Compare LocalBitcoins vs Simex
On this page, you can compare LocalBitcoins 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. LocalBitcoins was founded in 2012 in Finland. 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 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.
LocalBitcoins is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LocalBitcoins has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 1 user review | 7 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 1 user review | 7 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
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
| 2012 | 2015 |
Country
| Finland | USA |
Type
| Centralized | Centralized |
Languages
| No data | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| iOS, Android | - |
Full address
| No data | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
Fees
| No data | 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
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.
|
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 2012 | Founding Date 2015 |
| Country | Country Finland | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages No data | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address No data | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| Fees | Fees No data | Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
Trading
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.
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
| 4800000 | 81377280 |
Pairs
| 103 | 16 |
Coins
| 1 | 14 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| No Fees | Percentage |
Margin
| - | - |
| Volume | Volume 4800000 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 103 | Pairs 16 |
| Coins | Coins 1 | Coins 14 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees No Fees | Fees Percentage |
| 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
| localbitcoins.com | simex.global |
| @LocalBitcoins | @simexinvest |
Number of followers
| 52300 | 2223 |
| Website | Website localbitcoins.com | Website simex.global |
|---|---|---|
| Twitter @LocalBitcoins | Twitter @simexinvest | |
| Number of followers | Number of followers 52300 | Number of followers 2223 |
Rating
| User rating | 1 user review | 7 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
LocalBitcoins user rating is 3, based on 1 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 LocalBitcoins 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. LocalBitcoins was founded in 2012 in Finland. 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 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.
LocalBitcoins is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
LocalBitcoins has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.