Compare Hotbit vs LocalBitcoins
On this page, you can compare Hotbit 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. Hotbit was founded in 2017 in China. 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.
Hotbit is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Hotbit has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
Hotbit has 6 languages available, including English, Korean, Russian, Chinese, Vietnamese and Thai.
| Company | ||
|---|---|---|
| User rating | 90 user review | 1 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 90 user review | 1 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
|
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
| 2017 | 2012 |
Country
| China | Finland |
Type
| Centralized | Centralized |
Languages
| English, Korean, Russian, Chinese, Vietnamese, Thai | No data |
Mobile app
| iOS, Android | iOS, Android |
Full address
| Central Ave Shanghai, Shanghai 200120, CN | No data |
Fees
| BTC 0.00047 Withdrawal Fee • 0.20% Taker Fee • -0.05% Maker Fee | No data |
| About |
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
|
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 2017 | Founding Date 2012 |
| Country | Country China | Country Finland |
| Type | Type Centralized | Type Centralized |
| Languages | Languages English, Korean, Russian, Chinese, Vietnamese, Thai | Languages No data |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address Central Ave Shanghai, Shanghai 200120, CN | Full address No data |
| Fees | Fees BTC 0.00047 Withdrawal Fee • 0.20% Taker Fee • -0.05% Maker Fee | Fees No data |
Trading
Hotbit trading volume is 720,191,869.0. The exchange has 675 available trading pairs. Fiat trading is 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
| 720191869 | 4800000 |
Pairs
| 675 | 103 |
Coins
| 287 | 1 |
Fiat trading
| - |
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | No Fees |
Margin
| - | - |
| Volume | Volume 720191869 | Volume 4800000 |
|---|---|---|
| Pairs | Pairs 675 | Pairs 103 |
| Coins | Coins 287 | Coins 1 |
| Fiat trading | Fiat trading | Fiat trading - |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| Fees | Fees Percentage | 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.hotbit.io | localbitcoins.com |
| @Hotbit_news | @LocalBitcoins |
Number of followers
| 3211 | 52300 |
| Website | Website www.hotbit.io | Website localbitcoins.com |
|---|---|---|
| Twitter @Hotbit_news | Twitter @LocalBitcoins | |
| Number of followers | Number of followers 3211 | Number of followers 52300 |
Rating
| User rating | 90 user review | 1 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
Hotbit user rating is 2.4, based on 90 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 Hotbit 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. Hotbit was founded in 2017 in China. 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.
Hotbit is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Hotbit has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.
Hotbit has 6 languages available, including English, Korean, Russian, Chinese, Vietnamese and Thai.