Compare Bitbank vs itBit
On this page, you can compare Bitbank with itBit. 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. itBit was founded in 2013 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 itBit. 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 itBit 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. itBit doesn't have a mobile app.
Bitbank has 2 languages available, including English and Japanese. itBit has 1 language available, which is English.
| Company | ||
|---|---|---|
| User rating | 11 user review | 10 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 11 user review | 10 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
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.
|
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
|
Founding Date
| 2014 | 2013 |
Country
| Japan | USA |
Type
| Centralized | Centralized |
Languages
| English, Japanese | English |
Mobile app
| iOS, Android | - |
Full address
| Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 | ItBit, New York, U.S.A |
Fees
| Bitbank charges 0.12% for takers and -0.02% for makers |
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
| 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.
|
itBit is a strongly regulated financial platform based in New York City. The company has an international office in Singapore. itBit was founded in 2013. It serves as an exchange of digital assets providing the opportunity to trade such cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Stellar Lumens, and Binance USD (BUSD), Paxos Standard (PAX), and PAX Gold (PAXG).
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2013 |
| Country | Country Japan | Country USA |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Japanese | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address Bit Bank Corporation KDX Nishi Gotanda Building 7F 20 - 9 Nishi Gotanda Shinagawa-ku, Tokyo141-0031 | Full address ItBit, New York, U.S.A |
| Fees | Fees Bitbank charges 0.12% for takers and -0.02% for makers |
Fees
Maker: 0% Taker: BTC 0-2500 : 0.20% BTC 2500+ : Special Low Fees |
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.
itBit trading volume is 2,972,177.0. The exchange has 3 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 | 2972177 |
Pairs
| 7 | 3 |
Coins
| 7 | 4 |
Fiat trading
| - | - |
Deposit
| Free | Free |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 27517216 | Volume 2972177 |
|---|---|---|
| Pairs | Pairs 7 | Pairs 3 |
| Coins | Coins 7 | Coins 4 |
| 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 | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Verified |
Social
Website
| bitbank.cc | www.itbit.com |
| @bitbank_inc | @itBit |
Number of followers
| 25306 | 7811 |
| Website | Website bitbank.cc | Website www.itbit.com |
|---|---|---|
| Twitter @bitbank_inc | Twitter @itBit | |
| Number of followers | Number of followers 25306 | Number of followers 7811 |
Rating
| User rating | 11 user review | 10 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Bitbank user rating is 1.9, based on 11 user reviews. itBit user rating is 3.4, based on 10 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 Bitbank with itBit. 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. itBit was founded in 2013 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 itBit. 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 itBit 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. itBit doesn't have a mobile app.
Bitbank has 2 languages available, including English and Japanese. itBit has 1 language available, which is English.