Market Cap

$2.79T

2.50%

Dom.

59.53%

BTC

0.15%

ETH

0.01%

ETH Gas

Low

Average

High

Data by Etherscan

Fear & Greed

Trending Coins and Tokens🔥

Crypto

Exchange

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Bitfinex Exchange Review: OG Score & Community Audit

24H volume

$181.596M (2,192₿)

Markets

380

Year Established

2012

Country

British Virgin Islands

Token

LEO

Links

Bitfinex Exchange Social Audit & Score Breakdown

OG Score

Community based score. Not financial advice.

Reviews 7

OG Score Rank #27/36

OGAudit Exchange Evaluation Metrics

Usability 17 .6

Insurance 17 .4

Fees 23 .8

Speed 14 .5

Liquidity 19 .7

Security 10 .8

How is this score calculated? [Exchange Rating Methodology]

Is Bitfinex safe? Verified Crypto OG Reviews

Is Bitfinex reliable and safe for your funds? Read unfiltered reviews from verified Crypto OGs

Only Verified Crypto OGs Can Rate and Review

Decypher 23 Jul 2026 · 09:49 0xd59...b2708

OG Score 9.9

Bitfinex earned its reputation the hard way. The 2016 hack remains one of crypto's defining security failures, but the recovery of billions in stolen assets years later is an outcome few exchanges ever see. Since then, Bitfinex has overhauled its custody practices, and a decade without another major breach suggests the lessons stuck. The bigger question has never been security it's Tether. Bitfinex and Tether share the same parent company, and past controversies around reserve management continue to follow both brands. For active traders, the liquidity and fees remain compelling. For anyone holding large USDT balances long term, that relationship is still the risk worth thinking about.

Bitfinex

MrAnarhlyst 24 Apr 2026 · 02:45 0x7fb...3432d

OG Score 15.1

Bitfinex is a long established exchange with moderate liquidity, widely used by traders and institutions: https://cointelegraph.com/learn/articles/bitfinex-review However, it they had this withdrawal delays and with account freezes, particularly during KYC see here: 👇👇 https://www.coindesk.com/markets/2018/10/15/bitfinex-says-withdrawals-are-fine-but-crypto-exchange-customers-disagree Its security posture improved significantly after the 2016 hack, but that incident still hunt them regarding the trust score.

Bitfinex

praiz 09 Apr 2026 · 14:05 0x6e8...58f42

OG Score 9.1

Bitfinex is a veteran CEX with excellent liquidity and pro tools, but it has persistent red flags: low 2.0/5 Trustpilot, frequent account freezes, slow KYC/withdrawal issues, and poor support. Strong for advanced traders testing small amounts only. High risk for regular users many call it unreliable once problems start. here are some problems i noticed Trustpilot (read the latest 1-star frozen-fund stories): https://www.trustpilot.com/review/www.bitfinex.com Reddit example (frozen funds + endless delays): https://www.reddit.com/r/CryptoScams/comments/1jw03s6/avoid_bitfinex_frozen_funds_endless_delays/ Daytrading.com review (regulatory & safety concerns): https://www.daytrading.com/bitfinex CoinSutra review (user complaints section): https://coinsutra.com/bitfinex-review/ also to best to know the 2016 and 2018 incident, the 2016 hack stole 119,756 BTC (~$72M then), plus the 2018 Crypto Capital scandal where ~$850M in funds went missing and Tether reserves were secretly used to cover it. some important link: 2016 Hack official details & recovery: https://en.wikipedia.org/wiki/2016_Bitfinex_hack 2018 Crypto Capital / NYAG settlement (funds loss cover-up): https://ag.ny.gov/press-release/2021/attorney-general-james-ends-virtual-currency-trading-platform-bitfinexs-illegal

Bitfinex

Martian 26 Mar 2026 · 07:44 0xe20...ba70e

OG Score 9.3

Bitfinex is one of the legacy exchanges in the crypto space and was an early adopter of Tether (USDT). They did have that major breach back in 2016 where around 120K BTC was stolen, which is still something people remember. Their website UI feels pretty old school, and the trading interface is the same vibe. I signed up in 2022 but haven’t used it that frequently, just on and off. The app UI is basically the same as the website too, so overall it works, but it definitely feels a bit outdated.

Bitfinex

Critic 17 Feb 2026 · 22:29 0xe49...766d3

OG Score 9.2

these guys are amateur on code & legals see: Bitfinex 2016 hack: 119K BTC! https://en.wikipedia.org/wiki/2016_Bitfinex_hack New York attorney settlement: they paid 18M fine (meaning peading guilty of violations: https://ag.ny.gov/sites/default/files/2021.02.17_-_settlement_agreement_-_execution_version.b-t_signed-c2_oag_signed.pdf and also now revealed by US government that close ties to Epstein Pedo gang, that's enough reasons for me not to use Bitfinex. (ps by using his connection Brock Pierce -who visited the island-) they also invested and had close connections with Coinbase, Blockckstream and a couple of other blockchain/exchange initiatives only advantage of bitfinex right now is cheap fees, but price is your soul & security

Bitfinex

Faithistics 19 Jan 2026 · 03:22 0xd12...ca419

OG Score 30.8

if you're into tokenized assets or high-volume spots. It's not beginner-friendly complex interface, strict compliance, and the controversial past like hack + regulatory fines understandably turns some users off, plus their support system can lag.

