Bitfinex Exchange: Reviews, Fees and Trading pairs

Bitfinex: The Leading Cryptocurrency Exchange for Professional Traders

Bitfinex is a cryptocurrency exchange that was founded in 2012. It is based in Hong Kong and offers a platform for trading a variety of digital assets, including Bitcoin, Ethereum, Litecoin, and many other altcoins. Bitfinex also provides margin trading and lending options for its users, allowing for increased flexibility with trading strategies. Despite some regulatory issues in the past, Bitfinex has remained a popular choice for cryptocurrency traders and has consistently ranked among the top exchanges in terms of trading volume.

Bitfinex Exchange: A Comprehensive Overview

Bitfinex is one of the major players in the cryptocurrency exchange industry. With a wide range of cryptocurrencies for trading, advanced features, and a controversial history, it has become a prominent exchange for experienced traders. In this article, we will dive into an in-depth analysis of Bitfinex, including its history, features, pros, and cons.

History of Bitfinex

Bitfinex was established in 2012, making it one of the oldest cryptocurrency exchanges. It was founded as a peer-to-peer Bitcoin exchange and has since evolved to offer a wide range of cryptocurrencies and services. However, Bitfinex has also been shrouded in controversy. In 2016, it suffered a massive hack, leading to a loss of around 120,000 bitcoins. The exchange managed to pay back all the affected users by 2017 through a combination of equity conversion and gradual reimbursement.

Trading Features

Bitfinex is known for its advanced trading features, making it suitable for professional and experienced traders. Some of these features include:

Wide Range of Cryptocurrencies: Bitfinex offers an extensive list of cryptocurrencies for trading, giving users diverse investment opportunities.
Margin Trading: Users can trade with leverage, borrowing funds to amplify their trading position.
Order Types: Bitfinex provides a variety of order types including limit, market, stop, and others which allow traders to execute sophisticated trading strategies.
Lending Market: Users can lend their funds to other traders and earn interest.
APIs: The exchange provides API solutions for automated trading strategies.

Fee Structure

Bitfinex employs a maker-taker fee model. Here is an overview of the fees:

30-Day Trading Volume (USD)	Maker Fees	Taker Fees
< $500,000	0.100%	0.200%
$500,000 - $1,000,000	0.080%	0.200%

Security

Security remains a concern for many users due to Bitfinex's history. However, since the 2016 hack, Bitfinex has significantly upgraded its security protocols. These include:

Two-factor authentication (2FA)
Cold storage for the majority of user funds
Encryption and DDoS protection

The Tether Controversy

Bitfinex is closely associated with Tether (USDT), a popular stablecoin. There have been ongoing concerns and allegations regarding the actual backing of Tether and its relationship with Bitfinex.

Pros and Cons of Using Bitfinex

Pros:
- Wide range of cryptocurrencies and trading pairs.
- Advanced trading features .
- High liquidity.
Cons:
- Not suitable for beginners due to its complex features.
- Historical security issues and controversies.

"Bitfinex remains a powerful platform for serious traders but requires a cautious approach due to its history." - Anonymous cryptocurrency expert.

Conclusion

Bitfinex is a highly feature-rich cryptocurrency exchange best suited for experienced traders. While its advanced trading options and high liquidity are attractive, potential users should also consider the historical security issues and controversies surrounding the exchange.

