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Börsrecension

Bitfinex


Handelsavgift

BTC Uttagsavgift 0.0004 Taker Fee 0.20% Maker Fee 0.10%

Insättninsgmetoder

Yes Wire Transfer No Credit Card


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

Bitfinex Advantages

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.

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

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.

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.

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.

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:

Bitfinex Trading View

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.

You must always ascertain the trading fees at any exchange you are interested in. Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers make the liquidity in a market and takers remove this liquidity by matching makers’ orders with their own.

Bitfinex’s trading fees for takers are 0.20%. This fee is slightly below the industry average which is around 0.25%.

Bitfinex also have a discounted maker fee of 0.10%, which promotes the liquidity at the exchange.

But that’s not all. If you’re a frequent trader at the platform, you will be rewarded for that. The reward will be through trading fee discounts. Sure, in order to receive even the first discount, you need to have traded for an aggregate value of more than USD 0.5 million over the last 30 days, so it’s maybe not for the absolute newbies. But it’s something! The whole table of discounts is set out in the picture directly below:

Bitfinex Trading Fee Discounts

The exchange charges a withdrawal fee amounting to 0.0004 BTC when you withdraw BTC. This fee is far below the industry average and makes the exchange competitive here as well.

On 11 November 2018, Bitfinex announced that they now charge a 3.00% fee on all external withdrawals of fiat currency, if:

  • you have withdrawn more than two times during the preceding 30 day-period, or
  • you have withdrawn more than USD 1 million during the preceding 30 day-period.

According to Bitfinex, this change is insignificant as it only affects 1% of their customers.

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.