When you create an account on Bitfinex, your verification level is set as “Basic”. This allows you to deposit, trade and withdraw various cryptocurrencies.
If you are either an Individual or an Institution, you can upgrade your account to get access to advanced trading features and a wider offer of products and digital assets.
In addition, if you are planning to make fiat deposits and withdrawals, apply for the Full verification level to get access to bank wires.
Bitfinex Verification levels comparison
|
Basic |
Basic Plus |
Intermediate |
Full |
|
| Trading and Lending | ||||
| Exchange and Margin trading* |
✔ |
✔ |
✔ |
✔ |
| OTC trading* |
✔ |
✔ |
✔ |
✔ |
| Derivatives trading** |
✔ |
✔ |
||
| Margin funding |
✔ |
✔ |
✔ |
✔ |
| Lending Pro |
✔ |
✔ |
✔ |
✔ |
| Bitfinex Borrow |
✔ |
✔ |
||
| Increase position |
✔ |
✔ |
||
| Deposits and Withdrawals | ||||
| Crypto transfers |
✔ |
✔ |
✔ |
✔ |
| TETHER and other stable tokens* |
✔ |
✔ |
||
| Bank wires (Fiat transfers)¹ |
✔ |
|||
| No maximum withdrawal limit |
✔ |
✔ |
✔ |
✔ |
| Faster crypto deposits² |
✔ |
✔ |
||
| Other features | ||||
| Bitfinex Pulse |
✔ |
✔ |
✔ |
|
| Multipliers in Affiliate Program |
✔ |
✔ |
✔ |
|
| Participate in Competitions*** |
✔ |
✔ |
||
| Bitrefill |
✔ |
✔ |
✔ |
✔ |
| UNUS SED LEO discounts** |
✔ |
✔ |
||
| Security | ||||
| Earlier withdrawal hold lift³ |
✔ |
✔ |
* certain tokens require at least the Intermediate level and might be restricted for certain jurisdictions, check the requirements for each token
** restrictions applied on certain jurisdictions
*** restrictions applied on certain jurisdictions
¹ Bitfinex supports fiat currencies such as USD/EUR/GBP/JPY/CNH. The minimum deposits and withdrawals is a limit of 10,000 for USD/EUR/GBP, 1,000,000 for JPY and 75,000 for CNH.
² As time is a critical component in trading, verified users are granted fewer confirmations when depositing cryptocurrencies.
³ This applies to withdrawal holds triggered after making specific security setting changes.
Upgrade your account at https://www.bitfinex.com/verification