Bitfinex

CryptoAPE 23 Sep 2025 · 20:52 0x4f5...5f294

OG Score 37.7

Bitfinex is owned by same people who owns Tether (who prints USDT) they offerone of the worst UI/UX and trading experience, despite being the oldest. maker fees are 0.1 and taker 0.2 on most major pairs. deposit withdrawal speeds are average. strong reserves but somehow shallow orderbook. I guess people don't trade here as much because they don't give importance to marketing, bd, I doubt new crypto users know Bitfinex

Bitfinex

Top Traded Market Pairs on Bitfinex

Coin	Pair	Price	Change	Volume	Market cap	OG Score
Monero	XMR/BTC	$612.73	6.28%	$697,524	$11,529,134,998	56.1
Tether Gold	XAUT/USD	$4,092.64	0.69%	$588,644	$3,310,573,164	41.3
XDC Network	XDC/USD	$0.03468	7.09%	$91,660	$691,657,325	40.0
Stable	STABLE/USD	$0.02567	5.44%	$9,879	$462,164,378	10.5
Nym	NYM/USDT	$0.02994	1.81%	$3,681	$25,235,205	36.5
LEO Token	LEO/BTC	$9.04	0.06%	$643	$8,312,856,673	32.2
GoMining Token	GOMINING/USD	$0.3817	1.84%	$471	$153,695,681	23.5
Rayls	RLS/USD	$0.001992	7.93%	$215	$3,912,044	23.2
Stargate Finance	STG/USDT	$0.1693	4.02%	$89	$15,929,443	39.0
Sun Token	SUN/USD	$0.01652	0.09%	$48	$317,660,868	24.9

About Bitfinex

Website
Socials
Year Established	2012
Country	British Virgin Islands
Founder	Raphael Nicolle
CEO	Jean-Louis van der Velde

Bitfinex is a trading-focused exchange known for deep order books, a peer-to-peer margin funding market and zero trading fees since December 2025. Its close ties to Tether and its 2016 hack are the parts of its history readers ask about most.

Platform Background & Leadership

Bitfinex was founded in 2012 by Raphael Nicolle and is operated by iFinex Inc., registered in the British Virgin Islands. Bitfinex and Tether, the issuer of USDT, are controlled by the same parent company. Jean-Louis (JL) van der Velde is CEO, while Paolo Ardoino serves as Bitfinex CTO and as CEO of Tether. iFinex also issues the LEO token.

On December 17, 2025, Bitfinex removed trading fees for both makers and takers on spot, margin, perpetual derivatives, spot securities and OTC trading.

Bitfinex Security Track Record

Bitfinex suffered one of crypto's most infamous hacks. In August 2016, about 120,000 BTC (about $72 million at the time) were stolen from segregated wallets (Wikipedia: 2016 Bitfinex Hack). Bitcoin's price fell about 20%. Bitfinex spread the loss across all users with a 36% haircut and issued BFX tokens as IOUs, which it later redeemed in full.

In February 2022, US authorities arrested Ilya Lichtenstein and Heather Morgan for laundering the stolen funds and seized about 94,000 BTC. Lichtenstein was sentenced to five years in November 2024 and was released early to home confinement in January 2026. In 2025, a US court ordered the recovered bitcoin to be returned to Bitfinex in kind and the transfers were still in progress in 2026. Bitfinex has said it will use the coins to redeem its remaining Recovery Right Tokens and then put at least 80% of the remaining net proceeds toward buying back and burning LEO. No major breach has been reported since 2016.

With 7 verified reviews, Bitfinex holds an OG Score of 17.3. Reviewers credit the full repayment of the BFX tokens and the long period without a major incident, while the close link with Tether is the main concern they raise.

Bitfinex Fees & Fee Structure

Bitfinex charges no trading fees: maker fees are 0.00% and taker fees are 0.00%. Zero fees do not mean zero cost, since spreads, margin funding interest and deposit or withdrawal fees still apply. The margin funding marketplace lets users lend crypto to margin traders at rates they set themselves. Fiat access requires full verification and mainly serves larger traders.

Bitfinex Staking & Earn Products

Earn options include margin funding (peer-to-peer lending), staking on selected assets and Bitfinex Borrow for crypto-backed loans. The lending marketplace is the main differentiator and the overall range is narrower than on consumer-focused platforms.

Trading Experience & Platform Features

Bitfinex offers a professional interface with advanced order types, detailed order book views and paper trading. Products include spot, margin trading (up to 10x) and perpetual derivatives. Bitcoin deposits and withdrawals work over the Lightning Network and Bitfinex Securities offers tokenized securities. The platform mainly suits experienced traders who want deep liquidity on major pairs.

Bitfinex FAQ

Is Bitfinex really zero-fee? Since December 17, 2025, Bitfinex charges no maker or taker fees on spot, margin, perpetuals, securities and OTC trades. Spreads, funding interest and withdrawal fees still apply.

What happened in the 2016 Bitfinex hack? Hackers stole about 120,000 BTC. Bitfinex shared the loss across users, repaid them through BFX tokens and a US court later ordered the recovered coins returned to the exchange.

How is Bitfinex related to Tether? Bitfinex and Tether are controlled by the same parent company and Paolo Ardoino is both Bitfinex's CTO and Tether's CEO.

We compiled this Bitfinex analysis using publicly available data, including the Bitfinex Official Website, Bitfinex X (Twitter) Account. The OGAudit community shares this for educational purposes only, so please do not treat it as financial or legal advice. Spot an error or an outdated fact? Let us know via our contact form so we can fix it.

# Listed Coins	138
# Pairs	380
Spot Trading Fees* (Maker / Taker)	0.00% / 0.00%
Futures Trading Fees* (Maker / Taker)	0.00% / 0.00%
Margin Trading

* For the most up-to-date exchange fee information, please visit the official website of the exchange.

Bitfinex Community Sentiment

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