Both exchanges position themselves as robust native platforms, yet their strengths point in different directions: social trading and reserve transparency versus liquidity depth and advanced orders.
Find out which crypto exchange best suits your trading profile.
Choose if…
Choose BingX if you value 24/5 live chat support, a 700+ coin universe, and monthly proof of reserves.
Choose if…
Choose Bitfinex if you prioritize deep BTC/USD and ETH/USD liquidity and a mature API.
Which exchange wins for each type of crypto trader, based on security, fees, coin selection, and editorial scoring.
| Criteria | ||
|---|---|---|
| Editorial score | 3.9/ 5 | 3.9/ 5 |
| Min Deposit | No minimum | No minimum |
| Spreads From | N/A | N/A |
| Taker Fee | 0.10%▼ lower | 0.20% |
A closer look at the specific criteria each exchange meets or misses within each scoring category.
| Criteria | BingX | Bitfinex |
|---|---|---|
| Security | ||
| Cold storage for assets | Pass | Pass |
| Proof of reserves published | Pass | Fail |
| Segregated client funds | Fail | Fail |
| Top-tier regulator (FCA, ASIC, etc.) | Fail | Fail |
| Fees | ||
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Features | ||
| Staking available | Fail | Fail |
| DeFi integration | Fail | Fail |
| NFT trading | Fail | Fail |
| 500+ coins listed | Pass | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| 24/5 live chat | Pass | Fail |
| Phone support | Fail | Fail |
BingX and Bitfinex share the same editorial score of 3.9/5. One concrete differentiator: platform availability and account types differ between them.
Neither BingX nor Bitfinex requires a minimum deposit, making both accessible regardless of starting capital.
BingX is regulated by VARA. Bitfinex is regulated by authorities listed on their website. Confirm a exchange's current regulatory status on the relevant regulator's public register before opening an account.
Minimum deposit and negative balance protection data are not confirmed for this pair. Check the regulatory body for each exchange, as the licence tier is a reliable proxy for client fund safety. Also compare demo account availability and educational resources on each exchange's site.
BingX offers up to 150:1 on perpetual or margin products, versus Bitfinex's 10:1 cap. Margin and futures trading carry higher risk than spot crypto; confirm product availability and jurisdiction-specific limits on each exchange's website.
BingX charges $0.1 per trade, lower than Bitfinex's $0.2 per trade. Lower commissions benefit active traders who execute many trades per day. Crypto fees are typically quoted as maker/taker rates rather than fixed per-trade commissions; check each exchange's fee schedule for volume-based discounts.
BingX supports Proprietary Web/Mobile, while Bitfinex supports Proprietary Web/Mobile. Both provide Proprietary Web/Mobile.
BingX scores higher on security criteria, with cold storage and proof of reserves. For crypto, cold storage and proof of reserves are key indicators that client assets are protected against exchange failure or hacks.
BingX lists 500+ coins while Bitfinex does not meet this threshold in our data. For traders who want access to many altcoins, BingX has the broader selection. Confirm specific coin availability for your region on each exchange's website.
BingX wins for security thanks to VARA regulation and monthly proof of reserves.
BingX wins for beginners due to copy trading and strategy transparency.
BingX wins for low fees because it publishes maker/taker futures fees.
Equally matched; neither offers DeFi or Web3 features.
| N/A |
| N/A |
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | CryptoBank transferCredit cardDebit card | CryptoBank transfer |
|---|
| Withdrawal methods | CryptoBank transfer | CryptoBank transfer |
|---|
| Withdrawal Fee | Network fee only | Network fee for crypto; $20 minimum for wire |
|---|
| Regulators | VARA | — |
|---|
| Cold Storage | Yes | Yes |
|---|
| Proof of Reserves | Yes | No |
|---|
| Staking | No | No |
|---|
| DeFi Integration | No | No |
|---|
| NFT Trading | No | No |
|---|
| 500+ Coins | Yes | No |
|---|
| P2P Trading | No | No |
|---|
| Crypto Earn / Savings | No | No |
|---|
| Token Launchpad | No | No |
|---|
| Active bonuses | 2 offers | 2 offers |
|---|
BingX and Bitfinex present closely matched offerings with different emphasis; BingX leans on social copy trading and monthly proof of reserves, while Bitfinex emphasizes deep liquidity and advanced order types.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
Score 3.9 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker