Bingx vs Bitfinex: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Bingx and Bitfinex This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Bingx

Bitfinex

⚠️ We look for what’s best for you.

₿ Getting into crypto? With eToro you can start in minutes: buy/sell top coins, set recurring buys, track markets, and use Social/CopyTrader features.

👉 Start here and explore the crypto offer.

Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

Thinking about starting with crypto? This is for you.

In select regions, eToro offers a $10 welcome bonus when you open an account today.*

🎯 An account built to help you start with crypto—without the hassle.

➕ Buy and sell top cryptocurrencies in minutes

➕ Recurring buys, price alerts, and advanced charts

➕ Social/CopyTrader™ to follow experienced investors

➕ One of the largest and most trusted platforms worldwide

Limited-time promotion — still available.

*Offer subject to terms, eligibility and regional availability. Don’t invest unless you’re prepared to lose all the money you invest.

Bingx is ideal if:

Social or copy traders: You’ll benefit from one of the most robust copy-trading ecosystems in crypto, with transparent trader metrics and automated execution tools.
Beginners needing ease and tools: The platform combines a clean, intuitive interface with demo trading, grid bots, and straightforward guidance—designed to ease newcomers into crypto trading.
Leverage and derivatives users: Advanced traders get access to high leverage (up to 125×), diverse derivatives beyond crypto (like forex, indices, commodities), and TradingView-style analysis features.

Bitfinex is ideal if:

Powerful tools for pros – If you're an experienced crypto trader who values advanced order types, deep liquidity, and customization, Bitfinex offers a feature-rich environment tailored to your needs.
Custom trading setups – With strong API options and advanced charting (including TradingView integration), it’s excellent for algorithmic strategies and fine-tuned technical analysis.
Less beginner-friendly – If you're new to crypto or prefer ultra-simple interfaces and built-in safety nets, this platform’s complexity might feel overwhelming.

Bingx isn’t ideal if:

You want direct fiat trading or card support: If you prefer depositing and withdrawing fiat currencies directly, this may be a drawback—BingX relies heavily on third-party or stablecoin conversions rather than full fiat integration.
You need full support in heavily regulated markets: Residents of countries like the US, UK, or Canada may not be able to access the platform due to local restrictions or compliance policies.
You expect phone-based customer support: Support options are limited to email and live chat, so if you need voice assistance, this platform may fall short for your needs.

Bitfinex isn’t ideal if:

Prefer intuitive platforms – If you value ultra-simple design and guided onboarding, more beginner-oriented exchanges may feel more approachable.
Operate within strict compliance zones – If you're in heavily regulated regions, alternatives with clear compliance and licensing may better suit your needs.
Seek full insurance transparency – If knowing your funds are protected by explicit insurance or regularly published reserves matters, this platform’s limited disclosures might be a drawback.

Fees & Total Costs

Spot Maker/Take

Most major spot pairs carry a flat maker-and-taker rate of around 0.1 %, though less liquid or niche tokens may incur slightly higher rates up to 0.15 %, and VIP levels or usage of the native token can unlock discounts.

Maker and taker spot fees decrease as trading volume grows, and holding the exchange’s native token grants additional reductions, making fees more favorable for high-volume and token-holding users.

Futures/Derivatives

Perpetual futures typically cost about 0.02 % for makers and 0.05 % for takers, plus a funding rate that updates roughly every eight hours and can swing depending on market imbalances.

Derivatives trading carries tiered maker/taker fees and incorporates periodic funding payments; higher volume and native token holdings can lead to reduced trading costs.

Average Spreads on Liquid Pairs

For top-tier pairs like BTC/USDT and ETH/USDT, the spreads are very tight, reflecting strong liquidity and efficient execution in the order book.

On highly liquid pairs like BTC/USDT and ETH/USDT, spreads remain tight due to deep order books, offering competitive trading conditions for informed market participants.

Fiat Deposits & Withdrawals

Users must rely on third-party services (like MoonPay or Mercuryo) or P2P methods for fiat funding; BingX itself doesn’t charge fees, but providers may, and processing times vary by method and geography.

Fiat transactions are handled via bank wires and select payment platforms, with modest percentage fees and set minimums; processing time varies from same-day (via express services) to several business days for standard transfers.

On-chain Withdrawals

Crypto withdrawals are charged a flat network-based fee per token—e.g., approximately 0.0005 BTC, 0.005 ETH, or 1 USDT (TRC-20)—subject to variation based on congestion and blockchain conditions.

Crypto withdrawals typically impose flat network-based fees per token, varying across chains, though some tokens may carry zero withdrawal fees depending on network costs and exchange policies.

Hidden Costs

Additional costs may include a 0.2 % currency conversion fee when depositing in a different fiat than your account base, possible inactivity or express KYC fees in rare cases, and variable third-party fees on fiat rails.

Beyond visible fees, users may face additional charges like conversion spreads when funding in non-base currencies, higher rates for express services, or optional costs tied to expedited KYC or funding recovery.

