Compare 55 Global Markets vs Bitforex

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On this page, you can compare 55 Global Markets with Bitforex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. 55 Global Markets was founded in 2018 in USA. Bitforex was founded in 2017 in Singapore.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Bitforex. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

55 Global Markets is Centralized and Bitforex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

55 Global Markets has a mobile app available for iOS and Android. Bitforex has a mobile app available for iOS and Android.

55 Global Markets has 14 languages available, including English, Brazilian Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Vietnamese, Portuguese (PT), Turkish, Indonesian and Malay. Bitforex has 4 languages available, including English, Korean, Russian and Chinese.

Company
User rating User rating 2.8 / 5 6 user reviews User rating 2.8 / 5 20 user reviews
Cryptogeek rating Cryptogeek rating 3.0 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 3.38 / 5 Trust Score 3.8 / 5

User rating

2.8 / 5 6 user reviews 2.8 / 5 20 user reviews

Cryptogeek rating

3.0 / 5 4.2 / 5

Trust Score

How it works
3.38 / 5 3.8 / 5

About

55 Global markets was established in the USA in 2017. The platform is declaring quite a big trading volume. Approximately it fluctuates at around 150-200 mln. $ per day.
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.

Founding Date

2018 2017

Country

USA Singapore

Type

Centralized Centralized

Languages

English, Brazilian Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Vietnamese, Portuguese (PT), Turkish, Indonesian, Malay English, Korean, Russian, Chinese

Mobile app

iOS, Android iOS, Android

Full address

No data Hong Kong (The exchange does not disclose the exact location of its office)

Fees

No data Maker
• Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell.
Taker
• Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book.
Spot
• Maker fees: 0.1%
• Taker fees: 0.1%
Perpetual
BTC & ETH
• Maker fees: 0.04%
• Taker fees: 0.06%
Others
• Maker fee: 0.06%
• Taker fee: 0.06%
MT5
A commission is a fee charged by a trader for buying or selling a product.
• Forex/Commodity/Metal/Index commission: 10 USD / Per Lot
• Cryptocurrency commission: 0.08% per trade
About
55 Global markets was established in the USA in 2017. The platform is declaring quite a big trading volume. Approximately it fluctuates at around 150-200 mln. $ per day.
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
Founding Date Founding Date 2018 Founding Date 2017
Country Country USA Country Singapore
Type Type Centralized Type Centralized
Languages Languages English, Brazilian Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Vietnamese, Portuguese (PT), Turkish, Indonesian, Malay Languages English, Korean, Russian, Chinese
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address No data Full address Hong Kong (The exchange does not disclose the exact location of its office)
Fees Fees No data Fees Maker
• Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell.
Taker
• Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book.
Spot
• Maker fees: 0.1%
• Taker fees: 0.1%
Perpetual
BTC & ETH
• Maker fees: 0.04%
• Taker fees: 0.06%
Others
• Maker fee: 0.06%
• Taker fee: 0.06%
MT5
A commission is a fee charged by a trader for buying or selling a product.
• Forex/Commodity/Metal/Index commission: 10 USD / Per Lot
• Cryptocurrency commission: 0.08% per trade

Trading

55 Global Markets trading volume is 296,954,753.0. The exchange has 24 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.

Bitforex trading volume is 780,602,851.0. The exchange has 291 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.

Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.

Volume

296954753 780602851

Pairs

24 291

Coins

18 125

Fiat trading

- -

Deposit

No data Free

Fees

Percentage Percentage

Margin

Volume Volume 296954753 Volume 780602851
Pairs Pairs 24 Pairs 291
Coins Coins 18 Coins 125
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit No data Deposit Free
Fees Fees Percentage Fees Percentage
Margin Margin Margin

Safety

Two factor authentication

Verified

Unverified Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Unverified Verified Unverified

Social

Website

www.55.com www.bitforex.com

Twitter

No data @bitforexcom

Number of followers

0 26351
Website Website www.55.com Website www.bitforex.com
Twitter Twitter No data Twitter @bitforexcom
Number of followers Number of followers 0 Number of followers 26351

Rating

User rating User rating 2.8 / 5 6 user reviews User rating 2.8 / 5 20 user reviews
Cryptogeek rating Cryptogeek rating 3.0 / 5 Cryptogeek rating 4.2 / 5

Cryptogeek summary

55 Global Markets user rating is 2.8, based on 6 user reviews. Bitforex user rating is 2.8, based on 20 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 3.38 / 5
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Trust Score: 3.8 / 5
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On this page, you can compare 55 Global Markets with Bitforex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. 55 Global Markets was founded in 2018 in USA. Bitforex was founded in 2017 in Singapore.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Bitforex. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

55 Global Markets is Centralized and Bitforex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

55 Global Markets has a mobile app available for iOS and Android. Bitforex has a mobile app available for iOS and Android.

55 Global Markets has 14 languages available, including English, Brazilian Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Vietnamese, Portuguese (PT), Turkish, Indonesian and Malay. Bitforex has 4 languages available, including English, Korean, Russian and Chinese.