Compare Bitforex vs IDEX Exchange
On this page, you can compare Bitforex with IDEX. 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. Bitforex was founded in 2017 in Singapore. IDEX was founded in 2016 in Panama.
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 IDEX. 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.
Bitforex is Centralized and IDEX is Decentralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. IDEX doesn't have a mobile app.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese.
| Company | ||
|---|---|---|
| User rating | 25 user reviews | 15 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 25 user reviews | 15 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
Founding Date
| 2017 | 2016 |
Country
| Singapore | Panama |
Type
| Centralized | Decentralized |
Languages
| English, Korean, Russian, Chinese | English, Spanish, Korean, Russian, Chinese, Vietnamese |
Mobile app
| iOS, Android | - |
Full address
| Hong Kong (The exchange does not disclose the exact location of its office) | Unknown |
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 |
Maker: 0.1% Taker: 0.2% |
| About |
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.
|
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform.
The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2016 |
| Country | Country Singapore | Country Panama |
| Type | Type Centralized | Type Decentralized |
| Languages | Languages English, Korean, Russian, Chinese | Languages English, Spanish, Korean, Russian, Chinese, Vietnamese |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address Hong Kong (The exchange does not disclose the exact location of its office) | Full address Unknown |
| Fees |
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 |
Fees
Maker: 0.1% Taker: 0.2% |
Trading
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.
IDEX trading volume is 449,214.0. The exchange has 615 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
| 780602851 | 449214 |
Pairs
| 291 | 615 |
Coins
| 125 | 480 |
Fiat trading
| - | - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| Volume | Volume 780602851 | Volume 449214 |
|---|---|---|
| Pairs | Pairs 291 | Pairs 615 |
| Coins | Coins 125 | Coins 480 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| 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
| www.bitforex.com | idex.market |
| @bitforexcom | @aurora_dao |
Number of followers
| 26351 | 378 |
| Website | Website www.bitforex.com | Website idex.market |
|---|---|---|
| Twitter @bitforexcom | Twitter @aurora_dao | |
| Number of followers | Number of followers 26351 | Number of followers 378 |
Rating
| User rating | 25 user reviews | 15 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitforex user rating is 3.1, based on 25 user reviews. IDEX user rating is 3.7, based on 15 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 Bitforex with IDEX. 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. Bitforex was founded in 2017 in Singapore. IDEX was founded in 2016 in Panama.
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 IDEX. 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.
Bitforex is Centralized and IDEX is Decentralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. IDEX doesn't have a mobile app.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese.