Bitfinex Review 2025: Fees, Safety, and Features

Moreover, the platform has a peer-to-peer feature called Bitfinex Borrow, allowing traders to borrow funds from each other using their cryptocurrencies as collateral. Bitfinex makes trading cryptocurrencies a breeze thanks to its user-friendly design and exceptional features. You can also customize all features and options to enhance your trading experience.

Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism. Bitfinex’s Privacy Statement provides a comprehensive overview of how the platform collects, uses, shares, and protects personal information. Users should be aware of the specific practices and policies outlined to understand how their data is managed and what rights they have regarding their personal information. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. bitfinex review Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Bitfinex features

Demo trading accounts like the Bitfinex demo account can help individuals to make informed decisions before investing their money. Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. The best alternatives to Bitfinex are Coinbase, Binance, and Crypto.com.

• With a demo account and an intuitive interface that is easy to navigate, Bitfinex has become popular among new adaptors.
• They stole their private keys and drained over 20 tokens, such as Shiba Inu and Binance Coin.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• The Bitfinex team did resolve and answer our queries, but the email support from Bitfinex was overall average compared to other brokers we have tested.
• The platform supports Tether (USDT), an unofficial quasi-fiat token pegged to the US dollar’s value.
• With Negative balance protection, traders cannot lose more money than they have deposited.

BitMart charges a flat 1% trading fee for buying and selling NFTs. This fee will be applied to the total value of your trade, so if you are purchasing an NFT for $100, you’re looking to pay a $1 fee. On top of that, a royalty fee is generally paid to the original creator of the NFT each time their piece is resold. Unlike its competitors, the platform offers the ‘Scaled Order’ tool for repeatedly entering multiple orders. It helps automate the process and allows users to focus on their trading strategies rather than manually entering orders. Thanks to its brilliant interface, creating an account on Bitfinex is a breeze.

Keeping your crypto secure

But remember, tiered discounts don’t apply here for futures traders, you just pay flat fees. There’s a funding rate every 8 hours to balance out longs and shorts, but that’s trader-to-trader and not a fee charged by BitMart. While it faced the second-largest cryptocurrency hack in history, it has since repaid all involved users, showing its trustworthiness.

But before we discuss how they recovered from several attacks and improved their security, let’s examine the large-scale hack they encountered in 2016. In that hack, 119,756 Bitcoins, worth about US$72 million at the time, were stolen. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Verification can help ensure real people are writing the reviews you read on Trustpilot.

• 💳 Smaller fiat deposits are available through OpenPayd, with a flat fee of €5/£5 per wire.
• The combination of this user-friendliness and diversity of features makes the exchange suitable both for experienced traders and novices.
• My tokens were my property, and Bitfinex should not have the right to erase them.I strongly advise against using this platform if you care about the security of your funds.

impossible to connect and withdraw

Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. P2P means you purchase crypto directly from other BitMart users.

You know why and that they are folling the EU law, if your IP adres is from there. But customer service is really fast in awnsering and very helpfull. So, maybe i’m just special or lucky or the other reviews are from Bots or not honnest. Has a website that looks more like a childish gambling casino then a trading platform. BitFinex never sends me email pushing crypto BS or other gambling related content designed for people with high risk of gambling adiction. If BitFinex shutsdown for some reason or i’m not allowed by EU law, i will try Kraken.

Withdrawal fees

During my tests in Chrome, I encountered interface bugs that required switching to Mozilla Firefox. Despite this, transactions were processed instantly, ensuring a seamless trading experience. However, the selection of assets is relatively limited, with only about 170 cryptocurrencies available for trading.

Connecting with Virtual Private Servers provides traders with RAM and CPU power and advanced SSD storage. Also, users might request access to FIX Feed and ISP Links in order to strengthen the security of the traded assets. Institutional connectivity of Bitfinex accounts is conducted with the help of a partner company, Market Synergy. 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. Bitfinex encourages high volume traders and users who wish to get full access to the platform’s advanced features to opt for the third verification level. Bitfinex’s Paper trading tool allows traders to test their crypto trading strategies in a simulated market environment before trading live.

BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. It’s also not something that you’d need to worry about with Bitfinex.

Bitfinex also offers automated algorithmic trading, a robust API for developers, historical pricing data through Bitfinex Terminal, margin trading, and derivatives trading. As the registration of the account is complete, the user should take care of security. It’s understood that the password that the user sets should be as strong as possible, but there are many other things to do to increase the level of security. The platform provides many options that are supposed to make the use of Bitfinex safe.

With a passion for innovation and education, he leads CryptoNinjas.net as a reliable source for crypto news and resources. Bitfinex is a digital asset exchange platform that aims to deliver financial freedom through its technology. It offers a range of services for traders, lenders, and other users, including spot trading, margin trading, and staking. The platform is designed to cater to both professional and institutional traders with advanced trading tools and high-speed trading capabilities. The best features of the BitMart crypto exchange are 100x leverage trading, copy trading, an earning program, an NFT marketplace, staking, a mobile app, and a BitMart wallet.

They stole their private keys and drained over 20 tokens, such as Shiba Inu and Binance Coin. Farao’s foray into blockchain technology is marked by the Lightbulb Man project, a blockchain-based art collection featuring NFTs, which sold out in one day! This highlights his role in merging the worlds of art and digital technology. Besides that, with the advanced charting tool to visualize orders, price alerts, and trade positions, it is easy to modify order properties with a simple tap. After clicking sign up, you will be taken to a new sign-up page. You must find the required information here, including e-mail, username, password, and residence.

If Bitfinex decides to delist a cryptocurrency you own, you could lose your money entirely. Bitfinex offers a P2P trading service that connects local buyers and sellers. The list of payment options is much broader, as users can buy crypto via bank transfers, online wallets like AdvCash and Blink, bank cards, cash, and even Western Union. 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.

One of the more annoying aspects that many people bring up even in Bitfinex reviews is the fact that some exchanges out there require you to make deposits via a cryptocurrency transfer. User Bitfinex reviews will tell you that the platform in question offers over 400 different trading pairs. All things considered, that’s a pretty decent number of options to pick from! These pairs include both fiat-to-crypto, and also crypto-to-crypto ones, too. No matter where it is that you’d look online, the vast majority of user Bitfinex reviews are going to mention the fact that this particular exchange is mostly aimed at crypto trading professionals.