Compare IDEX vs LocalBitcoins
On this page, you can compare IDEX with LocalBitcoins. 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. IDEX was founded in 2016 in Panama. LocalBitcoins was founded in 2012 in Finland.
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 LocalBitcoins. 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.
IDEX is Decentralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. LocalBitcoins has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese.
| Company | ||
|---|---|---|
| User rating | 15 user reviews | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 15 user reviews | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Founding Date
| 2016 | 2012 |
Country
| Panama | Finland |
Type
| Decentralized | Centralized |
Languages
| English, Spanish, Korean, Russian, Chinese, Vietnamese | No data |
Mobile app
| - | iOS, Android |
Full address
| Unknown | No data |
Fees
|
Maker: 0.1% Taker: 0.2% |
No data |
| About |
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.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
|---|---|---|
| Founding Date | Founding Date 2016 | Founding Date 2012 |
| Country | Country Panama | Country Finland |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Spanish, Korean, Russian, Chinese, Vietnamese | Languages No data |
| Mobile app | Mobile app - | Mobile app iOS, Android |
| Full address | Full address Unknown | Full address No data |
| Fees |
Fees
Maker: 0.1% Taker: 0.2% |
Fees No data |
Trading
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.
LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 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
| 449214 | 4800000 |
Pairs
| 615 | 103 |
Coins
| 480 | 1 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Percentage | No Fees |
Margin
| - |
| Volume | Volume 449214 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 615 | Pairs 103 |
| Coins | Coins 480 | Coins 1 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees No Fees |
| Margin | Margin | Margin - |
Safety
Two factor authentication
Verified
| Verified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Unverified |
Social
Website
| idex.market | localbitcoins.com |
| @aurora_dao | @LocalBitcoins |
Number of followers
| 378 | 52300 |
| Website | Website idex.market | Website localbitcoins.com |
|---|---|---|
| Twitter @aurora_dao | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 378 | Number of followers 52300 |
Rating
| User rating | 15 user reviews | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
IDEX user rating is 3.7, based on 15 user reviews. LocalBitcoins user rating is 3, 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 IDEX with LocalBitcoins. 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. IDEX was founded in 2016 in Panama. LocalBitcoins was founded in 2012 in Finland.
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 LocalBitcoins. 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.
IDEX is Decentralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
IDEX doesn't have a mobile app. LocalBitcoins has a mobile app available for iOS and Android.
IDEX has 6 languages available, including English, Spanish, Korean, Russian, Chinese and Vietnamese.