Ethfinex Crypto Exchange Review: Fees, Security, and Real User Ratings in 2025
Nov, 18 2025
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Key Takeaways
Trading Fees: Ethfinex charges 0.10% for makers and 0.20% for takers, compared to industry standard of 0.25% for takers. This can save you $180+ annually on $10,000 monthly volume.
ETH Withdrawals: Ethfinex charges 0.01 ETH per withdrawal (currently $25-$30). This can be 25-30% of small withdrawals, making it less cost-effective for frequent small transfers.
Best For: Regular traders who place limit orders (makers) and want to minimize trading fees, but not frequent ETH withdrawals.
When you’re looking for a crypto exchange that doesn’t nickel-and-dime you on every trade, Ethfinex stands out - but only if you know what you’re getting into. It’s not the biggest name like Binance or Coinbase, and you won’t find it on every app store. But for traders who care more about low fees and clean order books than flashy interfaces, Ethfinex has real appeal. The question is: does it deliver? And is it safe enough for your coins?
Low Fees, High Liquidity - The Ethfinex Edge
Ethfinex charges 0.10% for makers and 0.20% for takers. That’s lower than the industry average of 0.25% for taker fees. If you’re placing limit orders that sit in the order book, you’re paying less than most exchanges. That’s not a gimmick - it’s a strategy. Ethfinex wants you to add liquidity, not just take it. The more limit orders you place, the deeper the market gets, and the better prices everyone gets. That’s why serious traders prefer exchanges like this.Compare that to exchanges that charge 0.25% or even 0.35% for takers. Over 100 trades a month, that difference adds up fast. On $10,000 in monthly volume, Ethfinex saves you $15 compared to a standard 0.25% fee structure. That’s $180 a year you keep in your pocket.
But here’s the catch: Ethfinex doesn’t accept credit cards. You can’t fund your account with a quick swipe. Only bank wire transfers are supported. That’s a problem if you’re a casual trader who wants to buy Bitcoin on a whim. But if you’re someone who plans trades, moves larger sums, and values security over speed, wire transfers make sense. It cuts down on chargebacks and fraud - two big headaches for exchanges.
Withdrawal Fees: One Area Where Ethfinex Falls Short
For Ethereum withdrawals, Ethfinex charges 0.01 ETH. That’s around $25-$30 depending on the price. That’s higher than what you’ll find on Kraken (0.005 ETH) or Coinbase (0.005-0.01 ETH depending on network). For smaller withdrawals, this fee eats into your profits. If you’re moving $100 worth of ETH, you’re paying 25-30% in fees. That’s not sustainable.There’s no clear explanation from Ethfinex on why this fee is set so high. Some speculate it’s to discourage small, frequent withdrawals that strain their system. Others think it’s a legacy fee that hasn’t been updated. Either way, it’s a red flag for users who need flexibility. If you’re holding ETH long-term and only withdrawing once every few months, it’s fine. But if you’re doing DeFi swaps, staking, or regular payouts, this fee adds up.
Security and Transparency - No Hype, Just Facts
Ethfinex doesn’t claim to be “unhackable” or “100% insured.” It doesn’t need to. What it does is simpler: it’s transparent. You can see the order book live. You can verify trades on-chain. There’s no hidden slippage or manipulated pricing. That’s rare.There’s no public info on cold storage percentages or multi-sig setups, but the platform has never been breached. No reports of stolen funds. No downtime from hacks. That’s more than you can say for several exchanges that made headlines for all the wrong reasons.
The lack of regulatory disclosure is a concern. You won’t find licenses listed on their site. No mention of KYC requirements beyond basic email verification. That’s a risk. If you’re trading large amounts or care about legal protection, this could be a dealbreaker. But for users who value privacy and operate in jurisdictions with loose crypto regulations, it’s a feature.
What Users Are Actually Saying
Trustpilot shows a 4.6 out of 5 rating based on 32 reviews - all posted between 2023 and September 2025. That’s a solid number for a smaller exchange. The top complaints? Slow customer support and the lack of credit card deposits. The top praises? Low fees, clean interface, and fast trade execution.Cryptogeek gives it a 4 out of 5, but only one review. That’s not statistically meaningful. Still, it matches the trend. Compare that to FTX US (3/5 on one review) or ionomy (3/5 on two reviews). Ethfinex consistently scores higher in user satisfaction - even with fewer users.
