Bitfinex.com review: Bitfinex.com is a popular cryptocurrency exchange platform that offers a range of services for trading digital assets. Established in 2012, Bitfinex has gained recognition as one of the leading exchanges in the industry. The platform provides a user-friendly interface and advanced trading features to cater to both beginner and experienced traders.
One notable aspect of Bitfinex is its extensive selection of cryptocurrencies available for trading. Users can access a wide variety of coins, including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins. This diverse range of options allows traders to explore different investment opportunities and strategies.
Security is a top priority for Bitfinex, and the platform employs various measures to protect user funds. It utilizes industry-standard practices such as two-factor authentication (2FA) and withdrawal whitelisting to enhance account security. Additionally, Bitfinex stores the majority of its funds in cold wallets, which are offline and less susceptible to hacking attempts.
| 📅 Year of Establishment | 2012 |
| 💱 Coins: | 190+ |
| 💰 Min deposit | Varies by cryptocurrency |
| ⚖️ Leverage | Up to 5x |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ✅ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Hong Kong |
Overall Bitfinex Review
Overall, Bitfinex is a reputable cryptocurrency exchange that offers a comprehensive range of features for traders. With its user-friendly interface, diverse selection of cryptocurrencies, strong security measures, and favorable liquidity, Bitfinex remains a popular choice for individuals looking to trade cryptocurrencies.
Go to Bitfinex.com website
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The platform offers a wide range of cryptocurrencies for trading, including such popular ones as Bitcoin, Ethereum and Ripple. The user interface is intuitive and easy to navigate, making it convenient for beginners and experienced traders alike. I appreciate the advanced trading features available, such as margin trading and limit orders, which allow me to implement my trading strategies effectively. Additionally, Bitfinex maintains a high level of security with measures such as two-factor authentication and cold storage of funds, which gives me confidence in the safety of my assets. Overall, I highly recommend Bitfinex for its diverse selection, user-friendly interface, and robust security measures.
India
My experience with Bitfinex is a mixture of pros and cons. The positives are that the platform offers a wide selection of cryptocurrencies, providing ample opportunities for trading. The user interface is generally user-friendly, making it easy to make trades. However, I have sometimes encountered the problem of a slow response from the support team. Also, the verification process took longer than expected, which was a bit frustrating. Although the platform offers advanced trading capabilities, I found the learning curve for beginners to be a bit steep. Overall, Bitfinex is a decent platform, but it may take some patience and training to navigate it effectively.
Egypt
The platform's support team was slow and unresponsive to my questions when I had a deposit problem. It took weeks to get a resolution, which caused frustration and inconvenience. Also, compared to other exchanges, the trading fees were relatively high, which significantly impacted my profitability. The user interface, while functional, could be improved in terms of responsiveness and intuitiveness. Overall, my experience with Bitfinex was marred by poor customer support, high fees, and an uninteresting user interface. I would recommend exploring other options before settling on this platform.
Russia
Expert Review
Expert Review of Bitfinex.com
Bitfinex.com, as a cryptocurrency exchange, has established itself as a prominent player in the industry. From a financial expert's perspective, evaluating its reliability involves considering several key factors.
First and foremost, Bitfinex has demonstrated a strong track record since its inception in 2012. Its longevity in the market serves as a testament to its ability to navigate the volatile and evolving cryptocurrency landscape. Over the years, Bitfinex has consistently provided a stable and reliable platform for users to trade a wide range of cryptocurrencies.
One crucial aspect of assessing reliability is security. Bitfinex has implemented robust security measures to safeguard user funds. The platform incorporates industry-standard practices, including two-factor authentication (2FA), withdrawal whitelisting, and cold storage for the majority of user assets. These measures mitigate the risk of unauthorized access and provide users with a sense of trust and confidence in the platform's reliability.
In conclusion, Bitfinex.com has demonstrated reliability over the years through its stability, strong security measures, and liquidity. While it has faced challenges and controversies, the platform's commitment to enhancing security and maintaining a reliable trading environment positions it as a reputable exchange within the cryptocurrency ecosystem. Users should conduct thorough research, stay informed about any updates or changes, and exercise caution when engaging in trading activities on any exchange platform.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading on Bitfinex.com, like any other cryptocurrency exchange, involves inherent risks that traders should be aware of. The volatile nature of the cryptocurrency market means that prices can fluctuate rapidly, leading to potential gains or losses. It is important to understand that trading cryptocurrencies carries a high level of risk, and individuals should only invest what they can afford to lose.
