Comparison of Bitfinex vs Hitbtc [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bitfinex vs Hitbtc comparison!

Your expert: Alejandro Borja

bitfinex

Bitfinex

Your expert: Xavier Tarrasó

hitbtc

Hitbtc

Main points

Fees

0,10% /0,20%

Earns

No

Customer service

3/5
0,10%/0,20%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

No

Trading

Yes

Passive income

No

Buy and hold

Yes
No

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

4.2 – Low fees for high-volume traders but higher for smaller trades.
4.0 – Competitive fees with additional benefits for token holders.

Level

0,10% /0,20%
0,10%/0,20%

Brief explanation

Bitfinex’s fee structure is designed to cater to both high-volume and occasional traders. The exchange employs a maker-taker fee model, where makers, who add liquidity to the market by placing limit orders, typically pay lower fees than takers, who remove liquidity by matching orders already on the book. Fees for takers start at 0.20%, and for makers, they begin at 0.10%. These fees decrease significantly with increased trading volume, making Bitfinex an attractive option for active traders. Additionally, there are no fees for depositing cryptocurrencies, though withdrawal fees do apply and vary depending on the currency. Overall, Bitfinex’s fees are competitive within the industry, providing a fair balance between cost and the comprehensive features offered.
HitBTC Trading Fees Overview HitBTC uses a straightforward fee structure that follows a maker-taker model. The standard fee is 0.1% for makers and 0.25% for takers. However, the fee decreases with higher trading volumes, incentivizing frequent and high-volume trading. For instance, users with significant monthly trading volumes can benefit from fees as low as -0.01%, essentially earning rebates on their trades . The exchange also offers tiered fee discounts based on trading volume over the last 30 days. This means that the more you trade, the less you pay in fees, which can be advantageous for active traders. Additionally, HitBTC supports various withdrawal methods, each with its own associated fees, primarily network fees for the cryptocurrency being withdrawn . Summary of HitBTC’s Commissions HitBTC’s commission structure is designed to be competitive and transparent. Regular users face a 0.1% maker fee and a 0.25% taker fee, with opportunities for rebates and lower fees for high-volume traders. The tiered fee system encourages increased trading activity by offering progressively lower fees based on the user’s trading volume over the past 30 days. Withdrawal fees vary depending on the cryptocurrency and its network conditions, while there are no deposit fees for digital assets. Overall, HitBTC’s fee structure benefits frequent traders, though beginners and low-volume traders should be aware of the standard rates. The exchange’s commitment to transparent and competitive fees makes it a strong contender for those looking to minimize trading costs while maximizing trading opportunities.

Bitfinex

Hitbtc

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Product selection

Native token

Token LEO
No

Earns

No
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

iFinex Inc.
HIT Solution Inc.

Regulation

Not regulated
Not regulated

Year founded

2012
2013

Founder

Jean
Unknown

Payment methods

Transfers

Yes
No

Mastercard

No
No

Wire transfer

Yes
No

Card

No
No

Comparative table

Bitfinex FEATURES Hitbtc
Bitfinex allows trading with a relatively low minimum, catering to both small and large investors.
Minimum Trade
Giottus has a low minimum trade amount, making it accessible for users with varying investment sizes.
Fees are competitive, but high withdrawal fees may deter frequent traders.
Trading and Transaction Fees
Competitive fee structure with no fees for makers and 0.20% for takers, lower than the industry average.
Offers a wide range of cryptocurrencies, providing extensive trading options.
Number of Cryptocurrencies
Supports a decent range of major cryptocurrencies and some altcoins, though not as extensive as some larger exchanges.
Extensive crypto-to-crypto pairings offer flexible trading strategies.
Crypto-to-Crypto Trading Pairs
Offers various crypto-to-crypto trading pairs, sufficient for most traders but not exhaustive.
Generally transparent with operational and security practices but could improve in fee structures.
Website Transparency
Provides clear and transparent information on fees, services, and features, ensuring users are well-informed.
Bitfinex does not provide an exchange card for customers to use for in-store purchases.
Credit/Debit Card
No exchange card available for in-store purchases or additional benefits, which is a significant drawback.
Provides secure storage options including cold storage, though it’s complex for beginners.
Storage Offering
Secure storage solutions with most funds held in cold storage and insured custodial services through Bitgo.
Offers competitive staking options and rewards, enhancing user investment potential.
Staking and Rewards
Offers some staking options, but they are not as extensive or rewarding as those available on other platforms.
Both platforms are robust and user-friendly, but the mobile app lacks some advanced features.
Mobile App and Desktop
The mobile app is highly rated for its user-friendly design and multilingual support, providing a seamless trading experience.
Customer service is available but response times can be slow during peak times.
Customer Service
Responsive customer service available through live chat and email, but the lack of phone support is a minor limitation.
Efficient deposit methods; however, withdrawal policies can be restrictive and costly.
Deposit and Withdraw
Supports multiple deposit methods including bank transfers and UPI, with quick processing times, but fiat transactions are limited to INR.

