Revolut vs Bitfinex

Revolut or Bitfinex – which is better for UK traders 2024? Compare Revolut and Bitfinex in this detailed breakdown of their platforms, features and fees.

Revolut vs Bitfinex Comparison Table 2024
Revolut Bitfinex
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3.1
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3.9
Revolut is ranked #68 among UK brokers. Bitfinex is ranked #40 among crypto brokers.
Review
Review
Revolut has emerged as the most downloaded financial app in 11 countries with over 45 million users and more than $23 billion held in customer balances. It facilitates commission-free trading on over 2000 stocks and commodities, alongside 185 cryptos with a minimum investment of just $1. The mobile trading experience remains market-leading for casual investors seeking low, transparent fees. Established in 2012, Hong Kong-based Bitfinex is a formidable player in the crypto industry. It boasts a powerful proprietary platform, 180 cryptocurrencies and more than 430 market pairs available for spot or perpetual swaps derivatives trading. With new payment methods, lower entry barriers and fresh products like crypto futures, Bitfinex is attracting a wider range of active crypto traders.
Revolut operates across many global entities. The entity with whom a client receives services from depends on their country of residence. Each entity provides different products via different platforms, so clients will experience Revolut differently depending on their country of residence. Revolut Ltd (No. 08804411) is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562). Revolut's cryptocurrency service is not regulated by the FCA, other than for the purposes of money laundering. Revolut Ltd has been temporarily registered with the FCA as a cryptoasset business, pending determination of its application by the FCA. Cryptoassets are volatile and not regulated or protected by investor compensation schemes – value can go down or up. Trading may be subject to tax. Fees payable.
Pros
  • The app delivers a superb investing environment with a slick design and a packed ‘Discover’ section with daily top movers, collections like ‘Technology’ and ‘Utilities’ and popular stocks.
  • Revolut offers one of the smoothest fully digital sign-up processes we’ve seen, kickstarted through a QR code and taking less than 5 minutes.
  • Trade a growing roster of 2000+ stocks, 185+ cryptos and precious metals like gold, silver and platinum with fees starting from 0%.
  • Revolut uses cutting-edge security features with multiple layers, from PINs and passcodes to biometrics and one-time passwords, with $590M saved in fraudulent transactions.
  • Despite a steep learning curve, the Bitfinex trading platform delivers for experienced traders, featuring a comprehensive charting package with 12 timeframes, plus margin trading and various order types.
  • Bitfinex boasts excellent liquidity across its crypto trading pairs, reducing the likelihood of slippage and ensuring efficient order execution, particularly for large volume trades, making it reliable for frequent traders.
  • After bolstering its roster, Bitfinex now offers access to over 180 cryptocurrencies, from Bitcoin and Ethereum to emerging altcoins with high levels of volatility that may appeal to traders.
  • Bitfinex is well-suited to algo traders, facilitating automated trading through its Honey terminal and API integration, enabling traders to program trading strategies efficiently.
Cons
  • The Revolut app is an excellent starting point for casual investors but testing reveals its charting package falls short for advanced traders with just two charts (line and candlestick) and six timeframes (1D to 5Y).
  • While the range of shares, commodities and cryptocurrencies is growing, Revolut still lacks popular asset classes like ETFs and does not support margin trading, trailing alternatives like Trade Republic.
  • Some users may find Revolut’s pricing structure confusing; while basic accounts have zero monthly fees, you may need to pay for foreign exchange beyond the specified limit and ATM withdrawals.
  • Despite enhancing its security measures with two-factor authentication, Bitfinex still hasn’t escaped its dogged history of major security breaches and regulatory fines.
  • Like many crypto exchanges, Bitfinex operates in a regulatory grey area, which may pose risks for traders, especially compared to trusted crypto trading platforms like eToro.
  • Although Bitfinex has removed its $10,000 minimum deposit, making it more accessible to newer traders, the fee system remains complicated, with various factors such as trading volume and token holdings influencing fees, potentially leading to confusion.
  • Testing reveals inadequate support, especially for active traders, with response times of 12 hours via email and a frustrating user experience with no live chat integrated into the trading platform.
  • For occasional crypto traders and investors prioritizing simplicity, platforms like eToro, Gemini, or Kraken are superior options.
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Stocks, Cryptos, Commodities Cryptocurrencies
Demo Account
No Yes
Minimum Deposit
$0 $0
Payment Methods
Minimum Trade
$1 $10
Regulator
FCA, Bank of Lithuania
Mobile Apps
iOS & Android iOS & Android
Trading App

