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Bitfinex VS Ably

Compare Bitfinex VS Ably and see what are their differences

Bitfinex

Bitfinex is the largest and most advanced crypto-currencies trading platform.

Rating
0 reviews
Pricing
Open source
Alternatives Is it good?
Ably

The realtime platform that just works. We power more WebSocket connections than any other pub/sub platform, serving over 2 billion devices monthly.

Rating
0 reviews
Pricing
Freemium Free trial
Alternatives Is it good?
VaultNow
All-in-one crypto finance platform for companies that run on stablecoins. Invoicing, payouts, treasury, budgets and AML — the whole money path in one non-custodial system. No banking friction, no spreadsheet reconciliation. sponsored
Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Which is more popular?

Based on our record, Ably seems to be more popular. It has been mentioned 26 times since March 2021.

social mentions
0 vs 26
Cryptocurrencies popularity
100% vs 0%
alternatives listed
240+ vs 139

Base details

Website, pricing, platforms and company facts side by side.

Bitfinex
Ably
Website bitfinex.com ably.com
Pricing
Open source
Freemium Free trial Official pricing
Company Startup from Taiwan · 50 - 99 employees · 2012 Startup from the United Kingdom · 50 - 99 employees · 2016
Listed in
Cryptocurrencies Cryptocurrency Exchange Crypto Cryptocurrency Wallets +1
Infrastructure As A Service (IaaS) Realtime Backend / API Mobile Push Messaging Developer Tools +1

About Bitfinex and Ably

In their own words, as submitted to SaaSHub.

Bitfinex
Ably

No description of Bitfinex yet.

We help teams deliver resilient AI UX and high-performance live experiences that stay fast and in sync worldwide. We provide the global realtime layer for AI agents, chat, notifications, live dashboards, and collaboration - engineered to handle peak demand without self-managed infrastructure....

Read more about Ably

Features and specs

What each product offers, as listed by its team.

Bitfinex 6 features
Ably 8 features
  • High Liquidity
    Bitfinex offers high liquidity, which makes it easier for users to enter and exit trades without experiencing significant price slippage.
  • Advanced Trading Features
    The platform provides a wide array of advanced trading tools and features, including margin trading, derivatives, and various order types to enhance trading strategies.
  • Robust Security Measures
    Bitfinex employs strong security protocols, such as two-factor authentication (2FA), cold storage for the majority of funds, and advanced encryption techniques, to protect user assets.
  • Wide Range of Supported Cryptocurrencies
    Bitfinex supports a diverse array of cryptocurrencies, offering traders numerous options for diversification and investment.
  • Competitive Trading Fees
    The platform has a tiered fee structure that gets more competitive based on trading volume, making it attractive for high-volume traders.
  • API Access
    Bitfinex offers robust API access, enabling algorithmic traders and developers to integrate with the platform for advanced trading strategies.

Possible disadvantages

  • Past Security Breaches
    The platform has experienced security breaches in the past, most notably in 2016, which may cause concerns for some users despite improved security measures.
  • Complex Interface
    The advanced trading tools and features can make the interface overwhelming and complex for beginners, who might find it challenging to navigate.
  • Regulatory Uncertainty
    Bitfinex has faced legal and regulatory scrutiny in various jurisdictions, leading to some concern over potential legal complications.
  • High Minimum Deposit
    The platform has relatively high minimum deposit requirements, which may not be suitable for small or casual investors.
  • Customer Support
    Some users have reported slow customer support response times, which can be frustrating when prompt assistance is needed.
  • Limited Fiat Support
    Bitfinex supports a limited number of fiat currencies compared to some competitors, which might be a drawback for users looking to trade with their local currency.
  • Scalability
    Ably is designed to handle a massive number of concurrent connections and messages, making it scalable for both small and large applications.
  • Real-time Messaging
    Ably provides robust real-time messaging capabilities with low latency, supporting use-cases like live chat, gaming, and real-time data streaming.
  • Global Presence
    Ably has a globally distributed network, ensuring low latency and high availability for users around the world.
  • Advanced Features
    It offers advanced features such as message history, presence, and push notifications, which can enhance the functionality of real-time applications.
  • Security
    Ably includes built-in security features such as TLS encryption, token-based authentication, and private channels to ensure secure communication.
  • Extensive Documentation
    The service provides extensive and well-organized documentation, making it easier for developers to integrate and utilize its features.
  • SDKs and Libraries
    Ably offers a wide range of SDKs and libraries for different programming languages and platforms, easing the development process.
  • Reliable Delivery
    It ensures reliable message delivery with features like message queuing and message de-duplication.

