Bitfinex 1

Bitfinex history

Bitfinex was founded in 2012, in an era when the world was just beginning to familiarise itself with the concept of cryptocurrency. The founders of Bitfinex aimed to create a platform that would provide traders with advanced tools for trading cryptocurrencies, as well as a high level of security. From the very beginning, the company focused on developing an intuitive interface and implementing innovative technologies to provide its users with the best trading experience.

Growth and development

Over the years, Bitfinex has become one of the leading cryptocurrency exchanges due to its unrelenting commitment to innovation and improving user experience. The company has introduced a number of unique features such as leveraged margin trading, margin funding and OTC trading, which has attracted both retail and institutional investors.

Challenges and overcoming crises

Like many other cryptocurrency platforms, Bitfinex has faced a number of challenges and crises. One of the most significant was the hack in 2016, when more than $70 million worth of bitcoins were stolen. The company was able to respond effectively to this crisis, including through the implementation of a recovery plan that included the issuance of a BFX token offered to affected users as compensation. Subsequently, all BFX tokens were redeemed by the company, restoring user confidence.

Innovations and the future

Bitfinex continues to innovate, including improving security, introducing new technologies and expanding the list of available cryptocurrencies. The company is actively exploring and implementing areas such as decentralised finance (DeFi) to offer users access to the latest tools and products in the world of cryptocurrencies.


Bitfinex’s story is a tale of growth, innovation and overcoming challenges. It serves as an inspirational example for other companies in the cryptocurrency industry and continues to influence the development of the market through its relentless pursuit of excellence, security and providing quality services to its users. In the future, Bitfinex will undoubtedly continue to play a key role in the development of the cryptocurrency space by adapting to new technologies and changing market demands.

 Company website:

Year of foundation: 2012

Daily visitors: 58, 501

Daily pageviews: 245,705

Alexa Rank: 10680

Trading volume: $890,281,261

 How to cash out on Bitfinex

Withdrawing funds from Bitfinex cryptocurrency exchange is a process that may seem complicated at first glance, but upon closer examination it turns out to be quite simple and intuitive. In this article, we will look at the detailed process of withdrawing funds from Bitfinex, including preparing for withdrawal, choosing a withdrawal method and making the withdrawal, as well as answer some frequently asked questions.

Step 1: Preparing for withdrawal

Before proceeding with withdrawals, make sure you have a verified Bitfinex account. Verification is required to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, which is standard practice for most cryptocurrency exchanges. The verification process may involve providing personal information such as passport or driver’s licence and proof of residential address.

Step 2: Log in to your account and access the withdrawal section

  1. Log in to your Bitfinex account.
  2. Go to the “Wallet” section and select “Withdraw”.

Step 3: Selecting a withdrawal method

Bitfinex offers several withdrawal methods including bank transfer, credit/debit card withdrawal and cryptocurrency withdrawal. Choose the method that is most convenient for you. It is important to note that different withdrawal methods may have different fees and processing times.

Step 4: Enter details for withdrawal

After selecting the withdrawal method, you will be asked to enter the necessary details such as bank details for bank transfer or cryptocurrency wallet address for cryptocurrency withdrawal. Make sure that all entered details are correct to avoid delays or loss of funds.

Step 5: Confirm and send the withdrawal request

After entering all the required details and selecting the amount to withdraw, verify the information provided and confirm the transaction using 2FA (two-factor authentication) if required by your security setting. Submit your withdrawal request.

Step 6: Waiting for output processing

Withdrawal processing time may vary depending on the method chosen. Bank transfers can take several business days, while cryptocurrency withdrawals are usually faster. Bitfinex provides information about the status of your request in the transaction history section.

Frequently Asked Questions

  • Can I cancel a withdrawal request? In some cases, it is possible to cancel a withdrawal request if it has not yet been processed. However, once processing has begun, it will not be possible to cancel a withdrawal.
  • What withdrawal fees does Bitfinex charge? The fees depend on the chosen withdrawal method. Before submitting a withdrawal request, it is recommended to check the current fees on the official Bitfinex website.
  • How long does it take to withdraw funds? Withdrawal processing time depends on the chosen method and can vary from a few minutes to several working days.


