Compare Bitfinex vs LocalTrade

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On this page, you can compare Bitfinex with LocalTrade. 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. Bitfinex was founded in 2012 in British Virgin Islands. LocalTrade was founded in 2017.

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 Bitfinex. 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.

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

Bitfinex has a mobile app available for iOS and Android. LocalTrade has a mobile app available for iOS and Android.

Bitfinex has 5 languages available, including English, Russian, Traditional Chinese, Simplified Chinese and Turkish. LocalTrade has 16 languages available, including English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish and Slovene.

Company
User rating User rating 4.2 / 5 12 user review User rating 5 / 5 1 user review
Cryptogeek rating Cryptogeek rating 4.2 / 5 Cryptogeek rating 0 / 5
Trust Score How it works Trust Score 4.26 / 5 Trust Score 3.8 / 5

User rating

4.2 / 5 12 user review 5 / 5 1 user review

Cryptogeek rating

4.2 / 5 0 / 5

Trust Score

How it works
4.26 / 5 3.8 / 5

About

Bitfinex is one of the largest exchanges in terms of daily trading volumes and overall recognition. It was founded in 2012 and it is based in Hong Kong. 72 trading pairs are currently available on the platform. The pairs are linked to the four currencies including USD, EUR, BTC and ETH.
LocalTrade is the cryptocurrency exchange covering USD, BTC and ETH markets. It was established in 2017. 

Founding Date

2012 2017

Country

British Virgin Islands International

Type

Centralized Centralized

Languages

English, Russian, Traditional Chinese, Simplified Chinese, Turkish English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish, Slovene

Mobile app

iOS, Android iOS, Android

Full address

Taipei (HQ) Taiwan, Province of China 17F-1, No. 266, Sec. 1, Wenhua Rd., Banqiao Dist. Suite 305, Griffith Corporate Center, PO. Box 1510, Beachmont, Kingstown

Fees

EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES TAKER DISCOUNT LEO HOLDERS
$0.00 or more traded 0.100% 0.200% up to -(25.000% + 6bps)
$500,000.00 or more traded 0.080% 0.200% up to -(25.000% + 6bps)
$1,000,000.00 or more traded 0.060% 0.200% up to -(25.000% + 6bps)
$2,500,000.00 or more traded 0.040% 0.200% up to -(25.000% + 6bps)
$5,000,000.00 or more traded 0.020% 0.200% up to -(25.000% + 6bps)
$7,500,000.00 or more traded 0.000% 0.200% up to -(25.000% + 6bps)
$10,000,000.00 or more traded 0.000% 0.180% up to -(25.000% + 6bps)
$15,000,000.00 or more traded 0.000% 0.160% up to -(25.000% + 6bps)
$20,000,000.00 or more traded 0.000% 0.140% up to -(25.000% + 6bps)
$25,000,000.00 or more traded 0.000% 0.120% up to -(25.000% + 6bps)
$30,000,000.00 or more traded 0.000% 0.100% up to -(25.000% + 6bps)
$300,000,000.00 or more traded 0.000% 0.090% up to -(25.000% + 6bps)
$1,000,000,000.00 or more traded 0.000% 0.085% up to -(25.000% + 6bps)
$3,000,000,000.00 or more traded 0.000% 0.075% up to -(25.000% + 6bps)
$10,000,000,000.00 or more traded 0.000% 0.060% up to -(25.000% + 6bps)
$30,000,000,000.00 or more traded 0.000% 0.055% up to -(25.000% + 6bps)

Full fee schedule:
https://www.bitfinex.com/fees
Fee for trading - 0.2% trading fee

