Ethfinex Crypto Exchange Review: Fees, Security, and Whether It’s Right for You in 2025
Oct, 8 2025
Ethfinex Trading Fee Calculator
Trading Fee Calculator
How This Works
Ethfinex charges 0.20% taker fee and 0.10% maker fee - lower than the industry average of 0.25% for takers and 0.15-0.20% for makers. This calculator shows you how much you'd save compared to other exchanges.
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Ethereum Withdrawal Cost Calculator
Ethereum Withdrawal Cost
Withdrawal fee is 0.01 ETH per transaction, which is approximately
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 Binance. It’s not Coinbase. It doesn’t have 500 coins or a slick mobile app. But if you’re a trader who cares about low fees and clean order books, Ethfinex might be one of the few exchanges that actually rewards you for placing limit orders.
How Ethfinex’s Fees Stack Up Against the Competition
Most exchanges charge you to trade - whether you’re buying or selling. But Ethfinex flips the script. It uses a maker-taker fee model that’s designed to encourage liquidity, not just profit from volume. Here’s the breakdown:
- Taker fee: 0.20% - that’s what you pay when you instantly buy or sell at market price
- Maker fee: 0.10% - that’s what you pay when you place a limit order that sits in the order book
Compare that to the industry average of 0.25% for takers and 0.15-0.20% for makers. Ethfinex is cheaper across the board. For active traders, that 0.05% difference adds up fast. If you trade $10,000 a week, you’re saving $5 a week - or $260 a year - just on taker fees alone.
The real win? Maker fees. By charging less for makers, Ethfinex pushes traders to add depth to the order book. That means tighter spreads and less slippage - especially useful if you trade Ethereum or other major coins. You’re not just saving money; you’re trading in a more efficient market.
Withdrawal Fees: Where Ethfinex Gets Expensive
But here’s the catch: while trading fees are low, withdrawal fees aren’t. For Ethereum withdrawals, Ethfinex charges 0.01 ETH per transaction. At current prices, that’s roughly $25-$30. That’s higher than most major exchanges, which often charge under $10 or even offer free withdrawals for ETH.
Why does this matter? If you’re moving funds regularly - say, between exchanges or into a cold wallet - those fees start to pile up. It’s not a deal-breaker if you’re holding long-term, but if you’re swing trading or arbitraging, you’ll feel it. There’s no mention of lower withdrawal tiers or volume discounts, which makes this one of Ethfinex’s weakest spots.
Deposits: No Credit Cards, No Quick Funding
Want to fund your account with a credit card? You can’t. Ethfinex only accepts bank wire transfers. That’s a big limitation for casual traders or newcomers who expect instant funding. Wire transfers take 1-5 business days, depending on your bank and region. In a market where price moves fast, that delay can cost you.
Compare that to exchanges like Kraken or Bitstamp, which support credit/debit cards, SEPA, and even PayPal. Ethfinex doesn’t just miss out on convenience - it’s excluding a huge chunk of retail users who don’t have the patience or banking setup for wire transfers. If you’re in the UK or EU, SEPA transfers are doable. But if you’re in the US or elsewhere, expect delays and potential intermediary bank fees.
User Ratings: Quiet But Consistent
Despite its niche appeal, Ethfinex has solid user satisfaction. On Trustpilot, it holds a 4.6 out of 5 rating based on 32 reviews - the most recent posted just weeks ago, on September 19, 2025. That’s rare for a smaller exchange. Most platforms with fewer than 100 reviews either have a 5-star bubble or a 1-star cluster. Ethfinex’s rating is balanced, detailed, and recent.
On Cryptogeek, it scores 4 out of 5, compared to FTX US’s 3 and ionomy’s 3. Even with tiny sample sizes, the trend is clear: users who stick with Ethfinex tend to like it. They mention clean interfaces, fast trade execution, and responsive support. No one’s raving about it like they do about Binance, but no one’s fleeing either.
Security and Transparency: The Core Promise
Security isn’t just a buzzword here - it’s the foundation. Ethfinex doesn’t advertise flashy insurance policies or cold storage percentages, but it doesn’t need to. The exchange has never been hacked. No public breach reports. No leaked private keys. No customer funds lost. That’s rare in crypto.
Transparency is another win. Fee structures are clearly listed. No hidden charges. No surprise price slippage. Trade history is visible. You can see the depth of the order book in real time. That kind of openness builds trust - especially when you’re trading larger sums.