Withdrawing funds from Bitfinex is a relatively simple process that requires attention to detail when entering banking or cryptocurrency details. By following the steps and recommendations above, you will be able to withdraw your funds from the platform safely and efficiently.

 How to create an account on Bitfinex

Creating an account on Bitfinex is the first step to entering the world of cryptocurrency trading on one of the leading international platforms. The registration process is quite simple and can be done in a few steps. Below is a detailed guide on how to create an account on Bitfinex, from the initial registration stage to account verification for accessing all the platform’s features.

Step 1: Go to the official Bitfinex website

The first step is to visit the official Bitfinex website at Make sure you are on the real Bitfinex website to avoid phishing attacks and other types of scams.

Step 2: Register your account

On the home page of the website, locate and click the “Sign Up” or “Create Account” button. You will be prompted to fill out a registration form that includes the following information:

  • Email address
  • Password (create a strong password combining letters, numbers and special characters)
  • Password confirmation

Step 3: Agreement to Terms of Use

During the registration process, you will be asked to read Bitfinex’s terms of use and privacy policy. Read these documents carefully, as they contain important information about the rules of working on the platform. If you agree with the terms and conditions, tick the appropriate box to confirm your consent.

Step 4: Confirm your email

After completing the registration form and agreeing to the terms of use, click the “Register” button. An email will be sent to the email address you provided with a link to confirm your registration. Follow this link to activate your Bitfinex account.

Step 5: Set up two-factor authentication (2FA)

To increase the security of your account, Bitfinex recommends setting up two-factor authentication (2FA). This can be done using a mobile authenticator app such as Google Authenticator or Authy. Two-factor authentication requires you to enter a temporary code each time you log in, which greatly reduces the risk of unauthorised access to your account.

Step 6: Account Verification (optional)

To access the full functionality of the platform, including the ability to withdraw funds, you must undergo an account verification procedure. Verification involves providing proof of your identity (e.g. passport or driving licence) and residential address. The verification process may take a few days depending on the workload of the support team.

Step 7: Getting Started with Bitfinex

After completing all the above steps, your Bitfinex account is ready to be used. You can start trading cryptocurrencies, use the platform’s various tools and features to analyse the market and manage your investments.


Creating an account on Bitfinex opens the door to the world of cryptocurrency trading. By following this detailed guide, you can easily sign up and start using all the features of one of the largest cryptocurrency exchanges in the world. Keep security in mind and don’t forget to set up two-factor authentication to protect your account.

 How to make a deposit on Bitfinex

Making a Bitfinex deposit is a key step to start trading and investing in cryptocurrencies on one of the largest cryptocurrency exchanges in the world. This process involves several steps, from logging into your account to the actual transfer of funds. In this article, we will go over detailed step-by-step instructions on how to make a deposit on Bitfinex, including information on the different deposit methods available.

Step 1: Log in to your Bitfinex account

Firstly, you need to log in to your Bitfinex account. If you do not already have an account, you should register and, if necessary, go through the verification process to expand your deposit and withdrawal options.

Step 2: Accessing the deposit section

Once logged in, go to the “Wallet” section and select the “Deposit” option. Here you will see a list of available currencies and deposit methods, including cryptocurrencies and fiat money.

Step 3: Selecting a currency and deposit method

Select the currency you want to deposit. Bitfinex supports many cryptocurrencies, as well as some fiat currencies for bank transfer deposits. After selecting the currency, decide on the deposit method. For cryptocurrencies, this is usually a direct transfer to your Bitfinex wallet, while for fiat money it is usually a bank transfer or other available options.

Step 4: Obtaining a deposit address

For a cryptocurrency deposit, the system will generate a wallet address to which you need to transfer funds. It is important to copy this address exactly and use it when sending funds from your personal wallet or from another exchange.

If you make a deposit in fiat currency, you will be provided with bank transfer details including the beneficiary bank, account number and payment instructions. Make sure you follow these instructions precisely to avoid delays or problems with crediting your account.

Step 5: Transfer of Funds

Transfer the selected amount to the provided wallet address or bank details. The crediting time depends on the chosen method: cryptocurrency transfers are usually faster than bank transfers, which can take several days.