Full fee schedule:
https://localtrade.cc/fee-schedule
About
Bitfinex is one of the largest exchanges in terms of daily trading volumes and overall recognition. It was founded in 2012 and it is based in Hong Kong. 72 trading pairs are currently available on the platform. The pairs are linked to the four currencies including USD, EUR, BTC and ETH.
LocalTrade is the cryptocurrency exchange covering USD, BTC and ETH markets. It was established in 2017. 
Founding Date Founding Date 2012 Founding Date 2017
Country Country British Virgin Islands Country International
Type Type Centralized Type Centralized
Languages Languages English, Russian, Traditional Chinese, Simplified Chinese, Turkish Languages English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish, Slovene
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address Taipei (HQ) Taiwan, Province of China 17F-1, No. 266, Sec. 1, Wenhua Rd., Banqiao Dist. Full address Suite 305, Griffith Corporate Center, PO. Box 1510, Beachmont, Kingstown
Fees Fees EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES TAKER DISCOUNT LEO HOLDERS
$0.00 or more traded 0.100% 0.200% up to -(25.000% + 6bps)
$500,000.00 or more traded 0.080% 0.200% up to -(25.000% + 6bps)
$1,000,000.00 or more traded 0.060% 0.200% up to -(25.000% + 6bps)
$2,500,000.00 or more traded 0.040% 0.200% up to -(25.000% + 6bps)
$5,000,000.00 or more traded 0.020% 0.200% up to -(25.000% + 6bps)
$7,500,000.00 or more traded 0.000% 0.200% up to -(25.000% + 6bps)
$10,000,000.00 or more traded 0.000% 0.180% up to -(25.000% + 6bps)
$15,000,000.00 or more traded 0.000% 0.160% up to -(25.000% + 6bps)
$20,000,000.00 or more traded 0.000% 0.140% up to -(25.000% + 6bps)
$25,000,000.00 or more traded 0.000% 0.120% up to -(25.000% + 6bps)
$30,000,000.00 or more traded 0.000% 0.100% up to -(25.000% + 6bps)
$300,000,000.00 or more traded 0.000% 0.090% up to -(25.000% + 6bps)
$1,000,000,000.00 or more traded 0.000% 0.085% up to -(25.000% + 6bps)
$3,000,000,000.00 or more traded 0.000% 0.075% up to -(25.000% + 6bps)
$10,000,000,000.00 or more traded 0.000% 0.060% up to -(25.000% + 6bps)
$30,000,000,000.00 or more traded 0.000% 0.055% up to -(25.000% + 6bps)

Full fee schedule:
https://www.bitfinex.com/fees
Fees Fee for trading - 0.2% trading fee

Full fee schedule:
https://localtrade.cc/fee-schedule

Trading

Bitfinex trading volume is 97,079,338.0. The exchange has 304 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.

LocalTrade trading volume is 81,701,332.0. The exchange has 87 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

97079338 81701332

Pairs

304 87

Coins

53 29

Fiat trading

- -

Deposit

Percentage Free

Fees

Percentage Percentage

Margin

-
Volume Volume 97079338 Volume 81701332
Pairs Pairs 304 Pairs 87
Coins Coins 53 Coins 29
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Percentage Deposit Free
Fees Fees Percentage Fees Percentage
Margin Margin Margin -

Safety

Two factor authentication

Verified

Verified Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Verified Verified Unverified

Social

Website

www.bitfinex.com localtrade.cc

Twitter

@bitfinex @localtrade_cc

Number of followers

509062 339261
Website Website www.bitfinex.com Website localtrade.cc
Twitter Twitter @bitfinex Twitter @localtrade_cc
Number of followers Number of followers 509062 Number of followers 339261

Rating

User rating User rating 4.2 / 5 12 user review User rating 5 / 5 1 user review
Cryptogeek rating Cryptogeek rating 4.2 / 5 Cryptogeek rating 0 / 5

Cryptogeek summary

Bitfinex user rating is 4.2, based on 12 user reviews. LocalTrade user rating is 5, based on 1 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: 4.26 / 5
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Trust Score: 3.8 / 5
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On this page, you can compare Bitfinex with LocalTrade. 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. Bitfinex was founded in 2012 in British Virgin Islands. LocalTrade was founded in 2017.

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 Bitfinex. 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.

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

Bitfinex has a mobile app available for iOS and Android. LocalTrade has a mobile app available for iOS and Android.

Bitfinex has 5 languages available, including English, Russian, Traditional Chinese, Simplified Chinese and Turkish. LocalTrade has 16 languages available, including English, Japanese, Portuguese, German, French, Spanish, Italian, Korean, Russian, Chinese, Indonesian, Hindi, Arabic, Thai, Polish and Slovene.