What is a sub-account
On Bitfinex, a sub-account is a segregated account that is linked to another main account. The main account (the master account) and the sub-account will share trading volume and fee tiers, among other benefits. The sub-account feature also enables the master account to manage multiple trading accounts easily under one account.
What are the benefits of having a sub-account
- Combined trading volume:
Bitfinex will use the combined trading volume (sum of the volumes) of all linked accounts, offering a shared volume with fee discounts across all accounts based on the cumulative fee tier.
For more information on our fee tiers, look through our Fees page.
- Independent trading strategies:
Provides independence to experiment with various trading strategies at the same time. This allows you to track your strategies more accurately.
- Individual and merged reports:
Individual sub-account reports can be found on the Reports page and can be used to track sub-account activity.
Aggregated data such as volume and performance metrics for all sub-accounts can be found using the Reporting Application.
- Shared verification information:
If your account is verified above the Basic Plus level, you can decide with which sub-accounts you want to share the same verification information. This allows your sub-accounts to benefit from the verified status advantages.
Note: Sub-accounts can also be verified individually.
- Transfer funds free of charge:
Easily transfer funds between your master account and your sub-account wallets.
- Create sub-accounts for Paper Trading:
You can create a sub-account that can be used for Paper Trading, enabling you to simulate the Bitfinex platform features such as margin trading, margin funding, derivatives, the OTC desk and others. To learn more, read our Paper Trading guide.
- Participate in competitions:
Sub-accounts can also be created for competition purposes, and users can choose to mark these as a Trading Competition Account. For more information on Competitions, please view our Knowledge Base guides.
- Create a Merchant account to use Bitfinex Pay:
If you are a business and would like to use Bitfinex Pay as a crypto payment gateway for your products and services, you will need to create a Merchant Account using the sub-account feature.
For more information, please read our guide Bitfinex Pay.
- Share Pulses:
Basic Plus and higher verified sub-accounts can also share Pulses with charts of their exchange wallet composition and the portfolio exposure percentage.
To learn more, read our Bitfinex Pulse guide.
- Create a Bitfinex Securities account:
You can also trade tokenised securities on the Bitfinex Securities platform. Firms can list their tokenised securities and allow them for trading either through our capital raising platform or by listing directly on the exchange.
To learn more, read our What is Bitfinex Securities guide.
What is a master account
A master account is the main account that creates the sub-accounts. When creating sub-accounts, they will all be linked to the first account, which will become the master account.
What benefits does the master account have
- View and make changes to sub-accounts:
You can switch between accounts to access, view and make changes to the various sub-accounts.
Note: To switch to a sub-account, you need to have confirmed your sub-account email address and have 2FA enabled.
- Set security restrictions:
Security restrictions to the sub-accounts include restricting withdrawals.
- Set the verification status:
Your sub-accounts can inherit the verification status of the master account.
- Only the master account can create sub-accounts:
The master account can create up to 100 sub-accounts. A sub-account cannot have its own sub-accounts.
Note: A sub-account can be unlinked to a master account and act as an independent account. Also, this will allow the account to create sub-accounts of its own.
The master account can view all the available edits here on the sub-accounts page:
How to create sub-accounts on Bitfinex
2. On the top right-hand corner, choose Sub-Accounts from the drop-down menu.
3. On the sub-account page, you will find the option to Create a new sub-account.
You will need to fill in the following fields for your new sub-account:
- Email (A unique or alternative email address is required see Note below)
Note: Plus email addressing is supported for sub-account creation.
For example: If the master account email address is firstname.lastname@example.org, then the plus email address can be used for creating a sub-account can be email@example.com or firstname.lastname@example.org and the emails will go directly to the master email account.
We advise that you check with your email service or provider first to ensure that plus email addressing is supported. Also it is recommended to use different folders for receiving sub-account emails.
Compatible email servers include:
- Outlook MS
5. Once all the fields have been completed with valid information, click the Create button.
Important: Always use strong and unique passwords. Do not share passwords within different accounts.
6. Once you have created a sub-account, it will be shown in your sub-accounts administration panel. Here, you can set different permissions according to the purposes of the different sub-accounts.
Actions enabled for sub-accounts
- Enabled: The sub-account can withdraw any held funds that have been transferred or deposited.
- Disabled: Funds held by the sub-account must be transferred to the master account before they can be withdrawn.
- Enabled: The sub-account will share the verification profile of the master account without need to provide further verification information.
- Disabled: The sub-account will have an independent verification profile and will be unverified and restricted until a separate verification profile is submitted and approved.
- Enabled: The master-account can instantly switch sessions to access the sub-account without the need to input the username and password.
- Disabled: The master account is unable to switch sessions, access to the sub-account is restricted to logging in with the username and password details.
Bitfinex master and sub-accounts — Frequently Asked Questions (FAQ)
— How to transfer funds between master and sub-accounts?
Funds can be transferred, with no fees, using the Quick Transfer widget on the wallets page from the master to a sub-account and vice versa.
You can select the linked Bitfinex account you would like to transfer funds to in the To Account section.
- Regardless of the verification status of sub-accounts, all cryptocurrencies, stablecoins and fiat currencies can be transferred between master and sub-accounts.
- Sub-accounts can not transfer funds to other sub-accounts.
- For security reasons, the account that initiates the funds transfer needs to have 2FA enabled (Google Authenticator or Universal 2nd Factor-U2F).
Important: Even if you have disabled withdrawals on your security settings for sub-accounts, transfers to and from master accounts would still occur.
— How do I access a sub-account?
To enter the sub-accounts context switch, simply click on the username.
Note: Before you access the sub-account, you must first have confirmed the account’s email. Only then can you access and change security and verification settings. Once done, the Email Confirmed field will show a Yes value.
— Can a sub-account be unlinked?
Yes, when a sub-account is unlinked, it will become a separate account and act independently.
Therefore, an unlinked sub-account will be able to create its network of sub-accounts.
- When a sub-account is unlinked, it will lose all previous KYC information.
- Only regular sub-accounts could be unlinked. It’s not possible to unlink Paper Trading, Competitions, Bitfinex Pay (Merchant), Securities sub-accounts.
- Once a sub-account is unlinked, it can not be linked again.
— Can I deactivate my master account?
Yes, however if you keep your sub-accounts linked, they will be deactivated together with the master account.
If you wish to keep your sub-accounts, you must first unlink them in the Sub-Accounts list before the deactivation procedure.
Note: Sub-account verification information shared from your Master account will be lost and your unlinked sub-accounts’ verification will be reset to the sub-accounts’ original verification level.
— Can I deactivate my sub-account?
Yes, however you will need to unlink it from a Master account first, and after that deactivate option will appear. Note that only regular sub-account could be unlinked. It’s not possible to unlink and deactivate Paper Trading, Competitions and Bitfinex Pay (Merchant), Securities sub-accounts.
If you have any further questions, feel free to contact Bitfinex Support.