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Score 83 / 100
Security 9
Customer Support 10
User Friendly 7
Regional Availability 10
Reputation 9
Fees 10

At Bitfinex you can find a lot of different cryptocurrencies, not just Bitcoin or Ethereum. This makes Bitfinex the perfect exchange if you are looking to invest in smaller cryptocurrencies hoping for higher returns!

Pros and Cons

  • Check0.1% - 0.2% Fee
  • CheckTrades most Cryptocurrencies
  • CheckSafe
  • CheckGood Customer Service
  • CrossOnly Accepts Crypto and Bankwire
  • CrossDifficult for Beginners

Payment Methods

Payment Method Name Deposit Fees Exchange Rates Max Purchase
Without Verification
Max Purchase
With Verification
CheckCredit CardCross
CheckPaypalCross
CheckCashCross
CheckNetellerCross
CheckBankwire0.1-2% Good50 000$Check
CheckSkrillCross
CheckCryptos0%UnlimitedCheck

Bitfinex Review

Bitfinex does not accept credit card as a method of deposit as they only accept deposits through cryptocurrencies or bank wire transfer. In addition to this, Bitfinex is quite a bit harder to use than some of their competitors we have reviewed here on Coinworld.io.

However, if you are a serious trader and intend to make a lot of transactions, Bitfinex might be the choice for you. Since they offer margin trading and a platform for you to trade cryptocurrencies instantly at a market rate, you will save a lot of money on transaction costs with Bitfinex.

Bitfinex fees are only 0.1-0.2% on trades, and a 0.1% fee on bank wire deposits, which is lower than any other exchange we have reviewed. Bitfinex offers online wallets for you to hold your funds in, however if you are planning to not trade with them frequently, we recommend you to withdraw them into your own wallet. You can learn more about wallets and how to keep your cryptocurrencies safe in our Learn-section. 

 

Review Score: 83

Company Information

Company: Bitfinex

Bitfinex was founded in 2013 and is one of the largest cryptocurrency exchanges around today. Bitfinex is based out of Hong Kong. 

Traded Currencies

  • CheckCheckBitcoin
  • CheckCheckEthereum
  • CheckCheckRipple
  • CheckCheckLitecoin
  • CheckCheckStratis
  • CheckCheckNEM

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Contents1. What is a cryptocurrency? 2. What determines the value of a currency? 3. Cryptocurrency Mythbusting3.1 Cryptocurrencies are only used for illegal things3.2 Cryptocurrencies are just a bubble3.3 Cryptocurrencies aren’t backed by anything 3.4 Risks associated with cryptocurrencies4. How to buy and store your Bitcoin and Ethereum4.1 What is a wallet? 4.1.1. Hardware Wallet4.1.2. Paper Wallet4.1.3. Online wallet4.2 […]

The Unbelievable Story of Bitcoin – [Part 1]

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By Victor Hedman - July 3, 2017

Part 1 – The Inception Before Bitcoin In 2007, a person or group by the name Satoshi Nakamoto began outlining an idea for the first global digital currency . It was not the first time someone attempted to create a digital currency protected by strong encryption. As early as in 1983, a man by the […]