Compare HitBTC vs Simex
On this page, you can compare HitBTC with Simex. 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. HitBTC was founded in 2013 in Chile. Simex was founded in 2015 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 HitBTC. 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.
HitBTC is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
HitBTC has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
HitBTC has 5 languages available, including English, Portuguese, Spanish, Korean and Chinese. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 190 user review | 7 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 190 user review | 7 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
Founding Date
| 2013 | 2015 |
Country
| Chile | USA |
Type
| Centralized | Centralized |
Languages
| English, Portuguese, Spanish, Korean, Chinese | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| iOS, Android | - |
Full address
| Av Vitacura 2969, Las Condes, Región Metropolitana, Chile | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
Fees
|
Trading Fee Tier For upgraded accounts, HitBTC utilizes a trading fee tier system, rewarding community members for high volume trading. To put it simply, the more the user trades the lower their trade fees will be. Each user's volume will be calculated according to the total amount traded equivalent to BTC at the time of the trade. Example: The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total. The fees for Starter and General accounts are fixed at 0.1% Maker Fee and 0.2% Taker Fee. Trading fees for upgraded accounts: Tier / 30-days Trading Volume (BTC) / Maker Fee / Taker Fee 1 ≥ 0 BTC 0.07% 0.07% 2 ≥ 10 BTC 0.06% 0.07% 3 ≥ 100 BTC 0.05% 0.07% 4 ≥ 500 BTC 0.04% 0.07% 5 ≥ 1000 BTC 0.03% 0.06% 6 ≥ 5000 BTC 0.02% 0.06% 7 ≥ 10000 BTC 0.01% 0.05% 8 ≥ 20000 BTC 0% 0.04% 9 ≥ 50000 BTC -0.01% 0.03% 10 ≥ 100000 BTC -0.01% 0.02% If you're a professional trader and wish to discuss a personalized fee structure with HitBTC they'd be keen to talk. Please use the form in this link to reach out: https://hitbtc.com/fee-tier |
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
|---|---|---|
| Founding Date | Founding Date 2013 | Founding Date 2015 |
| Country | Country Chile | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Portuguese, Spanish, Korean, Chinese | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address Av Vitacura 2969, Las Condes, Región Metropolitana, Chile | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| Fees |
Fees
Trading Fee Tier For upgraded accounts, HitBTC utilizes a trading fee tier system, rewarding community members for high volume trading. To put it simply, the more the user trades the lower their trade fees will be. Each user's volume will be calculated according to the total amount traded equivalent to BTC at the time of the trade. Example: The user buys 15 EOS for 1 LTC and at the time of the trade 1 EOS is equivalent to 0.001 BTC. This means 0.015 BTC will then be added to their 30-day trade volume total. The fees for Starter and General accounts are fixed at 0.1% Maker Fee and 0.2% Taker Fee. Trading fees for upgraded accounts: Tier / 30-days Trading Volume (BTC) / Maker Fee / Taker Fee 1 ≥ 0 BTC 0.07% 0.07% 2 ≥ 10 BTC 0.06% 0.07% 3 ≥ 100 BTC 0.05% 0.07% 4 ≥ 500 BTC 0.04% 0.07% 5 ≥ 1000 BTC 0.03% 0.06% 6 ≥ 5000 BTC 0.02% 0.06% 7 ≥ 10000 BTC 0.01% 0.05% 8 ≥ 20000 BTC 0% 0.04% 9 ≥ 50000 BTC -0.01% 0.03% 10 ≥ 100000 BTC -0.01% 0.02% If you're a professional trader and wish to discuss a personalized fee structure with HitBTC they'd be keen to talk. Please use the form in this link to reach out: https://hitbtc.com/fee-tier |
Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
Trading
HitBTC trading volume is 639,867,353.0. The exchange has 853 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.
Simex trading volume is 81,377,280.0. The exchange has 16 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
| 639867353 | 81377280 |
Pairs
| 853 | 16 |
Coins
| 373 | 14 |
Fiat trading
| - | - |
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - |
| Volume | Volume 639867353 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 853 | Pairs 16 |
| Coins | Coins 373 | Coins 14 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Free | 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
| hitbtc.com | simex.global |
| @hitbtc | @simexinvest |
Number of followers
| 240010 | 2223 |
| Website | Website hitbtc.com | Website simex.global |
|---|---|---|
| Twitter @hitbtc | Twitter @simexinvest | |
| Number of followers | Number of followers 240010 | Number of followers 2223 |
Rating
| User rating | 190 user review | 7 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
HitBTC user rating is 3.8, based on 190 user reviews. Simex user rating is 3.6, based on 7 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 HitBTC with Simex. 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. HitBTC was founded in 2013 in Chile. Simex was founded in 2015 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 HitBTC. 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.
HitBTC is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
HitBTC has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
HitBTC has 5 languages available, including English, Portuguese, Spanish, Korean and Chinese. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.