Compare Bitbank vs IDAX

Compare companies

On this page, you can compare Bitbank with IDAX. 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. Bitbank was founded in 2014 in Japan. IDAX was founded in 2017 in Mongolia.

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 Bitbank. 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.

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

Bitbank has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.

Bitbank has 2 languages available, including English and Japanese. IDAX has 3 languages available, including English, Korean and Chinese.

Company
User rating User rating 1.9 / 5 11 user review User rating 3 / 5 38 user review
Cryptogeek rating Cryptogeek rating 4.4 / 5 Cryptogeek rating 1 / 5
Trust Score How it works Trust Score 3.51 / 5 Trust Score 3.12 / 5

User rating

1.9 / 5 11 user review 3 / 5 38 user review

Cryptogeek rating

4.4 / 5 1 / 5

Trust Score

How it works
3.51 / 5 3.12 / 5

About

Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.

Founding Date

2014 2017

Country

Japan Mongolia

Type

Centralized Centralized

Languages

English, Japanese English, Korean, Chinese

Mobile app

iOS, Android iOS, Android

Full address

Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia

Fees

Bitbank charges 0.12% for takers and -0.02% for makers Fee for trading:
0.2% trading fee

Withdrawal fees:
https://www.idax.mn/#/fee
About
Bitbank is one of the leading cryptocurrency exchanges targeting the residents of Japan. The exchange tab of the website is not available in languages other than Japanese and those who want to register on Bitbank from overseas have to pay $100 commission. Nevertheless, for those in Japan, this platform is quite convenient as it collects no deposit and trading fees (it’s relevant only for Makers) and has some other nice features.
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
Founding Date Founding Date 2014 Founding Date 2017
Country Country Japan Country Mongolia
Type Type Centralized Type Centralized
Languages Languages English, Japanese Languages English, Korean, Chinese
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia
Fees Fees Bitbank charges 0.12% for takers and -0.02% for makers Fees Fee for trading:
0.2% trading fee

Withdrawal fees:
https://www.idax.mn/#/fee

Trading

Bitbank trading volume is 27,517,216.0. The exchange has 7 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

IDAX trading volume is 1,178,556,765.0. The exchange has 263 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

27517216 1178556765

Pairs

7 263

Coins

7 137

Fiat trading

- -

Deposit

Free No data

Fees

Percentage Percentage

Margin

- -
Volume Volume 27517216 Volume 1178556765
Pairs Pairs 7 Pairs 263
Coins Coins 7 Coins 137
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free Deposit No data
Fees Fees Percentage Fees Percentage
Margin Margin - Margin -

Safety

Two factor authentication

Verified

Unverified -
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Unverified Verified -

Social

Website

bitbank.cc www.idax.pro

Twitter

@bitbank_inc @IDAXpro

Number of followers

25306 8884
Website Website bitbank.cc Website www.idax.pro
Twitter Twitter @bitbank_inc Twitter @IDAXpro
Number of followers Number of followers 25306 Number of followers 8884

Rating

User rating User rating 1.9 / 5 11 user review User rating 3 / 5 38 user review
Cryptogeek rating Cryptogeek rating 4.4 / 5 Cryptogeek rating 1 / 5

Cryptogeek summary

Bitbank user rating is 1.9, based on 11 user reviews. IDAX user rating is 3, based on 38 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?
logo-img
Trust Score: 3.51 / 5
Compare with:
Write review
Trust Score: 3.12 / 5
Compare with:
Write review

On this page, you can compare Bitbank with IDAX. 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. Bitbank was founded in 2014 in Japan. IDAX was founded in 2017 in Mongolia.

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 Bitbank. 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.

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

Bitbank has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.

Bitbank has 2 languages available, including English and Japanese. IDAX has 3 languages available, including English, Korean and Chinese.