Bitfinex provides a mobile application that mirrors the full functionality of its web platform, facilitating seamless crypto trading on the move. The app also includes a Lite Mode for a simplified trading experience, presenting a more user-friendly interface for trading, staking, and lending cryptos, requiring just a few taps. The app is downloadable from both Apple’s App Store and Google’s Play Store, though app store ratings demonstrate a superior user experience on iOS devices.
iOS App Rating
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4
Android App Rating
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3.5
Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No Yes
Spot Trading
Yes Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $5
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • PLN
  • CZK
  • HUF
  • USD
  • EUR
  • GBP
  • JPY
  • TRY
Commodities
  • Gold
  • Silver
  • Palladium
  • Platinum
Cryptocurrency
Revolut has expanded its crypto offering, now featuring 185+ tokens. You can buy, sell and transfer cryptos on the iOS and Android app within a few taps. Revolut also stands out by allowing users to round up leftover cash from card transactions in crypto and use their crypto balance to make card payments, while recurring investments can be made for dollar cost averaging. Bitfinex provides access to an exceptional variety of crypto assets, encompassing over 180 tokens. In addition to spot trading, the platform supports perpetual swaps trading, enabling traders to engage in margin trading on crypto assets with leverage up to 1:10. With digital tokens frequently listed and delisted, Bitfinex provides diverse opportunities to participate in the dynamic cryptocurrency market.
Spread
From 0% (plan dependent) Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)
Coins
  • ZRX
  • 1INCH
  • AAVE
  • ALGO
  • AMP
  • ANKR
  • BNT
  • BAND
  • BAT
  • BTC
  • BCH
  • ADA
  • CTSI
  • CELO
  • LINK
  • CHL
  • COMP
  • ATOM
  • CRV
  • MANA
  • DOGE
  • ENJ
  • EOS
  • ETH
  • FIL
  • RLC
  • ICP
  • KEEP
  • KNC
  • LTC
  • LRC
  • MATIC
  • MIR
  • NKN
  • NU
  • NMR
  • OMG
  • OXT
  • OGN
  • DOT
  • SKL
  • SOL
  • XLM
  • STORJ
  • SUSHI
  • SNX
  • TRB
  • XTZ
  • GRT
  • UMA
  • UNI
  • XRP
  • YFI
  • BTC
  • ETH
  • USDT
  • LTC
  • XRP
  • DOGE
  • ETC
  • EOS
  • LINK
  • BCHN
  • DOT
  • DASH
  • IOTA
  • SUSHI
  • NEO
  • ZEC
  • UNI
  • ADA
  • OMG
  • MDOGE
  • BSV
  • TRX
  • XTZ
  • SOL
  • XLM
  • YFI
  • USDC
  • ZRX
  • FIL
  • VET
  • XMR
  • COMP
  • BTG
  • DAI
  • LUNA
  • CEL
  • ALGO
  • ATOM
  • EGLD
  • FTT
  • AVAX
  • MKR
  • LEO
  • BTT
  • CHZ
  • BAT
  • BAND
  • QTUN
  • CLO
  • AAVE
  • XDC
  • HEZ
  • KNC
  • ZIL
  • MANA
  • BAL
  • UOS
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Revolut Bitfinex
Review
Review
Revolut operates across many global entities. The entity with whom a client receives services from depends on their country of residence. Each entity provides different products via different platforms, so clients will experience Revolut differently depending on their country of residence. Revolut Ltd (No. 08804411) is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562). Revolut's cryptocurrency service is not regulated by the FCA, other than for the purposes of money laundering. Revolut Ltd has been temporarily registered with the FCA as a cryptoasset business, pending determination of its application by the FCA. Cryptoassets are volatile and not regulated or protected by investor compensation schemes – value can go down or up. Trading may be subject to tax. Fees payable.
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