Compare BitBay vs Simex

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On this page, you can compare BitBay 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. BitBay was founded in 2014 in Poland. 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 BitBay. 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.

BitBay is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

BitBay has a mobile app available for iOS and Android. Simex doesn't have a mobile app.

BitBay has 9 languages available, including English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese and Polish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.

Company
User rating User rating 4 / 5 1 user review User rating 3.6 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4.4 / 5 Cryptogeek rating 0 / 5
Trust Score How it works Trust Score 3.94 / 5 Trust Score 3.31 / 5

User rating

4 / 5 1 user review 3.6 / 5 7 user reviews

Cryptogeek rating

4.4 / 5 0 / 5

Trust Score

How it works
3.94 / 5 3.31 / 5

About

BitBay is one of the few exchanges based and originated in Poland. It offers an impressive range of crypto for trading.
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

2014 2015

Country

Poland USA

Type

Centralized Centralized

Languages

English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese, Polish English, Korean, Russian, Chinese, Indonesian, Malay, Hindi

Mobile app

iOS, Android -

Full address

BB Trade OÜ Lasnamäe linnaosa, Lõõtsa tn 5 Tallinn 11415, Estonia, ES Registration of Entrepreneurs number: 14814864 VAT Number: EE102200164 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109

Fees

30 DAY VOLUME IN EUR: MAKER / TAKER
875000: 0.17% / 0.25%

Full fee schedule: https://bitbay.net/en/fees
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction.
About
BitBay is one of the few exchanges based and originated in Poland. It offers an impressive range of crypto for trading.
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 2014 Founding Date 2015
Country Country Poland Country USA
Type Type Centralized Type Centralized
Languages Languages English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese, Polish Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address BB Trade OÜ Lasnamäe linnaosa, Lõõtsa tn 5 Tallinn 11415, Estonia, ES Registration of Entrepreneurs number: 14814864 VAT Number: EE102200164 Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109
Fees Fees 30 DAY VOLUME IN EUR: MAKER / TAKER
875000: 0.17% / 0.25%

Full fee schedule: https://bitbay.net/en/fees
Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction.

Trading

BitBay trading volume is 21,227,561.0. The exchange has 85 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

21227561 81377280

Pairs

85 16

Coins

36 14

Fiat trading

- -

Deposit

Depends on currency and volume Free

Fees

Percentage Percentage

Margin

- -
Volume Volume 21227561 Volume 81377280
Pairs Pairs 85 Pairs 16
Coins Coins 36 Coins 14
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Depends on currency and volume Deposit Free
Fees Fees Percentage 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

auth.bitbay.net simex.global

Twitter

@BitBay @simexinvest

Number of followers

35 2223
Website Website auth.bitbay.net Website simex.global
Twitter Twitter @BitBay Twitter @simexinvest
Number of followers Number of followers 35 Number of followers 2223

Rating

User rating User rating 4 / 5 1 user review User rating 3.6 / 5 7 user reviews
Cryptogeek rating Cryptogeek rating 4.4 / 5 Cryptogeek rating 0 / 5

Cryptogeek summary

BitBay user rating is 4, 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?
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Trust Score: 3.94 / 5
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Trust Score: 3.31 / 5
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On this page, you can compare BitBay 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. BitBay was founded in 2014 in Poland. 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 BitBay. 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.

BitBay is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

BitBay has a mobile app available for iOS and Android. Simex doesn't have a mobile app.

BitBay has 9 languages available, including English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese and Polish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.