There are a lot of similarities between Bitfinex and Binance, as they are both large cryptocurrency exchanges that offer a variety of features and services. However, there are also some key differences that may make one exchange better than the other for certain users.
Bitfinex is a older exchange, having been founded in 2012, while Binance only launched in 2017. However, despite being newer, Binance has quickly grown to become one of the largest exchanges in the world, handling more than $1 billion in trades daily.
One key difference between the two exchanges is the fees charged. Bitfinex charges 0.2% for trades, while Binance only charges 0.
1%. For users who trade frequently, this can make a big difference over time.
Another difference is the number of coins supported. Bitfinex currently supports around 60 different coins, while Binance supports more than 140.
This may be important for users who want to trade a wider variety of altcoins.
Finally, one key advantage of Binance over Bitfinex is its customer support. Binance has a dedicated customer support team that is available 24/7, while Bitfinex only offers email support with no guaranteed response time.
Overall, both Bitfinex and Binance are large and reputable cryptocurrency exchanges with a lot to offer users. Which exchange is better for you will likely come down to personal preferences in terms of fees, supported coins, and customer support.