All coins available for trading on Bitfinex

rank	coin	price $	market cap $	volume 24h $	% 24h	% 7d
1	Bitcoin	62963.68 ↓	1,239,802,071,633	24,793,118,782	-2.43	-1.93
2	Ethereum	3115.67 ↓	380,271,760,251	11,173,337,292	-1.09	1.65
3	Tether	0.99950 ↓	110,506,736,994	45,987,177,445	-0.05	-0.1
4	BNB	592.47 ↓	87,441,089,885	879,588,827	-3.22	5.4
6	XRP	0.51734 ↓	28,575,547,047	1,117,009,700	-3.36	0.9
7	Cardano	0.45904 ↓	16,357,846,107	342,783,349	-3.94	-6.19
8	Dogecoin	0.14560 ↓	20,973,837,368	925,825,445	-3.99	-7.02
9	TRON	0.11921 ↑	10,438,321,015	352,776,368	1.53	8.38
11	Polygon	0.69849 ↓	6,914,434,964	234,652,265	-4.29	2.36
12	Litecoin	87.20 ↑	6,493,218,947	584,400,262	1.82	5.9
13	Polkadot	6.71 ↓	9,650,972,278	189,318,316	-2.91	-0.94
14	Toncoin	5.22 ↓	18,129,527,278	185,615,941	-4.12	-14.62
15	Dai	0.99997 ↓	5,347,734,547	704,346,012	-0.02	-0.03
18	Shiba Inu	0.0000247 ↓	14,571,581,019	546,268,784	-3.88	6.56
19	Avalanche	34.12 ↓	12,904,840,143	355,962,360	-4.41	-4.13
23	Chainlink	14.19 ↓	8,328,677,437	317,743,472	-4.18	1.49
24	Uniswap	7.70 ↓	4,607,589,336	121,549,402	-2.33	1.05
25	OKB	51.95 ↓	3,116,880,522	4,673,215	-1.72	-5.56
26	Monero	119.82 ↓	2,208,216,603	42,143,755	-1.31	0.86
27	Ethereum Classic	26.71 ↓	3,919,922,827	235,487,048	-0.5	1.19
28	Stellar	0.11324 ↓	3,277,143,008	70,630,796	-1.22	-0.13
29	Bitcoin Cash	475.11 ↓	9,358,617,527	332,636,351	-0.85	-0.92
30	Internet Computer	13.01 ↓	6,027,343,677	108,566,030	-5.16	-9.93
31	Filecoin	5.83 ↓	3,171,229,436	166,439,288	-2.63	-6.98
32	Lido DAO	1.94 ↓	1,732,705,636	43,509,262	-3.56	-2.63
34	Aptos	8.92 ↓	3,804,828,392	138,145,165	-1.43	-8.15
38	NEAR Protocol	7.17 ↓	7,642,344,651	636,170,934	-3.21	24.79
39	VeChain	0.03874 ↓	2,817,034,561	55,091,733	-2.6	-5.34
41	The Graph	0.26590 ↑	2,521,573,475	85,212,185	0.26	1.01
45	MultiversX	41.90 ↓	1,125,595,811	22,741,589	-2.8	0.75
46	ApeCoin	1.28 ↑	773,747,633	121,537,197	0.46	2.29
48	Fantom	0.70293 ↓	1,970,754,533	154,574,718	-6.75	-1.36
50	Aave	88.43 ↓	1,309,618,394	79,711,531	-2.24	2.06
53	The Sandbox	0.45196 ↓	1,020,393,598	75,802,167	-3.09	0.02
55	EOS	0.83079 ↑	933,968,499	153,304,361	1.59	5.15
56	Tezos	1.00	984,424,781	28,463,063	-1.18	0.5
57	Maker	2885.66 ↑	2,669,594,084	92,611,614	0.13	-4.4
58	Theta Network	2.28 ↓	2,282,636,422	56,192,167	-7.54	9.45
59	Decentraland	0.45264 ↓	863,787,015	44,327,986	-2.66	2.29
60	Axie Infinity	7.22 ↓	1,036,942,497	39,407,842	-1.95	1.95
66	Curve DAO Token	0.43704 ↓	522,702,654	45,792,120	-1.07	0.51
67	Gala	0.04519 ↓	1,371,519,926	107,879,088	-4.55	0.27
68	Injective	25.72 ↓	2,402,012,276	69,358,613	-3.65	-7.81
74	Chiliz	0.11364 ↓	1,010,103,725	54,874,987	-4.39	0.55
76	XDC Network	0.03740 ↓	520,272,053	10,487,587	-5.19	-5.16
80	Kava	0.69210 ↓	749,447,287	17,695,128	-2.32	2.56
83	Zcash	22.79 ↓	372,132,743	44,387,868	-2.14	1.02
91	Nexo	1.22 ↓	683,664,512	6,408,836	-0.7	-0.16
92	WOO Network	0.30428 ↓	565,162,796	11,334,900	-4.81	2.53
