Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Ethfinex cryptocurrency exchange review

Last updated:  

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 or other exchanges available in the Philippines.

Details

Product Name Ethfinex Cryptocurrency Exchange
Fiat Currencies USD
Cryptocurrencies OMG, TRX, ZRX, SAN, ATMI, AID, BAT, SNT, FUN, & 20+ more
Deposit Methods Cryptocurrency
Trading Fee Maker: 0.05-0.1%
Taker: 0.1-0.2%
Deposit Fees Fees vary
Withdrawal Fees Fees vary

Pros

  • 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 decentralised exchange so you can take advantage of trustless trading if you want
  • Competitive fees
  • Leveraged trading available
  • Fiat and crypto payments accepted

Cons

  • Not a great choice if you want to trade something other than ERC20 tokens
  • Still in beta testing phase
  • At time of writing, due to a backlog ID verification requests were taking between 6 and 8 weeks to complete
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Ethfinex?

Ethfinex rebranded as DeversiFi

Ethfinex has shut down, and rebranded as DeversiFi – a decentralised, 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 date. If you’re looking to buy, sell or trade cryptocurrencies in the Philippines, see the exchanges below.

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 decentralised exchange, Ethfinex allows users to buy and sell dozens of ERC20 tokens. Users also have the option to access the Ethfinex order book through decentralised 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 leverage of up to 3.3:1, discussion boards and access to ICO token sales.

Cryptocurrency exchanges in the Philippines

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Debit card,Neteller,PayPal,Wire transfer,Online banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

16
cryptocurrencies

Disclaimer: Volatile investment product. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Bank transfer (ACH),Bank transfer (SEPA),SWIFT,Xfers,Credit or Debit Card
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

66
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Credit card,Cryptocurrency,Debit card,Osko,PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

262
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
StormGain Cryptocurrency Exchange
Cryptocurrency
USD, EUR, AUD, CHF, CZK, DKK, GBP, HUF & 5+ more

23
cryptocurrencies

Stormgain aims to make cryptocurrency trading easy, and also lets you buy crypto with fiat via Simplex.

UK residents: In addition to normal crypto trading, Stormgain offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

50
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bank transfer (ACH),Credit card,Bank transfer (SEPA), Faster Payments Service,Skrill
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Credit card,Bank transfer (SEPA),SOFORT,SWIFT,Fedwire
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
Bank transfer,Cash,Credit card,Cryptocurrency,Debit card
DZD, XCD, ARS, AMD, AWG, AUD, AZN, BSD, BHD, BDT & 140+ more

2
cryptocurrencies

Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
AdvCash,Credit card,Debit card,Neteller,Payeer
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

9
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Credit card,Cryptocurrency
USD, EUR, AUD, CAD, CHF, CZK, DKK, GBP, HUF, ILS & 20+ more

115
cryptocurrencies

Trade various coins through a global crypto to crypto exchange based in the US.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Bitfinex Professional Trading Exchange
Cryptocurrency
USD, EUR, GBP, JPY

164
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Cryptocurrency,Express Polish Post Office 24/7,Wire transfer,GBP bank transfers
USD, EUR, PLN, GBP

41
cryptocurrencies

This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Bank transfer,Cryptocurrency
GBP, AUD, EUR, USD, CAD, JPY, PHP, RUB, ZAR, MYR & 25+ more

6
cryptocurrencies

A peer-to-peer exchange where users can trade bitcoin and select major altcoins with several fiat currency options.
Cryptocurrency
EUR, GBP

111
cryptocurrencies

Trade crypto to crypto with a choice of over 100 currencies on this global exchange based in China.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
OKEx Cryptocurrency Exchange
Bank transfer,Cryptocurrency,WeChat
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Indacoin Cryptocurrency Exchange
Credit card,Debit card
USD, EUR, RUB

158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

290
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency,Wire transfer
KRW

118
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
USD

278
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Bitstamp Cryptocurrency Exchange
Credit card,Cryptocurrency,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR

5
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

Gate.io Cryptocurrency Exchange
Cryptocurrency
-

36
cryptocurrencies

IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-

257
cryptocurrencies

A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
AdvCash,Cryptocurrency,Payeer,Perfect Money
USD

512
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
Liquid Cryptocurrency Exchange & Margin Trading
Credit card,Cryptocurrency,Debit card,Bank transfer (SEPA),Swapforex
AUD, EUR, JPY, USD, SGD, PHP, HKD

132
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
loading

Compare up to 4 providers

Available countries

Ethfinex is available to users in a wide range of countries, including Australia. However, users in the following countries are prohibited from accessing the 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 US$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:

Currency Small deposit fee (when you deposit less than US$1,000)
BTC 0.0004 BTC
ETH 0.0027 ETH
OmiseGO 0.1374 OMG
TRON 23.85 TRX
USDT Free

Trading fees vary depend 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 volume Maker fee* Taker fee
$0 – $49,999 0.1% 0.20%
$50,000 – $999,999 0.1% 0.19%
$1,000,000 – $4,999,999 0.1% 0.17%
$5,000,000 – $9,999,999 0.1% 0.16%
$10,000,000 – $19,999,999 0.1% 0.14%
$20,000,000 – $29,999,999 0.075% 0.12%
$30,000,000+ 0.05% 0.10%

* 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.

Currency Withdrawal fee
BTC 0.0004 BTC
ETH 0.0027 ETH
OmiseGO 0.1374 OMG
TRON 23.85 TRX
USDT 2.1043 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 famously hacked in 2016, resulting in the theft of 120,000 BTC (worth US$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 US$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 behaviour and the integrity of customer accounts
  • Withdrawal protection
  • Email encryption with OpenPGP

The ultimate aim is for Ethfinex to one day become a fully decentralised exchange. If you’re looking for the trustless trading experience decentralised 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.

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 centre.

Pros and cons

Pros
  • 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 decentralised exchange so you can take advantage of trustless trading if you want
  • Competitive fees
  • Leveraged trading available
  • Fiat and crypto payments accepted
Cons
  • Not a great choice if you want to trade something other than ERC20 tokens
  • Still in beta testing phase
  • At time of 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.

FAQs

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.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Privacy Policy.
Go to site