Bitfinex VS Bittrex

Compare Bitfinex VS Bittrex and see what are their differences

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Bitfinex

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

Bittrex

The Next Generation Crypto-Currency Exchange

Landing page //
2023-07-26

Landing page //
2023-08-04

Bitfinex

Website: bitfinex.com
$ Details
Release Date: 2012 January
Startup details
Country: Taiwan
State: T'ai-pei
City: Taipei
Founder(s): Giancarlo Devasini
Employees: 50 - 99

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Bittrex

Website: bittrex.com
$ Details: -
Release Date: -

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Bitfinex features and specs

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 of Bitfinex

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.

Bittrex features and specs

Wide Variety of Cryptocurrencies
Bittrex offers a diverse selection of cryptocurrencies, allowing users to trade major coins as well as many smaller altcoins, providing a broad trading experience.
Strong Security Measures
Bittrex is known for its strong security protocols, including two-factor authentication, making it a relatively safe platform for cryptocurrency trading.
User-Friendly Interface
The platform provides an intuitive interface with clear navigation, suitable for both beginners and experienced traders.
Regulatory Compliance
Bittrex adheres to U.S. regulations and maintains a good compliance record, providing users with a reliable and regulated trading environment.

Possible disadvantages of Bittrex

Limited Payment Options
Bittrex primarily supports cryptocurrency deposits and withdrawals, which may not be convenient for users preferring other payment methods like credit cards or PayPal.
High Trading Fees
The platform imposes relatively high trading fees compared to some other exchanges, which could discourage frequent trading or high-volume trades.
Occasional Technical Issues
Users have reported occasional technical issues such as downtime or slow performance during peak trading periods, which may affect trading experience.
Lack of Margin Trading
Bittrex does not offer margin trading options, limiting advanced trading strategies that experienced traders might want to employ.

Analysis of Bitfinex

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.

Analysis of Bittrex

Overall verdict

Bittrex is a reputable and reliable cryptocurrency exchange, particularly known for its wide selection of supported assets and strong security measures. While it has faced some criticisms regarding customer support and withdrawal fees, its overall reputation remains strong, making it a good option for those interested in a secure and comprehensive trading environment.

Why this product is good

Bittrex is one of the well-known cryptocurrency exchanges that has built a reputation for a wide variety of available cryptocurrencies and a strong focus on security. It offers advanced trading features and tools suitable for both beginners and experienced traders. The platform also implements robust security measures, including cold storage of funds and two-factor authentication, which enhances user trust. Its regulatory compliance and quick onboarding process are additional positive aspects for users.

Recommended for

Cryptocurrency traders seeking a wide variety of coins and tokens
Security-conscious users who prioritize robust safety measures
Experienced traders looking for advanced trading features
Users interested in a platform with regulatory compliance

Bitfinex videos

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BitFinex Exchange Review by FXEmpire

Bittrex videos

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Bittrex Review

Category Popularity

0-100% (relative to Bitfinex and Bittrex)

Bittrex

Cryptocurrencies

80 80%

Cryptocurrencies

20% 20

Crypto

83 83%

Crypto

17% 17

Cryptocurrency Exchange

80 80%

Cryptocurrency Exchange

20% 20

Cryptocurrency Wallets

100 100%

Cryptocurrency Wallets

0% 0

User comments

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

Reviews

These are some of the external sources and on-site user reviews we've used to compare Bitfinex and Bittrex

Bitfinex Reviews

5 Top Cryptocurrency Exchange APIs for Developers

Quick Overview: Bitfinex API boasts a feature-rich platform with support for spot and derivatives trading, margin trading, and lending. It provides WebSocket and RESTful endpoints, supplemented by real-time market data and advanced order types. Despite past security breaches, Bitfinex remains a prominent player in the cryptocurrency landscape, serving as a reliable platform...

Source: bitcoinist.com

BEST 25 Coinbase Alternatives (2021 Update)

Bitfinex is a trading platform that enables you to easily exchange EOS, Ethereum, Litecoin, and more. It enables you to access peer to peer funding market. This website offers advanced chart tools to visualize your order with ease.

Source: www.guru99.com

20 BEST Bitcoin Wallets | Top Crypto Wallets in 2021

Source: www.guru99.com

Bittrex Reviews

Best Online Brokers for Bitcoin Trading

Bittrex - Bittrex.com Bittrex has a simple pricing model, and charges a flat 0.25% on all trades. At this commission rate, it would cost $2.50 to buy $1,000 worth of Bitcoin (BTC). Higher-volume traders, those trading more than $25,000 a month, should look at Kraken for discounted pricing.

Source: www.stockbrokers.com

Social recommendations and mentions

Based on our record, Bittrex seems to be more popular. It has been mentiond 29 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Bitfinex mentions (0)

We have not tracked any mentions of Bitfinex yet. Tracking of Bitfinex recommendations started around Mar 2021.

Bittrex mentions (29)

If you know of any companies, products, services, etc. that you think are missing a community support channel, please send us a link so we can add it!
All poll-type questions should be submitted to CoinMarketCap.com, Bittrex, Kraken Gemini Exchange or Bitsquare.com also check https://www.reddit.com/r/CryptoWikis/wiki/predefined_topics for more sites. Source: over 2 years ago
Tokenized assets as collateral
You can't really buy tokenized assets(stocks, bonds, etc.) on a public blockchain. Today you have ftx.com & bittrex.com where you can buy stocks but it's a limited selection and they run on their own private blockchain, so it's not usable outside of those services. Then you have Synthetic and mirror.finance, which you can stake but those are not real assets but derivatives. Source: almost 3 years ago
Redd dev team isnt understanding the gravity of the situation
Bitmart.com screwed over the team by not complying with the deal. Bitcoin.com delisted because there was no volume and bittrex.com shut down the BTC pair because of the big spread(which is actually logical). Satodax tried to add usdt/doge/trx pairs, no volume at all. Source: over 3 years ago
So, who’s still here from 2017?
Looks like https://bittrex.com/ still has ARK-BTC pairing. Source: over 3 years ago
How to Mine Kadena
You can also choose an exchange, such as Hotbit or Bittrex. Note: You should always do your own due diligence when choosing a wallet provider or exchange. Source: over 3 years ago

What are some alternatives?

When comparing Bitfinex and Bittrex, you can also consider the following products

Coinbase - Bitcoin, safe and easy.

Binance - Cryptocurrencies exchange platform

Poloniex - US-based cryptocurrency exchange with maximum security

Kraken - One of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to our excellent service, low fees, versatile funding options and rigorous security standards

Kucoin - Find the Next #Crypto Gem on #KuCoin, the People's Exchange

Cryptopia - Cryptopia.