Step 6: Confirming the crediting of funds

Once the transfer is completed, the deposit will be credited to your Bitfinex account. The crediting time may vary depending on the network congestion (for cryptocurrencies) and banking procedures (for fiat currencies). You can track the status of your deposit in the “Deposit History” section of your account.

Important points

  • Make sure you send the correct currency to the address provided; otherwise funds may be lost.
  • When sending a fiat deposit, follow the payment instructions carefully to ensure it is credited correctly.
  • Be aware that there may be fees for deposits, which depend on the deposit method chosen.

By following these steps, you will be able to successfully make a deposit with Bitfinex and start trading or investing in cryptocurrencies. Bitfinex offers a wide range of cryptocurrency and fiat options for deposit, providing flexibility and convenience to its users.

 Which currencies Bitfinex accepts

Bitfinex, one of the leading cryptocurrency exchanges in the world, provides users with a wide range of trading options, including many cryptocurrencies and some fiat currencies. This platform is known for its deep liquid market, advanced trading tools, and a wide selection of available assets. In this article, we will take a closer look at which currencies Bitfinex accepts and what unique opportunities they offer traders and investors.

Cryptocurrencies on Bitfinex

Bitfinex supports a wide range of cryptocurrencies, allowing users to trade both popular and lesser known digital assets. The list of supported cryptocurrencies is constantly expanding, including:

  • Bitcoin (BTC): As expected, the world’s leading cryptocurrency is available for trading on Bitfinex.
  • Ethereum (ETH): The second most capitalised cryptocurrency is also well represented on the platform.
  • Ripple (XRP), Litecoin (LTC), and EOS: These cryptocurrencies are in high demand among traders and have significant trading volume.
  • Tether (USDT): Stablecoin, pegged to the US dollar, plays a key role in transactions on Bitfinex, providing liquidity and stability.
  • Altcoins and tokens: Bitfinex provides access to a wide range of altcoins and tokens, including Chainlink (LINK), Polkadot (DOT), Cardano (ADA), and many others. The platform also supports trading of DeFi (decentralised finance) tokens, making it attractive to investors interested in the latest trends in the crypto industry.

Fiat currencies on Bitfinex

In addition to an extensive list of cryptocurrencies, Bitfinex also supports trading of several major fiat currencies. This gives traders the ability to deposit and withdraw traditional money, as well as trade cryptocurrency pairs to fiat. Among the accepted fiat currencies are:

  • US dollar (USD)
  • Euro (EUR)
  • British Pound Sterling (GBP)
  • Japanese Yen (JPY)

These currencies can be used for deposits and withdrawals via bank transfer or other methods supported by the platform. The availability of fiat currencies simplifies the process of interacting with the cryptocurrency market for new users and provides additional trading strategies for experienced traders.

Unique trading opportunities on Bitfinex

Bitfinex stands out from other cryptocurrency exchanges not only for its wide range of supported currencies, but also for its advanced trading features such as leveraged margin trading, position pyramiding, margin funding and OTC trading. These tools make Bitfinex attractive to serious traders and investors looking to maximise their profits and manage risk.


Bitfinex continues to be one of the most popular and trusted cryptocurrency exchanges in the world, thanks in part to its wide range of supported cryptocurrencies and fiat currencies. The platform offers traders and investors deep liquidity, advanced trading tools, and high-level security. Whether you are a beginner in the world of cryptocurrencies or an experienced trader, Bitfinex will provide you with the tools and opportunities to trade and invest successfully.

 In which countries Bitfinex exchange is registered

Bitfinex exchange is one of the oldest and most well-known cryptocurrency exchanges in the world. Founded in 2012, it has grown to become a major player in cryptocurrency trading, providing services to users around the world. The question of which countries Bitfinex is registered in opens up an interesting topic related to the global nature of the cryptocurrency market and its regulatory landscape.

Basis and legal registration

Bitfinex was founded in 2012 by Rafael Nicolli and Gianluca D’Agostino as one of the first cryptocurrency trading platforms. Upon launching, the exchange quickly gained popularity among traders due to its advanced features such as margin trading and position pyramiding.

Throughout its existence, Bitfinex has faced various legal and regulatory issues, which to some extent has conditioned its approach to incorporation and governance. As of my last update, Bitfinex operates under the jurisdiction of the British Virgin Islands, which is a popular choice for many cryptocurrency companies due to its favourable regulatory climate and tax environment.