Bitfinex.com Ern
Investment Programs
On Bitfinex.com, there are several programs or strategies that traders can consider to potentially earn money. It's important to note that trading cryptocurrencies involves risks, and there are no guaranteed profits. Here are a few programs or strategies that traders commonly use:
It's crucial for traders to do thorough research, gain a deep understanding of the chosen strategy, and manage risk effectively. Additionally, staying updated with market news and developments is essential for making informed trading decisions on Bitfinex.com or any other cryptocurrency exchange.
Staking is holding crypto to support the network and earn rewards.
It's important to note that the specific steps and details for staking on Bitfinex.com may vary, as the platform may introduce updates or changes. It's recommended to refer to Bitfinex's official documentation, support resources, or contact their customer service for the most accurate and up-to-date information on how to use staking features on their platform.
Remember to consider the risks involved and conduct your own research before participating in any staking or savings program. Stay informed about the terms, rewards, and potential risks associated with Earn Programs to make informed decisions and maximize the benefits of the service.
Best Copy Trading Platforms
Conditions
Trading Conditions for Bitfinex.com Users
When trading on Bitfinex.com, users can expect a range of trading conditions and features that cater to their cryptocurrency trading needs. Bitfinex offers a diverse selection of trading pairs, including major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as various altcoins. These trading pairs can be exchanged against other cryptocurrencies or fiat currencies like USD or EUR, providing ample trading opportunities.
Traders should be aware of the fee structure on Bitfinex, which follows a maker-taker model. The fees are based on whether you add liquidity to the order book (maker) or remove liquidity (taker). The fee rates may vary depending on the trading volume over a 30-day period. It's important to review the fee schedule provided by Bitfinex to understand the costs associated with your trading activities.
Bitfinex offers multiple trading platforms, including a web-based platform and a mobile app, giving users the flexibility to trade on various devices. These platforms provide advanced charting tools, order types, and trading APIs for more experienced traders. Users can take advantage of these features to analyze market trends, execute trades, and manage their portfolios efficiently.
Margin trading is available on Bitfinex, allowing users to trade with leverage and potentially amplify their trading profits. It's important to note that margin trading involves additional risks, and users should fully understand the margin requirements, borrowing rates, and risk management tools provided by Bitfinex before engaging in margin trading.
Security is a top priority on Bitfinex.com. The platform implements measures like two-factor authentication (2FA), withdrawal whitelisting, and cold storage for user funds. These security measures aim to enhance the safety of users' assets and provide peace of mind while trading.
| 📅 Year of Establishment | 2012 |
| 💱 Coins: | 190+ |
| 💰 Min deposit | Varies by cryptocurrency |
| ⚖️ Leverage | Up to 5x |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ✅ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ✅ |
| 🏦 Crypto Loans | ✅ |
| 🔓 Demo account | ❌ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | 24/7 customer support |
| 👩💼 Support | Responsive customer assistance |
| 🗺️ Headquarters | Hong Kong |
Risk Warning
Comparison
Comparison of Bitfinex.com with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Bitfinex.com Accounts, Commissions & Fees
On Bitfinex.com, there are different types of accounts available, each with its own features and requirements. The main types of accounts offered are:
- Individual Account: This is a standard trading account for individual users. It requires completing the registration process and verifying your identity.
- Corporate Account: Designed for corporate entities, this account type requires additional documentation and verification steps to establish the business's legal identity.
- Professional Account: A Professional account is available for users who meet specific criteria related to trading experience, trading volume, and financial assets. It offers additional benefits and features.
Regarding commissions and fees, Bitfinex adopts a maker-taker fee structure. The fees vary based on the user's trading volume over a 30-day period. Makers, who add liquidity to the order book, typically pay lower fees, while takers, who remove liquidity, pay higher fees. The fee schedule is tiered, meaning higher trading volumes may qualify for reduced fees.
Bitfinex may also charge fees for specific services, such as crypto withdrawals, margin trading, or using certain advanced order types. It's important to review the fee schedule provided on the Bitfinex website or consult their customer support for the most accurate and up-to-date information regarding account-related fees and commissions.