But here’s the gap: there’s zero public info on regulatory status. Is Ethfinex registered with the FCA? The SEC? The EU’s MiCA? We don’t know. No headquarters address. No leadership team listed. No licensing details. That’s not necessarily a red flag - some exchanges operate offshore legally - but it’s a blind spot if you’re risk-averse or need compliance for tax or legal reasons.
Who Is Ethfinex Really For?
Let’s cut through the noise. Ethfinex isn’t for beginners. It’s not for people who want to buy Bitcoin with a credit card and forget about it. It’s not for meme coin traders chasing 1000% pumps.
It’s for:
- Active traders who place limit orders and care about slippage
- Ethereum-focused users who want low fees on ETH/USD or ETH/USDT pairs
- Traders who value transparency over flashy marketing
- EU/UK residents with bank accounts that support wire transfers
It’s NOT for:
- People who need instant deposits
- Those who trade altcoins beyond the top 20
- Users who want a mobile app or advanced charting tools
- Anyone who needs regulatory assurances
The Bottom Line: A Quiet Contender With Real Advantages
Ethfinex isn’t trying to be everything. It’s not chasing user numbers. It’s not running TikTok ads or sponsoring crypto conferences. It’s quietly building a platform for traders who care about one thing: getting the best price with the lowest cost.
Its fees are among the best in the industry. Its security record is clean. Its user ratings are strong for its size. But its limitations - no credit cards, no clear regulation, no mobile app - mean it’s not for everyone.
If you’re a serious trader who values liquidity, transparency, and low costs, and you’re okay with wire transfers and a basic interface, Ethfinex is worth testing. Put in $500, trade a few times, see how the order book behaves, and check your withdrawal fees. You might find it’s one of the few exchanges that actually works the way it says it does.
For everyone else? Stick with the giants. But if you’re ready to trade smarter, not louder, Ethfinex deserves a spot on your shortlist.
Does Ethfinex support credit card deposits?
No, Ethfinex does not accept credit card deposits. The only deposit method available is bank wire transfer. This makes funding slower and less convenient for retail traders who prefer instant options like credit cards or PayPal.
What are Ethfinex’s trading fees?
Ethfinex charges a 0.20% taker fee and a 0.10% maker fee. This is below the industry average of 0.25% for takers and 0.15-0.20% for makers, making it one of the more cost-effective exchanges for active traders.
Is Ethfinex safe to use?
Ethfinex has never been hacked or suffered a public security breach. It emphasizes transparency and secure order execution. However, it does not publicly disclose its regulatory status, insurance coverage, or headquarters location, which may raise concerns for users requiring compliance guarantees.
How much does it cost to withdraw Ethereum from Ethfinex?
Withdrawing Ethereum from Ethfinex costs 0.01 ETH per transaction, which is approximately $25-$30 depending on market price. This is higher than most major exchanges, which often charge under $10 or offer free ETH withdrawals.
Does Ethfinex have a mobile app?
No, Ethfinex does not currently offer a dedicated mobile application. Trading is only accessible via its web platform, which is responsive but lacks the convenience of a native app for on-the-go trading.
How many cryptocurrencies does Ethfinex support?
Ethfinex supports a limited selection of major cryptocurrencies, primarily focused on Ethereum and its associated tokens. It does not offer hundreds of altcoins like Binance or KuCoin. The exact number isn’t publicly listed, but trading pairs are centered around ETH, BTC, USDT, and a few other top coins.
Is Ethfinex regulated?
Ethfinex does not publicly disclose its regulatory status or licensing information. It is unclear whether it holds licenses from the FCA, SEC, or any other financial authority. This lack of transparency may be a concern for users in regions with strict crypto regulations.
Jason Coe
November 2, 2025 AT 06:15Man, I’ve been using Ethfinex for over a year now and honestly? It’s the only exchange where I actually feel like I’m not getting screwed on every trade. The maker fees are a game-changer if you’re even semi-active. I place limit orders all day, and that 0.10% vs 0.20% on takers? That’s like finding free coffee at a gas station - small thing, but it adds up fast. I’ve saved over $300 this year just by not being a taker. No flashy app? Fine. No credit cards? Whatever. I’m not here to impulse buy Dogecoin.
Wish they’d lower withdrawal fees though. 0.01 ETH is brutal when you’re moving funds between wallets weekly. But hey, at least they don’t hide it. Transparency wins here.
Brett Benton
November 2, 2025 AT 23:06Bro, if you’re still using Coinbase to trade, you’re leaving money on the table. Ethfinex isn’t for normies, it’s for people who actually understand liquidity. I trade ETH/USDT daily and the spread is razor-thin because everyone else is placing limit orders too. It’s like a silent auction where everyone’s playing smart. No drama, no hype, just clean execution. And yeah, wire transfers suck - but if you’re serious, you’ve got a bank account. Stop whining.
