Compare Bisq vs LetsExchange
On this page, you can compare Bisq 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. Bisq was founded in 2014. 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 Bisq. 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.
Bisq is Decentralized and LetsExchange is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bisq has a mobile app available for iOS and Android. LetsExchange doesn't have a mobile app.
Bisq has 9 languages available, including English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese and Portuguese (PT).
| Company | ||
|---|---|---|
| User rating | 28 user reviews | 13 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 28 user reviews | 13 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bisq exchange was launched back in 2014. At that time it was one of the first Decentralized Autonomous Organizations (or simply DAO). According to the founders of this exchange, one of the goals of Bisq network is to "keep the original spirit of Bitcoin alive".
|
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
| 2014 | 2020 |
Country
| International | Seychelles |
Type
| Decentralized | Centralized |
Languages
| English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese, Portuguese (PT) | No data |
Mobile app
| iOS, Android | - |
Full address
| The exchange does not disclose its location | No data |
Fees
| Trading fees are based on trade amount and distance to market price. Min. fee (MF) = 0.0002 BTC, default fee (DF) = 0.002 BTC, amount factor (AF) = 1/BTC, market price factor (MF) = square root of percent value (e.g. 1% -> 1, 9% 0 -> 3, 0.01% -> 0.1). Trading fee = max(MF, DF * amount * AF * MF). E.g. 0.002 BTC for 1 BTC trade at 1% market price distance. | No data |
| About |
Bisq exchange was launched back in 2014. At that time it was one of the first Decentralized Autonomous Organizations (or simply DAO). According to the founders of this exchange, one of the goals of Bisq network is to "keep the original spirit of Bitcoin alive".
|
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 2014 | Founding Date 2020 |
| Country | Country International | Country Seychelles |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese, Portuguese (PT) | Languages No data |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address The exchange does not disclose its location | Full address No data |
| Fees | Fees Trading fees are based on trade amount and distance to market price. Min. fee (MF) = 0.0002 BTC, default fee (DF) = 0.002 BTC, amount factor (AF) = 1/BTC, market price factor (MF) = square root of percent value (e.g. 1% -> 1, 9% 0 -> 3, 0.01% -> 0.1). Trading fee = max(MF, DF * amount * AF * MF). E.g. 0.002 BTC for 1 BTC trade at 1% market price distance. | Fees No data |
Trading
Bisq trading volume is 12,422.0. The exchange has 57 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
| 12422 | 0 |
Pairs
| 57 | 40000 |
Coins
| 31 | 200 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Transaction Mining | Transaction Mining |
Margin
| - | - |
| Volume | Volume 12422 | Volume 0 |
|---|---|---|
| Pairs | Pairs 57 | Pairs 40000 |
| Coins | Coins 31 | Coins 200 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Transaction Mining | 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
| bisq.network | letsexchange.io |
| @bisq_network | @letsexchange_io |
Number of followers
| 19000 | 6200 |
| Website | Website bisq.network | Website letsexchange.io |
|---|---|---|
| Twitter @bisq_network | Twitter @letsexchange_io | |
| Number of followers | Number of followers 19000 | Number of followers 6200 |
Rating
| User rating | 28 user reviews | 13 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bisq user rating is 4.1, based on 28 user reviews. LetsExchange user rating is 2.8, based on 13 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? |
On this page, you can compare Bisq 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. Bisq was founded in 2014. 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 Bisq. 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.
Bisq is Decentralized and LetsExchange is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bisq has a mobile app available for iOS and Android. LetsExchange doesn't have a mobile app.
Bisq has 9 languages available, including English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese and Portuguese (PT).