Compare Bitforex vs LetsExchange

Compare companies

On this page, you can compare Bitforex with LetsExchange. 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. Bitforex was founded in 2017 in Singapore. LetsExchange was founded in 2020 in Seychelles.

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 Bitforex. 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.

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

Bitforex has a mobile app available for iOS and Android. LetsExchange doesn't have a mobile app.

Bitforex has 4 languages available, including English, Korean, Russian and Chinese.

Company
User rating User rating 2.8 / 5 20 user review User rating 2.1 / 5 10 user review
Cryptogeek rating Cryptogeek rating 4.2 / 5 Cryptogeek rating 4.2 / 5
Trust Score How it works Trust Score 3.8 / 5 Trust Score 3.17 / 5

User rating

2.8 / 5 20 user review 2.1 / 5 10 user review

Cryptogeek rating

4.2 / 5 4.2 / 5

Trust Score

How it works
3.8 / 5 3.17 / 5

About

BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
LetsExchange offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.

Founding Date

2017 2020

Country

Singapore Seychelles

Type

Centralized Centralized

Languages

English, Korean, Russian, Chinese No data

Mobile app

iOS, Android -

Full address

Hong Kong (The exchange does not disclose the exact location of its office) No data

Fees

Maker
• Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell.
Taker
• Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book.
Spot
• Maker fees: 0.1%
• Taker fees: 0.1%
Perpetual
BTC & ETH
• Maker fees: 0.04%
• Taker fees: 0.06%
Others
• Maker fee: 0.06%
• Taker fee: 0.06%
MT5
A commission is a fee charged by a trader for buying or selling a product.
• Forex/Commodity/Metal/Index commission: 10 USD / Per Lot
• Cryptocurrency commission: 0.08% per trade
No data
About
BitForex is part of a galaxy of new crypto exchanges that appeared after the explosive growth of interest in crypto assets in 2017. A trading platform was registered in Singapore, focused on the Asian and Western markets. At the moment the exchange offers 300+ coins, the ability to trade with futures, 9 languages of the interface, etc. The turnover of the exchange is about $661.457.759 according to coinmarketcup at the moment.
LetsExchange offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, and many other digital assets with minimal slippage.
Founding Date Founding Date 2017 Founding Date 2020
Country Country Singapore Country Seychelles
Type Type Centralized Type Centralized
Languages Languages English, Korean, Russian, Chinese Languages No data
Mobile app Mobile app iOS, Android Mobile app -
Full address Full address Hong Kong (The exchange does not disclose the exact location of its office) Full address No data
Fees Fees Maker
• Maker fees are paid when you add liquidity to our order book by placing a limit order below the ticker price for buy, and above the ticker price for sell.
Taker
• Taker fees are paid when you remove liquidity from our order book by placing any order that is executed against an order on the order book.
Spot
• Maker fees: 0.1%
• Taker fees: 0.1%
Perpetual
BTC & ETH
• Maker fees: 0.04%
• Taker fees: 0.06%
Others
• Maker fee: 0.06%
• Taker fee: 0.06%
MT5
A commission is a fee charged by a trader for buying or selling a product.
• Forex/Commodity/Metal/Index commission: 10 USD / Per Lot
• Cryptocurrency commission: 0.08% per trade
Fees No data

Trading

Bitforex trading volume is 780,602,851.0. The exchange has 291 available trading pairs. Fiat trading is not available on the exchange. Margin trading is available.

LetsExchange trading volume is 0. The exchange has 40000 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

780602851 0

Pairs

291 40000

Coins

125 200

Fiat trading

- -

Deposit

Free Free

Fees

Percentage Transaction Mining

Margin

-
Volume Volume 780602851 Volume 0
Pairs Pairs 291 Pairs 40000
Coins Coins 125 Coins 200
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free Deposit Free
Fees Fees Percentage Fees Transaction Mining
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

www.bitforex.com letsexchange.io

Twitter

@bitforexcom @letsexchange_io

Number of followers

26351 6200
Website Website www.bitforex.com Website letsexchange.io
Twitter Twitter @bitforexcom Twitter @letsexchange_io
Number of followers Number of followers 26351 Number of followers 6200

Rating

User rating User rating 2.8 / 5 20 user review User rating 2.1 / 5 10 user review
Cryptogeek rating Cryptogeek rating 4.2 / 5 Cryptogeek rating 4.2 / 5

Cryptogeek summary

Bitforex user rating is 2.8, based on 20 user reviews. LetsExchange user rating is 2.1, 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?
logo-img
Trust Score: 3.8 / 5
Compare with:
Write review
Trust Score: 3.17 / 5
Compare with:
Write review

On this page, you can compare Bitforex with LetsExchange. 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. Bitforex was founded in 2017 in Singapore. LetsExchange was founded in 2020 in Seychelles.

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 Bitforex. 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.

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

Bitforex has a mobile app available for iOS and Android. LetsExchange doesn't have a mobile app.

Bitforex has 4 languages available, including English, Korean, Russian and Chinese.