
Bitfinex
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- Finance
Global exchange (not US), 150+ assets, taker fee 0.20%, advanced margin trading. Best for international advanced users.
Sign up at bitfinex.com. Requires non-US residency. KYC verification is more thorough than US exchanges (expect 3-7 days). Withdrawal limits scale with verification tier.
Bitfinex is the international advanced exchange. Not available to US residents (BVI-regulated). 0.20% taker / 0.10% maker. 150+ assets, advanced margin trading (up to 10x leverage on supported pairs), and deep order books. They had a $72M hack in 2016 (mostly user-reimbursed by 2022) and remain operational. If you're a non-US active trader, Bitfinex is competitive with Kraken on fees and offers margin trading that Kraken does not.
Pros
- Margin trading up to 10x leverage
- Deep order books for large trades
- 0.10% maker fee is competitive
Cons
- Not available to US residents
- 2016 hack history (though resolved by 2022)
- Less regulatory transparency than US exchanges
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