Also, no mobile app? Good. That means I’m not glued to my phone checking if my 0.0002 ETH profit moved. Chill.
David Roberts
November 3, 2025 AT 09:20Let’s be real - Ethfinex’s fee structure is a classic example of behavioral economics disguised as a trading platform. By incentivizing makers, they’re effectively externalizing market depth onto the user base. It’s not altruism - it’s algorithmic manipulation disguised as user empowerment. The withdrawal fee? That’s their hidden revenue stream. You think they’re losing money on that 0.01 ETH? Nah. They’re banking on the fact that you’ll trade more to compensate. Classic.
And don’t get me started on the regulatory black hole. No FCA, no SEC, no MiCA? That’s not ‘quiet confidence’ - that’s regulatory arbitrage. You’re trusting a black box with your assets. That’s not smart. That’s just lazy.
Monty Tran
November 4, 2025 AT 20:42Beth Devine
November 6, 2025 AT 15:39I started with Ethfinex after getting burned by a few exchanges that promised ‘low fees’ but had hidden charges. This one? Everything’s right there on the site. No guessing. No fine print. I’ve been trading ETH and BTC here for 18 months and never had an issue with execution speed or slippage. The withdrawal fee is annoying, but I just batch my transfers - once a month, max. It’s not perfect, but it’s honest. And in crypto? That’s rare enough to be valuable.
Also, if you’re in the US and can’t do wire transfers, maybe look into a crypto-friendly bank like Mercury or Silvergate. It’s worth the setup.
Brian McElfresh
November 6, 2025 AT 23:17They’re not telling you the whole truth. Ethfinex is owned by a shell company in the Caymans that’s linked to a defunct hedge fund from 2017. The ‘no hacks’ thing? That’s because they’ve never had enough users to be worth targeting. Once they hit 50k active traders, the first thing that’ll happen is a massive exploit. They’re not secure - they’re just invisible. And the ‘transparency’? That’s just because they don’t have the budget to lie properly.
Also, why no regulation? Because they’re not supposed to exist. They’re a ghost exchange. Don’t trust them. I’ve seen the documents. They’re playing a long game. You’re the pawn.
Jessica Hulst
November 7, 2025 AT 03:34It’s funny how people treat Ethfinex like some underground secret. It’s not magic. It’s just a business model that rewards patience and discipline - qualities most crypto traders don’t have. The fact that it doesn’t cater to the ‘buy now, panic sell later’ crowd is why it survives. Most exchanges thrive on churn. Ethfinex thrives on consistency.
And yes, the withdrawal fee sucks. But think about it: if you’re moving ETH every week, you’re probably not a long-term holder. You’re a trader. And traders should care more about execution than convenience. The platform is designed for people who think in terms of spreads, not memes.
It’s not for everyone. But for the people it’s for? It’s perfect. The real tragedy isn’t the missing mobile app - it’s that most people don’t even know what they’re missing.
Kaela Coren
November 7, 2025 AT 11:09While the fee structure of Ethfinex appears favorable on the surface, one must consider the operational constraints imposed by the absence of fiat on-ramps and regulatory disclosure. The reliance on wire transfers significantly limits accessibility, particularly for users in jurisdictions with underdeveloped banking infrastructure. Furthermore, the lack of publicly verifiable compliance documentation introduces a non-trivial counterparty risk, which may not be commensurate with the marginal fee savings offered.
One might posit that the platform’s operational model is predicated on a highly specific demographic: institutional-grade retail traders with access to correspondent banking relationships. The absence of a mobile application further reinforces this hypothesis. Thus, while the platform may represent an optimal solution within its narrowly defined scope, its scalability and universality remain questionable.
Nabil ben Salah Nasri
November 8, 2025 AT 04:19Okay, real talk - Ethfinex is like that quiet friend who never brags but always shows up when you need them. Low fees? Check. No hacks? Check. Clean interface? Double check. Yeah, the withdrawal fee is rough, but I just wait until I’ve got $100+ to move. One transfer, not five.
And no credit cards? Honestly, I’m glad. It stops me from impulse buying. I used to blow $500 on Shiba in a day on other exchanges. Now I take my time, think it through, and place a limit order. Changed my whole game.
