No Regulation

Score

0123456789.01234567890123456789
/10

BITFINEX

The Virgin Islands

|

10-15 years

Suspicious Regulatory License|

United States MSB License Revoked|

Suspicious Overrun|

High potential risk

https://www.bitfinex.com/

Website

Yesterday Vol
7 Days
Rating Index
Influence

Influence

AA

Influence Index NO.1

Russia 7.78

Exchange assets(USD)
$28,772,020,166.14
Influence
AA

Exchange assets(USD)

$28,772,020,166.14

Licenses

FinCEN

FinCENRevoked

MSB License

Exchange Info

More
Company Name
BITFINEX
Phone of the company
--
Company website
More
Customer Service Email Address
--

WikiBit Risk Alerts

4
Previous Detection 2024-06-15

The number of this Exchange's nagitive field survey reviews has reached 2, please be aware of the risk and the potential scam!

United StatesFinCEN (license number: 31000162888565) The regulatory status is abnormal, the official regulatory status is Revoked, please be aware of the risk!

MSB License goes beyond their business with the licenses United States FinCEN (license number: 31000162888565), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Exchange assets

Update on 10:28:50

Total Asset:

$28,772,020,166.14 USD

BTC

79.90%

LEO

12.71%

ETH

4.88%

USDT

0.90%

Others

1.61%

Token

BTC

bc1qgd...jwvw97

BTC

bc1qgd...jwvw97

LEO

0xC61b...CE193C

BTC

3JZq4a...9rF97j

ETH

0xC61b...CE193C

BTC

1Kr6QS...Ua9i1g

ETH

0x742d...38f44e

BTC

3JZq4a...9rF97j

USDT

0x7713...7635ec

USDT

0x7713...7635ec

Quantity

Price

Value

180,010.08

$66,085.1811 USD

$11.896b USD

210,010.09

$43,444.5337 USD

$9.1238b USD

648,000,000.00

$5.5572 USD

$3.6011b USD

22,561.44

$66,085.1811 USD

$1.491b USD

328,053.76

$3,482.6343 USD

$1.1425b USD

4,487.19

$66,085.1811 USD

$296.5368m USD

61,484.16

$3,482.6343 USD

$214.1268m USD

3,537.17

$43,444.5337 USD

$153.6707m USD

131,734,784.97

$0.9995 USD

$131.6681m USD

58,487,900.17

$0.9995 USD

$58.4583m USD

Vol Stat

Influence

Yesterday Vol

7 Days

$ 84.65m

$ 84.65m

57.49%

$ 22.81m

$ 22.81m

15.49%

$ 11.011m

$ 11.011m

7.48%

$ 6.64m

$ 6.64m

4.51%

$ 5.185m

$ 5.185m

3.52%

$ 2.581m

$ 2.581m

1.75%

$ 824,248

$ 824,248

0.55%

$ 808,322

$ 808,322

0.54%

$ 684,266

$ 684,266

0.46%

$ 608,413

$ 608,413

0.41%

$ 562,450

$ 562,450

0.38%

$ 529,659

$ 529,659

0.35%

$ 484,072

$ 484,072

0.32%

$ 399,668

$ 399,668

0.27%

$ 329,098

$ 329,098

0.22%

User Reviews

More

14 ratings

Participate in evaluation
Araminah
It offers a wide range of cryptocurrencies for trading, so if you're into shitcoins, this might be your paradise.
2023-09-13 07:20
5
Wina3434
Bitfinex is one of the most popular cryptocurrency exchanges globally, notable for its low fees. It's also closely associated with the Tether stablecoin, which has gotten the exchange into trouble with regulators. Bittfinex's low fees are a plus, but its spotty history might be concerning for potential users.
2023-10-04 10:01
6
FX1236452505
Disappointed with BITFINEX! The interface is less user-friendly. Data security & protection is also in doubt.
2023-12-02 14:23
4
Scarletc
Bitfinex is a well-known crypto exchange platform that's oriented towards more experienced crypto traders. The exchange employs some low fees, has a wide array of features, and a decent number of supported trading pairs, as well.
2023-12-07 22:05
8
SolNFT
Bitfinex has worked on improving its regulatory compliance over the years, which is essential for building trust among users and regulators.
2023-11-03 05:32
19
Arie Setiawan
Bitfinex has a top-notch interface, very user-friendly. They need to work on their customer service though.
2024-02-23 19:01
7
Gentle Tommy
BITFiNEX is a good and simple platform. the app interface is easy to use.
2023-11-04 02:03
5
SolNFT
Bitfinex offers staking services, allowing users to earn interest on their cryptocurrencies by participating in staking programs.
2023-10-31 12:56
10
SolNFT
Bitfinex provides a mobile app for trading on the go, making it accessible to users who prefer to manage their investments from their mobile devices.
2023-10-31 06:16
2
전윤미
Bitfinex nails it with fantastic user interface, supports most big coins. However, transaction fees are a bit hefty.
2023-10-07 11:42
1
joyce2712
it is a very knowledgeable platform...they reslove thier issues quickly
2023-11-03 13:10
3
linahscott
