Bitfinex Review 2022

Bitfinex is a large, highly-liquid crypto exchange with advanced trading tools. But it isn’t licensed in the U.S.

By Tom Blackstone Crypto Expert Tom Blackstone, Cryptocurrency Expert
Bitfinex 2022 - Product Image
Editors Rating:
8.6 /10

What We Like

What We Don't Like

  • Not licensed in the U.S.: This makes Bitfinex risky for U.S. investors. It also means that Americans can’t deposit cash into it.
  • No beginner interface option: Beginners may find Bitfinex to be difficult to use.

Bottom Line

If you’ve already got a primary cryptocurrency exchange, Bitfinex can be a great second exchange. It can be used to gain access to coins that may not be available at your primary exchange or that aren’t even available in the U.S. Bitfinex also has low fees and a sophisticated trading interface, so it may be an excellent choice for serious crypto traders. But if you live in the U.S., Bitfinex isn’t a great option as a primary exchange, since it won’t allow you to deposit cash from your bank.
Citations
  1. Data.bitcoin.org. (2018). Exchanges ranking. data.bitcoinity.org/markets/rank/all/USD?c=e&t=ae

  2. Reuters. (2016). Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong.
    reuters.com/article/us-bitfinex-hacked-hongkong-idUSKCN10E0KP

  3. Craft. (2022). Bitfinex headquarters and office locations. craft.co/bitfinex/locations