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Bitfinex

Exchange

Bitfinex is a US-based digital asset exchange offering the possibility to buy, sell and trade Bitcoin, Ethereum, Ripple, and several different altcoins. It’s currently the largest exchange platform in the world. Bitfinex is closely connected to Tether, an unregulated cryptocurrency pegged to the dollar.

In May 2015, Bitfinex was the victim of a hack that cost them 1500 of their clients’ bitcoins. In August of 2016, another 119,756 units of bitcoin were stolen, for an amount of $72 million. In response, Bitfinex created BFX tokens, valued at 1$ each, and distributed them to the people whose bitcoins had been stolen. Over the course of nearly a year, Bitfinex proceeded to payout all of the BFX tokens with actual money, reimbursing all of their clients of their stolen assets by April 2017.

Fees

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT)MAKER FEESTAKER FEES
$0.00 or more traded0.100%0.200%
$500,000.00 or more traded0.080%0.200%
$1,000,000.00 or more traded0.060%0.200%
$2,500,000.00 or more traded0.040%0.200%
$5,000,000.00 or more traded0.020%0.200%
$7,500,000.00 or more traded0.000%0.200%
$10,000,000.00 or more traded0.000%0.180%
$15,000,000.00 or more traded0.000%0.160%
$20,000,000.00 or more traded0.000%0.140%
$25,000,000.00 or more traded0.000%0.120%
$30,000,000.00 or more traded0.000%0.100%

Makers are defined as those who place an order on the order book prior to the trade taking place. A taker, on the other hand, is someone who places an order that matches the maker’s order. Simply put, the taker takes the order from the order book.

Bitfinex also charges a fee for small deposits (under 1000 USD) and a fee for withdrawals which is a fixed amount per cryptocurrency. For more information visit their fee policy page.

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