The app interface is beginner friendly and easy to use and understand
2023-11-03 09:18
2
ika2717
Good service here
2023-08-24 17:55
6
幽灵花开
My account was liquidated on September 25. The platform told me it was restricted by Chinese regulation and likely to be solved in 60 working days. Help.
2021-09-28 15:05
0
Aspect Information
Company Name Bitfinex
Registered Country/Area Hong Kong
Founded Year 2012
Regulation Exceeded FinCEN requirements
Cryptocurrencies Available Bitcoin, Ethereum, Litecoin, Ripple, and more
Trading Fees Tiered fee structure, ranging from 0.1% to 0.2%
Payment Method Bank wire transfer, cryptocurrency deposits and selected third-party payment processors
Customer Support Twitter (https://twitter.com/bitfinex) and Facebook (https://www.facebook.com/bitfinex1)

Overview of BITFINEX

Bitfinex is a virtual currency exchange company based in Hong Kong. It was founded in 2012 and is currently not regulated. The platform offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, Ripple, and more. Bitfinex allows users to leverage their trades with a maximum leverage of up to 5x. The company provides a user-friendly trading platform that is accessible via web and mobile devices.

For deposit and withdrawal, Bitfinex accepts currencies such as USD, EUR, and various cryptocurrencies. To help users understand the virtual currency market, Bitfinex offers educational resources and guides on their website. Additionally, they provide 24/7 customer support via email to assist users with any inquiries or issues they may have.

Overview of BITFINEX

Pros and cons

Pros Cons
Wide range of cryptocurrencies Exceeded the regulation by the FinCEN
Leverage up to 5 times Potential security risks
User-friendly platform Limited customer support options

Pros of Bitfinex include:

1. Wide range of cryptocurrencies: Bitfinex offers a wide selection of cryptocurrencies for trading, including popular ones like Bitcoin, Ethereum, Litecoin, and Ripple. This allows users to diversify their portfolio and take advantage of various investment opportunities.

2. Leverage up to 5 times: Bitfinex provides a leverage trading option, allowing users to potentially amplify their trading positions by up to 5 times. This feature can be advantageous for experienced traders who want to maximize their potential profits.

3. User-friendly platform: Bitfinex offers a user-friendly trading platform that can be accessed through web and mobile devices. This makes it convenient for users to trade on the go and stay updated with market trends.

Cons of Bitfinex include:

1. Exceeded the regulation by the FinCEN: The Regulation Status is listed as “Exceeded”, indicating that Bitfinex has exceeded the regulatory requirements set by FinCEN.

2. Potential security risks: While Bitfinex has implemented security measures to protect user funds, there have been instances of security breaches in the past.

3. Limited customer support options: Bitfinex offers 24/7 customer support via email, but some users may prefer additional support channels such as live chat or phone support. The availability of multiple customer support options can enhance the overall user experience and provide prompt assistance when needed.

Regulations

The regulatory situation of Bitfinex can be described based on the information provided. Bitfinex is regulated by the Financial Crimes Enforcement Network (FinCEN) and holds an MSB License. The Regulation Number for Bitfinex is 31000162888565. However, it is important to note that the Regulation Status is listed as “Exceeded”, indicating that Bitfinex has exceeded the regulatory requirements set by FinCEN. The License Type held by Bitfinex is an MSB License, and the License Name is BFXNA INC.

Regulations

Security

The security measures implemented by Bitfinex help protecting user funds and provide a secure trading environment. Some of the protection measures include the use of strong encryption protocols, two-factor authentication (2FA), and withdrawal whitelisting. These measures help to safeguard user accounts and mitigate the risk of unauthorized access.

Trading Market

Bitfinex offers both well-established crypto staples and newer, innovative flavors.

Main Course:

  • Bitcoin (BTC): The undisputed king, available for spot, margin, and futures trading, letting you ride the waves of the crypto sea.

