Bitfinex
Bittrex
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Overview
Bitfinex was founded in 2015 and is headquartered in New Zealand, while Bittrex was established in 2010 and is based in South Korea. Bitfinex holds licences including Financial Services Provider (FSP), while Bittrex is regulated by Securities and Exchange Commission (SEC) among others. Bitfinex serves 10,000+ clients worldwide; Bittrex has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Bitfinex | Bittrex |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Financial Services Provider (FSP) | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) |
| Founded | 2015 | 2010 |
| Country | New Zealand | South Korea |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Bitfinex and Bittrex, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Bitfinex charges withdrawal fees while Bittrex does not, a notable advantage for frequent withdrawers. Bittrex charges deposit fees; Bitfinex does not. The two brokers are broadly comparable on fee structure.
| Feature | Bitfinex | Bittrex |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Bitfinex offers MT5, cTrader, while Bittrex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Bitfinex supports social and copy trading features, which Bittrex does not offer. Bittrex edges ahead on platform breadth and functionality in our scoring.
| Feature | Bitfinex | Bittrex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Android Apps,iPhone/iPad,Desktop | MetaTrader 4, cTrader Platform |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Bitfinex and Bittrex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Bitfinex | Bittrex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bitfinex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Bittrex supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Bitfinex | Bittrex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Bitfinex and Bittrex offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Bitfinex | Bittrex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |