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

Trying to choose between Bitfinex and Bitmart 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

Bitfinex

Bitmart

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Available Countries

United States

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

United Kingdom

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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.

Bitmart is ideal if:

Wide crypto selection for altcoin enthusiasts — Great if you're exploring a broad range of tokens, including niche and newly launched assets.
Beginners and advanced users both catered to — Offers a simple Buy/Sell tool for newcomers and robust futures, spot, and charting interfaces for experienced traders.
Social and copy trading opportunities — Ideal if you want to mirror expert strategies or explore passive exposure through copy/social trading tools.

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.

Bitmart isn’t ideal if:

No demo or practice mode — Beginners lacking a risk-free environment may find it harder to learn before committing real funds.
Security concerns persist post-2021 breach — Even with improved measures, the prior major hack may still cause hesitation around fund safety.
Limited fiat access and tools — Less ideal if you prefer direct fiat deposits/withdrawals or need features like bots, proof-of-reserves, or wallet insurance.

Fees & Total Costs

Spot Maker/Take

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.

BitMart uses tiered spot fees based on trading volume and a pairing class system (Class A, B, C). You can also reduce costs by holding or using the BMX native token, which typically grants a sizable discount on maker/taker rates.

Futures/Derivatives

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

Maker/Taker and Funding

Average Spreads on Liquid Pairs

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.

For high-liquidity pairs like BTC/USDT and ETH/USDT, spreads usually remain narrow and market-competitive, making them more cost-efficient for active traders.

Fiat Deposits & Withdrawals

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.

Methods, Fees, Times

On-chain Withdrawals

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.

Fixed vs. Dynamic by Network (BTC, ETH, TRX, etc.)

Hidden Costs

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.

Currency Conversion, Inactivity, KYC Express, etc.

Real-World Cost Example: “€500 BTC

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.

Buying €500 in BTC (Fee + Spread + Withdrawal)

Crypto Offering & Trading Features

Number of Coins & Pairs

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.

BitMart supports a wide cryptocurrency catalog (1,400+ assets) and offers over 1,050 spot trading pairs; its top 20 by volume typically include the usual heavyweights like BTC/USDT and ETH/USDT among others.

Product Range

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.

You’ll find a full trading suite on BitMart

Liquidity

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.

BitMart regularly achieves multi-billion-dollar daily volumes; its order books for liquid assets like BTC and ETH are deep and tight enough for efficient execution in most conditions.

Tools

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.

The platform offers limit, stop, and OCO orders, alongside charting tools, alerts, a native API/WebSocket interface, and integration with TradingView for advanced analysis.

Geographic Restrictions by Product

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.

Product availability varies by region—certain jurisdictions may face restrictions, particularly around derivatives (e.g. perps and margin aren’t always available everywhere due to regulation).

Innovation

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.

BitMart continues innovating with features like a flexible vs. locked earn program, its in-house token launchpad, and expanded copy trading options that enhance user engagement.

Security, Regulation & Custody

Operating Entity & Jurisdiction

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.

BitMart is operated by GBM Global Holdings Ltd., founded in 2017, and headquartered in the Cayman Islands.

Licenses/Registration

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.

It holds a Money Services Business (MSB) license from the U.S. FinCEN, indicating strong anti-money-laundering compliance—but lacks broader EU or MiCA-specific licenses.

Custody

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.

BitMart manages assets through a hybrid hot/cold wallet setup, with partial disclosures of hot wallet addresses as part of its transparency push; however, full proof-of-reserves or cold storage percentage data remains pending.

Insurance & Protection Funds

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.

There’s no public information about dedicated insurance or user protection funds being in place to cover losses from hacks or other security incidents.

Incident History

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.

In December 2021, BitMart suffered a high-profile security breach that resulted in around $196 million stolen; the team pledged reimbursements and has since reinforced security infrastructures.

Risk Controls

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.

The platform includes standard safety features like two-factor authentication, anti-phishing codes, API key restrictions, and an institutional-grade sub-account system.

Transparency

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.

BitMart has taken steps toward openness by sharing hot wallet addresses and working on Merkle-tree based proof-of-reserves, although regular audit reports, SLA commitments, or full public reserve disclosures are not yet available.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

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.

BitMart supports fiat deposits via credit/debit cards (Visa, Mastercard), bank transfers, and integrated third-party gateways like Simplex, MoonPay, Banxa and others; minimums start around USD 30, and processing varies by provider—from instant to a few days.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Bitfinex requires verification to enable functions

BitMart offers non-KYC access, plus two personal levels—Starter and Advanced—that unlock higher daily withdrawal caps (Starter

Withdrawals

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.

Crypto withdrawals support a broad range of networks (e.g., ERC-20, TRC-20, BEP-20), with limits and speeds depending on KYC level and network congestion; fiat withdrawals are also routed through select third-party gateways with similar variability.

Customer Support

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.

BitMart offers 24/7 live chat, email/ticket support, and a help center; response speed is inconsistent by user feedback, and the knowledge base provides general guidance but may lack deeper troubleshooting.

Languages & Localization

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.

The user interface is available in English (with fiat shown in EUR/USD based on user region), though localized regulatory disclaimers can vary depending on where you access the platform from.

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.

The BitMart mobile app is available for iOS and Android, offering a smooth trading experience overall; while occasional bugs or temporary crashes occur, regular updates aim to enhance stability and add new features.

Experience, Performance & Ecosystem

UX/UI

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.

BitMart provides both “Lite” and “Pro” interface modes—“Lite” is clean and beginner-friendly, while “Pro” offers deeper charts and tools—so the learning curve remains gentle and scalable whether you’re new or advanced.

Performance

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.

The upgrade to Futures V2.0 halved order latency and boosted system stability and matching capabilities, delivering smoother performance even during surges, though occasional order connector quirks reported by bot users can emerge.

Education

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.

BitMart Academy equips users with structured content from beginner to advanced levels, but there’s no live demo or simulated trading available, and Spanish-language materials are limited or mixed with machine translations.

Community

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.

BitMart supports an affiliate/referral program, and while active user groups exist on Discord or Telegram unofficially, the platform doesn’t yet operate fully centralized forums or reward-based official communities.

Integrations

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.

With full TradingView charting access via the “BITMART:” prefix, plus a robust API and WebSocket support, BitMart integrates seamlessly with external bots and tools—though tax/accounting tool partnerships remain sparse.

Who Each One Is Best For

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!

BitMart suits traders seeking a quick-start experience with flexible interfaces and strong third-party integrations, while developers or algorithmic traders benefit from reliable API access and TradingView support.