Review of Bitfinex

Bitfinex is a well known crypto broker that supports over 100 cryptocurrencies and several major pairs for trading. Its advanced tools make it a particularly strong option for experienced crypto traders.
By: Charlie Hancox
Charlie Hancox
Charlie is a Financial Writer for Invezz. He covers commodities, cryptocurrencies, and breaking news. Prior to joining Invezz he helped grow… read more.
Updated: Jan 24, 2022
3.5/5 Star rating
16 min read
Visit site & Sign up

The Bitfinex trading platform primarily caters to intermediate and experienced traders with its advanced trading options and API customization access. For investors with prior crypto experience, it could be a good way to take things to the next level. 

Pros & Cons


Wide range of supported cryptocurrencies
Free demo account
No deposit or withdrawal fees


What can I do with Bitfinex?

Bitfinex offers an advanced crypto trading suite, access to person-to-person (P2P) financing, and crypto derivatives trading on margin.

Bitfinex’s exchange includes advanced order types, such as limit, conditional and scaled orders. Paper trading, which allows you to test out your trading strategies in a simulated market environment, and even graphical charting with custom price alerts and visual annotations.

The crypto broker was initially founded in 2012 by Raphael Nicolle and its operations are now based in Switzerland.

Bitfinex cryptocurrencies and trading options

What cryptocurrencies can you trade on Bitfinex?

Bitfinex offers access to a wide range of coins via its exchange, including Bitcoin, Ethereum, Litecoin, Ripple, EOS, and over 100 other altcoins and tokens.

Major cryptos traded on Bitfinex

  • Bitcoin
  • Tether
  • Ethereum
  • Litecoin
  • XRP
  • EOS
  • Monero
  • Tezos
  • Filecoin
  • DASH
  • Bitcoin SV
  • Bitcoin Cash
  • Zcash
  • Uniswap
  • NEO
  • Ethereum Classic
  • LEO Token
  • Tron
  • Cardano
  • Stellar

Bitfinex core currency pairs


All Bitfinex trading options

Bitfinex offers crypto, pairs, and derivatives trading options. See the table below for the full range of available instruments.

Crypto pairs323
Bitcoin futures1
Ethereum futures1
Other futures12
Discover all trading options >

Can I trade with leverage on Bitfinex?

Yes, Bitfinex enables leveraged trading up to 5x through its peer to peer margin funding platform. Simply enter an order to borrow the amount of funding at the rate and duration you desire.

Product Maximum leverageMargin
Individual cryptocurrencies1:520%
Bitcoin futures1:520%
Other futures1:520%
View all leverages >

What are the spreads?

Similar to other derivatives brokers, Bitfinex charges fixed maker and taker fees on every transaction. These fees will depend on your 30 day trading volume and start from 0.00% on the maker side to 0.20% on the taker end.

Fees, limits, and payment options on Bitfinex

What are the deposit and withdrawal fees, limits, and speeds?

At this time, Bitfinex offers deposits and withdrawals via cryptocurrency, bank transfer, and debit/credit card by way of the OWNR and Mercuryo payment processors. 

This limited assortment of payment methods is below industry standard, as most brokers will usually have a debit/credit card, bank transfer, online payment provider, and even e-wallet option.

Payment methodDepositWithdraw
– min/max
– fees
– speed
Variable (coin specific): free to 0.0004 BTC
Bank Transfer
– min/max
– fees
– speed
0.10% (minimum of $60)
24 hours
0.10% (min. of $60)
1-2 business days
Debit/Credit Card
– min/max
– fees
– speed
$7 minimum
$7 minimum
Explore all payment methods >

How much are Bitfinex’s fees and commissions?

Bitfinex applies maker and taker trading fees on every transaction in lieu of commissions or spreads. There are also borrowing costs on margin loans undertaken through the P2P funding exchange.

Fee typeFee amountCommission
Crypto trading0.10%-0.20% None
Crypto futures0.02%-0.07%None
Bitfinex Borrow15.0% (of the fees generated by active margin funding contracts)
Find out all fees >

Bitfinex trade sizes and limits

Bitfinex minimum order size automatically adjusts on a weekly basis, while always keeping the minimum between $10-25 USD. This is fairly standard as far as crypto brokers go.

ProductMinimum tradeMaximum trade
Crypto futures$10None
Find out all trade sizes and limits >

Bitfinex trading platform

What devices can I use Bitfinex on?

You can use Bitfinex to buy and sell from almost any device, including from its mobile app which launched in 2019 and is available for both iOS and Android devices.

  • PC
  • Laptop
  • Android mobile and tablet devices
  • iOS mobile and tablet devices

Can I use Bitfinex in my country?

Bitfinex is accessible globally, including in the UK, France, and Spain. Select your country from the list below to see if it is available where you reside.

