Compare Bisq vs itBit
On this page, you can compare Bisq with itBit. 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. Bisq was founded in 2014. itBit was founded in 2013 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 itBit. 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.
Bisq is Decentralized and itBit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bisq has a mobile app available for iOS and Android. itBit doesn't have a mobile app.
Bisq has 9 languages available, including English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese and Portuguese (PT). itBit has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 28 user review | 10 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 28 user review | 10 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Bisq exchange was launched back in 2014. At that time it was one of the first Decentralized Autonomous Organizations (or simply DAO). According to the founders of this exchange, one of the goals of Bisq network is to "keep the original spirit of Bitcoin alive".
|
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
|
Founding Date
| 2014 | 2013 |
Country
| International | USA |
Type
| Decentralized | Centralized |
Languages
| English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese, Portuguese (PT) | English |
Mobile app
| iOS, Android | - |
Full address
| The exchange does not disclose its location | ItBit, New York, U.S.A |
Fees
| Trading fees are based on trade amount and distance to market price. Min. fee (MF) = 0.0002 BTC, default fee (DF) = 0.002 BTC, amount factor (AF) = 1/BTC, market price factor (MF) = square root of percent value (e.g. 1% -> 1, 9% 0 -> 3, 0.01% -> 0.1). Trading fee = max(MF, DF * amount * AF * MF). E.g. 0.002 BTC for 1 BTC trade at 1% market price distance. |
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
| About |
Bisq exchange was launched back in 2014. At that time it was one of the first Decentralized Autonomous Organizations (or simply DAO). According to the founders of this exchange, one of the goals of Bisq network is to "keep the original spirit of Bitcoin alive".
|
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2013 |
| Country | Country International | Country USA |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese, Portuguese (PT) | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address The exchange does not disclose its location | Full address ItBit, New York, U.S.A |
| Fees | Fees Trading fees are based on trade amount and distance to market price. Min. fee (MF) = 0.0002 BTC, default fee (DF) = 0.002 BTC, amount factor (AF) = 1/BTC, market price factor (MF) = square root of percent value (e.g. 1% -> 1, 9% 0 -> 3, 0.01% -> 0.1). Trading fee = max(MF, DF * amount * AF * MF). E.g. 0.002 BTC for 1 BTC trade at 1% market price distance. |
Fees
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
Trading
Bisq trading volume is 12,422.0. The exchange has 57 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
itBit trading volume is 2,972,177.0. The exchange has 3 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
| 12422 | 2972177 |
Pairs
| 57 | 3 |
Coins
| 31 | 4 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Transaction Mining | Percentage |
Margin
| - | - |
| Volume | Volume 12422 | Volume 2972177 |
|---|---|---|
| Pairs | Pairs 57 | Pairs 3 |
| Coins | Coins 31 | Coins 4 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Transaction Mining | 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
| bisq.network | www.itbit.com |
| @bisq_network | @itBit |
Number of followers
| 19000 | 7811 |
| Website | Website bisq.network | Website www.itbit.com |
|---|---|---|
| Twitter @bisq_network | Twitter @itBit | |
| Number of followers | Number of followers 19000 | Number of followers 7811 |
Rating
| User rating | 28 user review | 10 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bisq user rating is 4.1, based on 28 user reviews. itBit user rating is 3.4, based on 10 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 Bisq with itBit. 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. Bisq was founded in 2014. itBit was founded in 2013 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 itBit. 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.
Bisq is Decentralized and itBit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bisq has a mobile app available for iOS and Android. itBit doesn't have a mobile app.
Bisq has 9 languages available, including English, Japanese, Portuguese, German, French, Spanish, Russian, Chinese and Portuguese (PT). itBit has 1 language available, which is English.