Compare BitBay vs Simex
On this page, you can compare BitBay 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. BitBay was founded in 2014 in Poland. 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 BitBay. 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.
BitBay is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
BitBay has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
BitBay has 9 languages available, including English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese and Polish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 1 user review | 7 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 1 user review | 7 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
BitBay is one of the few exchanges based and originated in Poland. It offers an impressive range of crypto for trading.
|
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
| 2014 | 2015 |
Country
| Poland | USA |
Type
| Centralized | Centralized |
Languages
| English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese, Polish | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| iOS, Android | - |
Full address
| BB Trade OÜ Lasnamäe linnaosa, Lõõtsa tn 5 Tallinn 11415, Estonia, ES Registration of Entrepreneurs number: 14814864 VAT Number: EE102200164 | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
Fees
|
30 DAY VOLUME IN EUR: MAKER / TAKER 875000: 0.17% / 0.25% Full fee schedule: https://bitbay.net/en/fees |
0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
BitBay is one of the few exchanges based and originated in Poland. It offers an impressive range of crypto for trading.
|
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 2014 | Founding Date 2015 |
| Country | Country Poland | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese, Polish | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address BB Trade OÜ Lasnamäe linnaosa, Lõõtsa tn 5 Tallinn 11415, Estonia, ES Registration of Entrepreneurs number: 14814864 VAT Number: EE102200164 | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| Fees |
Fees
30 DAY VOLUME IN EUR: MAKER / TAKER 875000: 0.17% / 0.25% Full fee schedule: https://bitbay.net/en/fees |
Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
Trading
BitBay trading volume is 21,227,561.0. The exchange has 85 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not 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
| 21227561 | 81377280 |
Pairs
| 85 | 16 |
Coins
| 36 | 14 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 21227561 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 85 | Pairs 16 |
| Coins | Coins 36 | Coins 14 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Percentage | Fees Percentage |
| 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
| auth.bitbay.net | simex.global |
| @BitBay | @simexinvest |
Number of followers
| 35 | 2223 |
| Website | Website auth.bitbay.net | Website simex.global |
|---|---|---|
| Twitter @BitBay | Twitter @simexinvest | |
| Number of followers | Number of followers 35 | Number of followers 2223 |
Rating
| User rating | 1 user review | 7 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
BitBay user rating is 4.0, based on 1 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 BitBay 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. BitBay was founded in 2014 in Poland. 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 BitBay. 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.
BitBay is Centralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
BitBay has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
BitBay has 9 languages available, including English, Brazilian Portuguese, Portuguese, German, French, Spanish, Russian, Chinese and Polish. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.