  • Ethereum (ETH): The programmable powerhouse, ideal for developers and DeFi enthusiasts, offered in spot and margin forms.

  • Tether (USDT): The stablecoin sanctuary, pegged to the US dollar, providing a safe haven for navigating turbulent markets.

Altcoin Adventure:

  • Litecoin (LTC): The “silver to Bitcoin's gold,” offering faster transactions and lower fees for swift maneuvers.

  • Ripple (XRP): The cross-border champion, aiming for instant global payments, available for spot and margin trading.

  • EOS (EOS): The speed demon, known for its lightning-fast transactions, accessible in spot and margin forms.

DeFi Delights:

  • Aave (AAVE): The lending maestro, allowing you to earn interest on your crypto in spot and margin.

  • Uniswap (UNI): The decentralized exchange darling, enabling peer-to-peer token swaps, offered in spot form.

  • Chainlink (LINK): The data oracle, bridging the gap between blockchains and the real world, available for spot trading.

Beyond Crypto:

  • Fiat Currencies (USD, EUR, GBP, JPY): Traditional gateways for entering and exiting the crypto haven.

  • Tokenized Securities: Explore a unique blend of traditional assets like equities and bonds through tokenized versions.

Cryptocurrencies available

Cryptocurrencies available on Bitfinex include popular options such as Bitcoin, Ethereum, Litecoin, and Ripple, among others. These cryptocurrencies are subject to price fluctuations on the exchange, as their values are influenced by market demand and supply dynamics.

The prices of cryptocurrencies on exchanges are influenced by factors such as trading volume, investor sentiment, regulatory developments, and macroeconomic trends, among others. It is important for users to closely monitor the market and stay updated with relevant news and events that can impact cryptocurrency prices.

In addition to cryptocurrency trading, Bitfinex offers other products and services such as leverage trading, where users can potentially amplify their trading positions by up to 5 times. This feature can be beneficial for experienced traders who want to maximize their potential profits.

Cryptocurrencies available

Services

Beyond the bustling exchange floor, Bitfinex offers a spectrum of services serving various needs.

  • Margin Trading: Take advantage of leverage (borrowing from the exchange) to amplify your potential profits (and losses). This high-risk, high-reward strategy requires experience and careful risk management.

  • Derivatives: Venture into the world of futures and options contracts for advanced risk management and speculation. Futures lock in a future price for asset, while options grant the right (not obligation) to buy or sell at a specific price by a certain date.

  • P2P Trading: Bypass the order book and trade directly with other users, setting your own rates and terms. This personalized approach offers greater flexibility but requires finding suitable counterparties.

  • OTC Trading: For large-volume trades, discretion is key. Over-the-Counter (OTC) trading allows institutional clients to negotiate prices directly with the exchange, ensuring anonymity and market stability.

  • Lending: Earn passive income by loaning your idle crypto to other users through Bitfinex's lending pool. Interest rates vary depending on demand and the specific coin.

  • Securities Trading: Bridge the gap between traditional finance and crypto with tokenized equities and bonds. Gain exposure to familiar assets like stocks and bonds within the crypto ecosystem.

  • Staking: Support blockchain networks and earn rewards by locking up your crypto in designated protocols. Different protocols offer varying staking periods and reward mechanisms.

  • API & WebSockets: Build your own trading applications and automate strategies with Bitfinex's robust developer tools. Access real-time market data and execute trades programmatically.

  • Services

    Bitfinex APP

    The Bitfinex mobile app provides a user-friendly 'on-the-go' trading experience, offering full functionality comparable to the platform.

    Users can easily navigate cryptocurrency markets, view positions, orders, and trading history with a simple tap. The app supports a range of digital currencies, allowing users to benefit from various order types, margin trading, and additional features.

    Lite Mode provides a clutter-free, easy-to-use interface for trading, staking, and lending crypto with just a few taps. Stay connected with market updates through Bitfinex Pulse, a social platform and news feed aggregator.

    FastPay streamlines payments, enabling instant Tether or BTC Lightning transactions.

    Download the app on Apple Store or Google App Store for a comprehensive crypto experience.

    Bitfinex APP

    How to open an account?

    The registration process of Bitfinex can be broken down into the following steps:

    Visit the Bitfinex website and click on the “Sign Up” button. Provide your email address and create a strong password.

    How to open an account?

    2. Verify your email address by clicking on the verification link sent to your inbox.

    3. Complete the second level of security by setting up two-factor authentication (2FA) for your account. This adds an extra layer of security to protect your funds.