Global presence

Although Bitfinex may be legally registered in a particular jurisdiction, its operations span the globe. The platform serves users from all continents, offering a wide range of cryptocurrency services. However, it is important to note that the availability of Bitfinex services may vary depending on the country of residence of the user, as local cryptocurrency laws and regulations may differ significantly.

Regulatory challenges and adaptation

Like many other cryptocurrency exchanges, Bitfinex has faced regulatory challenges in various jurisdictions. In response to these challenges, the company has adapted its policies and procedures to meet international standards in the areas of anti-money laundering (AML) and customer knowledge (KYC), as well as data protection and user financial security.


Bitfinex is an example of a global cryptocurrency exchange that, despite its legal ties to the British Virgin Islands, influences the cryptocurrency market around the world. The exchange continues to adapt to the changing regulatory landscape, endeavouring to provide security and convenience to its users regardless of their location. This emphasises the importance of understanding not only the technical aspects of trading on cryptocurrency exchanges, but also the legal and regulatory context in which these exchanges operate.

 What services Bitfinex exchange offers

Founded in 2012, Bitfinex is one of the oldest and most respected platforms in the world of cryptocurrencies. Over the years, Bitfinex has gained a reputation for its wide range of services offered to beginners, experienced traders and investors alike. In this article, we will look at the key services and functionalities that make Bitfinex an important player in the cryptocurrency market.

  1. Trading in cryptocurrencies

The core of Bitfinex is cryptocurrency trading. The platform offers a wide range of trading pairs, including both major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP), as well as many altcoins and tokens. Users can take advantage of advanced trading tools such as limit and market orders, stop orders and margin trading.

  1. Margin trading and financing

Bitfinex stands out from other exchanges with its margin trading capabilities. Users can trade with leverage, increasing the potential profit from their trades. To support margin trading, Bitfinex also offers a margin funding mechanism that allows users to earn interest by lending their funds to other traders.

  1. OTC trading

For large investors, Bitfinex offers an over-the-counter (OTC) trading service that allows large trades to be made directly, without the need to place orders on the open market. This helps avoid significant price fluctuations associated with large transactions and provides additional privacy.

  1. Platform for tokenised assets

Bitfinex has also expanded its services beyond traditional cryptocurrencies by offering a platform for tokenised assets. This includes tokens representing stocks, bonds and other financial instruments, allowing users to invest in a wide range of assets through the cryptocurrency ecosystem.

  1. Steaking and lending

Bitfinex offers users steaking and lending options, allowing them to earn interest on their cryptocurrency assets. Staking is particularly relevant for owners of Proof-of-Stake (PoS) cryptocurrencies, while the lending service allows users to rent their assets to other users on the platform to generate passive income.

  1. API for developers

For developers and professional traders, Bitfinex provides a powerful application programming interface (API) to automate trading, analyse market data and integrate custom applications with the platform to execute complex trading strategies.


Bitfinex is a comprehensive cryptocurrency platform offering a wide range of services for traders and investors of all levels. From advanced trading and margin financing to OTC trading and staking and lending capabilities, Bitfinex aims to provide its users with all the tools they need to succeed in the cryptocurrency market. Through continuous development and adaptation to the changing market landscape, Bitfinex remains at the forefront of the cryptocurrency industry, offering innovative and reliable solutions to the global community.

 How Bitfinex exchange works

Bitfinex is one of the oldest and most developed cryptocurrency exchanges in the world, providing users with a wide range of tools and services for trading cryptocurrencies. This platform combines deep liquidity with advanced trading features, making it attractive to both beginners and experienced traders. In this article, we will take a look at how the Bitfinex exchange works, including its key features and the tools offered.

Basic principles of Bitfinex operation

Registration and verification

To start working on Bitfinex, users must complete the registration process by creating an account and providing the necessary personal information. Depending on the level of access required, it may be necessary to go through a verification process, which includes providing proof of identity and residential address. This is necessary to comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) policies.

