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Bitfinex vs BscScan

Bitfinex logo

Bitfinex

Software

Professional cryptocurrency trading platform

From
Free
Rated
-
Full reviewWebsite
BscScan logo

BscScan

Software

BNB Smart Chain explorer

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Bitfinex margin trading requires Intermediate account verification (2-3 working days); BscScan the BscScan API page now redirects to Etherscan's unified multichain API pricing, so BNB Chain data is bought under Etherscan plans rather than a BscScan-specific one
  • They diverge on capability: Bitfinex covers Spot Trading, BscScan covers Block Explorer.

Where they differ

Only the attributes on which Bitfinex and BscScan actually diverge.

Attributes where Bitfinex and BscScan differ
AttributeBitfinexBscScan
Pricing modelUnknownfreemium
PlatformsWeb, Ios, AndroidWeb, Api
Founded20122020

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Bitfinex

  • Spot Trading
  • Margin Trading
  • Derivatives
  • Lending Marketplace
  • OTC Desk
  • UNUS SED LEO
  • Tether
  • Ios support

Only in BscScan

  • Block Explorer
  • Transaction Tracking
  • Token Tracker
  • Contract Verification
  • Validators Info
  • BNB Smart Chain
  • BEP-20 tokens
  • Api support

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

Bitfinex

  • Exchangesnot BscScan
  • Tradingnot BscScan
  • Professionalnot BscScan

BscScan

  • Exploring BNB Smart Chain transactions, addresses and BEP-20 token transfersnot Bitfinex
  • Verifying and reading BNB Chain smart contract source codenot Bitfinex
  • Querying BNB Chain data programmatically through the explorer APInot Bitfinex

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Bitfinex

  • Margin trading requires Intermediate account verification (2-3 working days)
  • Automatic liquidation of positions if equity falls below maintenance margin
  • Leverage varies significantly by trading pair with no publicly uniform limit
  • Fiat deposit/withdrawal fees and minimums apply; crypto transfers free but network fees may apply

BscScan

  • The BscScan API page now redirects to Etherscan's unified multichain API pricing, so BNB Chain data is bought under Etherscan plans rather than a BscScan-specific one
  • The free API plan is capped at 3 calls per second and 100,000 calls per day and requires attribution
  • API Pro endpoints start at the Standard plan at $199 per month
  • Rate limits top out at 30 calls per second even on the $899 per month Pro Plus plan
  • The Address Metadata endpoint requires Pro Plus at $899 per month and is limited to one app license

Pricing, plan by plan

Bitfinex

Free

No published plan breakdown. See the Bitfinex review.

BscScan

Free
  • FreeFree
    • Block explorer
    • 5 API calls/sec
    • Token tracker
  • Pro$199/month
    • Higher rate limits
    • Advanced APIs

Which should you pick?

Choose Bitfinex if

  • You need spot trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want margin trading.
Bitfinex review

Choose BscScan if

  • You need block explorer.
  • You want to start without paying.
  • You work on Web, Api.
  • You also want transaction tracking.
BscScan review

Questions people ask

Is Bitfinex or BscScan better?
Neither clearly leads. Bitfinex starts at Free and BscScan at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Bitfinex or BscScan?
Bitfinex starts at Free and BscScan at Free.
Does Bitfinex or BscScan run on more platforms?
Bitfinex runs on Web, Ios, Android. BscScan runs on Web, Api.
Can I use Bitfinex for free?
Both have a free tier, so you can try either at no cost before committing.
What is Bitfinex best used for?
Bitfinex is most often used for exchanges, trading, professional. Of those, exchanges and trading are not what BscScan is typically brought in for.
What can Bitfinex do that BscScan cannot?
Bitfinex covers Spot Trading, Margin Trading, Derivatives, Lending Marketplace. BscScan covers Block Explorer, Transaction Tracking, Token Tracker, Contract Verification. Both handle Web support.

Answered from the vendors’ own pages

Bitfinex: What are Bitfinex's current trading fees?

As of December 17, 2025, Bitfinex charges zero maker and taker fees for spot, margin, derivatives, securities, and OTC trading across all customers.

Source
Bitfinex: What deposit and withdrawal fees does Bitfinex charge?

Crypto and securities deposits are free. Fiat deposits via bank wire cost 0.100% (minimum $60 USD/Euro). Fiat withdrawals via bank wire cost 0.100% (minimum $100) or 1.000% for express (minimum $125).

Source
Bitfinex: What is the maximum leverage available for margin trading?

Bitfinex offers up to 10x leverage on spot margin trading and up to 100x leverage on derivatives contracts. Leverage ratios vary by trading pair.

Source
Bitfinex: What account verification is required for margin trading?

Margin trading requires Intermediate level verification or higher for accounts created after March 1, 2022. Older accounts may use Basic Plus verification.

Source
Bitfinex: What happens if my margin position falls below maintenance requirements?

If account equity falls below the minimum maintenance margin level, Bitfinex automatically liquidates positions. A margin call triggers when equity falls below 1.5x the minimum maintenance margin ratio.

Source
Bitfinex: Can I borrow funds for margin trading?

Yes, Bitfinex Borrow allows you to borrow cryptocurrency or stablecoins for margin trading. Borrowed funds accrue peer-to-peer interest rates that adjust based on market conditions.

Source
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Related pages

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