Compare Bitso vs LetsExchange

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On this page, you can compare Bitso with LetsExchange. 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. LetsExchange was founded in 2020 in Seychelles.

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 LetsExchange 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. LetsExchange doesn't have a mobile app.

Bitso has 3 languages available, including English, Portuguese and Spanish.

Company
User rating User rating 4.3 / 5 14 user review User rating 2.6 / 5 12 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 4.23 / 5 Trust Score 3.32 / 5

User rating

4.3 / 5 14 user review 2.6 / 5 12 user review

Cryptogeek rating

4 / 5 4.2 / 5

Trust Score

How it works
4.23 / 5 3.32 / 5

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. 
LetsExchange offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.

Founding Date

2014 2020

Country

Mexico Seychelles

Type

Centralized Centralized

Languages

English, Portuguese, Spanish No data

Mobile app

iOS, Android -

Full address

Bitso HQ Campos Eliseos 400 601B Col. Polanco Reforma México DF, México 11530 No data

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)
No data
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. 
LetsExchange offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.
Founding Date Founding Date 2014 Founding Date 2020
Country Country Mexico Country Seychelles
Type Type Centralized Type Centralized
Languages Languages English, Portuguese, Spanish Languages No data
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 No data
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 No data

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.

LetsExchange trading volume is 0. The exchange has 40000 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 0

Pairs

17 40000

Coins

10 200

Fiat trading

-

Deposit

Depends on currency and volume Free

Fees

Percentage Transaction Mining

Margin

- -
Volume Volume 2841151 Volume 0
Pairs Pairs 17 Pairs 40000
Coins Coins 10 Coins 200
Fiat trading Fiat trading Fiat trading -
Deposit Deposit Depends on currency and volume Deposit Free
Fees Fees Percentage Fees Transaction Mining
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

bitso.com letsexchange.io

Twitter

@bitso @letsexchange_io

Number of followers

24695 6200
Website Website bitso.com Website letsexchange.io
Twitter Twitter @bitso Twitter @letsexchange_io
Number of followers Number of followers 24695 Number of followers 6200

Rating

User rating User rating 4.3 / 5 14 user review User rating 2.6 / 5 12 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4.2 / 5

Cryptogeek summary

Bitso user rating is 4.3, based on 14 user reviews. LetsExchange user rating is 2.6, based on 12 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: 4.23 / 5
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Trust Score: 3.32 / 5
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On this page, you can compare Bitso with LetsExchange. 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. LetsExchange was founded in 2020 in Seychelles.

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 LetsExchange 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. LetsExchange doesn't have a mobile app.

Bitso has 3 languages available, including English, Portuguese and Spanish.