Compare Allcoin vs Bitforex

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On this page, you can compare Allcoin with Bitforex. 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. Allcoin was founded in 2014 in Canada. Bitforex was founded in 2017 in Singapore.

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 Allcoin. 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.

Allcoin is Centralized and Bitforex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Allcoin doesn't have a mobile app. Bitforex has a mobile app available for iOS and Android.

Allcoin has 2 languages available, including English and Chinese. Bitforex has 4 languages available, including English, Korean, Russian and Chinese.

Company
User rating User rating 4.3 / 5 12 user review User rating 2.8 / 5 20 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 3.91 / 5 Trust Score 3.8 / 5

User rating

4.3 / 5 12 user review 2.8 / 5 20 user review

Cryptogeek rating

4 / 5 4.2 / 5

Trust Score

How it works
3.91 / 5 3.8 / 5

About

Allcoin is a Centralized cryptocurrency exchange based in Canada. The exchange was launched in 2013. Allcoin has 59 available trading pairs and 25 coins. Deposits are Free on the exchange. Margin trading option is not available. It supports trading of Bitcoin, Ether and its own equity coin Qtum against the USD. Like many other not regulated exchange Allcoin isn’t allowed in some countries like Africa, South America and the USA. The Allcoin’s strongest point is its trading fees for takes, which is claimed to be 0.00%.
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.

Founding Date

2014 2017

Country

Canada Singapore

Type

Centralized Centralized

Languages

English, Chinese English, Korean, Russian, Chinese

Mobile app

- iOS, Android

Full address

No data Hong Kong (The exchange does not disclose the exact location of its office)

Fees

No data 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
About
Allcoin is a Centralized cryptocurrency exchange based in Canada. The exchange was launched in 2013. Allcoin has 59 available trading pairs and 25 coins. Deposits are Free on the exchange. Margin trading option is not available. It supports trading of Bitcoin, Ether and its own equity coin Qtum against the USD. Like many other not regulated exchange Allcoin isn’t allowed in some countries like Africa, South America and the USA. The Allcoin’s strongest point is its trading fees for takes, which is claimed to be 0.00%.
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.
Founding Date Founding Date 2014 Founding Date 2017
Country Country Canada Country Singapore
Type Type Centralized Type Centralized
Languages Languages English, Chinese Languages English, Korean, Russian, Chinese
Mobile app Mobile app - Mobile app iOS, Android
Full address Full address No data Full address Hong Kong (The exchange does not disclose the exact location of its office)
Fees Fees No data 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

Trading

Allcoin trading volume is 167.0. The exchange has 59 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

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.

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

167 780602851

Pairs

59 291

Coins

25 125

Fiat trading

- -

Deposit

Free Free

Fees

Percentage Percentage

Margin

-
Volume Volume 167 Volume 780602851
Pairs Pairs 59 Pairs 291
Coins Coins 25 Coins 125
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free 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

www.allcoin.ca www.bitforex.com

Twitter

@AllCoinEx @bitforexcom

Number of followers

23981 26351
Website Website www.allcoin.ca Website www.bitforex.com
Twitter Twitter @AllCoinEx Twitter @bitforexcom
Number of followers Number of followers 23981 Number of followers 26351

Rating

User rating User rating 4.3 / 5 12 user review User rating 2.8 / 5 20 user review
Cryptogeek rating Cryptogeek rating 4 / 5 Cryptogeek rating 4.2 / 5

Cryptogeek summary

Allcoin user rating is 4.3, based on 12 user reviews. Bitforex user rating is 2.8, based on 20 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: 3.91 / 5
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Trust Score: 3.8 / 5
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On this page, you can compare Allcoin with Bitforex. 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. Allcoin was founded in 2014 in Canada. Bitforex was founded in 2017 in Singapore.

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 Allcoin. 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.

Allcoin is Centralized and Bitforex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Allcoin doesn't have a mobile app. Bitforex has a mobile app available for iOS and Android.

Allcoin has 2 languages available, including English and Chinese. Bitforex has 4 languages available, including English, Korean, Russian and Chinese.