Bitfinex

Crypto Exchanges

Bitfinex is a veteran crypto exchange platform.

Bitfinex fees

  • 0.1% deposit fee
  • 0.3% withdrawal fee
  • 0.20% takers fee
  • 0.1% makers fee

Pros

  • Supports over 100 cryptocurrencies
  • Allows bank wire deposits and withdrawals.
  • High liquidity

Cons

  • Takes long to verify an account
  • Not beginner friendly
  • High trading fees

Features

  • Users are allowed to exchange other cryptocurrencies
  • Offers its users a suit of order types to give traders the tools they need for every scenario
  • Customizable interface
  • Margin funding
  • Margin trading
  • High security

What is Bitfinex?

Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands. Founded in 2012 by Giancarlo Devasini and Raphael Nicolle  as a peer-to-peer crypto exchange, offering digital asset trading services to users around the world.

The trading area at Bitfinex is most commonly used by intermediate or expert traders, as the platform offers a good selection of chart analysis tools. In terms of depositing and withdrawing funds, the only payment method supported is a bank transfer, other than cryptocurrencies. Alongside the likes of Coinbase, Bitfinex is one of the few platforms that allows you to short cryptocurrencies and implement leverage trading strategies.


Year Founded: 
2012
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