BitStamp vs UNUS SED LEO vs CoinsBank
What problem does this service solve?
Bitstamp is one of the oldest and most established crypto exchanges. It was originally based in Slovenia and is geared towards the European market. | UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. | Coinsbank is a cryptocurrency platform that offers a wallet, payment services, and an exchange. |
Token Stats
Not Relevant | Not Relevant |
Company Description
Bitstamp is one of the most popular fiat to Bitcoin exchanges. It was one of the first big exchanges and it provides customers with a platform that is secure and easy to use. It was originally started in Slovenia but has moved its' operations to Luxembourg. | UNUS SED LEO is an initiative started by Bitfinex that is focused on increasing the exchange's transparency. UNUS SED LEO means "one, but it's a lion" in Latin. The iniatative was created to increase the transparency of the exchange's finances, following a controversy related to the allocation of reserves from the stablecoin Tether, that was created by the same parent company as the Bitfinex exchange, iFinex. It is built around a token burning redemption mechanism which is tied to the parent company's revenues. Their dashboard provides insights into the fees that are collected, and the LEO tokens that are burned. | CoinsBank is a cryptocurrency platform that offers several services, including: a wallet, payment services, and exchange. CoinsBank was formerly known as BIT-X, but underwent a re-branding effort in 2016. The company operates in Scotland but is registered in Belize. Trading Fee: 0.5% The fees are significantly higher than other exchanges. |