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

In addition to the services above, Bitfinex exchange has an affiliate program that rewards new users for joining the cryptocurrency exchange. With its deep liquidity, advanced trading tools, and industry-leading security features, it continues to attract serious market participants who demand speed, precision, and control. Bitfinex stands out in 2025 as a powerful trading platform tailored for professionals, institutions, and high-volume crypto traders. By bridging blockchain with traditional finance, Bitfinex offers traders exposure to tokenised assets previously out of reach in the crypto-native world.

Better for advanced users

💳 Smaller fiat deposits are available through OpenPayd, with a flat fee of €5/£5 per wire. In my opinion, the Lite mode is a helpful addition that simplifies the trading process for crypto-newbies. However, it prevents users from sending funds to a non-existent wallet and is equipped with an address book. The app doesn’t offer a QR-scanning feature for withdrawals. The Bitfinex mobile app features industry-standard security measures.

Paper Trading

Let’s find out if it covers everything you need from an exchange! Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. The writing and editorial team at DayTrading.com use credible sources to support their work. If you have experience trading with Bitfinex please share your personal review of the broker and what you think are strong and weak points.

• Traders can benefit from margin funding discounts and volume-based reductions, making Bitfinex an appealing platform for active derivatives users.
• These bots use algorithms and user-defined parameters to analyze historical data, help traders make data-driven sections, reduce manual effort, and potentially maximize profits.
• Most cryptocurrencies can be traded directly against USD.
• His sharp insights and in-depth reviews have helped countless readers navigate the complex world of digital assets.
• Bitfinex doesn’t provide traditional derivatives trading, such as fixed-term futures or options, directly on its platform.

Why is it so hard to reach the support team?

I used the generated address to transfer my funds from ProBit Global. To fund my account, I generated a deposit address by selecting the deposit currency and network. Completing Basic Plus verification by uploading a scan of my ID and providing additional details unlocked most features within 24 hours. After signing up, I accessed my account in “View only” mode. To create a Bitfinex account, you need an email address, a username, and your country of residence.

A Decent Number of Trading Pairs (400+)

The platform offers a comprehensive API library with high-frequency trading strategies that can be backtested using the Honey Framework. The platform offers many different trading tools, such as Market, Stop, and Trailing Stop orders, futures, and securities trading. When reviewing exchanges, we consider all types of traders, from casual to active. 🧪 Demo account available for risk-free strategy testing, making Bitfinex ideal for expert traders focused on high-volume trading. 💰 Maker/Taker fees start at 0.1%/0.2%, below the industry average, with discounts for high-volume traders and token holders.

Bitfinex Bonuses and Special Offers

Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. It implements a multi-level KYC procedure and offers robust security measures to protect customers’ assets. Most cryptocurrencies can be purchased directly with fiat.

Deposits & Withdrawals

This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. For our trading test, we thoroughly evaluated the Bitfinex platform. The Bitfinex trading platform is feature-rich but I experienced some lags during testing. Non-verified users can use the platform in “View only” mode. For withdrawal security, IP monitoring and a custom withdrawal confirmation phrase are available. The main reason for this is the lack of insurance on both crypto and fiat deposits, as well as the lack of Proof of Reserves.

What is the difference between a crypto exchange and a brokerage?

These tools make Bitfinex ideal for algorithmic traders, institutions, and advanced retail users. The platform offers a wide range of services — from margin and derivatives to OTC and tokenised securities- targeted at institutional traders, professional investors, and high-frequency traders. Active in the crypto space since 2017, she focuses on spot trading, staking services, and mobile platforms. Additionally, I submitted a ticket inquiring about the platform’s general security measures and whether customer assets were insured.

📊 Advanced desktop tools, including Market, Limit, IOC, Stop Limit orders, derivatives trading, staking and TradingView integration. 📱 Available on Android, iOS, and desktop, with Pro and Basic versions for mobile users. However, the exchange does not have official permissions from major regulatory bodies such as the FCA. To access the platform’s full functionality, one must complete the KYC procedure, which has three different levels. The platform is also active on key social platforms like Twitter (X) and LinkedIn. Bitfinex maintains an active bug bounty program that offers rewards between $10 and $10,000, depending on the risk priority.

