Up-to-Date Bitfinex Review Is It Legit & Safe? 2025

These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. When you submit a withdrawal request, Bitfinex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. Bitfinex withdrawal requests will be honoured.Brokers that operate under the supervision of regulatory authorities like Bitfinex are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. When considering Bitfinex for your trading activities, its financial regulatory status in your region is crucial. Bitfinex are able to accommodate various levels of traders whether you are experienced or a beginner.

Recent Bitfinex User Reviews

Bitfinex only charges withdrawal fees for USDT on Ethereum (ERC20); withdrawals are free on all other supported networks. While trading on Bitfinex, I verified that the actual fees charged matched those listed on the platform. Using this method, we’re categorizing users not only by their trading style but also by the amount of money they spend on the exchange. The desktop platform provides advanced trading tools for expert traders, but as a casual trader, I found the interface slightly overwhelming. These platforms rank different exchanges based on their cybersecurity, liquidity, traffic, trading volume, etc. The exchange supports direct fiat deposits and withdrawals, and crypto purchases via bank cards are facilitated through its partners.

Can you make money with Bitfinex?

To start the process of opening an account with Bitfinex you can visit the Bitfinex trading platform here. The account opening process usually takes a few minutes to complete, and you can start exploring the Bitfinex platform and features immediately. As a new client of Bitfinex, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Bitfinex in your region. The Bitfinex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

• Trading with Bitfinex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.
• 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.
• After generating a deposit address for my Exchange account, I could start trading immediately without additional transfers.
• Technical language and terminology can be confusing with brokers like Bitfinex.Choosing or shortlisting a trading platform like Bitfinex can be time consuming.
• Bitfinex does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

Are Bitfinex Fees Competitive?

You can sign up for a demo account to acquaint yourself with Bitfinex platform. This means that Forex trading, Spread Betting, Social trading, are considered financial assets. A financial asset is any security or asset that has financial value attached, tangible or intangible. It can be challenging and requires significant research and understanding of the Bitfinex trading tools and features. When it comes to online trading with brokers like Bitfinex, carefully review Bitfinex as your broker can make or break your success.

They ask for all sorts of strange documentation and won’t let me withdraw my money. Finally, I made a small deposit and withdrawal. I tried using the exchange a long time ago to deposit and withdraw small amounts, but I never used it again because of the slow speed.

STAY FAR AWAY You will lose access to your funds!!!

If an exchange ist trustworthy and does that was it is made for, there is nothing to complain. Using bitfinex since years, never had one single problem. Very fast and professional support, they solved my problem in less than an hour from my first request. I had 1750 usd in my account, but suddenly they where gone. Bitfinex are Steeling money, don’t ever use them.

great exchanger

The customer support is absolutely HORRIFIC, and they have obviously very little regard for customer funds or wellbeing. Based on what I experienced, Bitfinex is absolutely not a platform you can trust, this exchange should be avoided at all costs! But as opposed to basically every other major platform, I never ran into a bot impersonation support staff on Bitfinex. The platform itself works well, just like many other exchanges. Additionally, a prosecutor talks about investigating cryptocurrency crimes in this episode of the AARP podcast The Perfect Scam.

Derivative trading fees on Bitfinex

Bitfinex offers a modest selection of assets for an exchange established in 2012. Please note that fees may vary, and it’s advisable to check Bitfinex’s official website for the latest information. This demonstrates that the platform is transparent about its fee structure and does not have any hidden charges. Please note that fees and available methods may vary by country.

Depending on your account verification level and jurisdiction, specific requirements or limitations apply to using the Derivative and Capital Raise Wallets. You can quickly transfer funds between these wallets using Bitfinex’s quick transfer feature. They charge a standard 0.1% for market makers.

Trading Fees

• While learning, you can also use global trading times to practice making live buy or sell trades using Bitfinex.
• However, that does not mean that new users cannot navigate the exchange or use some basic trading tools.
• Same as many other exchanges, Bitfinex has a “maker” and “taker” fee model.
• This will provide useful information and insights into the various trading platforms offered by Bitfinex, enabling you to make an informed decision about which platform to choose for your trading needs.
• In addition, currency conversion fees may apply if the Bitfinex withdrawal and receiving currencies differ, adding to the overall transaction costs.

The exchange discontinued its services in the US in 2017 due to the resources required to service Bitfinex US customers and the complexity of the US regulatory environment. However, Bitfinex restricts access to traders in Iran, North Korea, Cuba, Syria, Crimea, and the Donetsk People’s Republic. These services include margin trading, derivatives trading, advanced charting tools, over-the-counter (OTC) trading, and paper trading.

Although traders have had great success with Bitfinex, trading on the financial markets with Bitfinex is not a get-rich scheme. The Bitfinex platform allows traders to filter the financial marketplace for trade opportunities that match criteria. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Bitfinex web trading platforms. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. Bitfinex’s trading fees are significantly lower than the industry average, and volume discounts may attract active traders.

Step 1: Setting Up and Funding Your Account

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. Awareness of these Bitfinex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Bitfinex funds. In addition, currency conversion fees may apply if the Bitfinex withdrawal and receiving currencies differ, adding to the overall transaction costs. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

Locating the trading fees was tricky, but I found them under the “Trades” tab in the “Reports” section of the “Wallet” menu. Bitfinex frequently organizes trading competitions to engage active traders. The platform offers a comprehensive API library with high-frequency trading strategies that can be backtested using the Honey Framework. However, the platform has limited asset diversity, supporting only around 170 cryptocurrencies. The platform offers many different trading tools, such as Market, Stop, and Trailing Stop orders, futures, and securities trading.

But we don’t stop there – we also offer valuable insights into other great alternatives to Bitfinex, so you can make a more informed decision and compare other brokers against Bitfinex. Evaluation includes researching bitfinex review the Bitfinex management team, track record, and services. Online investing with Bitfinex can be just as risky as traditional offline investments.

When I need help restoring and reactivating my account, why is it so hard to reach the support team? I have never experienced such a great support like I did on Bitfinex, neither in the crypto space nor in any other web business BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

The Funding Wallet is used for P2P lending, where traders provide margin financing to other traders, while the Margin Wallet is for trading leveraged positions. The Exchange Wallet allows users to easily change funds between cryptocurrencies with minimal slippage. The best features of Bitfinex are the Bitfinex wallet, Bitfinex mobile app, Bitfinex trade bot, margin funding, scaled orders, and paper trading. On the other hand, cryptocurrency withdrawals have a minimum of $5 equivalent, with no maximum limit. Bitfinex has no maximum withdrawal limit for fiat currencies or cryptocurrency transactions.

This article was written by our financial editors, Mark Hansen and Andrew Blumer. Traders are guaranteed to close your trade at your specified price. Bitfinex is used by over 3,000,000 registered Bitfinex users.