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Bitfinex Review (2024): Pricing, Pros & Cons

Bitfinex is a cryptocurrency exchange platform that provides advanced trading features, charting tools and high liquidity for users to buy, sell and trade various cryptocurrencies.

Ease of Use
Value For Money
Customer Support

What is Bitfinex?

Bitfinex is a digital asset trading platform that provides advanced trading features, charting tools, and state-of-the-art services for digital currency traders and global liquidity providers, making it a strong competitor to other brokers in the space. Bitfinex is also focused on adding multiple trading pairs to increase trading flexibility. Founded in 2012, the company emerged as one of the first professional platforms to cater to the growing interest in cryptocurrency trading. Bitfinex offers a comprehensive range of services, including access to peer-to-peer funding, and an over-the-counter (OTC) market for a wide range of digital assets.

What is Bitfinex Good For?

Bitfinex excels at providing a high-end trading experience for professional cryptocurrency traders and institutions. It is known for its advanced trading features, comprehensive charting tools and robust support for peer-to-peer financing. In addition, Bitfinex facilitates an OTC market for high-volume traders, making it a versatile platform for a wide range of trading strategies and operations. Its focus on innovation and support positions it as a premier choice for accessing global cryptocurrency liquidity through its crypto exchange operations.

Who Should Use Bitfinex?

Bitfinex is primarily aimed at professional digital asset traders and liquidity providers who are looking for a platform that meets their advanced trading needs. It caters to individuals and institutions looking for a comprehensive suite of tools and features, such as sophisticated charting capabilities, peer-to-peer financing and an OTC market. Traders who require the ability to trade on margin, as well as those seeking a trusted platform with a focus on innovation and exceptional support, will find Bitfinex a perfect fit for their trading activities.

Bitfinex Company Details

iFinex Inc., the company behind Bitfinex, was founded in 2012 as a pioneer in digital currency trading. It quickly established itself as a leading crypto exchange designed to meet the demanding needs of cryptocurrency traders and global liquidity providers. Throughout its operations, iFinex Inc. has demonstrated significant growth and innovation within the cryptocurrency trading industry, drawing attention in many Bitfinex reviews. The company is dedicated to providing advanced trading features, charting tools and financial services such as peer-to-peer financing, an over-the-counter (OTC) market for a wide range of digital assets. iFinex Inc.’s commitment to providing professional traders and liquidity providers around the world with unparalleled support, tools and innovation has solidified its position as a cornerstone in the digital asset trading community.

Company Name: Bitfinex

CEO Name: JL van der Velde

Est Year: 2012

Employees: 51-200 employees

HQ Location: Taipei, T'ai-pei, Taiwan

Jean-Louis Van Der Velde
CEO/ Co-Founder
Giancarlo Devasini
Chief Financial Officer

Bitfinex Demo & Media

Bitfinex Top Features


Bitfinex users can easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital asssets with minimal slippage due to the platforms order books which have top tier liquidity.

Margin Trading

Users can trade up to 10x leverage by receiving funding from the peer to peer margin funding platform.


The platform offers derivative products in order to mitigate the risks associated with digital token volatility.

Professional Connectivity

Bitfinex offers one of the fastest trading fees to corporate accounts and professional traders through institutional-grade connectivity and co-location services.

Advanced Chart Features

Traders can enjoy a graphical trading experience with advanced charting functionality that helps them visualize orders, positions, and price alerts. They also get to tap to modify order properties, and annotate their trading strategy.

Corporate Account

Bitfinex offers expertly tailored sub-accounts, expedited verification, and dedicated customer support to meet the specific needs of professional and institutional traders.


Bitfinex has REST and Websocket APIs that are designed to facilitate access to all features of the platform so that traders can fully integrate with their own products and platforms.

Enhanced Reporting Framework

Traders and developers can enjoy the comprehensive reporting functionalities that make it easy to measure trading performances.