95	Loopring	0.25499 ↓	348,515,969	12,330,027	-3.49	-0.66
97	Zilliqa	0.02488 ↓	432,183,477	18,801,494	-3.17	-1.29
98	Gnosis	325.50 ↓	842,916,081	12,663,628	-1.87	-6.11
99	Flare	0.03025 ↓	1,169,771,631	11,873,487	-2	-8.29
103	Oasis Network	0.09926 ↓	666,378,575	18,956,355	-1.27	-0.73
104	Enjin Coin	0.32426 ↓	447,423,809	16,793,044	-3.71	-3.4
105	1inch Network	0.43277 ↓	501,021,004	23,607,569	-1.45	3.23
106	Basic Attention Token	0.25691 ↓	382,898,846	17,444,105	-1.77	2.77
107	Blur	0.37921 ↓	593,969,353	39,282,008	-2.83	-5.4
110	Chia	29.62 ↓	304,651,281	5,535,230	-3.22	-4.12
115	Qtum	3.93 ↓	411,547,444	51,422,781	-0.96	-2.84
116	Balancer	3.83 ↓	215,591,140	7,989,505	-0.23	-1.04
117	Compound	56.17 ↓	455,656,507	28,198,960	-0.44	1.67
118	Decred	20.78 ↓	332,917,490	3,211,404	-6.82	-2.45
120	Ocean Protocol	0.90423 ↓	513,949,690	29,732,347	-4.86	0.95
121	Celo	0.80907 ↓	431,897,177	19,010,936	-1.48	-0.53
125	Bitcoin Gold	33.96 ↓	594,737,199	3,982,466	-0.97	-5.06
126	Kusama	29.20 ↓	247,336,144	17,943,049	-2.15	-7.48
127	yearn.finance	6986.85 ↓	233,463,033	16,382,867	-0.98	0.36
128	STEPN	0.24137 ↓	466,361,683	35,721,787	-2.19	0.56
132	JasmyCoin	0.01810 ↓	892,507,983	41,291,603	-3	-1.69
134	JUST	0.03330 ↓	329,690,291	25,160,364	-0.1	1.84
137	Terra	0.60903 ↓	439,779,049	38,030,390	-3.42	-0.54
140	EthereumPoW	3.80 ↓	409,684,740	19,473,341	-0.81	-3.89
144	Fetch.ai	2.14 ↓	1,814,228,316	170,304,206	-6.05	-1.99
146	Waves	2.35 ↓	268,367,888	35,288,284	-3.35	-6.97
148	0x Protocol	0.49738 ↓	421,528,204	21,470,595	-3.81	-5.51
158	SushiSwap	1.02 ↓	241,897,356	39,436,627	-1.45	6.67
161	Band Protocol	1.53 ↓	216,504,235	5,455,063	-0.89	1.87
170	Stargate Finance	0.52037 ↓	106,330,733	11,259,842	-3.52	1.67
175	MobileCoin	0.09215 ↑	18,264,868	98,083	3.33	0.93
180	Bitgert	0.0000002 ↓	63,675,742	1,971,506	-5.53	-11.94
182	DigiByte	0.01160 ↓	196,808,710	8,266,189	-3.15	-9.72
195	iExec RLC	2.71 ↓	195,907,290	6,551,442	-4.19	-2.92
198	Kyber Network Crystal v2	0.59810 ↓	112,442,740	12,624,782	-1.09	1.18
209	Bitget Token	1.15 ↓	1,610,347,043	44,523,590	-3.56	-9.33
212	Radix	0.05011 ↓	522,829,649	1,972,137	-4.74	-5.78
214	Tether Gold	2341.20 ↑	577,162,056	4,881,475	0.08	-2.21
217	tomiNet	0.51390 ↓	59,313,764	17,250,385	-4.14	-4.41
218	FTX Token	1.50 ↑	494,575,901	21,538,289	3.51	18.32
235	SwissBorg	0.19222 ↓	189,183,610	1,344,143	-2.43	-7.43
242	ONUS	0.47302 ↑	0	93,730	0.08	0.13
244	Rootstock Smart Bitcoin	63407.27 ↓	177,132,476	348,316	-1.76	-1.06
251	Rootstock Infrastructure Framework	0.18614 ↓	186,143,597	4,471,579	-4.68	-9.82
252	Amp	0.00719 ↓	303,421,485	16,526,564	-3.68	-3.66
263	OMG Network	0.64714 ↓	90,758,008	15,008,997	-3.32	-2.19
276	Request	0.12968 ↓	129,635,681	2,368,935	-7.14	0.55
326	Bancor	0.70150 ↓	90,913,047	5,327,137	-2.1	-1.65
330	Shentu	0.69094 ↓	92,321,935	2,043,951	-6.15	-7.37
331	Augur	0.95488 ↓	10,503,688	741,092	-0.72	-1.34
335	Concordium	0.00503 ↑	47,042,683	691,462	1.61	-0.93

