Compare LakeBTC vs LocalBitcoins
On this page, you can compare LakeBTC 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. LakeBTC was founded in 2013 in China. 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.
LakeBTC is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LakeBTC doesn't have a mobile app. LocalBitcoins has a mobile app available for iOS and Android.
LakeBTC has 6 languages available, including English, Japanese, Brazilian Portuguese, French, Spanish and Swedish.
| Company | ||
|---|---|---|
| User rating | 3 user reviews | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 3 user reviews | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
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
| 2013 | 2012 |
Country
| China | Finland |
Type
| Centralized | Centralized |
Languages
| English, Japanese, Brazilian Portuguese, French, Spanish, Swedish | No data |
Mobile app
| - | iOS, Android |
Full address
| Suite 606, 231-1 Ludi Avenue, Kunshan, Jiangsu, China Postal Code: 215332 | No data |
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. |
No data |
| About |
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.
|
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 2013 | Founding Date 2012 |
| Country | Country China | Country Finland |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Japanese, Brazilian Portuguese, French, Spanish, Swedish | Languages No data |
| Mobile app | Mobile app - | Mobile app iOS, Android |
| Full address | Full address Suite 606, 231-1 Ludi Avenue, Kunshan, Jiangsu, China Postal Code: 215332 | Full address No data |
| Fees |
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. |
Fees No data |
Trading
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.
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
| 10626207 | 4800000 |
Pairs
| 12 | 103 |
Coins
| 13 | 1 |
Fiat trading
| - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Percentage | No Fees |
Margin
| - | - |
| Volume | Volume 10626207 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 12 | Pairs 103 |
| Coins | Coins 13 | 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
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| www.lakebtc.com | localbitcoins.com |
| @LakeBTC | @LocalBitcoins |
Number of followers
| 2064 | 52300 |
| Website | Website www.lakebtc.com | Website localbitcoins.com |
|---|---|---|
| Twitter @LakeBTC | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 2064 | Number of followers 52300 |
Rating
| User rating | 3 user reviews | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
LakeBTC user rating is 2, based on 3 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 LakeBTC 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. LakeBTC was founded in 2013 in China. 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.
LakeBTC is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LakeBTC doesn't have a mobile app. LocalBitcoins has a mobile app available for iOS and Android.
LakeBTC has 6 languages available, including English, Japanese, Brazilian Portuguese, French, Spanish and Swedish.