    4. Provide personal information, including your full name, date of birth, and country of residence. This information is required for compliance with Know Your Customer (KYC) regulations.

    5. Upload identification documents, such as a passport or driver's license, to verify your identity. This step is necessary to comply with KYC requirements and prevent fraudulent activities.

    6. Wait for the verification process to be completed. Bitfinex may take some time to review and approve your account. Once approved, you will receive a notification, and you can start trading on the platform.

    How to Buy Cryptos?

    To buy crypto on Bitfinex, follow these step-by-step instructions:

    Buying Crypto with Fiat or Cards:

    Access the Buy Section:

    • Within Bitfinex, find the section for buying crypto with fiat or cards.

    • Select Payment Method:

      Choose your preferred payment method, either fiat currency or credit/debit cards.

      Follow Payment Process:

      Complete the required steps for your chosen payment method. This may involve providing card details, verifying identity, etc.

      4. Confirm Purchase:

      Once the payment is processed, confirm the purchase, and the crypto will be added to your Bitfinex account.

      Mobile Purchase:

      Download Bitfinex Mobile App:

      • If you prefer mobile, download the Bitfinex app on your device.

      • Login or Sign Up:

        Log in to your Bitfinex account or create one through the mobile app.

        Navigate to Buy Section:

        Access the section for buying crypto within the mobile app.

        Choose Method:

        Select your preferred method – either using crypto or fiat/cards.

        Complete Purchase:

        Follow the prompts to complete the purchase, whether through crypto deposit or fiat/card payment.

        Bitfinex's mobile accessibility ensures a convenient on-the-go experience for buying various cryptocurrencies.

        How to Buy Cryptos?

        Fees

        The trading fees on Bitfinex are based on a tiered fee structure that factors in the user's trading volume over the past 30 days. The fees range from 0.1% to 0.2% for makers and 0.2% to 0.2% for takers. The maker fee is applicable when a user adds liquidity to the order book by placing a limit order, while the taker fee is charged when a user removes liquidity by executing a market order.

        In addition to trading fees, Bitfinex charges fees for deposits and withdrawals. The fees vary depending on the currency and payment method used. For example, the deposit fee for cryptocurrency is generally free, while the withdrawal fee varies based on the specific cryptocurrency.

        Fees

        Deposit & Withdrawal

        Bitfinex offers various deposit and withdrawal methods for users. Users can deposit funds into their Bitfinex accounts through bank wire transfer, cryptocurrency deposits, and certain third-party payment processors. Withdrawals can be made in the form of bank wire transfers or cryptocurrency withdrawals.

        The processing time for deposits and withdrawals on Bitfinex can vary depending on the chosen method. Bank wire transfers generally take longer to process and can take several business days to complete. Cryptocurrency deposits and withdrawals, on the other hand, are generally faster and can be processed within a shorter timeframe, depending on the network congestion and transaction fees associated with the specific cryptocurrency.

        Deposit & Withdrawal

        Customer Support

        Bitfinex provides customer support through its website, accessible at https://www.bitfinex.com/.

        Users can find valuable information, FAQs, and submit inquiries through the website.

        Additionally, Bitfinex maintains an active presence on Twitter (https://twitter.com/bitfinex) and Facebook (https://www.facebook.com/bitfinex1), offering users alternative channels for updates and reaching out for assistance.

        These social media platforms serve as supplementary avenues to engage with Bitfinex, providing users with multiple options to stay informed and connect with the platform's support services.

        Customer Support

        Is BITFINEX a Good Exchange for You?

        Bitfinex shines for experienced, high-volume traders with its deep liquidity, advanced order types (including margin and derivatives), and competitive fee structure. This potent combination is suitable for those seeking sophisticated strategies and minimal slippage on large trades.

        Here are the target groups that may find Bitfinex suitable:

        • Experienced Traders:

        • Deep liquidity: Ensures minimal slippage on large orders, ideal for high-volume traders.

          Advanced order types: Offers margin trading, derivatives, and customizable order types for complex strategies.

          Competitive fees: Rewards those who trade frequently and in large quantities.

          Multiple trading platforms: Provides flexibility through web, mobile, and desktop interfaces.

          • Institutional Investors:

          • OTC desk: Facilitates discreet execution of large orders without disrupting market prices.

            Tailored solutions: Offers institutional-grade services and dedicated account management.

            Fiat currency support: Enables friendly entry and exit from the crypto market using traditional currencies.

            Security and compliance: Emphasizes institutional-grade security measures and regulatory compliance.