Most reviewers are active traders. Not casual buyers. They’re using Ethfinex because they’re tired of paying high fees on bigger platforms. They appreciate the directness. No ads. No push notifications. Just a trading terminal that works.
What Ethfinex Doesn’t Offer - And Why It Matters
You won’t find:- Credit card deposits
- A mobile app
- Advanced order types (like OCO or trailing stops)
- Staking or lending features
- API access for bots
- More than 50 trading pairs
That’s not an accident. Ethfinex isn’t trying to be everything. It’s focused on one thing: spot trading with low fees and deep liquidity. If you want to stake your ETH or trade derivatives, go to Binance or Bybit. If you want to buy Bitcoin with your Visa card, use Coinbase. Ethfinex is for traders who want to move in and out of positions without paying a premium.
It’s a niche platform. And that’s okay. Most exchanges fail because they try to appeal to everyone. Ethfinex knows who it serves: experienced traders who care about execution cost, not convenience.
Is Ethfinex Right for You?
Here’s who should use Ethfinex:- You trade crypto regularly and want to minimize taker fees
- You prefer limit orders and add liquidity to the market
- You’re comfortable with bank transfers and don’t need instant funding
- You value transparency over flashy features
- You’re not looking for staking, lending, or NFT markets
Here’s who should avoid it:
- You want to buy crypto with a credit card
- You need a mobile app to trade on the go
- You’re new to crypto and need hand-holding or educational content
- You want to stake or earn interest on your holdings
- You need regulatory protection or insurance coverage
It’s not the best exchange for everyone. But for the right person, it’s one of the most cost-effective tools out there. If you’re tired of paying 0.25% on every trade just because you’re on a popular platform, Ethfinex gives you a real alternative.
Final Verdict: A Quiet Winner for Traders
Ethfinex isn’t loud. It doesn’t run ads. It doesn’t have celebrity endorsements. But it delivers on what matters: low fees, clean execution, and honest operations. The withdrawal fee for ETH is its weakest point, and the lack of mobile access or advanced tools will turn off many. But if you’re a serious trader who values cost efficiency over convenience, Ethfinex is worth a closer look.It’s not a replacement for Binance or Coinbase. But it’s a smart complement. Use it for your core spot trades. Use others for deposits, withdrawals, or staking. That’s how the smartest traders operate - not by sticking to one platform, but by using the right tool for the job.
Does Ethfinex support credit card deposits?
No, Ethfinex does not support credit card deposits. The only funding method available is bank wire transfer. This limits accessibility for casual traders but reduces fraud risk and keeps fees low for active users.
What are Ethfinex’s trading fees?
Ethfinex charges 0.10% for makers and 0.20% for takers. This is below the industry average of 0.25% for taker fees, making it one of the more cost-effective exchanges for active traders who place limit orders.
Is Ethfinex safe to use?
Ethfinex has never been hacked or suffered a major security breach. It operates with transparency in its order book and trade execution. However, it doesn’t publicly disclose insurance coverage, cold storage details, or regulatory licensing - which could be a concern for users seeking legal protections.
How high is the ETH withdrawal fee on Ethfinex?
Ethfinex charges 0.01 ETH per Ethereum withdrawal, which is higher than industry standards. For small withdrawals, this fee can be costly - up to 30% of the amount sent. It’s designed to discourage frequent small transfers, but it’s a drawback for active DeFi users.
Does Ethfinex have a mobile app?
No, Ethfinex does not have a mobile app. Trading is only available through its web platform. This makes it less convenient for users who want to trade on the go, but it also reduces the attack surface and keeps the platform focused on desktop trading.
How many cryptocurrencies does Ethfinex support?
Ethfinex supports around 50 trading pairs, mostly centered on Ethereum and major BTC/ETH pairs. It doesn’t list obscure altcoins or meme coins. The focus is on liquidity and depth, not variety.
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