Compare Bitbank vs Poloniex Exchange
On this page, you can compare Bitbank with Poloniex. 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. Bitbank was founded in 2014 in Japan. Poloniex was founded in 2014 in USA.
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.
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.
Bitbank is Centralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitbank has a mobile app available for iOS and Android. Poloniex has a mobile app available for iOS and Android.
Bitbank has 2 languages available, including English and Japanese. Poloniex has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 11 user reviews | 11 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 11 user reviews | 11 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
Founding Date
| 2014 | 2014 |
Country
| Japan | USA |
Type
| Centralized | Centralized |
Languages
| English, Japanese | English |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 | Poloniex, LLC. 2018 - Boston, MA, U.S.A |
Fees
| Bitbank charges 0.12% for takers and -0.02% for makers |
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
| About |
Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.
|
Poloniex launched in 2014. It is based in the United States. It was recently acquired by Circle, a large Goldman-Sachs backed company. The exchange faced a hacker attack soon after opening which caused a higher level of security provided later. It requires a user’s physical address, postal address, date of birth, id, and phone number.
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2014 |
| Country | Country Japan | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Japanese | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 | Full address Poloniex, LLC. 2018 - Boston, MA, U.S.A |
| Fees | Fees Bitbank charges 0.12% for takers and -0.02% for makers |
Fees
Fees are charged and deduced on a per-trade basis. The more “total volume” you trade on a rolling 30 day basis, the lower your fee on subsequent trades. We will calculate your fees based on your last 30 days of trading volume based on the daily average of the BTC-USD rate (24-hour weighted average price) and dynamically adjust your fees according to the following schedule: Maker | Taker Trade | Volume (trailing 30 day avg) 0.08% | 0.20% | < $1m USD 0.02% | 0.15% | < $20m USD 0.00% | 0.10% | ≥ $20m USD |
Trading
Bitbank trading volume is 27,517,216.0. The exchange has 7 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Poloniex trading volume is 18,446,726.0. The exchange has 101 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
| 27517216 | 18446726 |
Pairs
| 7 | 101 |
Coins
| 7 | 57 |
Fiat trading
| - | - |
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 27517216 | Volume 18446726 |
|---|---|---|
| Pairs | Pairs 7 | Pairs 101 |
| Coins | Coins 7 | Coins 57 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Free | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| 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
| bitbank.cc | poloniex.com |
| @bitbank_inc | @poloniex |
Number of followers
| 25306 | 222304 |
| Website | Website bitbank.cc | Website poloniex.com |
|---|---|---|
| Twitter @bitbank_inc | Twitter @poloniex | |
| Number of followers | Number of followers 25306 | Number of followers 222304 |
Rating
| User rating | 11 user reviews | 11 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitbank user rating is 1.9, based on 11 user reviews. Poloniex user rating is 2.8, based on 11 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 Bitbank with Poloniex. 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. Bitbank was founded in 2014 in Japan. Poloniex was founded in 2014 in USA.
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.
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.
Bitbank is Centralized and Poloniex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitbank has a mobile app available for iOS and Android. Poloniex has a mobile app available for iOS and Android.
Bitbank has 2 languages available, including English and Japanese. Poloniex has 1 language available, which is English.