Is Bitfinex available in my language?

Bitfinex currently only offers support in a few languages, including English, Russian, Chinese, Japanese.

How easy is it to use Bitfinex?

Bitfinex offers an easy to navigate crypto trading platform with institutional-grade connectivity, and top flight security features like two-factor authentication (2FA), encrypted email communication (Open PGP), and withdrawal protection.

Bitfinex’s Help Center section has a Getting Started subsection with a complete beginner’s guide to the platform and all of its features.

Similarly, transitioning from the desktop to the mobile app is seamless with both iOS and Android versions that adapt the full functionality of the platform to an on-the-go experience. You can view open positions, order history, and place trades with the touch of a button.

Key features

Bitfinex offers a full suite of trading features and other tools, including the following:

Honey Framework

Create completely custom order types and event-driven automated trading strategies easily without any coding knowledge, through a configurable user interface.

Bitfinex Terminal

Complete market research and advanced price action data suite.

Coin Staking

A soft-staking program that allows you to easily generate rewards by simply holding your digital tokens on Bitfinex.

Security and regulation

Is Bitfinex safe?

Yes, almost all funds are stored in offline, multi-signature cold wallets, with only 0.5% of crypto assets accessible via hot wallets for day-to-day platform operation.

Additionally, Bitfinex protects its platform from attacks through automatic Distributed Denial of Service protection to prevent trading being halted by outside attacks.

Am I and my cryptocurrency protected?

Bitfinex is not regulated by any financial regulator or insured by a third-party. This means that apart from the best practices and security measures it has put in place, your funds are not guaranteed from loss.

Do I have to verify my account with Bitfinex?

Yes, verification is required for users wishing to deposit/withdraw fiat currencies (USD), for selected coins, (e.g. LEO, OKB, USDK), but not for trading. 

Verification requires two pieces of government issued ID (one primary photo ID and a secondary piece displaying your current address such as a utility bill). Account verification currently takes 2-3 business days.

Extra information

Educational resources 

Bitfinex’s Help Center offers complete “getting started” “trading & lending” and “api documentation” guides. It also provides FAQ’s for virtually all features like deposits/withdrawals, margin trading, fees, and more.

Bitfinex also dedicates its blog to new feature announcements and tips on how to get the most use out of existing ones.

Tools and charting

Bitfinex’s platform has a lot to offer both novice and professional traders alike. From basics like being able to place different order types and margin trading to more advanced features such as scaled orders and automated trading, it offers something for every kind of trader.

Its advanced charting capabilities also allow you to annotate charts, modify order properties, and create custom price alerts.

Customer support

Bitfinex doesn’t provide any phone or live chat support, instead you can submit a ticket through an online contact form by going to the “Contact Us” page.

While there aren’t many reviews of Btfinex’s support available online, some on online forums have noted that it can “take awhile” to get your issue resolved.

Our verdict

Bitfinex is a digital asset trading platform that is well suited for both beginner and advanced traders. It gives you the option of margin trading, crypto lending, and professional accounts.

Its trading platform is easy to use and even if it wasn’t, Bitfinex furnishes plenty of how-to guides and tutorials to help guide you through it all. The security features like advanced verification tools, multi-factor authentication, and offline, cold wallet storage are some of the most comprehensive that we have seen.

Together with all of its other attributes, it is almost a complete offering save for its lack of customer support options and its history of prior hacks and persistent problems with correspondent banks and payment processors.

How to buy and sell cryptocurrency on Bitfinex

How to buy crypto on Bitfinex

  1. Log in to your account
  2. Go to the Trading page and choose the coin you want to buy
  3. In the Order Form select the Exchange tab. Then you will need to specify the type of order, order size, and the price
  4. Click the “Exchange Buy” button
  5. Your order will be processed and appear in the Orders tab

How to sell crypto on Bitfinex

  1. Log in to your account
  2. Go to the Trading page and choose the coin you want to sell
  3. In the Order Form select the Exchange tab. Then you will need to specify the type of order, order size, and the price
  4. Click the “Exchange Sell” button
  5. Your order will be processed and appear in the Orders tab
Who owns Bitfinex?
How does Bitfinex make money?
Do I have to pay tax on Bitfinex profits?
How do I delete my Bitfinex account?
How can I short on Bitfinex?
What if I forget my account password?
Can I transfer from my Bitfinex account into my PayPal account?
What if Bitfinex closes down while I have open trades?
Can I access my full trading history on Bitfinex?
Can I pay in cryptocurrency with Bitfinex?
Does Bitfinex offer bonuses?
How do I transfer from Coinbase to Bitfinex?
Is Bitfinex anonymous?
Does Bitfinex have an integrated wallet?
How do I withdraw from Bitfinex?
Has Bitfinex ever been hacked?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial Writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.

More broker reviews