But as opposed to basically every other major platform, I never ran into a bot impersonation support staff on Bitfinex. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world.See more Since then, our team has gained invaluable experience whilst cementing our spot as the go-to platform for digital asset traders and institutions. I see a potential in this exchange, and very good reviews in other websites, so I did the signup process and started the verification stage (uploaded all documentation) but has been 8 weeks, two m…

Well, for starters, let’s take a look at the trading (order) types available on the site. That said, though – what makes Bitfinex a “professional” trader platform? No matter where it is that you look online, the vast majority of user Bitfinex reviews are going to tell you the same. Before we discuss the issues that plagued Bitfinex almost half a decade ago, we should actually start off by talking about the positive things that the platform is currently known for. In fact, the exchange does have a rather shaky past, which many critics often discuss. Thus, it’s fair to say that Bitfinex is all about easy usage and convenience for crypto enthusiasts.

• CryptoNinjas aims to expand knowledge and understanding of the cryptocurrency and blockchain space.
• Bitfinex Scaled Orders allow traders to spend less time entering individual orders and more time focusing on their trading strategy.
• During my tests, I exchanged all my funds for USDT and withdrew them to a wallet on BitMart via the Polygon network.
• Users can protect their assets via 2FA (Google Authenticator), a PIN code, and biometric authentication.
• However, for those new to cryptocurrency trading, the experience might initially seem daunting compared to platforms like eToro or Kraken.
• Traders enjoy the flexibility to trade crypto-only pairs as well as tokens paired with traditional currencies such as USD, GBP, EUR, and JPY, notable examples include BTC/USD, ETH/USD, and XRP/USD.

🪙 Supports 170 cryptocurrencies and 425 trading pairs, a relatively modest selection. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Even though Bitfinex spot trading fees range up bitfinex review to 0,2% for the taker, there are a total of 16 tiers, and all fees, especially takers, drop significantly at each higher level. Same as many other exchanges, Bitfinex has a “maker” and “taker” fee model.

Tyler Grant is the Editor-in-Chief of CryptoNinjas.net, bringing years of expertise in cryptocurrency trading, blockchain technology, and financial analysis. Traders can open multiple paper trading accounts without depositing real funds. Bitfinex’s Paper trading tool allows traders to test their crypto trading strategies in a simulated market environment before trading live.

During my tests, I discovered that Bitfinex displays incorrect fees in its interface. Users wishing to deposit smaller amounts can use OpenPayd, which supports only GBP and EUR and charges a minimum fee of €5/£5. However, the minimum deposit size is $10,000, and the minimum fee is 0.1% or $60, making this option suitable only for large-volume traders. I discovered that only about a dozen assets had a daily trading volume exceeding $1 million, while over 30 assets were traded with volumes below $1,000.

Nevertheless, like many crypto exchanges, Bitfinex operates as an unregulated entity. Bitfinex emerged as a pioneer among crypto exchanges, however recent regulatory issues have taken away some of its shine. But this is advanced stuff…Keep in mind, bitfinex is among the oldest and most highly regarded platforms, whenever it was hacked in the distant past, costumer were fully compensated.

Users wishing to withdraw smaller sums to their bank accounts can do it via OpenPayd. It is possible to withdraw crypto to an external wallet. The “Withdraw” button is in the drop-down menu of the Wallet tab, which is accessible on multiple pages throughout the trading interface. However, during my tests, I discovered quite a few ads selling crypto for USD or EUR. It was only possible to estimate the correct fee by proceeding to the payment provider’s website.

This way, you can borrow from Bitfinex using your crypto as collateral or pay with crypto through Bitfinex Pay, all without relying on a traditional banking system. Moreover, Bitfinex is more than just an exchange. It lists around 250 coins and tokens and over 400 spot trading pairs. Before getting into the pros and cons of this platform, let me explain briefly what Bitfinex is.