Owning and utilizing LEO tokens can provide you with fee reduction benefits on the Bitfinex platform. This means you may have the opportunity to trade at lower fees compared to non-LEO token holders.
Unus Sed LEO commission discounts
| Parametrs | LEVEL 1 | LEVEL 2 | LEVEL 3 |
|---|---|---|---|
| Level requirement | > 1 USDt LEO equiv. | > 5000 USDt LEO equiv. | > 10000 USDt LEO equiv. |
| Crypto-to-Crypto | -15.000% (Taker fees) | -25.000% (Taker fees) | -(25.000% + up to 6bps) (Taker fees) |
| Crypto-to-Stablecoin | -15.000% (Taker fees) | -25.000% (Taker fees) | -(25.000% + up to 6bps) (Taker fees) |
| Crypto-to-Fiat | – | -10.000% (Taker fees) | -(10.000% + up to 6bps) (Taker fees) |
| Crypto-Derivatives | – | – | -(up to 0.5bps/1.5bps) (Maker fees / Taker fees) |
Order execution
| EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) | MAKER FEES | TAKER FEES | TAKER DISCOUNT LEO HOLDERS |
|---|---|---|---|
| $0.00 or more traded | 0.100% | 0.200% | up to -(25.000% + 6bps) |
| $500,000.00 or more traded | 0.080% | 0.200% | up to -(25.000% + 6bps) |
| $1,000,000.00 or more traded | 0.060% | 0.200% | up to -(25.000% + 6bps) |
| $2,500,000.00 or more traded | 0.040% | 0.200% | up to -(25.000% + 6bps) |
| $5,000,000.00 or more traded | 0.020% | 0.200% | up to -(25.000% + 6bps) |
| $7,500,000.00 or more traded | 0.000% | 0.200% | up to -(25.000% + 6bps) |
| $10,000,000.00 or more traded | 0.000% | 0.180% | up to -(25.000% + 6bps) |
| $15,000,000.00 or more traded | 0.000% | 0,0400% | up to -(25.000% + 6bps) |
| $20,000,000.00 or more traded | 0.000% | 0.160% | up to -(25.000% + 6bps) |
| $25,000,000.00 or more traded | 0.000% | 0.140% | up to -(25.000% + 6bps) |
| $30,000,000.00 or more traded | 0.000% | 0.100% | up to -(25.000% + 6bps) |
| $300,000,000.00 or more traded | 0.000% | 0.090% | up to -(25.000% + 6bps) |
| $1,000,000,000.00 or more traded | 0.000% | 0.085% | up to -(25.000% + 6bps) |
| $3,000,000,000.00 or more traded | 0.000% | 0.075% | up to -(25.000% + 6bps) |
| $10,000,000,000.00 or more traded | 0.000% | 0.060% | up to -(25.000% + 6bps) |
| $30,000,000,000.00 or more traded | 0.000% | 0.055% | up to -(25.000% + 6bps) |
LEO token holders have the potential to participate in important platform decisions through voting. This gives you a voice in shaping the future direction and policies of the Bitfinex exchange.
It's important to note that the specific benefits and opportunities associated with trading LEO tokens may be subject to change or updated by Bitfinex. It's recommended to review the latest information on Bitfinex's official website or consult their support for the most accurate and up-to-date details regarding LEO token trading.
Risk Warning
Final review
Detailed review of Bitfinex.com
Bitfinex.com is a popular cryptocurrency exchange platform known for its wide range of features and services tailored to traders. The user interface is intuitive and user-friendly, providing a seamless experience for both beginners and experienced traders. The platform offers a diverse selection of trading pairs, including major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as numerous altcoins. Traders have the flexibility to trade these pairs against other cryptocurrencies or fiat currencies.
Bitfinex.com is known for its high liquidity, ensuring that traders can execute their orders quickly and at desired prices. The platform's large trading volume contributes to better price stability and reduces the risk of slippage. Additionally, Bitfinex.com takes security seriously and implements robust measures to protect user funds. The majority of funds are stored in offline, multi-signature cold wallets, and the platform utilizes two-factor authentication (2FA) for added security.
One of the notable strengths of Bitfinex.com is its advanced trading features. The platform offers multiple order types, including market, limit, and stop orders, enabling traders to execute their preferred trading strategies. Margin trading is available, allowing users to trade with leverage and potentially increase their profits. However, it's important to understand the risks associated with margin trading.