Real-World Cost Example: “€500 BTC

In this scenario, you’d face the spot trading fee (~0.1 %), a small spread on BTC/USDT, any conversion fee if deposited in euros (~0.2 %), and the fixed network withdrawal fee to take BTC off the platform.

Buying €500 worth of BTC would involve a trading fee and a minor spread, followed by a token withdrawal fee—altogether forming a modest combined cost relative to the transaction size.

Crypto Offering & Trading Features

Number of Coins & Pairs

BingX supports over 1,000 cryptocurrencies across more than 1,000 trading pairs, with the top-20 pairs by volume heavily featuring mainstream assets like BTC/USDT, ETH/USDT, SOL, XRP, DOGE, ADA, LINK, and TRX.

Bitfinex offers well over 100 cryptocurrencies and hundreds of trading pairs in total; in its top-20 by volume list, you’ll typically see major combos like BTC/USD, ETH/USD, USDT/USD, SOL/USD, XRP/USD, among others—reflecting the most actively traded liquid markets.

Product Range

The platform covers a full spectrum of instruments—spot trading, margin, perpetual futures (perps), copy trading, grid bots, staking, wealth products, lending/loans, and promotional staking, though it doesn’t currently offer options or crypto ETFs.

Bitfinex delivers a wide suite of instruments—spot, margin (peer-to-peer funded), perpetuals, and options (via Thalex integration), along with staking/earn, lending, OTC, paper trading, scaled orders for automated strategies, but it currently doesn’t offer crypto ETFs, copy-trading, grid bots, or auto-DCA features.

Liquidity

BingX regularly sees multi-billion-dollar 24 h trading volume, with a deep order book on major pairs like BTC and ETH ensuring tight spreads and swift execution even amid market swings.

The exchange handles strong 24-hour volumes across BTC and ETH, running into hundreds of millions in USD, carrying very deep order books that support high-volume executions with minimal slippage.

Tools

Traders can access a comprehensive toolkit

Advanced tooling is a strong suit—Bitfinex supports diverse order types (limit, market, stop, stop-limit, fill-or-kill, scaled), price alerts, sophisticated charting (including in-platform TradingView), plus REST and WebSocket APIs.

Geographic Restrictions by Product

Certain advanced products—especially derivatives and copy trading—may be unavailable or restricted in jurisdictions like the US, UK, and Canada due to regulatory constraints.

Some advanced offerings like derivatives and margin may be restricted in regions with stringent regulation, meaning availability can vary depending on your country’s compliance framework.

Innovation

BingX stands out with its Launchpad and Launchpool programs for new token access, plus flexible vs. locked staking options, making it attractive for users aiming to participate in early-stage token launches.

While Bitfinex doesn’t run a launchpad or launchpool, it does offer flexible and locked earning options via staking and lending, along with innovative functions like scaled order execution and demo (paper) trading to support strategic development.

Security, Regulation & Custody

Operating Entity & Jurisdiction

BingX is operated by BingX Group, established in 2018, with headquarters in Singapore and branch offices across the EU, Australia, and Hong Kong, serving a global user base.

Bitfinex is operated by iFinex Inc., a private company registered in the British Virgin Islands, founded in 2012, which handles global crypto trading with its legal base set offshore.

Licenses/Registration

The platform holds Money Services Business (MSB) registrations in the United States and Canada, demonstrating regulatory compliance for digital asset and FX services in those regions.

The platform operates under VASP frameworks, but has not explicitly confirmed MiCA (EU Crypto-Asset Service Provider) compliance yet, which may become relevant as the EU’s regulatory transition continues.

Custody

BingX entrusts custody to a combination of its own infrastructure and bank-grade systems, stores around 90 % of assets in cold wallets, publishes Proof of Reserves reports (typically bi-monthly), and undergoes independent audits by third parties.

Bitfinex stores the vast majority—around 99.5%—of user funds in multi-signature cold wallets leveraging distributed hardware modules; there’s no public proof-of-reserves or audit reports readily visible.

Insurance & Protection Funds

A dedicated Shield Fund exists to safeguard users from extreme volatility and leveraged position failures, complementing the security infrastructure.

Insurance coverage is not prominently featured, and the exchange doesn’t offer a dedicated user protection fund, leaving recovery largely dependent on internal policies or ad-hoc compensation.

Incident History

In September 2024, BingX experienced a hot-wallet breach resulting in significant asset loss, after which it restored operations fully and launched the “ShieldX” security enhancement program.

In 2016, Bitfinex suffered a major hack where over 119,000 BTC were stolen and later recovered; subsequent recovery involved issuing tokens to affected users and full reimbursement within months, and the platform’s related entity settled legal scrutiny in 2021 over operational transparency.

Risk Controls

Users benefit from robust controls including mandatory two-factor authentication (2FA) via email, phone, or authenticator apps, optional fund-password separation, anti-phishing codes, withdrawal whitelists, account locking, AI-augmented withdrawal reviews, and granular API and sub-account permissions.

