Bitfinex: Trade Digital Assets

Bitfinex offers tailored services to meet the specific needs of professional traders, institutional investors and corporate customers. In addition to a full range of trading and charting tools, and access to comprehensive markets for all major pairs, we also offer unparalleled co-location services, enabling optimal, high-speed trading performance and connectivity. Corporate account holders and professional traders can enjoy expedited verification time and rapid customer support ticket responses. Sub-accounts also offer additional benefits, such as segregating risk and enabling separate deposit and withdrawal permissions. Our REST and Websocket APIs provide access to all the features of the Bitfinex platform. Users can create highly customised and advanced trading strategies or build their own trading application on our platform.

About:

Our focus

To provide the highest standards of security and high throughput in a safe and low latency environment, so that traders can access our highly liquid markets.

Our team is made up of visionary people who combine imagination with practical expertise to craft solutions to the market's toughest challenges. We list around 200 different tokens, 400 different spot trading pairs and over 80 perpetual futures contracts. We regularly review all the tokens listed on the exchange to ensure they meet our standards of governance and liquidity, and we're the preferred trading venue for institutions and professional traders. Over the last decade, we’ve worked relentlessly to educate customers about the benefits and attributes of Bitcoin and the blockchain, while providing a technically superior environment to buy, hold and sell tokens.

Our technology

Our leading-edge solutions and knowledge are the foundation of our success and allow us to further the true principles of Bitcoin: equality, justice and freedom.

In our digital world, we have more tools than ever that enable people to transact and interact freely with each other. Many of the traditional tools of payments and communication route information through centralised servers that store private information and charge high prices to communities that need them most but can’t afford them. We believe Bitcoin provides a technology and a payments solution that’s fast, efficient and private. With no centralised servers or unnecessary intermediaries - and at near zero-cost - it enables financial inclusion and freedom. We are proud to have nurtured and incubated Holepunch, the peer-to peer company, which is pioneering distributed systems.

Features:

Getting started / KYC

Signing up for BitFinex is easy and requires no KYC for cryptocurrency trading. Users can begin swapping digital assets as soon as they enable 2FA on their account.

Bitfinex Trading terminal

BitFinex's trading page can be overwhelming. This is because all trading options are available through a single trading interface; just toggle between tabs to switch to derivatives and margin trading.

Bitfinex Staking

BitFinex provides staking for certain proof-of-stake cryptocurrencies such as Cardano and Tezos. Users can deposit assets and receive interest paid out to their accounts weekly.

Bitfinex app

BitFinex has a mobile app for both Android and iOS. This gives traders access to BitFinex's advanced trading features while on the go.

Live customer support

BitFinex provides users with live customer support. Traders can access live chat on any page via a chat box at the bottom of the screen.

List of services on BitFinex

BitFinex is a complex exchange to navigate, but for seasoned traders, the ability to seamlessly access margin trading and lending through the P2P marketplace is a major advantage. Having P2P on BitFinex exchange creates a fluid movement of funds between lending, borrowing and trading without the need for a third-party intermediary.

Pros & Cons:

Pros

User Interface: The user interface is well-suited for advanced and expert traders

Margin Trading: Bitfinex offers futures trading

Margin Trading: Margin Trading with high leverage is possible

Cons

Limits: Minimum deposits and withdrawals of 10,000 for USD/EUR/GBP, 1,000,000 for JPY, and 75,000 for CNH

Fees: High fiat withdrawal fees

Availability: Not available in the US

Conclusion:

Bitfinex offers high leverage for margin trading in futures and spot markets and a wide selection of coins and tokens. Fiat withdrawals are subject to a high minimum fee and the security track record of the exchange is a reason for concern. Bitfinex was hacked twice, once in 2015 and once in 2016, losing Bitcoin worth over $60 million. User funds stored at the exchange are not insured.