Compare Bitso vs Koinex
On this page, you can compare Bitso with Koinex. 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. Bitso was founded in 2014 in Mexico. Koinex was founded in 2017 in India.
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 Bitso. 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.
Bitso is Centralized and Koinex is Decentralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitso has a mobile app available for iOS and Android. Koinex has a mobile app available for Android.
Bitso has 3 languages available, including English, Portuguese and Spanish. Koinex has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 14 user reviews | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 14 user reviews | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
|
Koinex was an Indian exchange established in 2017. In June 2019, the exchange announced that its operation would be ceased. The deadline for withdrawal was scheduled for July 15, 2019.
|
Founding Date
| 2014 | 2017 |
Country
| Mexico | India |
Type
| Centralized | Decentralized |
Languages
| English, Portuguese, Spanish | English |
Mobile app
| iOS, Android | Android |
Full address
| Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 | No data |
Fees
|
1.00% - 0.10% (BTC/MXN) 1.00% - 0.10% (ETH/MXN) 0.80% - 0.10% (XRP/BTC) 0.80% - 0.10% (XRP/MXN) 1.00% - 0.10% (ETH/BTC) 0.50% (BCH/BTC) |
No data |
| About |
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
|
Koinex was an Indian exchange established in 2017. In June 2019, the exchange announced that its operation would be ceased. The deadline for withdrawal was scheduled for July 15, 2019.
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2017 |
| Country | Country Mexico | Country India |
| Type | Type Centralized | Type Decentralized |
| Languages | Languages English, Portuguese, Spanish | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app Android |
| Full address | Full address Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 | Full address No data |
| Fees |
Fees
1.00% - 0.10% (BTC/MXN) 1.00% - 0.10% (ETH/MXN) 0.80% - 0.10% (XRP/BTC) 0.80% - 0.10% (XRP/MXN) 1.00% - 0.10% (ETH/BTC) 0.50% (BCH/BTC) |
Fees No data |
Trading
Bitso trading volume is 2,841,151.0. The exchange has 17 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.
Koinex trading volume is 0. The exchange has 27 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
| 2841151 | 0 |
Pairs
| 17 | 27 |
Coins
| 10 | 28 |
Fiat trading
| - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 2841151 | Volume 0 |
|---|---|---|
| Pairs | Pairs 17 | Pairs 27 |
| Coins | Coins 10 | Coins 28 |
| Fiat trading | Fiat trading | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| bitso.com | www.thodex.com |
| @bitso | @koinexindia |
Number of followers
| 24695 | 29595 |
| Website | Website bitso.com | Website www.thodex.com |
|---|---|---|
| Twitter @bitso | Twitter @koinexindia | |
| Number of followers | Number of followers 24695 | Number of followers 29595 |
Rating
| User rating | 14 user reviews | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitso user rating is 4.3, based on 14 user reviews. Koinex user rating is 4.0, based on 1 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 Bitso with Koinex. 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. Bitso was founded in 2014 in Mexico. Koinex was founded in 2017 in India.
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 Bitso. 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.
Bitso is Centralized and Koinex is Decentralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitso has a mobile app available for iOS and Android. Koinex has a mobile app available for Android.
Bitso has 3 languages available, including English, Portuguese and Spanish. Koinex has 1 language available, which is English.