cardano (ADA), Polkadot (DOT), and Ethereum (ETH). The staking rewards vary by token, which goes up to 6.5%, depending on specific crypto and network conditions. Bitfinex refers to itself as “The Original Bitcoin Exchange” with around 2 million users worldwide.

But while these features benefit experienced traders, they may pose a challenge for newcomers to the world of cryptocurrency trading. In our review of spot fees, we examine spot fees across three distinct tiers, focusing on the fees for different trading volumes. We focus on the essentials and potential savings through native tokens and various discount schemes.