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 8 languages available, including English, Japanese, Portuguese, Spanish, Korean, Russian, Vietnamese and Turkish.

Company

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.

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, Japanese, Portuguese, Spanish, Korean, Russian, Vietnamese, Turkish
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address No data Full address No data
Fees Fees No data Fees No data
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 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 Two factor authentication Two factor authentication
Verified Verified Unverified Verified Unverified
Social
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
Cryptogeek user rating Cryptogeek user rating 4.4 / 5 14 user reviews Cryptogeek user rating 3.8 / 5 12 user reviews
Cryptogeek expert rating Cryptogeek expert rating 4.2 / 5 Cryptogeek expert rating 4.2 / 5
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?
Cryptogeek summary

55 Global Markets user rating is 4.4, based on 14 user reviews. Bitforex user rating is 3.8, based on 12 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?