Compare Coinbit vs LocalBitcoins
On this page, you can compare Coinbit with LocalBitcoins. 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. Coinbit was founded in 2018 in South Korea. LocalBitcoins was founded in 2012 in Finland.
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 LocalBitcoins. 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.
Coinbit is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbit has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
Coinbit has 3 languages available, including English, Korean and Vietnamese.
| Company | ||
|---|---|---|
| User rating | 1 user review | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 1 user review | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
Founding Date
| 2018 | 2012 |
Country
| South Korea | Finland |
Type
| Centralized | Centralized |
Languages
| English, Korean, Vietnamese | No data |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | No data |
Fees
| No data | No data |
| About |
Coinbit exchange was established in South Korea in 2018 and is mainly focused on the national market. Coinbit provides trading with crypto assets paired against Korean Won, BTC, ETH and USDT.
|
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
|
|---|---|---|
| Founding Date | Founding Date 2018 | Founding Date 2012 |
| Country | Country South Korea | Country Finland |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Vietnamese | Languages No data |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address No data |
| Fees | Fees No data | Fees No data |
Trading
Coinbit trading volume is 43,641,047.0. The exchange has 55 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 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
| 43641047 | 4800000 |
Pairs
| 55 | 103 |
Coins
| 58 | 1 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Depends on currency and volume |
Fees
| Transaction Mining | No Fees |
Margin
| - | - |
| Volume | Volume 43641047 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 55 | Pairs 103 |
| Coins | Coins 58 | Coins 1 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Depends on currency and volume |
| Fees | Fees Transaction Mining | Fees No Fees |
| 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.coinbit.co.kr | localbitcoins.com |
| @coinbit_coinbit | @LocalBitcoins |
Number of followers
| 12500 | 52300 |
| Website | Website www.coinbit.co.kr | Website localbitcoins.com |
|---|---|---|
| Twitter @coinbit_coinbit | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 12500 | Number of followers 52300 |
Rating
| User rating | 1 user review | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Coinbit user rating is 4, based on 1 user reviews. LocalBitcoins user rating is 3, based on 1 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 Coinbit with LocalBitcoins. 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. Coinbit was founded in 2018 in South Korea. LocalBitcoins was founded in 2012 in Finland.
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 LocalBitcoins. 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.
Coinbit is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbit has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
Coinbit has 3 languages available, including English, Korean and Vietnamese.