Bitfinex Exchange

Bitfinex is a cryptocurrency exchange and trading platform that is the world’s largest in terms of Bitcoin trading volume. Although Bitfinex offers less cryptocurrency pairs than most exchanges, it provides a number of advanced features including margin trading with up to 3.3x leverage in the peer to peer market. Bitfinex also boasts of offering the world’s most liquid order book, with high volumes of major cryptocurrencies such as Bitcoin Cash, Dash, Ethereum, Zcash and Iota. Because Bitfinex is designed for professional traders, it provides advanced algorithmic order types and has a highly customizable interface coupled with an extensive range of charting tools that are integrated with TradingView. In 2016, Bitfinex lost $72 million of Bitcoin through a hack and was forced to use tokens as a means of plugging the shortfall. It recouped the loss however and by March 2017 all users had been paid back.

Is Bitfinex safe?

We currently label Bitfinex as a trusted exchange, which means that it satisfies the criteria we have selected for trusted exchanges. Trusted exchanges are more established in the industry and usually have stronger security practices. The “Trusted Exchange” tag is for informative purposes only and does not represent an endorsement from CoinCodex.

How do you put money in Bitfinex?

You can fund your account on Bitfinex by depositing cryptocurrency.

Can you deposit fiat on Bitfinex?

No, you can’t deposit fiat currency on Bitfinex. This means that Bitfinex is designed for users who already own some cryptocurrency.

Can you buy crypto on Bitfinex with credit card?

Currently, you can’t buy crypto with a credit card on Bitfinex. If you're looking to buy cryptocurrency with a credit card, you can check out our list of the top exchanges that allow you to buy crypto with a credit card.

Can I trade with USDT stablecoin on Bitfinex?

Yes, you can trade with the USDT stablecoin on Bitfinex across 113 trading pairs. In the last 24 hours, Bitfinex handled $ 50.22M worth of USDT trading volume.

Does Bitfinex have a mobile app?

Yes, Bitfinex has a mobile app. The exchange’s app is available for Android and iOS. A mobile app will allow you to check the performance your holdings on the exchange and trade cryptocurrencies on the go.

Is Bitfinex a centralized or decentralized exchange?

Bitfinex is a centralized cryptocurrency exchange. This means that Bitfinex manages users’ cryptocurrency deposits, and its systems handle the trades happening on the platform. Centralized cryptocurrency exchanges are suitable for all types of users, ranging from beginners to professional traders.

How many cryptocurrencies can I trade on Bitfinex?

You can trade 152 tokens on Bitfinex across 314 trading pairs.In total, Bitfinex handled $ 111.50M worth of trades in the last 24 hours.