Bancor vs TopBTC vs Bibox
What problem does this service solve?
Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged. | TopBTC is a crypto exchange with standard offerings and conflicting user reviews. | Bibox is an AI enhanced crytpo exchange that is based in China. |
Token Stats
Not Relevant |
Company Description
Bancor is a decentralized exchange protocol that is designed to increase liquidity for Ethereum and EOS tokens. The company has been at the center of the debate about Decentralized vs Centralized Exchanges, as well as the overall need of institutions to serve as a hub for decentralized networks. Their protocol, and exchange, enable any token to hold one or other additional tokens in reserve. Bancor allows conversions between tokens on their decentralized exchange with smart tokens that increase liquidity, and establish market prices for smaller tokens. Specifically, for those that do not have large trading volumes. Bancor tokens facilitate the exchange and act as a connective tissue, and have a centralizing effect on the exchange. | TopBTC is an exchange that has received varying reviews. Although TopBTC is known for having large trading volumes, the customer support is lacking and there are a variety of dead coins being traded. The company claims to be from Australia, but unlike other crypto currencies there, it is not a member of the Australian Digital Commerce Association(ADCA). TopBTC has also had many users claim that they were unable to withdraw funds. Trading Fee: 0.2% | Bibox is an exchange based in China. The platform offers a range of currency pairs and has a native Bibox token, that gives users a 50% discount on trading fees. |