Other exchanges

crypto exchange	volume 1h, USD	volume 1d, USD	volume 1m, USD	to website
Kraken	90,353,992.26	3,194,313,389.4	69,601,180,496.36	open
Binance	502,824,167.29	9,090,068,510.83	188,021,668,265.13	open
Coinbase Pro	78,884,758.77	1,478,102,740.34	22,867,148,390.71	open
bitFlyer	-	-	-	open
BITHUMB	5,513,327.62	194,320,155.65	3,746,650,476.72	open
coinone	1,264,082.99	42,437,435.2	732,535,158.36	open
Gemini	2,463,829.41	83,701,125	2,274,562,528.5	open
Huobi	-	-	-	open
OKCoin CNY	-	-	-	open
Bittrex	146,814.79	3,073,349,378.36	41,831,266,224,903.31	open
POLONIEX	-	-	-	open
Huobi Global	1,005,400,507.9	10,817,681,562.41	1,360,101,686,184.9	open
BTCCHINA	-	-	-	open
OKCoin USD	4,091.13	176,935.47	291,883,001,246.92	open
OKEx	2,380,445,668.47	39,517,338,303.71	1,612,989,626,930.74	open
HitBTC	19,791,120.51	484,138,429.18	15,830,480,116.63	open
BTCTRADE	-	-	-	open
BitMEX	14,329,036,905,492.24	197,403,901,713,689.7	2,054,120,513,659,246.5	open
Kucoin	49,187,724.63	33,734,801,998.95	335,758,426,170.95	open
Bitstamp Ltd.	10,197,977.42	253,571,571.91	4,223,971,605.89	open
Bitfinex	47,433,631.32	570,925,519.85	12,093,006,594.9	open
itBit	-	-	-	open
Deribit	30,235,002,706.06	337,085,270,147.27	15,634,914,333,459.94	open
Zonda	74,353.37	4,367,998.86	53,941,880.4	open
UPbit Korea	12,981,098.14	623,548,363.3	12,724,526,476.89	open
Bibox	-	-	-	open
Cryptopia	-	-	-	open
coincheck	-	-	-	open
Liqui	-	-	-	open
EXMO	1,300,725.77	34,765,831.99	1,069,026,539.78	open
CHBTC	-	-	-	open
Jubi	-	-	-	open
Zaif	183,300.46	13,424,105.7	131,955,350.2	open
Korbit	-	-	-	open
BTC38	-	-	-	open
mtgox	-	-	-	open
LakeBTC	-	-	-	open
Bleutrade	-	-	-	open
Indodax	61,341.74	1,672,216.47	30,219,455.69	open
Tidex	-	-	599,973,579.58	open
ACX	-	-	-	open
Bitso	753,339.9	33,762,854.45	738,087,388.92	open
LiveCoin	-	-	-	open
MixCoins	-	-	-	open
BirWoX	-	-	-	open
Bter	-	-	-	open
Mercado Bitcoin	147,200.36	3,306,381.85	49,769,880.25	open
Coinnest	-	-	-	open
CEX.IO	108,325.55	3,655,384.99	61,900,913.08	open
The Rock Trading LTD.	-	-	-	open
c-cex	-	-	-	open
BitYes	-	-	-	open
QuadrigaCX	-	-	-	open
BitMarket	-	-	-	open
Luno	476,668.87	7,109,147.56	132,049,996.55	open
BTC Markets Pty Ltd.	111,512.67	4,763,262.88	87,629,217.86	open
Vaultoro	-	-	-	open
BtcBox	526,905.66	13,636,704.02	429,976,542.86	open
Gatecoin	-	-	-	open
GetBTC	-	-	-	open
Allcoin	-	-	-	open
Coin Mate	34,930.03	1,709,950.76	32,490,303.12	open
