Bitfinex is a crypto trading firm with a powerful proprietary platform and a good range of digital assets. With 180+ cryptocurrencies and 430+ market pairs traded via spot or perpetual swap derivatives, this is a flexible exchange with plenty of opportunities for serious crypto traders. Bitfinex also offers decent leverage up to 1:10.
Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and most popular. Gemini clients can trade and stake 110+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform and additional features including an NFT marketplace.
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Comment by Reviewer
"Experienced crypto traders who want to trade spot or derivatives in high volumes will find a good match in Bitfinex."
"Gemini’s ActiveTrader platform and TradingView integration make it a good choice for serious crypto traders seeking a reliable charting environment, though we were disappointed by some unnecessary fees and previous security breaches."
Pros
Excellent selection of cryptos with hundreds of tokens including Bitcoin
Perpetual swap derivatives trade with up to 1:10 leverage
Powerful in-house terminal is compatible with MT4 and MT5
BitGo instant for zero confirmations on instant Bitcoin transactions
Reliable multilingual customer support
Staking program (ie: ETH staking)
API Python 3 key
Web socket
Quandl data
The trading app features a user-friendly, modern design and intuitive interface, with an excellent range of charting tools for day traders
The TradingView integration delivers top-quality tools, including backtesting and algo trading capabilities
The exchange ensures high security standards with 2FA a requirement for all crypto investors
Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage
There is a decent range of educational guides and tutorials suitable for beginners
Cons
Not as user-friendly as some competitors
History of security breaches raises concerns
Lengthy verification process can take up to 8 weeks
The exchange has a history of concerning incidents including the collapse of its Earn program and a phishing breach
The 'convenience fee' for using the mobile app seems arbitrary and makes it inefficient to use this feature
There are high fees for some funding methods including a 3.49% fee for card transactions
Some larger coins by market cap are not available to buy through Gemini
There is no practice profile or demo account for prospective traders
Awards
Best Cryptocurrency Exchange 2019 - Markets Choice Awards
Bitfinex offers clients trading on a superb range of crypto assets, including more than 180 tokens. Perpetual swap trading is supported in addition to spot, giving traders access to margin trading on crypto assets with up to 1:10 leverage.
Gemini offers a relatively small range of 110+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin, as well as perpetual swap derivatives. The powerful ActiveTrader platform is optimized for online trading, delivering a wide range of technical indicators and up to 7 time frames.
