Bitfinex

3.8(1.100 reviews)

Professional crypto exchange with margin trading and lending

Various RegulatedSince 2012

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

10.000 $ (Fiat), 0 $ (Krypto)

Min. Deposit

Instruments

Various

Regulation

Platforms

Key Features

Bitcoin

Bitcoin trading available

Ethereum

Ethereum trading available

Altcoins

Altcoins trading available

Margin Trading

Margin Trading trading available

Lending

Lending trading available

Derivatives

Derivatives trading available

Bitfinex Web

Trading Platform

Bitfinex App

Trading Platform

Advantages

Very low trading fees for high-volume traders
Margin trading with up to 10x leverage
Lending platform for crypto lending
Advanced order types and charting

Disadvantages

High minimum deposit for fiat ($10,000)
Controversial history (Tether connection)
Not available for US customers

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About Bitfinex

Bitfinex was founded in 2012 and is headquartered in the British Virgin Islands. The exchange belongs to iFinex Inc. and is closely linked to stablecoin issuer Tether (USDT). Bitfinex has established itself as a professional trading platform primarily targeting experienced traders and institutional investors. The platform offers a comprehensive range of trading instruments, including spot trading, margin trading with up to 10x leverage, and a peer-to-peer lending platform where users can lend their cryptocurrencies at interest. Bitfinex is characterized by very low trading fees starting at 0.10% for makers, with further reductions for high-volume traders. What makes Bitfinex unique are its advanced order types, deep liquidity, and the lending platform. However, the exchange has a controversial history, including a hack in 2016 and regulatory disputes. For fiat deposits, a high minimum of $10,000 applies, clearly positioning the platform for professional users.

Bitfinex FAQ

Is Bitfinex suitable for beginners?

No, Bitfinex primarily targets experienced traders. The high minimum deposit for fiat ($10,000), complex trading interface, and advanced features like margin trading make the platform unsuitable for beginners.

What is the Bitfinex lending platform?

On the Bitfinex lending platform, users can lend their cryptocurrencies or fiat currencies at variable interest rates to other traders who use them for margin trading. Interest rates are determined by supply and demand.

How secure is Bitfinex after the 2016 hack?

After the 2016 hack, Bitfinex fundamentally overhauled its security infrastructure. The platform now uses multi-signature wallets, cold storage, and strict security protocols. All affected users were fully compensated.