            Conclusion

            In conclusion, Bitfinex is a virtual currency exchange that offers a tiered fee structure based on trading volume, with fees ranging from 0.1% to 0.2% for makers and takers. The exchange also charges fees for deposits and withdrawals, which vary depending on the currency and payment method used. Bitfinex provides educational resources and community support platforms to assist users in their trading activities, and offers customer support through various channels, although responsiveness may vary.

            Bitfinex is suitable for experienced traders looking for a wide range of cryptocurrencies and leverage trading options, but may not be suitable for beginners due to its complexity.

            FAQs

            Q: What cryptocurrencies can I trade on Bitfinex?

            A: Bitfinex offers a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and more.

            Q: How does Bitfinex handle security?

            A: Bitfinex prioritizes user security with strong encryption, 2FA, and withdrawal whitelisting, though past breaches have occurred.

            Q: What are Bitfinex's trading fees?

            A: Trading fees are tiered, ranging from 0.1% to 0.2%, depending on the user's trading volume.

            Q: How can I deposit and withdraw funds on Bitfinex?

            A: Users can use bank wire transfer, cryptocurrency deposits, and select third-party payment processors for deposits and withdrawals.

            User Review

            User 1:

            Bitfinex has solid security measures; the 2FA adds an extra layer. The interface feels a bit complex for newbies, but once you get the hang of it, trading becomes smooth. They offer a wide range of cryptos, but the trading fees can get hefty. Customer support's okay, not lightning-fast, but they've helped sort out my issues. Withdrawal speeds vary; sometimes lightning, sometimes a bit sluggish. Overall, good for experienced traders who don't mind diving deep.

            User 2:

            Bitfinex, not my first exchange, but I dig the liquidity. Security-wise, top-notch with 2FA; feels reassuring. Interface? Kinda overwhelming at first, but it grows on you. Wish they had more altcoins, though. Fees are steep, especially for small trades. Customer support, hit or miss, not the quickest. Withdrawal speeds? Fast mostly, but random delays bug me. It's a rollercoaster; stable, but you gotta ride the ups and downs. Great for pros, not so much for beginners.

ALL

News

Announcement

OthersBitfinex to List Bonkcoin (BONK)
We're pleased to announce that Bitfinex will list the Bonkcoin token. Deposits of BONK wer

2023-12-21 21:31

Bitfinex to List Bonkcoin (BONK)
OthersBitfinex to Delist Three Perpetual Swaps
Bitfinex will delist the Avalanche/Bitcoin , Polkadot/Bitcoin and Worldcoin perpetual swap

2023-12-18 22:31

Bitfinex to Delist Three Perpetual Swaps
OthersBitfinex to List GoMining (GOMINING)
We're pleased to announce that Bitfinex will list the GoMining token. Deposits of GOMINING

2023-12-13 00:58

Bitfinex to List GoMining (GOMINING)
TokenBitcoin set to benefit whether FOMC cuts or holds rates: Bitfinex
The Consumer Price Index (CPI) came below the expected today, bringing the crypto market up and spar
WikiBit

2024-06-13 01:39

Bitcoin set to benefit whether FOMC cuts or holds rates: Bitfinex
TokenBitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
Bitcoin (BTC) briefly topped $70,000 Monday for the first time in a week before retreating to its fa
WikiBit

2024-06-04 05:40

Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending
TokenNotcoin goes mainstream: Bitfinex to list NOT token
Notcoin will offer a unique gaming experience that rewards users with tokens for their involvement.
WikiBit

2024-05-10 19:16

Notcoin goes mainstream: Bitfinex to list NOT token
TokenBitcoin price shows stabilizing signs as volatility drops: Bitfinex
Bitcoin (BTC) volatility has been decreasing since its halving in April, which indicates a shift tow
WikiBit

2024-05-07 00:14

Bitcoin price shows stabilizing signs as volatility drops: Bitfinex
TokenTether CEO responds to alleged Bitfinex database attack from ‘F Society’
A ransomware group claims to have targeted Bitfinex, but top brass at the cryptocurrency exchange de
WikiBit

2024-05-05 04:04

Tether CEO responds to alleged Bitfinex database attack from ‘F Society’
TokenJUST IN: Bitfinex Responds to Allegations that Data and Passwords of Hundreds of Thousands of Users were Leaked
About 30 minutes ago, allegations that user data of the cryptocurrency exchange Bitfinex had been co
WikiBit

2024-05-04 23:05

JUST IN: Bitfinex Responds to Allegations that Data and Passwords of Hundreds of Thousands of Users were Leaked
View More