Pros of Bitfinex

  • Low trading fees
  • Multiple trading features and types
  • Beginner friendly
  • High liquidity
  • Mobile application allows you to trade on the go
  • Extensive currency pair options
  • Flexible Leverage and Derivatives Options
  • Demo trading account

Cons of Bitfinex

  • Not available in some regions such as USA
  • Slow verification process
  • History of multiple security breaches

Bitfinex Pricing

Bitfinex offers a flexible fee structure that specifically takes into account the services used by each trader. The pricing structure also includes a fee calculator to estimate these prices. In addition, the pricing page displays the UNUS SED LEO fee discount and the trading fee discount for new offers on the platform. In this way, users can estimate the cost of all activities on the platform. Other fees displayed include order execution costs, derivatives order execution costs, Bitfinex borrowing costs, margin funding prices, OTC desk trading fees, P2P marketplace trading fees, deposit and withdrawal fees.

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What Kind of Support Bitfinex Offers?

Bitfinex offers a customer support service that is available 24/7 to help users with any problems or questions. The support infrastructure is very granular as it has dedicated tabs for different categories of issues such as Token Deposits, Token Withdrawals, Bank Wires, Account Access, Account Settings, Verification, Trading and Funding, the P2P Marketplace, and many more.
Email Support
Live Chat
Forum & Ticket
Phone Support
Tutorial Video & Help Documentation

Bitfinex FAQs

Bitfinex is a legitimate digital asset trading platform that has been providing advanced services to digital currency traders and global liquidity providers since its inception in 2012. The platform is known for its suite of advanced trading features, peer-to-peer financing, and an OTC market for a wide range of digital assets.
Bitfinex offers state-of-the-art services designed to meet the needs of professional traders and institutions, making it a platform worth considering for those involved in digital currency trading. Its comprehensive range of services, including advanced charting tools, peer-to-peer financing, derivative products and an OTC market, provides significant value to its users.
Bitfinex integrates with a variety of software and tools designed to increase trading efficiency and provide a seamless user experience. While specific software integrations may vary, Bitfinex focuses on providing compatibility with trading bots, portfolio management tools and market analysis software to support its users.
Fees associated with using Bitfinex vary depending on the type of transaction, with the platform generally charging a maker/taker trading fee, a withdrawal fee, and fees for other services such as peer-to-peer financing. Bitfinex strives to maintain competitive fees in order to provide value to its users.
Bitfinex supports an extensive list of crypto coins, including but not limited to Bitcoin, Ethereum, Litecoin and Ripple. The platform is committed to expanding its range of digital assets to meet the evolving needs of the cryptocurrency market.
Bitfinex’s services are subject to regulations and compliance requirements, including address verification, which may limit its availability in certain jurisdictions, including the United States. Prospective users should verify the accessibility of the platform based on their location.
Bitfinex employs a variety of security measures to protect users’ funds and information, although detailed information regarding insurance coverage for assets held on the platform should be confirmed directly with Bitfinex’s official resources.
Users can fund their Bitfinex accounts through a variety of methods, including bank wire transfers, cryptocurrency deposits in USD or other tokens, and through certain third-party payment processors. The availability of these methods may vary depending on the user’s location and account verification status.
The processing time for withdrawals on Bitfinex may vary depending on the method used and current network conditions. Generally, cryptocurrency withdrawals are processed within a few hours, while fiat withdrawals may take several business days.
Bitfinex implements several security measures, including two-factor authentication (2FA), withdrawal protection mechanisms, and encryption technology, to ensure the safety and security of users’ funds and personal information.
Bitfinex supports professional traders and institutions by providing advanced trading features, including charting tools, peer-to-peer financing and an OTC market, that differentiate it from other platforms. The platform focuses on innovation and support to meet the sophisticated needs of its users.
Yes, users can participate in margin trading on Bitfinex, which allows them to leverage their trades for potentially higher returns. The platform offers these services as part of its suite of advanced trading tools for experienced traders.

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