- Deep liquidity
- Advanced trade types
- Margin trading and shorting
Not so great for:
- Inexperienced traders
- Large/frequent withdrawal fees
- Complicated fiat currency deposits
Check out our full list of pros and cons or read on.
|Product Name||Bitfinex Professional Trading Exchange|
|Fiat Currencies||USD, EUR, GBP, JPY|
|Cryptocurrencies||BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO, EOS, ETC, ETH, LTC, MIOTA, NEO, OMG, QTUM, SAN, USDT, XMR, XRP, BAT, ZRX, FUN, MANA, SPANK, TNB, RLC, RCN, REP, ELF, AID, SNGLS, SNT, QASH, YOYO, MITH, ETP, XTZ, CNN, BOX, GOT, TKN, UTN|
Cryptocurrency: Fees vary
Express bank wire (within 24 hours on business days): 1%
Cryptocurrency: Fees vary
As of August 15, 2018, Bitfinex does not serve US individual or corporate customers. This means that if your primary residence is in the United States, you will not be able to use any trading or funding services on the platform.
|Trade volume in the last 30 days (USD equivalent)||Maker fees||Taker fee|
|$0.00 or more traded||0.100%||0.200%|
|$500,000.00 or more traded||0.080%||0.200%|
|$1,000,000.00 or more traded||0.060%||0.200%|
|$2,500,000.00 or more traded||0.040%||0.200%|
|$5,000,000.00 or more traded||0.020%||0.200%|
|$7,500,000.00 or more traded||0.000%||0.200%|
|$10,000,000.00 or more traded||0.000%||0.180%|
|$15,000,000.00 or more traded||0.000%||0.160%|
|$20,000,000.00 or more traded||0.000%||0.140%|
|$25,000,000.00 or more traded||0.000%||0.120%|
|$30,000,000.00 or more traded||0.000%||0.100%|
|$300,000,000.00 or more traded||0.000%||0.090%|
|$1,000,000,000.00 or more traded||0.000%||0.085%|
|$3,000,000,000.00 or more traded||0.000%||0.075%|
|$10,000,000,000.00 or more traded||0.000%||0.060%|
|$30,000,000,000.00 or more traded||0.000%||0.055%|
Last checked on Jan 15, 2019
|Cryptocurrency deposit||Free for deposits above US$1,000 equivalent.
Nominal (less than US$1) fees apply otherwise.
|Tether (USDT) deposit||Free for deposits above US$1,000 equivalent.
20 USDT otherwise.
|Fiat withdrawal||Bank wire: 0.1%
Express bank wire: 1%
High frequency/volume bank wire: 3%
|Cryptocurrency withdrawal||Varies depending on cryptocurrency. Typically less than US$1 equivalent.|
|Tether (USDT) cryptocurrency withdrawal||20 USDT|
A high-frequency/volume bank wire is when you either:
These situations attract fiat withdrawal fees of 3%.
|Fiat deposit||No minimum or maximum limits|
|Fiat withdrawal||US$20 minimum|
|Cryptocurrency||The fee amount|
|Charge on fees collected by margin trading providers||15%|
|Charge on fees collected by margin trading providers when opened by a hidden offer||18%|
|Charge on funding that is borrowed and returned without being used in a margin position||Up to 1 full day’s interest|
Spread bets and CFDs are leveraged products and can result in losses that exceed deposits. The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Please ensure you fully understand the risks and take care to manage your exposure.
Bitfinex margin trading is financed peer-to-peer on the platform. Users can trade with up to 3.3x leverage or offer funding to other users for a potential profit.
Margin trading funding is done through an open marketplace and with the funds a user deposits onto the exchange. Users can choose to either automatically match with open funding offers or to place bids for funding.
A user can accept a financing offer for up to 70% of the value of a cryptocurrency purchase. They are not under any obligation to use the financing, may repay the financing plus interest at any time without penalty and may replace existing financing with a more favorable offer.
Users can also provide margin funding to others without necessarily doing any trading themselves.
Cryptocurrency deposits will typically arrive after the appropriate number of confirmations, which varies depending on the cryptocurrency and may change over time. It will typically be a few minutes.
Fiat deposits may take up to about two weeks from start to finish, including account reviews and processing. To get started you’ll need to send an expression of interest in making a fiat deposit, and Bitfinex will commence an account review before sending you the details.
Cryptocurrency withdrawals will typically arrive within 12 hours.
Fiat withdrawals may take up to 10 business days for regular wire withdrawals. Express wire withdrawals (1% fee) should arrive within 24 hours.
To move funds faster, ensure you take steps such as applying two-factor authentication (2FA) and meeting other security requirements.
Bitfinex offers the following order types:
The financing system also lets users go short on Bitfinex — betting that a cryptocurrency’s prices will fall.
This can be done through the finance marketplace and works similarly to the regular Bitfinex financing except in reverse.
Essentially, when you opt to go short, transactions are settled with the borrowed cryptocurrency (the up to 70% that can be financed) rather than your own (the up to 30% funded by your own deposit).
The result is that when prices go down, your own share of the total increases and you profit, while the counterparty’s decreases.
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