Bitfinex

Bitfinex Review

What is Bitfinex?

Bitfinex is a cryptocurrency exchange that has been active since 2014. iFinex Inc. and the Bitfinex brand is domiciled in the British Virgin Islands with teams supporting operations in and across all five continents.

Bitfinex gives users the choice to easily trade over 160 assets, including: Bitcoin, Ethereum, EOS, Tron, and Tether USDT with minimal slippage. It hosts state-of-the-art services for digital currency traders and global liquidity providers, with features including: Spot, Margin and Funding markets, a suite of advanced order types, and fully customizable applications across web and iOS and Android.

Bitfinex Advantages

Bitfinex also names a few other factors as advantages with its trading platform on its website, as set out in the below picture.

Bitfinex Liquidity

On the date of last updating this review (2 December 2021) the 24-hour trading volume had changed from USD 1.4 billion to USD 391 million on 20 March 2020, according to coinmarketcap.

Pro-suite of Order Types

A pro-suite of order types and tools empower traders to match their preferred strategy to every situation, including algorithmic order management.

Margin Trading and Margin Funding

Bitfinex allows users to trade with up to 3.3x leverage by taking advantage of funding from the peer to peer margin funding market. The best available funding rate is automatically sort for the position, or alternatively users can enter a funding order themselves to borrow the desired amount, at the specified rate and duration of their choice.

Bitfinex also offers margin funding. The margin funding market provides a secure way to earn interest on fiat and digital assets by providing funding to traders wanting to trade with leverage. Users can offer funding across a wide range of currencies and assets at the rate and duration of their choice. In addition to this, users can use the Auto-Renew feature to renew offers automatically upon expiry.

Affiliate Rewards

Bitfinex offers a wide range of affiliate rewards in the form of new trader fee discounts and fee commission, as well as social media engagement rewards and also Developer rewards for API integrations. You can sign up to their affiliate program here.

US-investors

Unfortunately for US-investors, this exchange prohibits US-investors from trading on its exchange. So if you are a US-investor and wants to trade here, you’ll have to consider one of the other top crypto exchanges instead.

Bitfinex Trading View

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. The below is a picture of the trading view at Bitfinex:

We’ll let you consider the above trading view for yourself. But it is clear that the trading view has advanced charting functionality that allows traders to visualise orders: positions and price alerts, tap to modify order properties, and annotate trading strategies.

Bitfinex Trading Fees (Zero-Fee Model)

Trading fees are one of the most important costs to evaluate when choosing a crypto exchange. Traditionally, exchanges charge different fees depending on whether you act as a maker (adding liquidity to the order book) or a taker (removing liquidity by matching an existing order).

Bitfinex has fundamentally changed this model.

Bitfinex is the first major cryptocurrency exchange to eliminate trading fees entirely, offering 0.00% maker and 0.00% taker fees across spot, margin, derivatives, securities, and OTC trading. There are no tiers, no volume thresholds, and no promotional limitations, zero fees apply to all traders.

This means:

• You keep 100% of your trading profits, with no fee drag
• High-frequency strategies, rebalancing, and hedging become cheaper to execute
• Smaller accounts gain access to advanced strategies that were previously fee-prohibitive

Compared to typical exchanges that charge 0.08%–0.40% maker fees and 0.10%–0.60% taker fees, Bitfinex’s zero-fee structure represents a major shift in cost efficiency for active traders.

Bitfinex Withdrawal Fees

While trading fees are fully removed, Bitfinex continues to apply standard network-based withdrawal fees, which vary depending on the asset and current blockchain conditions.

For Bitcoin withdrawals, Bitfinex charges a BTC network fee designed to reflect on-chain costs rather than a percentage-based trading surcharge. These fees remain competitive relative to industry norms and are primarily intended to cover miner fees.

For fiat withdrawals, Bitfinex applies conditions and fees based on withdrawal frequency and total volume over a rolling 30-day period. Higher fees may apply to users who:

• Make multiple fiat withdrawals within a short timeframe, or
• Exceed large aggregate withdrawal amounts

According to Bitfinex, these policies affect only a small percentage of users and are designed to support liquidity management and operational efficiency.

Bottom Line

• Trading fees: 0.00% maker / 0.00% taker
• No volume tiers or thresholds
• Applies to spot, margin, derivatives, securities, and OTC
• Withdrawal fees: network- and method-dependent

Bitfinex’s zero-fee trading model makes it one of the most cost-efficient platforms available for active and professional crypto traders.

Deposit Methods

At Bitfinex, you can deposit through wire transfer, but deposits via credit cards are not permitted. If you for any reason need an exchange that also accepts deposits via credit cards, you can find one by using the filters in our Exchange List.