Independent Reserve	393,178.93	6,817,605.86	138,472,323.92	open
DSX	-	-	-	open
coinfloor	-	-	-	open
Abucoins	-	-	-	open
SouthXchange	5,259,309.71	33,660,999,752.71	20,971,352,852,389,970	open
BTC Trade UA	-	-	-	open
Kraken Futures	2,739,765	48,573,498	790,383,965	open
BitVC.com	-	-	-	open
bt.cx	-	-	-	open
Kuna	-	-	-	open
Braziliex	-	-	-	open
Bit2C	-	-	-	open
FYB-SG	-	-	-	open
YUNBI	-	-	-	open
BitKonan	-	-	-	open
FYB-SE	-	-	-	open
BTCC	-	-	-	open
Coingi	33,408.29	210,153.08	3,291,290.38	open
Novaexchange	-	-	-	open
1Btcxe	-	-	-	open
VBTC.VN	-	-	-	open
Coinsecure	-	-	-	open
Foxbit	-	-	-	open
CHILEBIT	-	-	-	open
URDUBIT	-	-	-	open
TOPBTC	-	-	-	open
ZB	-	-	-	open
Switcheo Network	-	-	-	open
WazirX	64,463.08	1,644,688.63	33,818,560.43	open
Fisco	-	-	-	open
Sistemkoin	-	-	-	open
DDEX	-	-	-	open
IDCM	-	-	-	open
Bgogo	-	-	12,616.25	open
RIGHTBTC	-	-	-	open
Bitsane	-	-	-	open
Satang Pro	-	-	-	open
FreiExchange	-	-	-	open
Stronghold	-	-	-	open
Bitmax	1,944,631,440.37	17,968,911,810.15	9,483,205,430,572,956	open
Waves Decentralized Exchange	-	-	-	open
TokTok	-	-	-	open
55 Global Markets	-	-	-	open
Bitibu	-	-	-	open
InfinityCoin Exchange	-	-	-	open
CoinFalcon	-	-	-	open
Coinsquare	-	-	-	open
GOPAX	-	-	-	open
Heat Wallet	-	-	-	open
Kyber Network	-	-	-	open
Graviex	109.89	136,767,202,443	403,601,626,471,669,500	open
FatBTC	-	-	-	open
bitFlyer Lightning	5,165,206.39	121,225,725.59	2,019,774,576.8	open
STEX	-	-	-	open
CryptoBridge	-	-	-	open
Bitbank	1,898,792.03	66,204,332.73	1,221,150,150.91	open
CoinMex	-	-	-	open
Neraex	-	-	-	open
AidosMarket	-	-	-	open
BITKER	-	-	-	open
Coins Pro	-	-	-	open
MODIAX	-	-	-	open
DEx.top	-	-	-	open
LXDX	-	-	-	open
iCE3X	-	-	-	open
ezBtc	-	-	-	open
CoinJar	-	-	-	open
DragonEX	-	-	-	open
Buda	-	-	-	open
Ethfinex	-	-	-	open
EXX	-	-	-	open
LocalTrade	71,004,449.93	1,493,092,412.2	41,020,439,266.05	open
Bithesap	-	-	-	open
Cashierest	-	-	-	open
BHEX	-	-	-	open
Tidebit	-	59,250.24	685,357.4	open
BigONE	30,223,741.45	695,329,874.08	31,059,033,373.06	open
XS2	-	-	-	open
Gatehub	-	-	-	open
Kryptono	-	-	-	open
YunEx	-	-	-	open
COBINHOOD	-	-	-	open
Instant Bitex	-	-	-	open
CryptalDash	-	-	-	open
CryptoMarket	-	-	-	open
FCoin	-	-	-	open
BW	-	-	46,397.76	open
CRXzone	-	-	-	open
MERCATOX	-	-	-	open
GDAC	108,155.8	2,633,610.61	81,860,941.92	open
Bisq	-	-	-	open
OceanEx	1,207,664.52	31,822,959.27	822,310,668.94	open
