Bitfinex vs Crypto.com

Bitfinex vs Crypto.com Comparison Table 2024
Bitfinex	Crypto.com
Review 3.9	Review 3

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.	Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 10 million active users.
Bonus Offer
Referral Codes
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."	"Crypto.com is good for retail investors that want to speculate on the crypto markets with the security of an established and reputable exchange."
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.	Strong security measures with no historical reports of hacking incidents Low fees vs other established exchange platforms, including Coinbase Live status updates impacting access to app and exchange services Various ways to earn crypto coins or interest Visa card with cashback rewards
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.	Customer service is below-average with delayed help times when answering questions Not all features or coins are available to all locations due to local regulations Lack of educational resources, blog-style research or YouTube tutorial content The advanced trading platform is less suitable for beginners
Instruments
Cryptocurrencies	Cryptos
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
Web Platform	Own
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	Bitcoin Payments Ethereum Payments TransferWise Visa
Minimum Trade
$10	0.0003 BTC
Regulator
Unregulated
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	No
Mobile Apps
iOS & Android	iOS & Android
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
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.	Crypto.com provides access to more than 100 cryptocurrencies, including Bitcoin. All products can be purchased with leverage of up to 1:3 and trading fees follow an effective tiered commission structure.
Spread
Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)
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	BTC CRO ETH XRP LTC EOS XLM USDC ATOM LINK XTZ BCH VET ICX ADA ENJ ALGO KNC NEO DAI PAXG BAT COMP OMG MANA QTUM CELR MKR UNI YFI BAND EGLD WBTC AAVE DOT REN ONT LRC CRV ZIL GRT BNT KSM SKL NEAR SNX BAL STX DOGE UMA FLOW SAND ZRX FIL THETA ANKR MATIC CHZ OCEAN WAVES RLY STORJ HOT 1INCH OGN ONE KAVA CHR SUSHI SOL AVAX NKN VTHO RARI AUDIO RSR SHIB RLC SC CKB FORTH INJ CTSI MIR TRB TFUEL AXS NANO GTC AMP BOSON IQ LUNA RUNE SLP KEEP FET PENDLE EFI ETC HNT PLA CQT QUICK YGG MASK DERC ALICE
Crypto Lending
Yes	Yes
Crypto Mining
No	No
Crypto Staking
Yes	Yes
Auto Market Maker
No	No

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