Compare LocalBitcoins vs WhiteBIT
On this page, you can compare LocalBitcoins with WhiteBIT. 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. WhiteBIT was founded in 2018 in Lithuania.
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 WhiteBIT 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. WhiteBIT has a mobile app available for iOS and Android.
WhiteBIT has 7 languages available, including English, Japanese, Spanish, Russian, Chinese, Ukrainian and Estonian.
| 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.
|
WhiteBIT is a centralized crypto-to-fiat cryptocurrency exchange launched in 2018. The exchange is notable for its wide functionality and strong security. Apart from trading and exchanging fiat money for crypto and vice versa, WhiteBIT users can enjoy such features as margin trading, staking, P2P platform, trading competitions, etc. WhiteBIT claims to have cutting-edge technology that allows quick transactions and matching.
|
Founding Date
| 2012 | 2018 |
Country
| Finland | Lithuania |
Type
| Centralized | Centralized |
Languages
| No data | English, Japanese, Spanish, Russian, Chinese, Ukrainian, Estonian |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | No data |
Fees
| No data | No data |
| 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.
|
WhiteBIT is a centralized crypto-to-fiat cryptocurrency exchange launched in 2018. The exchange is notable for its wide functionality and strong security. Apart from trading and exchanging fiat money for crypto and vice versa, WhiteBIT users can enjoy such features as margin trading, staking, P2P platform, trading competitions, etc. WhiteBIT claims to have cutting-edge technology that allows quick transactions and matching.
|
|---|---|---|
| Founding Date | Founding Date 2012 | Founding Date 2018 |
| Country | Country Finland | Country Lithuania |
| Type | Type Centralized | Type Centralized |
| Languages | Languages No data | Languages English, Japanese, Spanish, Russian, Chinese, Ukrainian, Estonian |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address No data |
| Fees | Fees No data | Fees No data |
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.
WhiteBIT trading volume is 0. The exchange has 188 available trading pairs. Fiat trading is not available on the exchange. Margin trading is 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 | 0 |
Pairs
| 103 | 188 |
Coins
| 1 | 95 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| No Fees | Percentage |
Margin
| - |
| Volume | Volume 4800000 | Volume 0 |
|---|---|---|
| Pairs | Pairs 103 | Pairs 188 |
| Coins | Coins 1 | Coins 95 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees No Fees | Fees Percentage |
| Margin | Margin - | Margin |
Safety
Two factor authentication
Verified
| Unverified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Verified |
Social
Website
| localbitcoins.com | whitebit.com |
| @LocalBitcoins | @whitebit |
Number of followers
| 52300 | 81000 |
| Website | Website localbitcoins.com | Website whitebit.com |
|---|---|---|
| Twitter @LocalBitcoins | Twitter @whitebit | |
| Number of followers | Number of followers 52300 | Number of followers 81000 |
Rating
| User rating | 1 user review | 7 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
LocalBitcoins user rating is 3, based on 1 user reviews. WhiteBIT user rating is 4.1, 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 WhiteBIT. 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. WhiteBIT was founded in 2018 in Lithuania.
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 WhiteBIT 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. WhiteBIT has a mobile app available for iOS and Android.
WhiteBIT has 7 languages available, including English, Japanese, Spanish, Russian, Chinese, Ukrainian and Estonian.