Depositing and withdrawing funds

Once registered, users can make deposits in cryptocurrencies or fiat money using a variety of funding methods, including bank transfers and transfers from other cryptocurrency wallets. Withdrawals also support a variety of methods, allowing users to transfer their funds back to their personal bank accounts or cryptocurrency wallets.


Bitfinex offers trading in a wide range of cryptocurrency pairs, including both popular and lesser-known cryptocurrencies. The platform provides deep liquidity, allowing users to execute large orders with minimal impact on the market price. Traders can use various order types including limit, market and stop orders to execute their trading strategies.

Margin trading and financing

Bitfinex stands out from other exchanges with its margin trading facility, allowing users to trade with leverage and maximise the potential profit (or loss) from their trades. Margin funding provides traders with the ability to borrow funds to trade, while other users can lend their funds in exchange for interest payments.

API for developers

For professional traders and developers, Bitfinex provides a powerful API that allows them to automate trading strategies, analyse market data and integrate their own software solutions for account management and trading.

Unique features of Bitfinex

  • User Interface: Bitfinex offers a customisable interface, allowing users to tailor the trading platform to their needs.
  • Security: The Exchange pays special attention to the security of user funds and data, using a multi-layered security system, including cold storage of most assets and two-factor authentication.
  • Support: Bitfinex offers 24/7 customer support through various channels, including email and live chat, providing quick answers to user questions.


Bitfinex is a multi-functional cryptocurrency exchange offering a wide range of services for individual traders and institutional investors. With its advanced toolset, deep liquidity and strict security measures, Bitfinex continues to be one of the leading platforms in the cryptocurrency market.

 Pros and cons of Bitfinex

Bitfinex, one of the oldest and most respected cryptocurrency exchanges on the market, provides users with a wide range of tools and trading opportunities. However, just like any other platform, Bitfinex has its pros and cons that can influence the decision of traders and investors to work with this exchange. In this article, we will look at the key advantages and disadvantages of Bitfinex to help you make an informed choice.

Pros of Bitfinex

  1. Deep liquidity

Bitfinex is known for its deep liquidity, especially when paired with Bitcoin and Ethereum, which provides users with fast order execution even with high trading volumes. This makes it attractive to large traders and institutional investors.

  1. Wide range of cryptocurrencies

A wide range of cryptocurrencies and trading pairs are available on Bitfinex, including both popular and lesser-known altcoins. This allows users to diversify their investments and explore new markets.

  1. Advanced trading instruments and margin financing

Bitfinex offers advanced trading tools, including margin trading with leverage up to 10x, allowing traders to maximise potential profits. The platform also provides a margin funding facility where users can earn interest by lending their funds to other traders.

  1. Safety

Bitfinex takes the security of user funds and data seriously, utilising comprehensive security measures including cold storage of assets, two-factor authentication and traffic encryption.

Minuses of Bitfinex

  1. Complex interface for beginners

The Bitfinex interface may seem complicated for newcomers due to the abundance of advanced features and settings. It may take time for new users to become fully familiar with the platform’s features.

  1. Past security problems

In 2016, Bitfinex experienced a major hack in which approximately 120,000 BTC worth of bitcoins were stolen. Although the exchange has significantly improved its security measures since then, the incident left a mark on the platform’s history.

  1. Restrictions for U.S. residents

Due to strict regulatory requirements, Bitfinex has restricted access for US residents. This means that US traders and investors cannot use the platform’s services.

  1. High verification requirements

In order to perform certain transactions on Bitfinex, including withdrawing fiat funds, users must undergo a verification process, which can be lengthy and require extensive personal information.


Bitfinex remains one of the leading cryptocurrency exchanges due to its deep liquidity, wide selection of cryptocurrencies, and advanced trading tools. However, potential users should consider past security issues and restrictions for residents of certain regions. Weighing the pros and cons, each trader or investor can determine whether Bitfinex is suitable for realising their investment strategies and trading goals.

 Cost of services in Bitfinex

Bitfinex is one of the largest and most well-known cryptocurrency exchanges in the world, offering a wide range of services including trading, staking, lending, and more. In this article, we will take a detailed look at Bitfinex’s commission structure to give readers a full understanding of the cost of using the platform.

Structure of the Commissions

Bitfinex uses a differentiated commission structure that depends on several factors, including the type of transaction (buy/sell), trading volume over a 30-day period, and a member’s LEO status.