Strong security features include universal 2FA/U2F, IP-based monitoring, withdrawal address whitelisting, granular API permissions, real-time login alerts, and behavior-based suspicious activity detection.

Transparency

The platform provides periodic Proof of Reserves disclosures, engages in regular security audits and penetration testing, and offers enhanced monitoring via ShieldX infrastructure, though public wallet addresses or formal SLA documents are not prominently featured.

Despite operational depth, Bitfinex does not routinely publish monthly financial or reserve reports, nor maintain a publicly accessible wallet on-chain or formal service-level agreements for users.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

BingX accepts fiat deposits via bank transfers (such as SEPA or local rails), credit/debit cards, and e-wallets; daily and monthly limits vary by KYC level—unverified users face tighter limits, while advanced-verified accounts enjoy unlimited access—and deposit times range from instant to a few business days depending on the method and region.

Bitfinex accepts fiat via bank wire, credit/debit cards, and stablecoin on-ramps, with high minimums (e.g., $10,000 USD/EUR/GBP, ¥1,000,000 JPY), while SEPA transfers via OpenPayd impose no limit but charge a small per-transaction fee; processing ranges from nearly instantaneous (OpenPayd) to several business days for wires.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

BingX offers tiered KYC—Unverified, Basic, and Advanced—with gradually increasing deposit and withdrawal limits; for example, unverified users have modest caps, Basic KYC allows mid-tier limits, while Advanced KYC unlocks unlimited usage and fiat features like launchpad access.

Bitfinex requires verification to enable functions

Withdrawals

limits, times, and networks

Crypto withdrawals require a minimum equivalent of about $5, support multiple networks (ERC20, TRC20, BEP-20, etc.), and fees adjust dynamically per network conditions, typically completing within hours.

Customer Support

BingX provides 24/7 support via live chat (web/app) and email, backed by a comprehensive Help Center; response times are generally prompt, and they regularly upgrade their support system to enhance reliability.

Users can access 24/7 email support, occasional live chat, and a comprehensive help center; however, user reports indicate response quality varies, with some praising responsiveness and others experiencing delays or ticket resolution issues.

Languages & Localization

The platform supports multiple languages (English, Spanish, French, etc.) and displays fees in fiat like EUR or USD depending on user region; Turkish support was removed recently due to regulatory changes, but localization remains robust overall.

The platform operates primarily in English but also offers support materials and interface options in languages like Chinese, Spanish, Russian, Portuguese, and Turkish, with pricing shown in major fiat currencies and limited local regulatory disclosures.

App Quality & Stability

The mobile app mirrors the web interface, offering real-time tools; however, user feedback points to occasional performance lags or crashes, suggesting app optimization could improve responsiveness and reliability.

Experience, Performance & Ecosystem

UX/UI

While there’s no official crash-rate metric, users frequently report occasional app crashes or performance hiccups on both Android and iOS; BingX recommends keeping the app updated, clearing cache, and restarting it to mitigate such issues.

Bitfinex offers both a simplified Lite mode for quick access, basic trades, and fast pay features, and a full-featured Pro mode with comprehensive tools and layout customization, which means beginners can start simple and upgrade gradually as they gain confidence.

Performance

Order latency is generally low, ensuring quick fills even under normal market conditions, though performance can slow slightly during volatile spikes; KYC queues may grow during bull runs, causing temporary delays before trading access is granted.

The platform is designed for speed and low latency, reinforced by its high-performance API infrastructure, though during explosive market moves or bull runs, some users may face delayed order execution or occasional KYC processing delays.

Education

Users enjoy access to a built-in academy with tutorials, demo trading and simulator features to practice risk-free, as well as educational materials increasingly available in Spanish, though the depth varies by content.

Bitfinex includes educational content integrated through TradingView’s resources, plus paper trading and help articles, but dedicated multi-language academies or Spanish tutorials are more limited compared to some other exchanges.

Community

There’s an active official presence across forums, Telegram, and occasionally Discord, supported by a referral program that rewards users for bringing in new traders—this community dynamic enhances learning and engagement.

The exchange maintains an active community via its blog, social channels, Pulse feed, and an affiliate/referral program, though it doesn’t run official Discord or Telegram groups directly from its site.

Integrations

The platform integrates with TradingView for advanced charting, supports external trading bots, and works with third-party tax and accounting tools—simplifying strategy execution and post-trading record-keeping.

Native TradingView charting is built into the platform offering over 100 indicators, and the robust API enables external bot and trading tool integrations, though first-party tax or accounting tool support is not overtly promoted.

Who Each One Is Best For

The interface’s dual mode suits both beginners (Lite) and seasoned traders (Pro); the robust ecosystem and tools make it especially attractive for users focused on social trading, automated strategies, and efficient workflow integration.

Bitfinex is ideal for serious crypto traders and technical strategists who value speed, customization, and advanced features—while casual or novice users may find it powerful but slightly overwhelming without guided onboarding. Let me know if you’d like to dive deeper into any area—I’m ready when you are!