Bitfinex vs Coinbase

Bitfinex vs Coinbase Comparison Table 2024
Bitfinex	Coinbase
Review 3.9	Review 1.4

Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 180 cryptocurrencies and more than 430 market pairs available for spot or perpetual swaps derivatives trading. With new payment methods, lower entry barriers and fresh products like perpetual futures, Bitfinex is attracting a wider range of crypto enthusiasts.	Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.
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Bonus Offer
Referral Codes	£5/$5 in BTC. Terms and Conditions Apply. See Review
Comment by Reviewer
"With its growing token selection, advanced charting tools and volume-based fee structure, Bitfinex is a compelling choice for high-volume crypto traders. However, testing reveals a daunting platform for newer traders, hit-and-miss education and a raft of regulatory fines that raise safety concerns."	"Coinbase is a good option for dedicated crypto investors who want a vast selection of established and low-market-cap tokens. The platform makes it straightforward for new crypto investors to buy and sell Bitcoin in a few clicks."
Pros
Despite a steep learning curve, the Bitfinex trading platform delivers for experienced traders, featuring a comprehensive charting package with 12 timeframes, plus margin trading and various order types. Bitfinex boasts excellent liquidity across its crypto trading pairs, reducing the likelihood of slippage and ensuring efficient order execution, particularly for large volume trades, making it reliable for frequent traders. After bolstering its roster, Bitfinex now offers access to over 180 cryptocurrencies, from Bitcoin and Ethereum to emerging altcoins with high levels of volatility that may appeal to day traders. Bitfinex is well-suited to algo traders, facilitating automated trading through its Honey terminal and API integration, enabling traders to program trading strategies efficiently.	Powerful purpose-built crypto trading platform with backtesting capabilities Well-regarded crypto exchange with thousands of tokens available One of the most trusted brands in the crypto space Fast execution speeds on the trading software Slick app with excellent customer feedback Margin trading available in some countries You can sign up in three quick steps
Cons
Despite enhancing its security measures with two-factor authentication, Bitfinex still hasn’t escaped its dogged history of major security breaches and regulatory fines. Like many crypto exchanges, Bitfinex operates in a regulatory grey area, which may pose risks for traders, especially compared to trusted crypto trading platforms like eToro. Although Bitfinex has removed its $10,000 minimum deposit, making it more accessible to newer traders, the fee system remains complicated, with various factors such as trading volume and token holdings influencing fees, potentially leading to confusion. Testing reveals inadequate support, especially for active traders, with response times of 12 hours via email and a frustrating user experience with no live chat integrated into the trading platform.	Coinbase trades don't take place anonymously Occasional bugs have caused issues on the system Lower safety score vs established crypto brokers
Instruments
Cryptocurrencies	Cryptos
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
Web Platform	AlgoTrader
Payment Methods
ADVcash Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Payoneer PayPal Perfect Money Simplex Skrill TransferWise UnionPay Visa Western Union Wire Transfer	ACH Transfer Apple Pay Credit Card Debit Card Google Wallet iDeal PayPal Sofort Visa Wire Transfer
Minimum Trade
$10	0.0001 XBT
Regulator
Unregulated	CBoI
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	Yes
App Review
Bitfinex provides a mobile application that mirrors the full functionality of its web platform, facilitating seamless crypto trading on the move. The app also includes a Lite Mode for a simplified trading experience, presenting a more user-friendly interface for trading, staking, and lending cryptos, requiring just a few taps. The app is downloadable from both Apple’s App Store and Google’s Play Store, though app store ratings demonstrate a superior user experience on iOS devices.
Android App Rating
3.5
iOS App Rating
4
Auto Trading
Yes
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5	$0
Islamic Account
No	No
Account Currencies
USD EUR GBP JPY TRY
Cryptocurrency
Bitfinex provides access to an exceptional variety of crypto assets, encompassing over 180 tokens. In addition to spot trading, the platform supports perpetual swaps trading, enabling traders to engage in margin trading on crypto assets with leverage up to 1:10. With digital tokens frequently listed and delisted, Bitfinex provides diverse opportunities to participate in the dynamic cryptocurrency market.	With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges.
Spread
Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)	BTC 0.1%, ETH 0.1%
Coins
BTC ETH USDT LTC XRP DOGE ETC EOS LINK BCHN DOT DASH IOTA SUSHI NEO ZEC UNI ADA OMG MDOGE BSV TRX XTZ SOL XLM YFI USDC ZRX FIL VET XMR COMP BTG DAI LUNA CEL ALGO ATOM EGLD FTT AVAX MKR LEO BTT CHZ BAT BAND QTUN CLO AAVE XDC HEZ KNC ZIL MANA BAL UOS	BCH BTC ETH LTC XRP IOTA NEO EOS XMR FIL WBTC SHIB BNB
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	Yes
Auto Market Maker
No	No

Review	Review
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