Key features

Analysis tools

Advanced charting tools, multiple technical indicators, and APIs
Advanced charting tools, technical indicators

Mobile APP

No
No

Security

High 4,9/5
High 4,9/5

Additional features

Margin trading, lending services, staking, Bitfinex Pulse (social network)
Margin trading, futures trading, staking, HitBTC API

Anonymity

No
Yes

Key points

Available cryptocurrencies

150+
800+

User-friendliness

Bitfinex provides a powerful platform with a user-friendly interface that caters to both beginners and advanced traders. While it offers advanced trading features, the platform is designed to be accessible and easy to use.
HitBTC features an intuitive and user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on providing a seamless trading experience.

Value for money

Offers good value for money with competitive fees and advanced trading features, suitable for both retail and institutional traders.
Offers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany
Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for experienced traders and institutions looking for advanced trading features and a wide range of cryptocurrencies.
Suitable for traders of all experience levels seeking a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

USD, EUR, GBP, JPY, BTC, ETH, USDT
USD, EUR, BTC, USDT

Account

Trading

Bitfinex is tailored for professional traders with its advanced trading features and high liquidity. It offers a wide range of cryptocurrencies but has had security breaches in the past, making some users cautious.
HitBTC offers a wide range of cryptocurrencies and advanced trading tools. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

Bitfinex supports a wide range of deposit options, including bank transfers and crypto. Withdrawals are processed quickly, usually within a few hours. Fees are competitive, though high-volume users may benefit more.
HitBTC supports various deposit methods, including bank transfers and crypto. Withdrawals are processed efficiently, with low fees.

Account opening process

Bitfinex provides a straightforward and fully digital account registration process. Users need to submit personal details, verify their identity, and address. The process is quick, usually taking less than a day to complete.
HitBTC provides a straightforward and fully digital account opening process. Users need to submit personal information and verify their identity. The process is quick and usually takes less than a day to complete.

KYC required?

Yes
No

Customer Service

Bitfinex provides extensive support through email, live chat, and a help center. The response time is quick, and support is available 24/7, ensuring users get timely assistance.
HitBTC provides customer support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support may be a limitation for some users.

Security

Bitfinex provides extensive security features, including 2FA, cold storage, and encryption. It is regulated by several financial authorities, making it a secure platform for investors .
HitBTC offers robust security features, including 2FA and cold storage. However, it is not regulated by major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

As an expert on our website, I recommend Bitfinex for traders seeking a diverse and dynamic trading environment. The platform’s extensive range of cryptocurrencies and crypto-to-crypto trading pairs is impressive, making it a great choice for those looking to explore different trading strategies. While the trading fees and customer service response times could see improvement, Bitfinex’s advanced trading features and robust security measures make it a reliable option for serious traders.
As an expert at Threenvest, I recommend HitBTC for traders who seek a diverse range of cryptocurrencies and advanced trading features. The platform’s robust security measures provide peace of mind, and its competitive fee structure is advantageous for high-volume traders. However, be mindful of the potential delays in customer support and the lack of corporate transparency. Overall, HitBTC is a solid choice for experienced traders looking to leverage a wide array of digital assets.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Bitfinex and Hitbtc