Compare CoinGate vs LocalBitcoins
On this page, you can compare CoinGate with LocalBitcoins. 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. CoinGate was founded in 2014 in Lithuania. LocalBitcoins was founded in 2012 in Finland.
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 LocalBitcoins. 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.
CoinGate is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
CoinGate has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
CoinGate has 2 languages available, including English and Spanish.
| Company | ||
|---|---|---|
| User rating | 5 user review | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 5 user review | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
CoinGate is a gateway cryptocurrency payment service founded in 2014 in Vilnius, Lithuania. The service can be used by merchants in order to make payments in cryptocurrency. CoinGate provides an opportunity to accept payments in around 50 cryptocurrencies with a flat 1% fee. Apart from cryptocurrencies CoinGate accepts EUR and USD so the customers that feel uncomfortable paying in crypto (or those who simply have no crypto) can pay with fiat money. Bank transfers, phone credits, and paying with debit or credit cards are also possible via CoinGate. Moreover, the platform can be used to sell cryptocurrency. In this review, we will observe the main features of this platform and will try to figure out if CoinGate is a scam and is it safe to use it.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Founding Date
| 2014 | 2012 |
Country
| Lithuania | Finland |
Type
| Centralized | Centralized |
Languages
| English, Spanish | No data |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | No data |
Fees
| No data | No data |
| About |
CoinGate is a gateway cryptocurrency payment service founded in 2014 in Vilnius, Lithuania. The service can be used by merchants in order to make payments in cryptocurrency. CoinGate provides an opportunity to accept payments in around 50 cryptocurrencies with a flat 1% fee. Apart from cryptocurrencies CoinGate accepts EUR and USD so the customers that feel uncomfortable paying in crypto (or those who simply have no crypto) can pay with fiat money. Bank transfers, phone credits, and paying with debit or credit cards are also possible via CoinGate. Moreover, the platform can be used to sell cryptocurrency. In this review, we will observe the main features of this platform and will try to figure out if CoinGate is a scam and is it safe to use it.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2012 |
| Country | Country Lithuania | Country Finland |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Spanish | Languages No data |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address No data |
| Fees | Fees No data | Fees No data |
Trading
CoinGate trading volume is 0. The exchange has 0 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 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
| 0 | 4800000 |
Pairs
| 0 | 103 |
Coins
| 50 | 1 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Percentage | No Fees |
Margin
| - | - |
| Volume | Volume 0 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 0 | Pairs 103 |
| Coins | Coins 50 | Coins 1 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees No Fees |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| coingate.com | localbitcoins.com |
| @CoinGatecom | @LocalBitcoins |
Number of followers
| 4000 | 52300 |
| Website | Website coingate.com | Website localbitcoins.com |
|---|---|---|
| Twitter @CoinGatecom | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 4000 | Number of followers 52300 |
Rating
| User rating | 5 user review | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
CoinGate user rating is 2.6, based on 5 user reviews. LocalBitcoins user rating is 3, 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 CoinGate with LocalBitcoins. 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. CoinGate was founded in 2014 in Lithuania. LocalBitcoins was founded in 2012 in Finland.
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 LocalBitcoins. 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.
CoinGate is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
CoinGate has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
CoinGate has 2 languages available, including English and Spanish.