Compare Allbit vs LetsExchange

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On this page, you can compare Allbit with LetsExchange. 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. Allbit was founded in 2018 in South Korea. LetsExchange was founded in 2020 in Seychelles.

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 Allbit. 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.

Allbit is Decentralized and LetsExchange is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Allbit has a mobile app available for iOS and Android. LetsExchange doesn't have a mobile app.

Allbit has 3 languages available, including English, Spanish and Korean.

Company
User rating User rating 4.3 / 5 13 user reviews User rating 2.1 / 5 10 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 4.1 / 5 Trust Score 3.17 / 5

User rating

4.3 / 5 13 user reviews 2.1 / 5 10 user reviews

Cryptogeek rating

4.0 / 5 4.2 / 5

Trust Score

How it works
4.1 / 5 3.17 / 5

About

Allbit is one of the Decentralized cryptocurrency exchanges based in South Korea. The exchange was launched in 2018. According to the exchange website it’s got a big liquidity volume which is about 20 millions $ for 2019. Allbit has 24 available trading pairs and 19 coins. Allbit declares that it supports a special decentralized network system. It’s called “decentralized heterogeneous chain communication technology”.
LetsExchange offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.

Founding Date

2018 2020

Country

South Korea Seychelles

Type

Decentralized Centralized

Languages

English, Spanish, Korean No data

Mobile app

iOS, Android -

Full address

No data No data

Fees

No data No data
About
Allbit is one of the Decentralized cryptocurrency exchanges based in South Korea. The exchange was launched in 2018. According to the exchange website it’s got a big liquidity volume which is about 20 millions $ for 2019. Allbit has 24 available trading pairs and 19 coins. Allbit declares that it supports a special decentralized network system. It’s called “decentralized heterogeneous chain communication technology”.
LetsExchange offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.
Founding Date Founding Date 2018 Founding Date 2020
Country Country South Korea Country Seychelles
Type Type Decentralized Type Centralized
Languages Languages English, Spanish, Korean Languages No data
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address No data Full address No data
Fees Fees No data Fees No data

Trading

Allbit trading volume is 7,641.0. The exchange has 24 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

LetsExchange trading volume is 0. The exchange has 40000 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not 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

7641 0

Pairs

24 40000

Coins

19 200

Fiat trading

- -

Deposit

Free Free

Fees

Percentage Transaction Mining

Margin

- -
Volume Volume 7641 Volume 0
Pairs Pairs 24 Pairs 40000
Coins Coins 19 Coins 200
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free Deposit Free
Fees Fees Percentage Fees Transaction Mining
Margin Margin - Margin -

Safety

Two factor authentication

-

Verified

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

Social

Website

allbit.com letsexchange.io

Twitter

@allbitofficial @letsexchange_io

Number of followers

343 6200
Website Website allbit.com Website letsexchange.io
Twitter Twitter @allbitofficial Twitter @letsexchange_io
Number of followers Number of followers 343 Number of followers 6200

Rating

User rating User rating 4.3 / 5 13 user reviews User rating 2.1 / 5 10 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 4.2 / 5

Cryptogeek summary

Allbit user rating is 4.3, based on 13 user reviews. LetsExchange user rating is 2.1, based on 10 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?
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Trust Score: 4.1 / 5
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Trust Score: 3.17 / 5
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On this page, you can compare Allbit with LetsExchange. 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. Allbit was founded in 2018 in South Korea. LetsExchange was founded in 2020 in Seychelles.

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 Allbit. 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.

Allbit is Decentralized and LetsExchange is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Allbit has a mobile app available for iOS and Android. LetsExchange doesn't have a mobile app.

Allbit has 3 languages available, including English, Spanish and Korean.