Compare Bitso vs Simex
On this page, you can compare Bitso 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. Bitso was founded in 2014 in Mexico. 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 Bitso. 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.
Bitso is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitso has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
Bitso has 3 languages available, including English, Portuguese and Spanish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 14 user reviews | 7 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 14 user reviews | 7 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
|
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
| Mexico | USA |
Type
| Centralized | Centralized |
Languages
| English, Portuguese, Spanish | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| iOS, Android | - |
Full address
| Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
Fees
|
1.00% - 0.10% (BTC/MXN) 1.00% - 0.10% (ETH/MXN) 0.80% - 0.10% (XRP/BTC) 0.80% - 0.10% (XRP/MXN) 1.00% - 0.10% (ETH/BTC) 0.50% (BCH/BTC) |
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
|
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 Mexico | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Portuguese, Spanish | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| Fees |
Fees
1.00% - 0.10% (BTC/MXN) 1.00% - 0.10% (ETH/MXN) 0.80% - 0.10% (XRP/BTC) 0.80% - 0.10% (XRP/MXN) 1.00% - 0.10% (ETH/BTC) 0.50% (BCH/BTC) |
Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
Trading
Bitso trading volume is 2,841,151.0. The exchange has 17 available trading pairs. Fiat trading is 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
| 2841151 | 81377280 |
Pairs
| 17 | 16 |
Coins
| 10 | 14 |
Fiat trading
| - |
Deposit
| Depends on currency and volume | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 2841151 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 17 | Pairs 16 |
| Coins | Coins 10 | 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
| bitso.com | simex.global |
| @bitso | @simexinvest |
Number of followers
| 24695 | 2223 |
| Website | Website bitso.com | Website simex.global |
|---|---|---|
| Twitter @bitso | Twitter @simexinvest | |
| Number of followers | Number of followers 24695 | Number of followers 2223 |
Rating
| User rating | 14 user reviews | 7 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitso user rating is 4.3, based on 14 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 Bitso 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. Bitso was founded in 2014 in Mexico. 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 Bitso. 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.
Bitso is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitso has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
Bitso has 3 languages available, including English, Portuguese and Spanish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.