Compare Allbit vs IDAX
On this page, you can compare Allbit 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. Allbit was founded in 2018 in South Korea. 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 IDAX. 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.
Allbit is Decentralized and IDAX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Allbit has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.
Allbit has 3 languages available, including English, Spanish and Korean. IDAX has 3 languages available, including English, Korean and Chinese.
| Company | ||
|---|---|---|
| User rating | 13 user review | 38 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 13 user review | 38 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Allbit is one of the Decentralized cryptocurrency exchanges based in South Korea. The exchange was launched in 2018. According to the exchange website it’s got a big liquidity volume which is about 20 millions $ for 2019. Allbit has 24 available trading pairs and 19 coins. Allbit declares that it supports a special decentralized network system. It’s called “decentralized heterogeneous chain communication technology”.
|
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
| 2018 | 2017 |
Country
| South Korea | Mongolia |
Type
| Decentralized | Centralized |
Languages
| English, Spanish, Korean | English, Korean, Chinese |
Mobile app
| iOS, Android | iOS, Android |
Full address
| No data | 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia |
Fees
| No data |
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
| About |
Allbit is one of the Decentralized cryptocurrency exchanges based in South Korea. The exchange was launched in 2018. According to the exchange website it’s got a big liquidity volume which is about 20 millions $ for 2019. Allbit has 24 available trading pairs and 19 coins. Allbit declares that it supports a special decentralized network system. It’s called “decentralized heterogeneous chain communication technology”.
|
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 2018 | Founding Date 2017 |
| Country | Country South Korea | Country Mongolia |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English, Spanish, Korean | Languages English, Korean, Chinese |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address No data | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia |
| Fees | Fees No data |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Trading
Allbit trading volume is 7,641.0. The exchange has 24 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
| 7641 | 1178556765 |
Pairs
| 24 | 263 |
Coins
| 19 | 137 |
Fiat trading
| - | - |
Deposit
| Free | No data |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 7641 | Volume 1178556765 |
|---|---|---|
| Pairs | Pairs 24 | Pairs 263 |
| Coins | Coins 19 | 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
| allbit.com | www.idax.pro |
| @allbitofficial | @IDAXpro |
Number of followers
| 343 | 8884 |
| Website | Website allbit.com | Website www.idax.pro |
|---|---|---|
| Twitter @allbitofficial | Twitter @IDAXpro | |
| Number of followers | Number of followers 343 | Number of followers 8884 |
Rating
| User rating | 13 user review | 38 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Allbit user rating is 4.3, based on 13 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? |
On this page, you can compare Allbit 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. Allbit was founded in 2018 in South Korea. 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 IDAX. 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.
Allbit is Decentralized and IDAX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Allbit has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.
Allbit has 3 languages available, including English, Spanish and Korean. IDAX has 3 languages available, including English, Korean and Chinese.