Your capital is at risk. Trade only with funds you can afford to lose.
Bybit
#17 in our crypto broker rankings
Accepts traders from WS
Rating breakdown
- Regulation & trust3.30.8 higher than Bitfinex (2.5)
- Assets & markets3.80.8 higher than Bitfinex (3.0)
- Fees & costs3.50.4 lower than Bitfinex (3.9)
- Platforms & tools4.01.0 higher than Bitfinex (3.0)
- Accounts & banking3.50.3 lower than Bitfinex (3.8)
- Education3.50.5 higher than Bitfinex (3.0)
- Research2.50.3 lower than Bitfinex (2.8)
- Customer support3.50.7 higher than Bitfinex (2.8)
Bitfinex’s score. Numbers show the difference.
Bitfinex
#58 in our crypto broker rankings
Accepts traders from WS
Rating breakdown
- Regulation & trust2.50.8 lower than Bybit (3.3)
- Assets & markets3.00.8 lower than Bybit (3.8)
- Fees & costs3.90.4 higher than Bybit (3.5)
- Platforms & tools3.01.0 lower than Bybit (4.0)
- Accounts & banking3.80.3 higher than Bybit (3.5)
- Education3.00.5 lower than Bybit (3.5)
- Research2.80.3 higher than Bybit (2.5)
- Customer support2.80.7 lower than Bybit (3.5)
Bybit’s score. Numbers show the difference.
| Bybit | Bitfinex | |
|---|---|---|
| Overview | Bybit is an established crypto exchange aimed at online traders. Clients can speculate on leading tokens like Bitcoin, access crypto staking and loans, or trade NFTs using the firm's digital marketplace. Millions of users have signed up with the firm since it launched in 2018. | Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 250 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 crypto futures, Bitfinex is attracting a wider range of active crypto traders. |
| Trustpilot Score | ||
| Bonus Offer | Up To 4030 USDT Welcome Bonus | Referral Codes |
| Comment by Reviewer | “Bybit is a good choice for active traders who want a fast and straightforward way to buy crypto tokens and trade crypto derivatives.” | “With its growing token selection, advanced charting tools and zero-fee model, Bitfinex is a compelling choice for frequent crypto traders. However, testing reveals a daunting platform for newer day traders, hit-and-miss education and regulatory fines that raise safety concerns.” |
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| Cons |
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| Instruments | Cryptos, Futures | Cryptocurrencies |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
| Trading Platforms |
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| Payment Methods | ||
| Minimum Trade | 0.001 Lots | $10 |
| Regulator | SCA, FSC, FMA | CNAD, AFSA |
| Margin Trading | Yes | Yes |
| STP Account | Yes | 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 | Yes | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | No |
| Market Maker | No | No |
| P2P Trading | Yes | Yes |
| Spot Trading | Yes | Yes |
| Mobile Apps | Yes (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 | ||
| iOS App Rating | ||
| Auto Trading | Via 3rd party software | Yes |
| Copy Trading | Yes | No |
| Copy Trading Platform | Use the Top Traders leaderboard to follow experienced crypto investors. Mirror positions on Bitcoin, Ethereum and more for a small charge. | – |
| Social Trading | No | No |
| VPS Hosting | Yes | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $5 |
| Islamic Account | No | No |
| Account Currencies |
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| Cryptocurrency | ||
| Overview | Buy dozens of crypto tokens with one click, or choose between hundreds of tokens to trade on spot markets, with more options than many alternatives. Crypto derivative products include perpetual futures and options. | Bitfinex provides access to an exceptional variety of crypto assets, encompassing over 250 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. |
| Spread | Market maker, derivatives fee: 0.01%, spot fee: 0.1% Market taker: derivatives fee: 0.06%, spot fee: 0.1% | Taker (0.2% to 0.055%) and maker (0.1% to 0.0%) |
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| Crypto Lending | Yes | Yes |
| Crypto Mining | Yes | No |
| Crypto Staking | Yes | Yes |
| Auto Market Maker | No | No |