Pros

• Supports a wide range of cryptocurrencies, including over 180 digital assets
• Advanced trading features suitable for experienced traders, including margin and derivatives trading
• High liquidity and deep order books for major trading pairs
• Competitive trading fees starting at 0.10% for makers and 0.20% for takers
• Offers staking and lending options for earning passive income
• Robust security measures including two-factor authentication, IP whitelisting, and cold storage
• Available OTC trading desk for large trades without impacting market prices
• Integration with external services like Celsius for additional earning opportunities
• Customizable interface with advanced charting tools and historical pricing data
• Mobile app available for both iOS and Android

Cons

• Not available to users in the United States and other restricted countries
• Complex interface may be challenging for beginners
• History of significant security breaches in 2015 and 2016
• Higher fees compared to some competitors for certain services
• Lengthy verification process for new users
• Concerns over transparency regarding Tether reserves
• Limited customer support with mixed reviews
• High withdrawal fees for fiat currencies
• Not regulated in major jurisdictions
• Requires extensive personal information for full account functionality

Spot Trading

Futures Trading

Staking

Fees

Like all centralized exchanges, Bitfinex charges fees. This is how they generate revenue, and keep their operation running.

• Deposit fees. Fortunately, most centralized exchanges don't charge deposit fees when you deposit with crypto. Though, they charge for fiat deposits, which vary dependant on the payment processor and fiat option that you're using.
• Withdrawal fees. Bitfinex charges withdrawal fees. They vary based on what you are withdrawing and the payment method that you're using. Crypto withdrawals will also incur network transaction fees, they are not paid for by Bitfinex.
• Bitfinex's maker fees: 0.1%*
• Bitfinex's Taker fees: 0.2%*

Maker/taker fees are tiered. As you trade more and generate volume, they often fall.

Payment Methods

Bitfinex supports 2 payment method(s). You can use the following the deposit/withdraw to/from the exchange.

• Credit/Debit Card
• Crypto

Be aware that they may be withdrawal/deposit limits imposed, and the payment methods may also vary based on your location.

Bitfinex supports 3 fiat currencies.