Compare Bitfinex vs LocalTrade
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 | 12 user review | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 12 user review | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
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 |
| @bitfinex | @localtrade_cc |
Number of followers
| 509062 | 339261 |
| Website | Website www.bitfinex.com | Website localtrade.cc |
|---|---|---|
| Twitter @bitfinex | Twitter @localtrade_cc | |
| Number of followers | Number of followers 509062 | Number of followers 339261 |
Rating
| User rating | 12 user review | 1 user review |
|---|---|---|
| Cryptogeek rating |
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? |
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.