Compare IDAX vs LocalTrade Exchange
On this page, you can compare IDAX with LocalTrade. 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. LocalTrade was founded in 2017.
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.
IDAX is Centralized and LocalTrade 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. LocalTrade has a mobile app available for iOS and Android.
IDAX has 3 languages available, including English, Korean and Chinese. LocalTrade has 16 languages available, including English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish and Slovene.
| Company | ||
|---|---|---|
| User rating | 38 user reviews | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 38 user reviews | 1 user review |
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.
|
LocalTrade is the cryptocurrency exchange covering USD, BTC and ETH markets. It was established in 2017.
|
Founding Date
| 2017 | 2017 |
Country
| Mongolia | International |
Type
| Centralized | Centralized |
Languages
| English, Korean, Chinese | English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish, Slovene |
Mobile app
| iOS, Android | iOS, Android |
Full address
| 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Suite 305, Griffith Corporate Center, PO. Box 1510, Beachmont, Kingstown |
Fees
|
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fee for trading - 0.2% trading fee Full fee schedule: https://localtrade.cc/fee-schedule |
| About |
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
LocalTrade is the cryptocurrency exchange covering USD, BTC and ETH markets. It was established in 2017.
|
|---|---|---|
| Founding Date | Founding Date 2017 | Founding Date 2017 |
| Country | Country Mongolia | Country International |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Chinese | Languages English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish, Slovene |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia | Full address Suite 305, Griffith Corporate Center, PO. Box 1510, Beachmont, Kingstown |
| Fees |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Fees
Fee for trading - 0.2% trading fee Full fee schedule: https://localtrade.cc/fee-schedule |
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.
LocalTrade trading volume is 81,701,332.0. The exchange has 87 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
| 1178556765 | 81701332 |
Pairs
| 263 | 87 |
Coins
| 137 | 29 |
Fiat trading
| - | - |
Deposit
| No data | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 1178556765 | Volume 81701332 |
|---|---|---|
| Pairs | Pairs 263 | Pairs 87 |
| Coins | Coins 137 | Coins 29 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit No data | Deposit Free |
| 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 | localtrade.cc |
| @IDAXpro | @localtrade_cc |
Number of followers
| 8884 | 339261 |
| Website | Website www.idax.pro | Website localtrade.cc |
|---|---|---|
| Twitter @IDAXpro | Twitter @localtrade_cc | |
| Number of followers | Number of followers 8884 | Number of followers 339261 |
Rating
| User rating | 38 user reviews | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDAX user rating is 3, based on 38 user reviews. LocalTrade user rating is 5, 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 IDAX with LocalTrade. 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. LocalTrade was founded in 2017.
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.
IDAX is Centralized and LocalTrade 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. LocalTrade has a mobile app available for iOS and Android.
IDAX has 3 languages available, including English, Korean and Chinese. LocalTrade has 16 languages available, including English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish and Slovene.