On this page, you can compare Bitforex 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. Bitforex was founded in 2017 in Singapore. 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.
Bitforex is Centralized and itBit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. itBit doesn't have a mobile app.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. itBit has 1 language available, which is English.
Company | ||
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User rating | 20 user review | 10 user review |
Cryptogeek rating | ||
Trust Score How it works |
20 user review | 10 user review |
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
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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).
|
2017 | 2013 |
Singapore | USA |
Centralized | Centralized |
English, Korean, Russian, Chinese | English |
iOS, Android | - |
Hong Kong (The exchange does not disclose the exact location of its office) | ItBit, New York, U.S.A |
Maker • Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell. Taker • Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Spot • Maker fees: 0.1% • Taker fees: 0.1% Perpetual BTC & ETH • Maker fees: 0.04% • Taker fees: 0.06% Others • Maker fee: 0.06% • Taker fee: 0.06% MT5 A commission is a fee charged by a trader for buying or selling a product. • Forex/Commodity/Metal/Index commission: 10 USD / Per Lot • Cryptocurrency commission: 0.08% per trade |
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
About |
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
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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 2017 | Founding Date 2013 |
Country | Country Singapore | Country USA |
Type | Type Centralized | Type Centralized |
Languages | Languages English, Korean, Russian, Chinese | Languages English |
Mobile app | Mobile app iOS, Android | Mobile app - |
Full address | Full address Hong Kong (The exchange does not disclose the exact location of its office) | Full address ItBit, New York, U.S.A |
Fees |
Fees
Maker • Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell. Taker • Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book. Spot • Maker fees: 0.1% • Taker fees: 0.1% Perpetual BTC & ETH • Maker fees: 0.04% • Taker fees: 0.06% Others • Maker fee: 0.06% • Taker fee: 0.06% MT5 A commission is a fee charged by a trader for buying or selling a product. • Forex/Commodity/Metal/Index commission: 10 USD / Per Lot • Cryptocurrency commission: 0.08% per trade |
Fees
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
Bitforex trading volume is 780,602,851.0. The exchange has 291 available trading pairs. Fiat trading is not available on the exchange. Margin trading is 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.
780602851 | 2972177 |
291 | 3 |
125 | 4 |
- | - |
Free | Free |
Percentage | Percentage |
- |
Volume | Volume 780602851 | Volume 2972177 |
---|---|---|
Pairs | Pairs 291 | Pairs 3 |
Coins | Coins 125 | Coins 4 |
Fiat trading | Fiat trading - | Fiat trading - |
Deposit | Deposit Free | Deposit Free |
Fees | Fees Percentage | Fees Percentage |
Margin | Margin | Margin - |
Unverified | Verified |
Two factor authentication | Two factor authentication | Two factor authentication |
---|---|---|
Verified | Verified Unverified | Verified Verified |
www.bitforex.com | www.itbit.com |
@bitforexcom | @itBit |
26351 | 7811 |
Website | Website www.bitforex.com | Website www.itbit.com |
---|---|---|
Twitter @bitforexcom | Twitter @itBit | |
Number of followers | Number of followers 26351 | Number of followers 7811 |
User rating | 20 user review | 10 user review |
---|---|---|
Cryptogeek rating |
Bitforex user rating is 2.8, based on 20 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? |
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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 Bitforex 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. Bitforex was founded in 2017 in Singapore. 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.
Bitforex is Centralized and itBit is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitforex has a mobile app available for iOS and Android. itBit doesn't have a mobile app.
Bitforex has 4 languages available, including English, Korean, Russian and Chinese. itBit has 1 language available, which is English.