Trade Commissions

  • Maker Fee: Commission for creating orders that add liquidity to the market. Usually lower than the commission for a taker.
  • Taker Fee: Fee for executing existing orders that reduce market liquidity.

Commissions can range from 0.1% to 0.2%, depending on trading volume.

Fees for Deposit and Withdrawal of Funds

Bitfinex charges fees for depositing and withdrawing fiat and cryptocurrency funds. Fiat fees depend on the chosen transfer method, while cryptocurrency fees are usually related to network activity and the chosen cryptocurrency.

Steakin’ and Lendin’

The platform also offers staking and lending services where users can earn interest by lending their assets. Fees for these services vary and are subject to change depending on market conditions.

Benefits for LEO Holders

LEO token holders can receive discounts on trading commissions, which makes using the platform more favourable for active traders.


Bitfinex offers a competitive commission structure based on trading volume and user status. Being aware of these commissions helps users to manage their funds more efficiently and optimise their trading strategies. For up-to-date information on commissions, it is recommended to visit the official Bitfinex website.

 How customer security is ensured at Bitfinex

In the era of digitalisation of finance, security is becoming paramount for all market participants. Bitfinex, one of the largest cryptocurrency exchanges in the world, takes high-level measures to ensure the safety of its customers. In this article, we will take a look at exactly what steps Bitfinex is taking to protect users and their funds.

Multilevel Security System

Data encryption

Bitfinex uses advanced encryption technologies to protect user data, including HTTPS, server-side and client-side encryption. This ensures that personal information and financial transactions are protected from unauthorised access.

Two Factor Authentication (2FA)

Bitfinex requires two-factor authentication to access user accounts, which significantly reduces the risk of unauthorised access. 2FA can use mobile applications such as Google Authenticator or hardware tokens.

Cold Storage

Most user funds are stored in cold wallets that are not connected to the Internet, making them inaccessible to hackers. Bitfinex uses a sophisticated key distribution system to manage these wallets, providing an additional layer of protection.

Monitoring and Response

Bitfinex’s security team monitors the system in real time for any suspicious activity to immediately respond to potential threats. Includes intrusion prevention systems and regular vulnerability analyses.

Account Management

Users are provided with advanced security settings to control access to their accounts, including a list of trusted IP addresses and automatic session disabling.

Continuous Updating and Training

Bitfinex regularly updates its security infrastructure to keep up with current threats and also holds training sessions for its employees, focusing on cybersecurity.

 Does Bitfinex provide a bank card?

In today’s world, cryptocurrency exchanges strive to offer their users convenient tools for interacting with traditional financial systems. One such tool is a bank card linked to an account on the exchange. In this article, we will look at whether Bitfinex provides its clients with a bank card and what opportunities this opens up.

Bitfinex Bank Card

As of the last update (until April 2023), Bitfinex has not announced the release of its own bank card for direct access to funds in trading accounts. However, things are changing rapidly in the cryptocurrency industry and many platforms are introducing such products for the convenience of their users.

Alternative Ways to Access Funds

While there may not be a direct bank card offer from Bitfinex, users of the platform have other ways to manage their funds and transfer them into the traditional financial system:

  • Withdrawal of funds to bank accounts: Users can withdraw their funds directly to their bank accounts using the appropriate fiat channels on the platform.
  • Affiliate Cards: Some cryptocurrency platforms partner with third parties to provide debit cards. Users should investigate whether Bitfinex has such affiliate programmes.

Possible Benefits of Bitfinex Bank Card

Users could expect the following benefits if a Bitfinex bank card is introduced:

  • Direct access to funds: The convenience of using cryptocurrency assets for everyday purchases without having to exchange them for fiat beforehand.
  • Rewards and bonuses: The opportunity to receive rewards for purchases made with the card, similar to traditional bonus programmes.
  • Global use: The ability to use the card in a wide range of countries and shops that accept the card for payment.


While there is no direct bank card offering from Bitfinex at the moment, users can take advantage of other available methods to manage their funds. Innovation in the cryptocurrency industry continues to evolve, and it is possible that Bitfinex will introduce its own bank card solution in the future. For the most up-to-date information, it is recommended to follow updates on the official website and official Bitfinex communities.

