Ethfinex exchange review

Trade tokens on the Ethereum network and take advantage of direct access to ERC20 crowdsales.

Ethfinex has shut down, and rebranded as DeversiFi.

If you were an Ethfinex user, your funds have been moved over to Bitfinex.

If you’re looking for an equivalent exchange, you may want to consider exploring DeversiFi.

4.0 ★★★★★ (1 review) Write a review


Fiat currencies




Product Name Ethfinex Cryptocurrency Exchange
Fiat Currencies USD
Cryptocurrencies TRX, OMG, ZRX, REP, SNT, WTC, BAT, ELF, FUN, HOT & 30+ more
Deposit Methods Cryptocurrency
Trading Fee Maker: 0.05-0.1%
Taker: 0.1-0.2%
Deposit Fees Fees vary
Withdrawal Fees Fees vary
Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.

What is Ethfinex?

Ethfinex rebranded as DeversiFi

Ethfinex has shut down, and rebranded as DeversiFi – a decentralized, community-operated cryptocurrency exchange.

Existing users who did not move their funds to DeversiFi will now find it at Bitfinex.

The content on this page is out of date.

Currently in its beta testing phase (as of May 2018), Ethfinex is an Ethereum-based subsidiary of Bitfinex. Bitfinex was founded in 2013 and is one of the world’s largest crypto exchanges by trade volume.

Ethfinex was launched to Bitfinex users in December 2017 and opened to new users in January 2018. While Bitfinex is located in Hong Kong and operated by iFinex Inc., Ethfinex Inc. is registered offshore in the British Virgin Islands.

Described as a hybrid decentralized exchange, Ethfinex allows users to buy and sell dozens of ERC20 tokens. Users also have the option to access the Ethfinex order book through decentralized exchange portals, which allows them to access high liquidity without having to actually entrust any of their funds to Ethfinex.

Other features include access to a peer-to-peer financing market, margin trading with a leverage of up to 3.3:1, discussion boards and access to ICO token sales.

Available countries

Ethfinex is available to users in a wide range of countries. However, users in the US are prohibited from accessing the platform. The following countries are also restricted from access of the Ethfinex platform:

  • Bosnia and Herzegovina
  • Democratic People’s Republic of Korea (North Korea)
  • Ethiopia
  • Iran
  • Iraq
  • Syria
  • Uganda
  • Vanuatu
  • Yemen
  • United States

Which payment methods are accepted?

You can deposit funds into your Ethfinex account using the following payment methods:

  • Bank wire transfer
  • Cryptocurrency transfer

How much will it cost me to use Ethfinex?

There are three main types of fees you need to be aware of when using Ethfinex: deposit fees, trading fees and withdrawal fees. While crypto deposits worth $1,000 or more are free, amounts less than this figure attract a “small deposit fee”. The fee that applies to some popular currencies is outlined in the table below:

CurrencySmall deposit fee (when you deposit less than $1,000)
BTC0.0004 BTC
ETH0.0027 ETH
OmiseGO0.1374 OMG

Trading fees vary depending on the volume of trades you place every 30 days. Discounted maker fees are also available through Ethfinex’s Maker Loyalty Program.

30-day trading volumeMaker fee*Taker fee
$0 – $49,9990.1%0.20%
$50,000 – $999,9990.1%0.19%
$1,000,000 – $4,999,9990.1%0.17%
$5,000,000 – $9,999,9990.1%0.16%
$10,000,000 – $19,999,9990.1%0.14%
$20,000,000 – $29,999,9990.075%0.12%

* Maker fee quoted doesn’t include any loyalty fee rebate that may apply.

Finally, withdrawal fees also apply and vary depending on the currency chosen.

CurrencyWithdrawal fee
BTC0.0004 BTC
ETH0.0027 ETH
OmiseGO0.1374 OMG
USDT2.1043 USD

How fast will my funds be available?

When depositing funds to your account, all ERC20 tokens are credited to your balance after a minimum of 20 confirmations. This will usually take at least 5 minutes, but confirmation times vary substantially based on network congestion and the gas price used to send the deposit.

Ethfinex says that withdrawals can take up to 12 hours to be completed.

Is it safe to use Ethfinex?

Bitfinex, Ethfinex’s parent company, was established in 2013 and is one of the oldest cryptocurrency exchanges going around. However, it was notoriously hacked in 2016, resulting in the theft of 120,000 BTC (worth $72 million at the time).

When you sign up for an account with Ethfinex, you’ll need to provide your email address and create a username and password. You’ll need to deposit at least $1,000 of cryptocurrency before you can start trading, and if you want to access features such as fiat deposits and withdrawals, you’ll need to submit proof of ID.

Ethfinex also implements a range of security measures, some standard and some optional, to provide protection for user accounts and funds. These include:

  • The majority of funds stored in offline wallets. Only approximately 0.5% of crypto assets are accessible in “hot” wallets for day-to-day platform operations. The cold wallets are also not available from Ethfinex or the platform servers
  • 2-factor authentication (2FA)
  • Verification tools to monitor suspicious behavior and the integrity of customer accounts
  • Withdrawal protection
  • Email encryption with OpenPGP

The ultimate aim is for Ethfinex to one day become a fully decentralized exchange. If you’re looking for the trustless trading experience decentralized platforms offer, you may want to consider using the Ethfinex Portal. Based on the 0x Protocol, this allows you to access Ethfinex’s order book without handing control of your funds over to the platform.

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Deposit method

Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay

Trading fee

Fees vary

Withdraw fees

Instant Card Withdrawal: Up to 1.5% of the transaction plus a minimum of $0.55
Outgoing Wire Transfer: $25
Fees vary by location and payment method.

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Deposit method

Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill

Trading fee

Fees vary. Overnight and weekend fees apply

Withdraw fees

US$5 (minimum withdrawal of US$50)

Customer support

If you have a question about your account, you’ll find the answers to a range of FAQs in the online Knowledge Base. If you can’t find the assistance you need, you can ask a question or submit a ticket through the platform’s support center.

Pros and cons

  • Trade a wide range of ERC20 tokens
  • Margin trading available
  • Advanced charting and order types also offered
  • A subsidiary of Bitfinex, which has been around since 2013
  • Hybrid decentralized exchange so you can take advantage of trustless trading if you want
  • Competitive fees
  • Leveraged trading available
  • Fiat and crypto payments accepted
  • Not a great choice if you want to trade something other than ERC20 tokens
  • Still in beta testing phase
  • At the time of this writing, due to a backlog ID verification, requests were taking between 6 and 8 weeks to complete

Next steps

If you already have a Bitfinex account, you’ll be able to use those same details to log into Ethfinex. However, if you’re a new customer, compare a range of platforms before deciding whether or not Ethfinex is the right exchange for you.

If it is, click on one of the “Go to site” links on this page to be taken to the Ethfinex sign-up page. You’ll then be able to register by providing your email address and creating a username and password. Don’t forget to also enable 2-factor authentication on your account for added protection.


Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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