Compare itBit vs Simex Exchange
On this page, you can compare itBit with Simex. 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. itBit was founded in 2013 in USA. Simex was founded in 2015 in USA.
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 itBit. 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.
itBit is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
itBit doesn't have a mobile app. Simex doesn't have a mobile app.
itBit has 1 language available, which is English. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 10 user reviews | 7 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 10 user reviews | 7 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
Founding Date
| 2013 | 2015 |
Country
| USA | USA |
Type
| Centralized | Centralized |
Languages
| English | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| - | - |
Full address
| ItBit, New York, U.S.A | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
Fees
|
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2015 |
| Country | Country USA | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app - | Mobile app - |
| Full address | Full address ItBit, New York, U.S.A | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| Fees |
Fees
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
Trading
itBit trading volume is 2,972,177.0. The exchange has 3 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Simex trading volume is 81,377,280.0. The exchange has 16 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
| 2972177 | 81377280 |
Pairs
| 3 | 16 |
Coins
| 4 | 14 |
Fiat trading
| - | - |
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 2972177 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 3 | Pairs 16 |
| Coins | Coins 4 | Coins 14 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Free | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| 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
| www.itbit.com | simex.global |
| @itBit | @simexinvest |
Number of followers
| 7811 | 2223 |
| Website | Website www.itbit.com | Website simex.global |
|---|---|---|
| Twitter @itBit | Twitter @simexinvest | |
| Number of followers | Number of followers 7811 | Number of followers 2223 |
Rating
| User rating | 10 user reviews | 7 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
itBit user rating is 3.4, based on 10 user reviews. Simex user rating is 3.6, based on 7 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 itBit with Simex. 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. itBit was founded in 2013 in USA. Simex was founded in 2015 in USA.
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 itBit. 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.
itBit is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
itBit doesn't have a mobile app. Simex doesn't have a mobile app.
itBit has 1 language available, which is English. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.