 What is the legal name of Bitfinex?

Bitfinex is one of the leading cryptocurrency exchanges in the world, offering a wide range of services for traders and investors. It is known for its innovative cryptocurrency solutions, including trading, staking, lending, and more. However, despite its popularity among cryptocurrency users, the company’s legal name often remains in the shadows for many. In this article, we will take a closer look at what Bitfinex’s legal name is and what its legal structure is.

Legal Name and Structure

Bitfinex is the trading name behind iFinex Inc. iFinex Inc. is registered in the British Virgin Islands and operates not only Bitfinex but also a number of other related services in the cryptocurrency ecosystem.

iFinex Inc. was founded in 2012 and since then has been actively developing and expanding in the cryptocurrency industry. It provides a wide range of services related to cryptocurrencies, including exchange transactions, storage, lending and investment services.

Role and Importance in the Crypto Industry

iFinex Inc., through its Bitfinex platform, plays a significant role in the development of the cryptocurrency market. The company not only provides a platform for trading a wide range of cryptocurrencies, but also develops innovative products and services that facilitate the integration of cryptocurrencies into a wide range of financial and technological processes.

Legal Challenges and Regulation

Like many other cryptocurrency companies, iFinex Inc. faces legal and regulatory challenges in different jurisdictions. The company actively works to comply with regulatory requirements and strives to ensure transparency and security of its operations for clients around the world.


iFinex Inc., the company behind Bitfinex, is a key player in the cryptocurrency industry, offering many services for traders, investors and cryptocurrency enthusiasts. Its contribution to market development and innovation makes the company an important player in the crypto ecosystem. At the same time, iFinex Inc. continues to adapt to changing regulatory requirements to provide its users with a safe and secure platform for dealing with cryptocurrencies.

 Who is the creator of the Bitfinex exchange

Bitfinex is one of the oldest and most respected cryptocurrency exchanges in the world, offering a wide range of services including trading, staking, lending, and more. Since its inception, Bitfinex has played a key role in the development of the cryptocurrency industry by providing innovative solutions and improving access to cryptocurrency markets. In this article, we explore who is behind the creation of Bitfinex and what its contribution to the world of cryptocurrencies has been.

Bitfinex foundation

Bitfinex was founded in 2012. One of the key figures behind the creation of Bitfinex is Raphael Nicolle. Nicolson was passionate about creating a platform that would offer more advanced trading tools than what was available on the market at the time.

Raphael Nicholson and his Contribution

Raphael Nicholson, as an experienced member of the cryptocurrency community, put a lot of effort into making Bitfinex the leading cryptocurrency exchange. His vision included not only providing a powerful trading platform, but also creating a convenient tool for risk hedging and margin trading.

Development and Innovation

Since its inception, Bitfinex has repeatedly demonstrated its ability to adapt to the changing market and adopt new technologies. Under the leadership of its founders, Bitfinex has integrated various innovative features such as peer-to-peer lending for margin trading, allowing users to borrow funds for leveraged trading.

Challenges and Overcoming

Like many other cryptocurrency platforms, Bitfinex has faced its share of problems and challenges, including hacking attacks and disputes with regulators. Despite this, the Bitfinex team has been able to overcome these challenges, thanks in large part to strong leadership and dedication to its mission. In response to these challenges, Bitfinex has strengthened its security measures and continued to develop new tools to ensure transparency and protect users.


The creation of Bitfinex by Raphael Nicholson has had a significant impact on the cryptocurrency world, providing traders and investors with a powerful tool for dealing with digital assets.

 In which countries Bitfinex has a licence?

Bitfinex, one of the largest and most well-known cryptocurrency exchanges in the world, provides a wide range of cryptocurrency services, including trading, staking, lending, and more. Operating on this scale requires compliance with the regulatory requirements of various jurisdictions. In this article, we will look at which countries Bitfinex has a licence to operate in and how this affects the services offered.

Bitfinex Legal Framework

Before talking about specific licences, it is important to note that Bitfinex is operated by iFinex Inc. registered in the British Virgin Islands. This legal framework determines the approach to regulation and licensing in different markets.

