Compare IDAX vs LakeBTC Exchange
On this page, you can compare IDAX with LakeBTC. 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. IDAX was founded in 2017 in Mongolia. LakeBTC was founded in 2013 in China.
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 LakeBTC. 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.
IDAX is Centralized and LakeBTC is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. LakeBTC doesn't have a mobile app.
IDAX has 3 languages available, including English, Korean and Chinese. LakeBTC has 6 languages available, including English, Japanese, Brazilian Portuguese, French, Spanish and Swedish.
| Company | ||
|---|---|---|
| User rating | 38 user reviews | 3 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 38 user reviews | 3 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
LakeBTC is one of the oldest exchanges on the market. It had been found back in 2013 and it still has the Asian audience as the priority. The presence of different deposit types are making the exchange interesting for a starting traders. From another point of view the service is reported to be buggy from time to time and some complaints about the support service can be found over the internet. The company also provides the wallet alongside with the exchange, but it is a questionable decision to have both the exchange and the wallet with the same company. Unfortunately, it seems that LakeBTC has ceased its operations although there is no official statement to confirm that.
|
Founding Date
| 2017 | 2013 |
Country
| Mongolia | China |
Type
| Centralized | Centralized |
Languages
| English, Korean, Chinese | English, Japanese, Brazilian Portuguese, French, Spanish, Swedish |
Mobile app
| iOS, Android | - |
Full address
| 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Suite 606, 231-1 Ludi Avenue, Kunshan, Jiangsu, China Postal Code: 215332 |
Fees
|
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Taker: 0.2% Maker: 0%, if your past calendar month volume > 20,000 BTC. 0.02%, if volume > 15,000 BTC 0.04%, if volume > 6000 BTC 0.06%, if volume > 3000 BTC. 0.10%, if volume > 500 BTC. 0.15%, otherwise. |
| About |
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
LakeBTC is one of the oldest exchanges on the market. It had been found back in 2013 and it still has the Asian audience as the priority. The presence of different deposit types are making the exchange interesting for a starting traders. From another point of view the service is reported to be buggy from time to time and some complaints about the support service can be found over the internet. The company also provides the wallet alongside with the exchange, but it is a questionable decision to have both the exchange and the wallet with the same company. Unfortunately, it seems that LakeBTC has ceased its operations although there is no official statement to confirm that.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2013 |
| Country | Country Mongolia | Country China |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Chinese | Languages English, Japanese, Brazilian Portuguese, French, Spanish, Swedish |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Full address Suite 606, 231-1 Ludi Avenue, Kunshan, Jiangsu, China Postal Code: 215332 |
| Fees |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fees
Taker: 0.2% Maker: 0%, if your past calendar month volume > 20,000 BTC. 0.02%, if volume > 15,000 BTC 0.04%, if volume > 6000 BTC 0.06%, if volume > 3000 BTC. 0.10%, if volume > 500 BTC. 0.15%, otherwise. |
Trading
IDAX trading volume is 1,178,556,765.0. The exchange has 263 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
LakeBTC trading volume is 10,626,207.0. The exchange has 12 available trading pairs. Fiat trading is 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
| 1178556765 | 10626207 |
Pairs
| 263 | 12 |
Coins
| 137 | 13 |
Fiat trading
| - |
Deposit
| No data | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 1178556765 | Volume 10626207 |
|---|---|---|
| Pairs | Pairs 263 | Pairs 12 |
| Coins | Coins 137 | Coins 13 |
| Fiat trading | Fiat trading - | Fiat trading |
| Deposit | Deposit No data | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| - | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified - | Verified Unverified |
Social
Website
| www.idax.pro | www.lakebtc.com |
| @IDAXpro | @LakeBTC |
Number of followers
| 8884 | 2064 |
| Website | Website www.idax.pro | Website www.lakebtc.com |
|---|---|---|
| Twitter @IDAXpro | Twitter @LakeBTC | |
| Number of followers | Number of followers 8884 | Number of followers 2064 |
Rating
| User rating | 38 user reviews | 3 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDAX user rating is 3, based on 38 user reviews. LakeBTC user rating is 2, based on 3 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 IDAX with LakeBTC. 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. IDAX was founded in 2017 in Mongolia. LakeBTC was founded in 2013 in China.
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 LakeBTC. 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.
IDAX is Centralized and LakeBTC is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDAX has a mobile app available for iOS and Android. LakeBTC doesn't have a mobile app.
IDAX has 3 languages available, including English, Korean and Chinese. LakeBTC has 6 languages available, including English, Japanese, Brazilian Portuguese, French, Spanish and Swedish.