Bitfinex supported cryptocurrencies
Bitfinex offers an impressive lineup of 144 different cryptocurrencies, from well-known giants like Bitcoin and Ethereum to a diverse array of intriguing altcoins. With 329 trading pairs available, you have a wealth of opportunities to explore and trade.
Bitfinex supported fiat
Bitfinex makes it easy for everyone by supporting a variety of fiat currencies like USD, EUR, GBP, JPY. This means you can deposit and withdraw funds in your local currency without any hassle.
Bitfinex deposit and withdrawal methods
Bitfinex offers several easy ways to deposit and withdraw funds, both in fiat and cryptocurrencies. For fiat currencies like USD, EUR, GBP, and JPY, users can utilize bank wire transfers. If you choose OpenPayd for EUR and GBP, fees are €5 or £5 for amounts under 10,000, with a 0.1% fee for larger transactions. On the crypto side, Bitfinex supports a variety of assets such as Bitcoin, Ethereum, and Tether (USDT) on networks like ERC-20, Tron, and EOS. The platform also features the Lightning Network for fast Bitcoin transfers, streamlining the process for users.
Bitfinex loans
Bitfinex provides Bitfinex Borrow, a loan service where you can borrow funds by using cryptocurrency or fiat as collateral. You can use assets like Bitcoin or Ethereum as collateral, and the process ensures that loans are fully backed to protect both borrowers and lenders. It's a straightforward way to access funds while keeping your assets secure.
Bitfinex restricted countries
Bitfinex restricts access to users from several countries due to regulatory requirements. These include the United States, Canada, Japan, Hong Kong, Iran, North Korea, Cuba, Syria, and certain regions like Crimea, Donetsk, and Luhansk. Additionally, users from Venezuela, Austria, Italy, and some high-risk jurisdictions identified by global regulations are also restricted. If you're from one of these regions, unfortunately, you won't be able to open an account or use Bitfinex services.
Is it possible to use leverage or margin trading on Bitfinex?
Yes, Bitfinex offers margin trading with up to 10x leverage, letting you borrow funds to expand your trading positions. You can access this feature through their peer-to-peer system, where you either borrow funds or provide funding to others. To use margin trading, you'll need at least an Intermediate verification level and should manage your collateral to prevent margin calls or liquidations. It's a flexible option but requires careful risk management.
Bitfinex Spot Trading
Bitfinex provides spot trading for over 400 cryptocurrency pairs, including major assets like Bitcoin, Ethereum, and Tether. The platform ensures high liquidity, making trades smoother with minimal price slippage. You can choose from different order types, like market, limit, and stop orders, to suit your trading style while keeping everything simple and efficient.
Bitfinex Earning Services
Bitfinex offers several earning services designed to help users grow their crypto holdings. With Bitfinex Staking, you can stake assets like Ethereum, Tezos, and Polkadot to earn rewards. Another service, Lending Pro, automates the process of providing margin funding, allowing you to earn interest on your assets while letting the platform manage your lending strategy based on market conditions. These services offer flexible ways to maximize your crypto investments.
Bitfinex OTC Trading
Bitfinex offers a user-friendly OTC (Over-the-Counter) Trading service for large trades, typically starting from $100,000. This service lets you trade directly with a counterparty, avoiding public order books, which helps keep your transactions private and smooth. You can either access liquidity through Bitfinex’s desk or trade directly with other users via the OTC platform, giving you flexibility and discretion in managing your large trades.
Bitfinex Fees
Bitfinex charges 0.1% for maker fees and 0.2% for taker fees on spot trades, with the possibility of reducing these fees through higher trading volumes or holding LEO tokens. For derivatives, maker fees start at 0.02% and taker fees at 0.065%. If you're a high-volume trader or hold significant LEO, you can enjoy further discounts. It’s always a good idea to check Bitfinex’s website for the most up-to-date fee information, as the rates can change over time.
