Bitfinex Trading Bots

Supported currencies

Bitfinex is the largest exchange that allows trading 4 fiat currencies, you can also trade fiat against crypto. A user may deposit and trade USD, EUR, GBP, JPY to several cryptocurrencies. In total, 128 coin and 331 pairs are traded on Bitfinex exchange. It has BTC, ETH, EOS traded as quote currencies in addition to supported fiat currencies.

These features in addition to low trading commissions on Bitfinex contribute to exchange’s popularity among crypto traders.

Fees

Bitfinex exchange charges different kind of fees, for instance trading, deposit and withdrawal fees. Bitifnex trading fees differ for takers and makers. Maker fee is 0.1% and Taker fee is 0.2% and the fees are gradually decreasing depending on you 30-day trading volume.

Deposits and Withdrawals

Bitfinex has 0 deposit fee for fiat if a customer deposits more than $1000 equivalent. Deposit fee for BTC and ETH is 0.0004 and 0.0135 ETH. Bitfinex withdrawal fee is equal to deposit fee for most cryptocurrencies. Fiat withdrawal fee is 0.1% of the deposit but minimum sum is 60 USD/EUR.

Bitfinex Wallets

Bitfinex has 3 cryptocurrency wallets differing in purpose and functionality:

Exchange wallet: you can deposit and withdraw cryptocurrencies and fiat currencies. It allows a user to trade available coins by placing limit orders.

Margin Trading: Bitfinex features peer to peer funding option and its internal funds allow customers to trade up to 3.3x leverage. The users fill in options such as amount of funding, the rate, duration and open a margin position.

Margin Funding: a Bitfinex customer can drive others interest on his deposit by lending his funds to other users who trade using leverage. The interest rate is regulated by offer and demand. It is determined by the peer-to-peer platform itself.

Trading bots for Bitfinex

With TradeSanta, you have an opportunity to automate your cryptocurrency trading on Bitfinex. Our trading bots will buy and sell crypto. Customized bots will make trading even easier by placing orders according to your options.

The best way to start is to use our wizard, to set up your trading bot. It will help you make an access point (connect the bot to your exchange) and create your first crypto bot. We also recommend you to get acquainted with the bot's documentation and our video guides. It will help you understand the purpose of each function and option.

Our packs

All new users can enjoy a 3-day FREE trial of the Basic package