ExtStock	-	-	-	open
Lykke	215.76	225,953.23	11,392,005.93	open
GuldenTrader	-	-	-	open
BitcoinTrade	-	-	-	open
Huobi DM	1,779,467,495.87	23,484,196,110.89	483,887,976,359.2	open
C-Patex	-	-	-	open
Cryptomate	-	-	-	open
Crypton	-	-	-	open
Coinall	-	-	-	open
Bitkub	539,105,730.9	42,606,882,685.85	869,936,712,600.01	open
Zebpay	-	-	-	open
CHAOEX	-	-	-	open
Coinhub	-	-	-	open
Coinsbit	648,178,048.61	19,936,505,926.9	1,162,185,796,838.48	open
ANXPro	-	-	-	open
BTC-Alpha	-	-	-	open
UEX	-	-	-	open
Xena Exchange	-	-	-	open
Coinrate	-	-	-	open
LiteBit.eu	-	-	-	open
DigiFinex	1,297,889,598.74	35,576,044,616.3	1,263,421,715,269.09	open
Cat.Ex	305,782.14	7,376,954.94	1,555,197,390.5	open
Coinlim	-	-	-	open
LATOKEN	1,346,170.31	40,065,522.93	22,467,500,059,962.35	open
Dcoin	-	-	-	open
COSS	-	-	-	open
Bitinka	-	-	-	open
ISX	-	-	-	open
Tokenomy	-	-	-	open
CoinsBank	-	-	-	open
Koinim	-	-	-	open
Negocie Coins	-	-	-	open
Stellarport	-	-	-	open
DOBI	-	-	-	open
CoinCorner	-	-	-	open
TradeOgre	19,461,201,603.13	466,074,671,818.39	187,165,175,250,258,700,000	open
IDAX	-	-	-	open
CoinBene	-	-	-	open
Hadax	-	-	-	open
SeedCX	-	-	-	open
LBank	1,299,655,579,933.51	46,787,602,132,944.59	2,877,357,285,931,114	open
Allbit	-	-	-	open
C2CX	-	-	-	open
xBTCe	-	-	-	open
CoinSpot	-	-	-	open
CPDAX	-	-	-	open
CoinZest	-	-	-	open
Cryptonex	-	-	-	open
CoinPlace	-	-	-	open
Binance Jersey	-	-	-	open
Vebitcoin	-	-	-	open
Bitrabbit	-	-	-	open
Koineks	-	-	-	open
BitMart	-	-	49,613,395,428,461,970	open
Trade Satoshi	-	-	-	open
CoinTiger	-	-	-	open
Radar Relay	-	-	-	open
Exrates	-	-	-	open
Trade.io	-	-	-	open
BBX	-	-	-	open
Coinut	1,455.03	54,119.04	4,807,534.21	open
Coindeal	-	-	-	open
Cryptology	2,954,244.13	49,054,188.01	988,186,833.43	open
ABCC	-	-	-	open
Rfinex	-	-	-	open
Bitbns	-	-	-	open
Bitex.la	-	-	-	open
Nocks	-	-	-	open
BitShares Asset Exchange	-	-	-	open
BCEX	-	-	-	open
SIMEX	-	-	-	open
Crex24	-	-	-	open
Bitrue	-	-	-	open
BitForex	638,607,939,775.57	13,071,274,584,754.07	569,912,082,923,981.9	open
BTC-e	-	-	-	open
YObit	115,914,238,901.84	3,519,561,319,214.73	7,536,488,398,464.74	open
Gate.io	26,476,452,860,590,824	649,168,688,929,442,600	19,254,978,731,058,377,000	open
BX Thailand	-	-	-	open
Bitlish	-	-	-	open
Token Store	-	-	-	open
Indodax	136,607.57	10,506,027,800,979,844	1,017,454,926,642,614,100	open
Bit-Z	-	-	-	open
ZBG	-	-	-	open
Bilaxy	-	-	-	open
WexNz	-	-	-	open