Also, the order book depth on ETH is insane. I’ve seen spreads under 0.05%. That’s not luck - that’s good design. If you’re serious, give it a shot. You won’t regret it. 😊
alvin Bachtiar
November 8, 2025 AT 19:50Let’s cut the corporate fluff. Ethfinex is a boutique exchange for traders who still believe in market efficiency. Their fee model isn’t ‘innovative’ - it’s the only sane one left in a sea of predatory platforms. The 0.05% edge on takers? That’s the difference between breaking even and making money over time.
But here’s the real kicker: they’re the only exchange that doesn’t gamify trading. No leaderboards. No NFT badges. No ‘trade to earn’ scams. Just price, volume, and execution. That’s why the user ratings are solid - the people who stick around are the ones who actually understand markets.
Withdrawal fees? Yeah, they’re high. But that’s because they’re not trying to be a bank. They’re trying to be a trading venue. If you can’t handle that, go back to Robinhood and cry into your meme portfolio.
DeeDee Kallam
November 9, 2025 AT 07:22Helen Hardman
November 9, 2025 AT 10:36I was skeptical at first - no app, no credit cards, no flashy stuff - but after switching from Kraken, I’ve never been happier. The order execution is lightning-fast, and I’ve noticed way less slippage on my limit orders. I trade mostly ETH and USDT, and the spreads are tighter than anywhere else I’ve used.
Withdrawal fees? I just plan ahead. I don’t move funds weekly. I do it once a month when I’m rebalancing. It’s not perfect, but it’s manageable. And honestly? The fact that they don’t spam you with push notifications or ads? That’s a gift.
If you’re tired of exchanges treating you like a ATM, give Ethfinex a real shot. You might be surprised how refreshing it feels to trade without the circus.
Bhavna Suri
November 9, 2025 AT 19:47Elizabeth Melendez
November 11, 2025 AT 11:46Just wanted to say - if you’re new to crypto and thinking about Ethfinex, don’t panic about the wire transfers. I’m a single mom in Ohio and I use it. I set up a free bank account with Chase that lets me do free domestic wires. Took me 20 minutes. Now I fund once a week, trade, and withdraw monthly. The fees are worth it because I’m not getting ripped off on every trade.
Also, the order book is so clean - I’ve actually started making money because I’m not fighting slippage anymore. I used to lose 1-2% on every trade elsewhere. Now it’s 0.1%. That’s life-changing over time.
And yeah, no mobile app? Fine. I use my laptop. It’s not the end of the world. I’m not here for TikTok crypto trends. I’m here to build something real.
Phil Higgins
November 13, 2025 AT 04:42Let me tell you something: Ethfinex isn’t broken - it’s intentionally minimalist. Most exchanges are designed to maximize revenue, not user outcomes. They want you to trade more, not trade better. Ethfinex flips that. They make money when you trade efficiently, not when you trade impulsively.
The withdrawal fee? That’s a filter. It stops the gamblers. It stops the speculators. It keeps the room quiet for the people who actually understand liquidity. That’s not a flaw - it’s a feature.
And the lack of regulation? That’s not negligence. That’s strategy. They operate where the regulators don’t have jurisdiction. It’s legal. It’s smart. It’s not for everyone - but it’s not meant to be.
If you’re looking for a platform that respects your intelligence, this is it. If you want to be coddled, go to Coinbase. You’ll be fine there. Just don’t complain when you’re losing money on fees.
Genevieve Rachal
November 13, 2025 AT 13:41Don’t be fooled by the 4.6 rating. That’s a curated bubble. Look at the reviews - they’re all from the same 30 people who’ve been trading here since 2021. No new users. No diversity. It’s a cult. And the ‘no hacks’ claim? That’s because they’re too small to be targeted. Once they hit 100k users, the first thing that happens is a 20 million dollar exploit. Mark my words.
And don’t even get me started on the ‘transparency’. They don’t list their legal entity. No address. No CEO. That’s not transparency - that’s evasion. You’re trusting a ghost. That’s not investing. That’s gambling with extra steps.
Eli PINEDA
November 14, 2025 AT 06:22Debby Ananda
November 14, 2025 AT 08:18Oh, Ethfinex. The exchange for people who think ‘low fees’ is a personality trait. How quaint. You know what’s truly elite? Trading on a platform that doesn’t need to advertise because it’s already the default choice for the discerning. You’re not using Ethfinex because you’re practical - you’re using it because you’re one of the few who still understand that value isn’t measured in likes or mobile app downloads.
It’s not for the masses. It’s for the few who still believe in the original ethos of crypto: decentralization, efficiency, and quiet competence. The rest? They’re just noise. And noise doesn’t pay the bills.