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Bitfinex

Bitfinex Review (2026)

7.5

Bitfinex is a veteran exchange catering to professional traders with deep liquidity, advanced order types, and peer-to-peer margin funding.

Founded: 2012HQ: British Virgin Islands
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About Bitfinex

Founded in 2012 and operated by iFinex Inc., Bitfinex is one of the longest-running cryptocurrency exchanges. Based in the British Virgin Islands and closely affiliated with Tether (USDT), Bitfinex is known for its professional-grade trading interface, deep order books, and unique peer-to-peer margin funding market where users can lend and borrow funds. The platform supports over 200 trading pairs and offers up to 10x leverage. Bitfinex caters primarily to professional and institutional traders who require advanced order types and high liquidity. The exchange suffered a major hack in 2016 ($72M in BTC) but has since repaid affected users.

Fees

Fee TypeAmount
Maker Fee0.10%
Taker Fee0.20%
Withdrawal FeesVaries by coin (e.g. BTC: 0.0004 BTC, ETH: 0.00135 ETH)
Deposit FeesFree for crypto; 0.1% for fiat (min $60)

Fees decrease significantly with volume. High-volume traders can reach 0% maker fees. LEO token holders get up to 25% discount.

Features

Fiat Support
Staking
Margin Trading
Futures Trading
P2P Trading
Copy Trading
Mobile App
Demo Account

Security

Two-Factor Auth
Cold Storage
Insurance
KYC Required
Proof of Reserves
Regulated in: British Virgin Islands, El Salvador

Pros

  • Deep liquidity ideal for large-volume trades with minimal slippage
  • Unique peer-to-peer margin funding market for earning interest
  • Advanced order types including scaled, iceberg, and OCO orders
  • Competitive fees that decrease to 0% maker with high volume

Cons

  • Not available in the United States
  • History of controversy including 2016 hack and Tether scrutiny
  • Interface is not beginner-friendly
  • Minimum fiat deposit/withdrawal of $10,000 for wire transfers

Verdict

Bitfinex is built for professional traders who need deep liquidity, advanced order types, and margin funding capabilities. Its learning curve and controversial history may deter casual users, but serious traders will appreciate the platform's powerful features.

Frequently Asked Questions

This content is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk.

Rating Breakdown

Overall7.5/10
Fees8/10
Security7/10
Ease of Use6.5/10
Coin Selection7/10
Customer Support6.5/10

Quick Info

Founded
2012
Headquarters
British Virgin Islands
Supported Coins
200+
Fiat Currencies
5+

Last updated: 2026-04-01