Possible disadvantages

  • Complexity
    Due to its wide range of advanced features, the initial learning curve can be steep for new users.
  • Cost
    For large-scale applications or extensive use of advanced features, the costs can add up, making it potentially expensive.
  • Vendor Lock-in
    Relying heavily on Ably’s platform-specific features may result in vendor lock-in, making it challenging to switch to other services in the future.
  • Dependence on Internet Connection
    As a cloud-based service, Ably’s performance is highly dependent on the quality and reliability of the internet connection.
  • Third-party Integration
    While Ably offers various integration options, integrating certain third-party services may require additional custom development or may not be as seamless.

Analysis

An editorial look at what each product does well and who it suits.

Bitfinex
Ably

Overall verdict

  • Bitfinex is generally viewed as a reliable platform for experienced cryptocurrency traders seeking advanced features and tools. However, it may not be the best choice for beginners or small-scale traders due to its complex interface and history of security incidents.

Why this product is good

  • Bitfinex is considered one of the leading cryptocurrency exchanges due to its advanced trading features, high liquidity, and wide range of supported cryptocurrencies. It offers margin trading, lending, and advanced charting tools, which are attractive to experienced traders. Additionally, Bitfinex has made strides in enhancing its security measures following past breaches.

Recommended for

    Experienced traders who are looking for a platform with advanced trading options, high liquidity, and a wide range of supported cryptocurrencies.

Overall verdict

  • Ably is a reliable and efficient real-time messaging platform, well-suited for applications requiring high performance and scalability. It is generally well-regarded within the developer community for its ease of use and robust feature set.

Why this product is good

  • Features
    Ably provides a comprehensive suite of features such as pub/sub messaging, presence, and history.
  • Security
    It implements robust security practices including TLS encryption, token-based authentication, and private channels.
  • Integration
    Supports numerous protocols and provides SDKs for various programming languages, making it easy to integrate with different systems.
  • Reliability
    Ably offers high availability and low latency, ensuring messages are delivered in real-time.
  • Scalability
    The platform can handle millions of active connections and is designed for horizontal scaling.

Recommended for

  • developers building real-time applications like chat apps, dashboards, or multiplayer games
  • businesses in need of a scalable solution for live updates and notifications
  • teams looking for a platform with strong security and compliance credentials
  • organizations requiring integration with existing development workflows and tools

Videos

Walkthroughs and reviews on video.

Bitfinex 3 videos + Add
Ably 3 videos + Add

BitFinex Exchange Review by FXEmpire

More videos

  • - Tether-Bitfinex Investigation The Entire Truth Exposed! You Won't Believe Who's Involved!!
  • - IS BITFINEX A SCAM OR SAFE? - This Is My Answer!

How to build a collaborative environment around your product

More videos

  • - How to build an avatar stack with Ably Spaces
  • - Ably 101: Serverless WebSockets at scale

Category popularity

How often each product is chosen within a category, 0–100% relative to the other.

Score bands 0–20 21–40 41–50 51–60 61–100
Bitfinex
Ably
100% 100%
Cryptocurrencies
0% 0%
0% 0%
Developer Tools
100% 100%
100% 100%
Cryptocurrency Exchange
0% 0%
0% 0%
Realtime Backend / API
100% 100%

User comments

Share your experience with using Bitfinex and Ably. For example, how are they different and which one is better?

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Reviews and articles

External articles and on-site reviews we used to compare the two products.

Bitfinex no reviews yet
Ably no reviews yet

We have no reviews of Ably yet. Be the first one to post

Social recommendations and mentions

Recommendations tracked on public social media and blogs since March 2021.

Bitfinex 0 mentions
Ably 26 mentions

Tracking Bitfinex since Mar 2021.

  • AWS us-east-1 outage: How Ably’s multi-region architecture held up
    During this week’s AWS us-east-1 outage, Ably maintained full service continuity with no customer impact. This was our multi-region architecture working exactly as designed; error rates were negligibly low and unchanged throughout. Any... - Source: dev.to / 12 months ago
  • Real-Time Sync Alternatives: Vaultrice vs. localStorage, DIY, Firebase, Pusher
    Services like Pusher and Ably are experts in real-time messaging. They provide robust APIs for pub/sub channels, allowing you to broadcast events to clients reliably. - Source: dev.to / about 1 year ago
  • CometChat Alternatives – Comparing the Top 10 Competitors
    Ably is a real-time infrastructure platform that focuses on delivering low-latency, reliable messaging across global distributed systems. It's designed for developers building event-driven applications, including chat, but also supports... - Source: dev.to / about 1 year ago

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