Customer support is available 24/7 on Bitfinex.com, ensuring that users can receive assistance whenever needed. The support team is responsive and knowledgeable, addressing inquiries and resolving issues promptly. It's worth noting that Bitfinex.com experienced a security breach in 2016, resulting in the loss of a significant amount of Bitcoin. However, the platform has since strengthened its security measures and compensated affected users.
In conclusion, Bitfinex.com is a well-established cryptocurrency exchange platform that offers a range of features and services. Traders can benefit from its advanced trading features, high liquidity, reliable customer support, and robust security measures. However, it's important to conduct thorough research, understand the risks involved in cryptocurrency trading, and comply with the platform's terms and conditions.
Advantages:
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Bitfinex.com Regulator
Bitfinex.com, as a cryptocurrency exchange platform, operates under the laws and regulations of the jurisdictions in which it conducts its operations. While the specific regulatory framework for cryptocurrencies varies across different countries and regions, Bitfinex.com strives to comply with applicable laws to ensure a secure and compliant trading environment for its users.
As part of its compliance efforts, Bitfinex.com has implemented Know Your Customer (KYC) procedures and Anti-Money Laundering (AML) policies. These measures help verify user identities, prevent fraudulent activities, and ensure compliance with regulatory requirements.
Based in Hong Kong, Bitfinex.com adheres to the laws and regulations of the jurisdiction. Hong Kong has been actively exploring and evolving its regulatory framework for cryptocurrencies, and Bitfinex.com works to meet the requirements set forth by the local regulatory authorities.
In conclusion, Bitfinex.com takes regulatory compliance seriously and makes efforts to comply with the laws and regulations in the jurisdictions where it operates. However, as regulations continue to develop and mature, it is crucial for users to stay informed about the legal and regulatory implications of trading on Bitfinex.com based on their specific jurisdiction. Consulting legal and regulatory professionals can provide valuable guidance and ensure compliance with applicable laws.
Risk Warning
Promotions
Bonuses Paid by the Bitfinex.com
Bonuses
Here are some potential bonuses offered by Bitfinex:
It's important to note that the availability and specific details of these bonuses may change over time, and they are subject to the terms and conditions set by Bitfinex. To get the most accurate and up-to-date information about the current bonuses offered by Bitfinex, it is recommended to visit their official website or contact their customer support directly.
Education
Review of the Bitfinex.com Education Program
However, it's worth noting that Bitfinex does offer various resources and features that can be helpful for traders seeking educational materials. These include:
Online Courses:
These courses are just a starting point, and there are many more options available online. It's important to review course descriptions, read reviews, and consider your own learning objectives before enrolling in any online course. Additionally, staying updated with reputable cryptocurrency news sources and participating in online trading communities can further enhance your knowledge and understanding of the cryptocurrency market.
Best Online Trading Courses
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The Future of DeFi: Trends and Predictions for 2024
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Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
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Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
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Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
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Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
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The Future of Cryptocurrency: Predictions and Trends for the Next Decade
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Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
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Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
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Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
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Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Bitfinex.com Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I found their customer support to be unresponsive and unhelpful when I had an issue with a transaction. There were delays in processing withdrawals, and it took longer than expected to receive my funds. I also had concerns about the lack of transparency in their operations. It left me feeling frustrated and disappointed, and I ultimately decided to switch to a different cryptocurrency exchange.
The platform offers advanced trading features and tools that are suitable for both beginners and experienced traders. The liquidity on the platform is impressive, allowing for smooth and efficient trading. I appreciate the low fees and competitive pricing structure. Overall, Bitfinex has been a reliable and trustworthy exchange for my cryptocurrency trading needs.
its very good!
While the platform itself is feature-rich and offers a good selection of cryptocurrencies, I have encountered occasional technical glitches and slow response times. The verification process was a bit cumbersome and took longer than expected. On the positive side, their customer support was able to address my concerns and resolve any issues I encountered. It’s a decent platform overall, but there is room for improvement
The user interface is intuitive and easy to navigate, making it convenient to trade cryptocurrencies. The security measures they have in place give me peace of mind, knowing that my funds are well-protected. The customer support team is also responsive and helpful whenever I have any inquiries. Highly recommended!