Bitfinex Reviews
Bitfinex Customer Reviews (3)
- Most recent
- Oldest
Verified Buyer
Verified BuyerVerified BuyerBitfinex Customer’s Q&A
Bitfinex Features and Benefits
Bitfinex is a digital asset trading platform that offers a variety of features and benefits:
- Exchange Trading: Central limit order books for the spot trade of digital tokens.
- Margin Trading: Qualified users can trade with up to 10x leverage and receive financing through its Margin Funding and peer-to-peer financing features.
- Margin Funding: Users can earn interest on their digital assets by lending their funds to other users who want to trade with leverage. This allows users to earn interest on their capital while avoiding the risks of trading.
- Over the Counter (OTC) Market: For traders looking to conduct large deals directly with a counterparty without using public order books. This allows access to significant amounts of liquidity without affecting the exchange market price.
- Derivatives Trading: Advanced traders can use Bitfinex Derivatives to trade perpetual futures, which enable traders to speculate on the future price of an asset.
- Scaled Orders: An algorithmic order type designed to enable users to focus more on strategy instead of spending time manually entering orders. It enables users to automatically create multiple limit orders across a custom price range.
- Spread Ladder Orders: Allows users to hedge their position during times of market volatility, enter and exit large positions at an average price range, and manage their risk by spreading entry and exit prices.
- Paper Trading: Simulate trading with zero risk and no need to deposit anything. Users can create multiple paper trading accounts and test all their trading strategies.
- Honey Framework: Allows users to create custom order types and event-driven automated trading strategies.
- Professional Connectivity: By collaborating with Market Synergy, corporate and professional traders can take advantage of the fastest trading speed through institutional-grade connectivity and co-location services, with direct access to the digital asset gateway.
These features make Bitfinex a comprehensive platform for cryptocurrency trading. Please note that some features may require specific account verification levels. For the most accurate and up-to-date information, please visit the Bitfinex website.
Bitfinex Pricing
Bitfinex is a cryptocurrency exchange that provides live cryptocurrency prices for over 400 different spot markets. Here are some of the latest prices:
- ETH: 3,858.1 USD
- BTC: 68,774 USD
- USDt: 1.0004 USD
- SOL: 165.57 USD
- USDC: 1.0011 USD
For trading fees, most trades come with either a 0.10% maker fee or a 0.20% taker fee. This rate applies to crypto, stablecoin, and fiat trades. Holding the LEO cryptocurrency in your account qualifies you for a discount on Bitfinex trading fees. If you hold the LEO currency in your account, you can save on fees.
For fiat deposits, the fee is 0.100%, with a minimum fee of 60 (USD/Euro).
Please note that prices and fees are subject to change. For the most accurate and up-to-date information, please visit the Bitfinex website.
Payment Method
Bitfinex offers several payment methods for depositing and withdrawing funds:
- Credit/Debit Card: Accepts USD, EUR, JPY, TRY, GBP.
- Bank Wire Deposit: Accepts EUR, CNH, JPY, GBP, USD.
- Crypto: All cryptocurrencies available on Bitfinex.
- Tether Tokens: Accepts USDt, EURt, CNHt, XAUt, MXNt.
In addition, Bitfinex allows purchasing cryptocurrencies directly from an integrated third-party service using a payment card such as a credit card or a debit card. Supported payment cards include MasterCard and Visa.
Please note that these methods are subject to change and it's always a good idea to check the latest on the Bitfinex website. For more detailed information, please refer to the Bitfinex Terms of Service.
Bitfinex FAQs
Bitfinex Alternatives
Here are the top 10 alternatives to Bitfinex:
- Binance: A global cryptocurrency exchange known for its extensive product suite, high liquidity, and support for over 150 cryptocurrencies.
- Kucoin: Known for its user-friendly interface and a wide range of available cryptocurrencies.
- Coinbase Exchange: A popular platform that allows users to buy, sell and store cryptocurrency.
- Uphold: Offers a variety of financial services including the ability to hold, create, and transact with more than 30 currencies and commodities.
- Bitmex: A cryptocurrency exchange and derivative trading platform.
- Gate.io: A cryptocurrency exchange platform that supports a wide variety of cryptocurrencies.
- Kraken: A US-based cryptocurrency exchange that provides cryptocurrency to fiat trading and provides price information to Bloomberg Terminal.
- Poloniex: A cryptocurrency exchange offering a wide variety of digital assets.
- Phemex: Known for its versatility and offering contracts, spot, simulate, and earn services.
- Bybit: Known for ETH/USD and BTC/USD trading pairs.
These platforms offer a variety of features and services, so it's important to choose the one that best fits your needs. Always remember to do your own research before choosing a platform for trading.
How To Open A Bitfinex Account?
To open an account on Bitfinex, follow these steps:
- Access the Bitfinex platform login page and press the Sign Up button in the top right corner or at the centre of the page.
- On the Bitfinex sign-up page, enter a username, an email address and a password that you would link to your account. Choose your country of residence from the dropdown, and add a referral code (if you have one). After that, click Sign up.
- Enable a Google Two-Factor Authenticator to protect the security of your account. When you click Continue, you will be forwarded to the page to configure the 2FA.
- Head to the email you have linked to your Bitfinex account to confirm the email address.
- Now, you should see the notice below when you return to your sign-up page. After that, click Login to get started with your new account.
Please note that these steps are subject to change and it's always a good idea to check the latest on the Bitfinex website. For more detailed information, please refer to the Bitfinex Terms of Service.
Bitfinex Return Policy?
Bitfinex is a cryptocurrency exchange. It does not have a traditional return policy as it deals with digital assets. However, it has a Funding Flash Return Rate (FRR) and a policy for margin funding return.
The FRR is a special rate used to calculate interest in the Bitfinex P2P lending platform. This rate is not based on an agreed fixed rate, but on the average of all active fixed-rate fundings weighted by their amount. This rate updates once per hour.
For margin funding return, Bitfinex charges a minimum of one hour of interest to the borrower on any funding that is borrowed and manually returned. After one hour, interest will be accumulated in one-second increments.
Please note that these policies are subject to change and it's always a good idea to check the latest on the Bitfinex website. For more detailed information, please refer to the Bitfinex Terms of Service.
Explore Similar Stores
See All Stores
