Bitfinex logo

Bitfinex

exchange
Operational

Major global exchange with a history of significant security incidents.

Platform Information

Founded

2012

Headquarters

British Virgin Islands

Two-Factor Authentication

An extra login step that protects your account even if your password is stolen.

Yes

Custodial

The platform holds your crypto on your behalf — you don't control the private keys.

Yes

KYC Required

Know Your Customer — you must verify your identity before trading or withdrawing.

Yes

Proof of Reserves

The platform publicly proves it holds enough assets to cover all customer funds.

Unknown

Insurance

Customer funds are covered by insurance in the event of a hack or platform failure.

No

About Bitfinex

Bitfinex is one of the world's largest crypto exchanges by volume. In 2016 it suffered a major hack resulting in the theft of approximately 120,000 BTC (~$72M at the time). The exchange issued BFX tokens to affected users as compensation. Headquartered in the British Virgin Islands and affiliated with Tether (USDT).

Security & Score

38

Platform Safety Score

38/100Poor

Based on incident history, security features, and track record

No detailed security information available for Bitfinex.

Incident History

No incidents recorded for this platform.

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