On this page, you can compare Bitfinex 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. Bitfinex was founded in 2012 in British Virgin Islands. 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 Bitfinex. 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.
Bitfinex is Centralized and IDAX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitfinex has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.
Bitfinex has 5 languages available, including English, Russian, Traditional Chinese, Simplified Chinese and Turkish. 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 |
13 user review | 38 user review |
Bitfinex is one of the largest exchanges in terms of daily trading volumes and overall recognition. It was founded in 2012 and it is based in Hong Kong. 72 trading pairs are currently available on the platform. The pairs are linked to the four currencies including USD, EUR, BTC and ETH.
|
IDAX was established in December 2017 and it is currently the only operating Mongolian cryptocurrency exchange. In 2019 the exchange was shut down.
|
2012 | 2017 |
British Virgin Islands | Mongolia |
Centralized | Centralized |
English, Russian, Traditional Chinese, Simplified Chinese, Turkish | English, Korean, Chinese |
iOS, Android | iOS, Android |
Taipei (HQ) Taiwan, Province of China 17F-1, No. 266, Sec. 1, Wenhua Rd., Banqiao Dist. | 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia |
EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES TAKER DISCOUNT LEO HOLDERS $0.00 or more traded 0.100% 0.200% up to -(25.000% + 6bps) $500,000.00 or more traded 0.080% 0.200% up to -(25.000% + 6bps) $1,000,000.00 or more traded 0.060% 0.200% up to -(25.000% + 6bps) $2,500,000.00 or more traded 0.040% 0.200% up to -(25.000% + 6bps) $5,000,000.00 or more traded 0.020% 0.200% up to -(25.000% + 6bps) $7,500,000.00 or more traded 0.000% 0.200% up to -(25.000% + 6bps) $10,000,000.00 or more traded 0.000% 0.180% up to -(25.000% + 6bps) $15,000,000.00 or more traded 0.000% 0.160% up to -(25.000% + 6bps) $20,000,000.00 or more traded 0.000% 0.140% up to -(25.000% + 6bps) $25,000,000.00 or more traded 0.000% 0.120% up to -(25.000% + 6bps) $30,000,000.00 or more traded 0.000% 0.100% up to -(25.000% + 6bps) $300,000,000.00 or more traded 0.000% 0.090% up to -(25.000% + 6bps) $1,000,000,000.00 or more traded 0.000% 0.085% up to -(25.000% + 6bps) $3,000,000,000.00 or more traded 0.000% 0.075% up to -(25.000% + 6bps) $10,000,000,000.00 or more traded 0.000% 0.060% up to -(25.000% + 6bps) $30,000,000,000.00 or more traded 0.000% 0.055% up to -(25.000% + 6bps) Full fee schedule: https://www.bitfinex.com/fees |
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
About |
Bitfinex is one of the largest exchanges in terms of daily trading volumes and overall recognition. It was founded in 2012 and it is based in Hong Kong. 72 trading pairs are currently available on the platform. The pairs are linked to the four currencies including USD, EUR, BTC and ETH.
|
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 2012 | Founding Date 2017 |
Country | Country British Virgin Islands | Country Mongolia |
Type | Type Centralized | Type Centralized |
Languages | Languages English, Russian, Traditional Chinese, Simplified Chinese, Turkish | Languages English, Korean, Chinese |
Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
Full address | Full address Taipei (HQ) Taiwan, Province of China 17F-1, No. 266, Sec. 1, Wenhua Rd., Banqiao Dist. | Full address 26 district Sunny town 830 Apartment3_293v, 661 Ulaanbaatar, Mongolia |
Fees |
Fees
EXECUTED IN THE LAST 30 DAYS (USD EQUIVALENT) MAKER FEES TAKER FEES TAKER DISCOUNT LEO HOLDERS $0.00 or more traded 0.100% 0.200% up to -(25.000% + 6bps) $500,000.00 or more traded 0.080% 0.200% up to -(25.000% + 6bps) $1,000,000.00 or more traded 0.060% 0.200% up to -(25.000% + 6bps) $2,500,000.00 or more traded 0.040% 0.200% up to -(25.000% + 6bps) $5,000,000.00 or more traded 0.020% 0.200% up to -(25.000% + 6bps) $7,500,000.00 or more traded 0.000% 0.200% up to -(25.000% + 6bps) $10,000,000.00 or more traded 0.000% 0.180% up to -(25.000% + 6bps) $15,000,000.00 or more traded 0.000% 0.160% up to -(25.000% + 6bps) $20,000,000.00 or more traded 0.000% 0.140% up to -(25.000% + 6bps) $25,000,000.00 or more traded 0.000% 0.120% up to -(25.000% + 6bps) $30,000,000.00 or more traded 0.000% 0.100% up to -(25.000% + 6bps) $300,000,000.00 or more traded 0.000% 0.090% up to -(25.000% + 6bps) $1,000,000,000.00 or more traded 0.000% 0.085% up to -(25.000% + 6bps) $3,000,000,000.00 or more traded 0.000% 0.075% up to -(25.000% + 6bps) $10,000,000,000.00 or more traded 0.000% 0.060% up to -(25.000% + 6bps) $30,000,000,000.00 or more traded 0.000% 0.055% up to -(25.000% + 6bps) Full fee schedule: https://www.bitfinex.com/fees |
Fees
Fee for trading: 0.2% trading fee Withdrawal fees: https://www.idax.mn/#/fee |
Bitfinex trading volume is 97,079,338.0. The exchange has 304 available trading pairs. Fiat trading is not available on the exchange. Margin trading is 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.
97079338 | 1178556765 |
304 | 263 |
53 | 137 |
- | - |
Percentage | No data |
Percentage | Percentage |
- |
Volume | Volume 97079338 | Volume 1178556765 |
---|---|---|
Pairs | Pairs 304 | Pairs 263 |
Coins | Coins 53 | Coins 137 |
Fiat trading | Fiat trading - | Fiat trading - |
Deposit | Deposit Percentage | Deposit No data |
Fees | Fees Percentage | Fees Percentage |
Margin | Margin | Margin - |
Verified | - |
Two factor authentication | Two factor authentication | Two factor authentication |
---|---|---|
Verified | Verified Verified | Verified - |
www.bitfinex.com | www.idax.pro |
@bitfinex | @IDAXpro |
509062 | 8884 |
Website | Website www.bitfinex.com | Website www.idax.pro |
---|---|---|
Twitter @bitfinex | Twitter @IDAXpro | |
Number of followers | Number of followers 509062 | Number of followers 8884 |
User rating | 13 user review | 38 user review |
---|---|---|
Cryptogeek rating |
Bitfinex user rating is 4.1, 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 Bitfinex 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. Bitfinex was founded in 2012 in British Virgin Islands. 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 Bitfinex. 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.
Bitfinex is Centralized and IDAX is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Bitfinex has a mobile app available for iOS and Android. IDAX has a mobile app available for iOS and Android.
Bitfinex has 5 languages available, including English, Russian, Traditional Chinese, Simplified Chinese and Turkish. IDAX has 3 languages available, including English, Korean and Chinese.