Cryptocurrency Exchanges

Bitfinex

3.8 (6 reviews)
🇺🇸 United States, New York
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About Bitfinex

Cryptocurrency exchange offering leveraged margin trading through a peer-to-peer funding market for major cryptocurrencies.

Customer Reviews

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Secure and easy to use

S
Samuel N.
5 months ago

I've been buying and selling crypto through Bitfinex for over two years now. The security is excellent - two-factor authentication, cold storage for majority of assets, and instant notifications for any account activity. The interface makes it easy to trade and track my portfolio. Very satisfied.

Pros: Top-notch security, user-friendly interface, good notifications

Cons: Fees slightly higher than some alternatives

Good for holding, not for active trading

L
Laura M.
8 months ago

If you're just looking to buy and hold crypto long-term, Bitfinex is fine. The security gives me peace of mind. But for active trading, the interface isn't great - limited order types, basic charting, and higher fees compared to dedicated trading platforms. Use it for what it's good at.

Pros: Good security for long-term holding

Cons: Not suitable for active trading, limited tools

Works fine but fees could be better

A
Andrea I.
10 months ago

I've been using Bitfinex for about a year. It works well for basic buying and selling. The app is clean and easy to navigate. My main complaint is the fee structure - the spread on buy/sell is quite wide and there are additional fees on deposits. For frequent traders, costs add up.

Pros: Clean app, easy to use

Cons: High fees, wide spread on trades

Account frozen without explanation

T
Timothy A.
10 months ago

Had a reasonable experience with Bitfinex for months until my account was suddenly restricted without clear explanation. It took three weeks and dozens of support tickets to get it resolved. Apparently it was a routine compliance check but the lack of communication was unacceptable. My funds were inaccessible during this time.

Pros: Works fine when your account is active

Cons: Random account freezes, terrible communication during issues

Professional crypto trading platform

K
Kelly L.
10 months ago

For serious crypto traders, Bitfinex is hard to beat. Advanced order types, deep liquidity, margin trading, and excellent API for algorithmic trading. Their fee tiers are competitive and the platform has never gone down on me during volatile periods. This is what professional crypto trading looks like.

Pros: Advanced features, deep liquidity, reliable uptime

Cons: Complex for casual users

Best crypto exchange for beginners

M
Mary E.
11 months ago

As someone new to cryptocurrency, Bitfinex made it incredibly easy to get started. The sign-up process was quick, identity verification took less than a day, and buying my first Bitcoin was straightforward. Their educational content helped me understand the basics. Still using them two years later.

Pros: Easy for beginners, fast verification, good education

Cons: Advanced features are limited