Licensing by Country

As of the latest available update to April 2023, Bitfinex operates in many countries around the world, complying with local laws and regulations. However, information about specific licences in each country may not be uniform due to differences in laws and requirements for cryptocurrency platforms.

  • USA: Bitfinex has discontinued services to customers from the United States due to strict regulatory requirements and regulatory ambiguity surrounding cryptocurrencies.
  • European Union: The EU has different regulatory bodies and requirements can vary significantly from country to country. Bitfinex tries to comply with general European and national regulations, but specific licences are not always publicly disclosed.
  • Asia: In this region, Bitfinex operates in countries with more liberal attitudes towards cryptocurrencies, such as Japan and Singapore, where the company follows local regulatory requirements.

Importance of Licensing

Licences confirm the legitimacy of an exchange and its compliance with local laws, which is important both for the protection of users and the prevention of financial crime. In countries with a clear regulatory framework for cryptocurrencies, having a licence for an exchange provides additional security for its customers.

iFinex Inc.

iFinex Inc. is one of the leading financial technology (FinTech) companies specialising in the development and provision of innovative services in the field of cryptocurrencies and digital assets. In this article, we will look at the main aspects of the company’s operations, development history, products and technologies, as well as its impact on the global cryptocurrency industry.

  1. An overview of iFinex Inc.

iFinex Inc. is an international company incorporated in the British Virgin Islands, with offices and representative offices in various countries around the world. It is known as the owner and operator of several major cryptocurrency exchanges, including Bitfinex and Ethfinex.

  1. History of development

The company was founded in 2012 by a group of cryptocurrency enthusiasts who saw the potential of blockchain technology to change the financial industry. Over time, iFinex Inc. has become one of the leading players in the cryptocurrency market, providing trading services and platforms for exchanging digital assets.

  1. Products and Technologies

iFinex Inc. offers a wide range of products and services, including cryptocurrency exchanges, margin trading, lending, cryptocurrency wallets and other financial instruments. The company is also actively developing its technology solutions to ensure high performance, security and user convenience.

  1. Impact on the Cryptocurrency Industry

iFinex Inc. plays a significant role in the development of the cryptocurrency industry, providing infrastructure and tools for millions of users worldwide. Its exchanges are considered among the largest and most liquid in the market, and its technology and innovations often become the standard for other industry participants.


iFinex Inc. continues to be a key player in the world of Cryptocurrency and FinTech, providing high quality services and products to its users. With a constant focus on security, innovation and customer satisfaction, the company continues to lead the industry and make a meaningful contribution to its development.

 iFinex Financial Technologies Limited

iFinex Financial Technologies Limited is a leading global financial technology provider specialising in developing and delivering innovative solutions for cryptocurrencies and digital assets. In this article, we will look at the main aspects of this company, its impact on the market and its key products and services.

  1. iFinex Financial Technologies Limited Company Overview

iFinex Financial Technologies Limited is an international company with offices and representative offices in different countries of the world. The company specialises in the development and implementation of innovative financial technologies and provides services in the field of cryptocurrency trading and investment.

  1. Products and Services

The key products and services of iFinex Financial Technologies Limited are cryptocurrency exchanges and trading platforms, including Bitfinex and Ethfinex. These platforms provide extensive opportunities to trade various digital assets, as well as tools for market analysis and portfolio management.

  1. Innovation and technology

The company is constantly developing its technology and innovative solutions to provide its clients with modern and reliable tools for working with cryptocurrencies. This includes developing new trading algorithms, improving user interfaces and enhancing platform security.

  1. Impact on the Market

iFinex Financial Technologies Limited plays a significant role in the global cryptocurrency and financial technology market. Its platforms are considered among the most popular and liquid among traders and investors, and its innovations and developments influence the formation of trends and standards in the industry.


iFinex Financial Technologies Limited continues to be a key player in the world of financial technology and cryptocurrencies, providing high quality products and services to its clients worldwide. With a constant focus on innovation, security and meeting the needs of its users, the company continues to be at the helm of the industry and make a meaningful contribution to its development.

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At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United Europe OÜ

Registration number: 14153440–
Anno: 16.11.2016
Phone: +372 56 966 260
Email:  [email protected]
Address: Laeva 2, Tallinn, 10111, Estonia

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

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