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Transferable to your own wallet
Self-custody of cryptocurrencies plays an important role for many users who want to manage their cryptocurrencies and thus their "private keys" themselves and not leave them in the hands of the exchange. Most exchanges offer the option of sending the purchased cryptocurrencies to their own wallet.
Deposit protection is a safeguard for the assets of users of a stock exchange or broker, which is intended to protect investors in the event of insolvency or a high loss due to a hacker attack. Service providers based in Germany are legally obliged to provide deposit protection of €100,000. In some cases, international exchanges have a special insurance policy that covers a certain portion of the assets instead of a deposit guarantee.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
This rating describes our assessment of the fee structure of a stock exchange or broker. It is not only the amount of fees that can differ, but also the type of fees. The most common type of fees for crypto exchanges are the "maker/taker" fees or spreads. In some cases, there are also hidden fees that are not recognizable to users at first glance.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
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WEEX vs Bitfinex in comparison
Overview
WEEX launched in 2018 and now serves 6.2 million users across 150+ countries. The draw? Up to 400x leverage on futures, copy trading for those learning the ropes, and no mandatory KYC for withdrawals up to 10K USDT daily. A 1,000 BTC protection fund backs user assets, and the WXT token gets you up to 70% off fees—the highest discount in the market.
- No mandatory KYC (withdraw up to 10K USDT daily)
- Up to 400x leverage on futures
- 1,700+ cryptocurrencies
- Low trading fees (0.02% maker futures)
- 1,000 BTC Protection Fund
- Copy trading feature
- WXT token fee discounts (up to 70%)
- Available in US and Canada (MSB licensed)
- No NFT marketplace
- Advanced features require experience
- Cheap fees
- Lots of features for traders
- Extensive charts and tools
- Might be complex for beginners
- No regulation
Features Comparison
- Cryptocurrencies
- Derivatives
- Cryptocurrencies
0.1
%
0.10%
0.00%
₿
0.0002
0.2
%
0.20%
0.10%
₿
0.0004
1700
+
$
1
280
+
$
60
- Up to 70% discount on trading fees
- VIP level upgrades based on holdings
- Exclusive airdrops (hold 1,000 WXT to qualify)
- Launchpool access for new project airdrops
- Discount on fees
- Discount on P2P lending
- Advantages of the partner program
Exchange Rating
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Functions
- Up to 400x leverage on perpetual futures
- Copy trading with 5,000+ elite traders
- No mandatory KYC for withdrawals up to 10,000 USDT daily
- 1,000 BTC Protection Fund
- WXT token fee discounts up to 70%
- OTC desk
- Advanced services for cryptocurrency traders and liquidity providers
- Bitfinex Borrow
Company Details
Our Review
WEEX offers an impressive array of trading features including 400x leverage and 1,700+ cryptocurrencies, making it attractive for experienced traders. The platform's copy trading feature and no-mandatory-KYC policy provide flexibility, while the 1,000 BTC protection fund adds a security layer. With MSB licensing in the US and Canada, WEEX has established regulatory compliance, though mixed customer support reviews remain a consideration.
Bitfinex is a well-established platform catering to advanced traders, offering a wide array of features like margin trading, derivatives, and extensive tools. Its low fees and liquidity are significant advantages, but the platform can be complex for beginners. Security has improved over time, though the lack of regulation remains a concern for some users. Overall, Bitfinex is best suited for experienced traders who can navigate its robust yet intricate offerings.
Newer Challenger vs Trading Veteran
WEEX has grown to 6.2 million users by offering what many exchanges don't: 1,700+ cryptocurrencies, perpetual futures with up to 400x leverage, copy trading, and withdrawals up to 10K USDT daily without identity verification. The platform holds MSB licenses in the US and Canada.
Bitfinex lists 280 cryptocurrencies and operates from British Virgin Islands, Hong Kong. Overall score: 8.1/10. Known for: cheap fees.
Platform Overview
WEEX launched in 2018 from Dubai and has since built a platform targeting active traders who want flexibility and selection. The exchange lists over 1,700 cryptocurrencies across 2,100+ trading pairs—significantly more than most competitors. Perpetual futures contracts are available with leverage up to 400x, placing WEEX among the highest leverage offerings in the industry. The platform maintains a 1,000 BTC protection fund (value fluctuates with Bitcoin's price, currently estimated around $100M+) and has never experienced a security breach since launch.
Bitfinex operates from British Virgin Islands, Hong Kong with 280 cryptocurrencies available for trading. The platform emphasizes cheap fees. Users have noted: might be complex for beginners.
Trading Features and Tools
WEEX provides spot trading, perpetual futures, and margin trading. The futures offering includes over 600 contract pairs with leverage settings from 1x to 400x. Copy trading allows users to automatically replicate trades from successful traders on the platform—useful for beginners learning market dynamics. AutoDCA enables automated recurring purchases. The charting interface integrates TradingView with 100+ technical indicators. Mobile apps are available for iOS (4.6/5 rating) and Android (4.4/5 rating).
Bitfinex offers 280 cryptocurrencies with advanced order types and margin trading up to 10x. The platform serves professional traders with deep liquidity pools. Additional strength: lots of features for traders.
Fee Structure Breakdown
WEEX spot trading fees run 0.00% for makers (promotional rate) and 0.10% for takers. Futures fees are 0.02% maker and 0.08% taker. The WXT token provides fee discounts up to 70%—the highest discount rate among major exchanges. For comparison, Binance offers 25% with BNB, and MEXC offers 50% with MX tokens. Deposits are free (network fees apply). Withdrawal fees are competitive and vary by cryptocurrency.
Bitfinex's fee structure varies by account tier and trading volume. Advantage: cheap fees.
Account Verification and Privacy
WEEX allows trading and withdrawals up to 10,000 USDT daily without identity verification. Email and phone verification are required for basic access. Higher withdrawal limits require full KYC. This privacy-friendly approach appeals to users who prefer not to submit identity documents for smaller trading amounts. The platform accepts users from the US and Canada through its MSB licensing—a significant advantage since many offshore exchanges block these regions entirely.
Bitfinex's verification requirements depend on the services accessed and withdrawal limits needed.
Security and Regulatory Standing
WEEX holds Money Services Business (MSB) licenses in both the United States and Canada, plus SVGFSA registration. The 1,000 BTC protection fund provides a security buffer for users. The platform employs standard security measures: two-factor authentication via SMS or Google Authenticator, cold storage for the majority of assets, and withdrawal address whitelisting. Third-party security audits have been conducted by Shencha and Qingsong.
Bitfinex operates as a recognized player with solid industry standing.
Who Should Choose Which Platform
WEEX suits traders who want maximum cryptocurrency selection (1,700+ coins), high leverage options (up to 400x), copy trading functionality, and the ability to trade without full identity verification for amounts under 10K USDT daily. The 70% fee discount with WXT tokens benefits active traders. US and Canada residents have limited offshore exchange options—WEEX's MSB licensing provides legal access.
Bitfinex suits users who value cheap fees. The platform serves a specific audience with different priorities than WEEX. Score: 8.1/10.
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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