Bitfinex
Various
Phemex
Various
Bitfinex vs Phemex
Head-to-Head Comparison 2026
Our Verdict
Bitfinex has a higher rating of 3.8/5 compared to Phemex (3.6/5). Bitfinex offers 6 instrument types, while Phemex offers 5. The minimum deposit is lower at Phemex with 0 $. Bitfinex has been in the market since 2012, making it the more experienced provider.
Comparison Table
| Criteria | Bitfinex | Phemex |
|---|---|---|
| Rating | 3.8/5 (1100 reviews)✓ | 3.6/5 (550 reviews) |
| Regulation | Various | Various |
| Fees | 0.10% Maker / 0.20% Taker, discounts for high-volume traders | 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06% |
| Min. Deposit | 10.000 $ (Fiat), 0 $ (Krypto) | 0 $ |
| Instruments | Bitcoin, Ethereum, Altcoins, Margin Trading, Lending, Derivatives | Bitcoin, Ethereum, Altcoins, Perpetual Futures, Spot |
| Platforms | Bitfinex Web, Bitfinex App | Phemex Web, Phemex App |
| Options Trading | No (derivatives via separate platform) | No |
| Founded | 2012 | 2019 |
| Headquarters | BVI | Singapore |
Detailed Comparison
Fee Comparison
Bitfinex: 0.10% Maker / 0.20% Taker, discounts for high-volume traders. Minimum deposit: 10.000 $ (Fiat), 0 $ (Krypto).
Phemex: 0.10% Maker / 0.10% Taker (Spot), Futures 0.01% / 0.06%. Minimum deposit: 0 $.
Product Range
Bitfinex (6 categories)
Phemex (5 categories)
Trading Platforms
Bitfinex
- Bitfinex Web
- Bitfinex App
Phemex
- Phemex Web
- Phemex App
Regulation & Security
Bitfinex is regulated by Various (HQ: BVI).
Phemex is regulated by Various (HQ: Singapore).
Who Is It For?
Bitfinex
Professional crypto exchange with margin trading and lending
✓ Very low trading fees for high-volume traders
✓ Margin trading with up to 10x leverage
✓ Lending platform for crypto lending
✗ High minimum deposit for fiat ($10,000)
✗ Controversial history (Tether connection)
Phemex
Crypto derivatives exchange with spot trading and up to 100x leverage
✓ Fast order execution (under 1ms)
✓ Founded by former Morgan Stanley executives
✓ Low futures fees
✗ No EU regulation, offshore domicile
✗ High loss risk with 100x leverage
Frequently Asked Questions
Is Bitfinex or Phemex cheaper?
Which broker offers more products: Bitfinex or Phemex?
Which broker is better regulated?
Is Bitfinex or Phemex better for beginners?
Bitfinex vs Phemex: Which broker is better overall?
Bitfinex
Professional crypto exchange with margin trading and lending
Open Account →From 10.000 $ (Fiat), 0 $ (Krypto) min. deposit
Phemex
Crypto derivatives exchange with spot trading and up to 100x leverage
Open Account →From 0 $ min. deposit