OKEx

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Ethfinex

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Bancor

by LocalCoin Ltd.

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OKEx

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Ethfinex

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Bancor

by LocalCoin Ltd.

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What problem does this service solve?

OKEx is one of the largest exchanges by trading volume. It provides hundreds of token and futures trading pairs, and has become one of the most important exchanges.Ethfinex is an exchange and community discussion platform that was created by Bitfinex, and is focused exclusively on ERC-20 tokens.Bancor is a decentralized exchange protocol that is based on a smart token that enables other tokens to be more easily exchanged.

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Company Description

OKEx is a relatively new exchange that allows cryptocurrency investors to trade a wide variety of fiat and crytpo pairs. Although it is based in China, and caters to the Chinese market, it has a platform that is easy to use in all languages, and has quickly become one of the largest exchanges, by volume, in the world. The highly secure platform provides high liquidity, and has a number of other advantages.
OKEx has a user friendly interface that can be understood by all traders, regardless of their experience. Their platform is a good option for new crypto users because it supports trading of one of the widest varieties of different cryptocurrencies. It is also a good option for professional investors and day traders. They offer high trading limits, future contracts, and a number of other trading tools, including a block explorer.
Withdrawal Fee: 0.1% with a minimum of $15
Trading Fee: 0.2%

Ethfinex is a cryptocurrency exchange focused on ERC20 compatible tokens that was created by Bitfinex. It aims to be, not only a trading platform, but also a community discussion platform for ERC20 compatible tokens and ethereum-based ICOs.

Ethfinex is a hybrid decentralized exchange. Traders can choose between trustless on-chain settlement, or high speed centralized execution. By using decentralized remote portals, users can access the Ethfinex order book without actually having to deposit their funds with Ethfinex. Ethfinex also has a robust API, remote portals, and margin trading.

Ethfinex wants to be a hub for the overall ERC20 token community. It is a good option for those looking to trade tokens, but it also a platform that can be used by Ethereum developers for their crowd-sourcing needs.

Ethfinex has a user-friendly interface but it is primarily designed for intermediate and advanced traders. It offers margin trading, a crowdfunding funding market, and an active discussion forum about ERC-20 projects. It has a wide range of order types available, including the basic market, limit and stop loss orders.

Ethfinex has a variety of security features, such as cold wallets that require multiple managers to unlock. There are also a number of automatic verification tools in place, and 2-factor authentication is encouraged for all accounts.
Ethfinex features its own token, the Nectar tokens (NEC). NEC tokens are given for free to token market makers in proportion to the volume of trades they participate in on the exchange.

Trading Fees: Tiered system depending on volume ranging from 0.1%-025%

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.

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