Bitfinex is a popular cryptocurrency exchange for experienced traders. It offers advanced trading tools. Bitfinex supports 100+ digital coins. We recommend it for professional traders, as it has limited learning tools.
- The Bitfinex exchange has a long track record and a good reputation.
- It offers excellent services for advanced traders.
- It offers 100+ crypto coins, including Bitcoin, Bitcoin Cash, Ethereum, and Ripple.
Bitfinex is a top cryptocurrency exchange launched in 2012. It offers a good selection of digital assets. Bitfinex has a complex interface, which is why it’s a top choice for intermediate and expert traders. The Bitfinex exchange has a transparent fee structure and average costs. Bitfinex is available worldwide, but the following countries aren’t supported:
- United States
Bitfinex is a third-party exchange. It matches cryptocurrency buyers and sellers. To receive access to Bitfinex, you have to create an account. After you fund your account, you receive access to 100+ coins. The main method to deposit funds is by bank transfer.
Users get to hold their digital assets in an account. We recommend withdrawing funds to a private Bitcoin wallet. Check our in-depth reviews for more information on how to store your cryptocurrency.
Bitfinex supports many digital coins. It offers popular cryptocurrencies, including Bitcoin, Ethereum, and Ripple. Other digital coins available at Bitfinex include:
Bitfinex offers different payment methods and trading fees. Depositing funds with a bank transfer comes with a 0.1% fee. If you deposit funds by cryptocurrency, you’ll receive a discount. The standard Bitfinex withdrawal fee is 0.1%. But if you need an express withdrawal, you’ll pay a 1% fee. The Bitfinex trading fees are average and the Bitfinex withdrawal fees are higher than with competitor exchanges.
Regulation & Reputation
Bitfinex doesn’t have a license from a trustworthy regulatory body. It uses top security measures. Bitfinex stores 95%+ of customers’ crypto offline in cold storage. Even though it is easier to store coins on Bitfinex, it might be good to consider other options.
Bitfinex is a popular crypto exchange. Account holders get access to many security measures and Bitfinex services. It uses useful safety measures, including:
- Two-factor authentication
- Cold storage
- IP address whitelists
- DDoS protection
Creating a new account with Bitfinex is simple. You have to pass account verification process and receive access to the trading platform. Trading cryptocurrency is possible up to your Bitfinex account limits.
To set up a Bitfinex account, follow the steps below:
- Access Bitfinex and click on Get Started.
- Submit personal information, including full name and email address.
- Click on Create Account.
- Verify your account.
- Add a payment method and start using your Bitfinex account.
Customer service is the main aspect we review. Bitfinex has average customer service, as it is difficult to reach one of their team members. This exchange offers email support available 24/7. It doesn’t have a live chat or phone support.
Bitfinex Vs. Other Cryptocurrency Companies
Bitfinex is a popular crypto exchange with leading competitors like Coinbase. Crypto traders use many exchanges and digital wallets to receive access to different coins.
Coinbase is a trustworthy crypto exchange. It has an intuitive mobile app and trading platform. Coinbase is the main competitor of Bitfinex. Both exchanges offer excellent services, but they differ in some key aspects:
- Coinbase is a secure exchange to trade with cryptocurrencies.
- It has a beginner-friendly interface and a simple account opening process.
- It offers Coinbase Pro with useful trading features for professionals.
Coinbase is a trustworthy exchange with industry-leading services. All exchanges have strengths and weaknesses. Read our in-depth reviews to learn more about the services available at Coinbase.
Bitfinex is a popular crypto exchange with a useful platform. The Bitfinex platform is a top choice for professionals, as it might be challenging to learn for new traders. The Bitfinex exchange has a versatile portfolio with access to leading digital coins, including Bitcoin, Ethereum, and Ripple. Our Bitfinex review shows it is a top choice for using different trading strategies.
We review cryptocurrency exchanges with real accounts and money. Our results depend on 105 criteria, including licenses, safety, and portfolios.
Is Bitfinex Safe And Legit?
Which Is The Main Competitor Of Bitfinex?
Does Bitfinex Offer A Wallet?
Does Bitfinex Offer An App?
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