Bitfinex Review & Product Details 2022

What is Bitfinex?

Unfortunately, Bitfinex is not active in United States of America
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After opening its doors back in 2012, Bitfinex was soon considered the original best crypto exchange for serious crypto enthusiasts. Naturally, we sent our experts to see if this statement is still true. Bitfinex currently offers over 200 cryptocurrencies and various pairings, full access to portfolios via a dedicated app, an abundance of charting tools and plenty more.

bitfinex reviews
Bitfinex: Pros & Cons
  • Mobile accessibility
  • Great range of cryptocurrencies
  • Fair fees
  • Suited to experienced traders

What can you trade on Bitfinex?

Bitfinex supports over 200 cryptocurrencies and offers various pairings to trade against. Currently, you can expect to find pairs for BTC, LTC, SOL, ETH, ADA, XRP, DOGE and many lesser-known digital assets.

Bitfinex user experience

The Bitfinex site is professional and slightly clinical, appealing to those with an experienced or professional trading background. When compared to other sites, there are far fewer educational resources on offer but the range of charting tools and indicators is fantastic. When trading, users will find swift execution and minimal slippage.

Bitfinex account types

Basic
(Individual and Corporate)
Once you have provided Bitfinex with your email address you can deposit, withdraw, margin trade and make use of OTC.
Basic Plus
(Individual and Corporate)
Gives traders access to the Public Pulses and requires an official photo ID, selfie and phone number to unlock.
Intermediate
(Individual and Corporate)
Requires a second photo ID to be presented. Once authorised, traders can deposit and withdraw stablecoins, unlock derivatives trading and make use of faster deposits.
Full
(Individual and Corporate)
A full account may take 6-8 weeks to receive, due to the strict KYC processes followed. Once reviewed, traders can take full advantage of the Bitfinex platform, including the option to bank wire funds.

Bitfinex trading tools

Advanced charting toolsWhen it comes to cementing your strategies, Bitfiniex provides enough tools, indicators and resources to help you along the way.
Educational resourcesAcross the Bitfinex platform, traders can also make use of in-depth articles, blogs and the latest news to help you on your trading journey.

Bitfinex review of payments

You can buy crypto using fiat at Bitfinex via the third-party payment processors OWNR and Mercuryo. Experienced traders can also send digital currency directly to their dedicated Bitfinex wallets.

Bitfinex review of fees

Minimum depositVaried per asset
Deposit feeFree for crypto, minimum of £60 for fiat
Inactivity feeN/A
Account feeN/A
Maximum leverage1:10
Overnight feeN/A
Minimum withdrawal£5

Bitfinex customer service

Customer support can be found by visiting the support centre. Here, we found plenty of answers to common questions and the chance to talk directly to an agent or submit a request.

Is Bitfinex safe and regulated?

Bitfinex is one of the most secure exchanges around, opting to store 99.5% of all funds offline. They also require all members to pass strict KYC and AML processes, encourage the use of 2FA, and are protected by DDoS to prevent halts in trading should Bitfinex ever come under attack.

Does Bitfinex have an app?

Yes, all Bitfinex users will be able to access their full portfolio and trade freely across the fully-functional Bitfinex iOS and Android apps.

Bitfinex Crypto Exchange

Bitfinex review FAQ

Has Bitfinex ever been hacked?

Yes; however, since then, Bitfinex has made use of the best security features and strictly adheres to KYC and AML protocols.

Does Bitfinex offer any additional bonuses?

There are no direct bonuses; however, traders can receive a 5% rebate on each trade made through APIs

Does Bitfinex have its own wallet?

Currently, traders can send money to their exchange, margin or funding wallets safe in the knowledge that 99.5% of funds are kept offline.

Bitfinex review - conclusion

There is no doubt that Bitfinex has earned its spot as a serious contender for the best crypto exchange 2022. At the time of writing, the multi-million strong client base can access over 200 cryptocurrencies online or via a dedicated mobile app and make use of minimal slippage across an intricate trading platform. Charts can be personalised swiftly, support can be contacted promptly and fees remain fair at all times.

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