When selecting a cryptocurrency exchange, it's essential to make an informed decision based on reliability, trading features, security, and user experience. In this detailed comparison, we examine Bitexbook Exchange and Trade Satoshi, evaluating their performance across key criteria to help you determine which platform better suits your trading needs in 2025.
While both platforms have existed in the crypto space, their current statuses, operational transparency, and user trust levels differ significantly. Let’s dive into a structured analysis of each exchange.
Overview: Founding, Location, and Type
Understanding the background of an exchange provides insight into its legitimacy and operational stability.
- Trade Satoshi was established in 2016 and operated out of the United Kingdom. It functioned as a centralized exchange, supporting trading in over 100 cryptocurrencies across 528 trading pairs.
- Bitexbook Exchange lacks publicly available data on its founding date and headquarters. The platform claims to be based in St. Vincent and the Grenadines, a jurisdiction known for lighter regulatory oversight.
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A longer market presence often correlates with greater reliability. Trade Satoshi had nearly four years of operation before its closure—giving it a more established track record compared to Bitexbook, which shows minimal verifiable information.
Current Status: Is the Exchange Still Active?
This is a critical factor often overlooked by new traders.
- Trade Satoshi officially shut down in March 2020. The team announced the closure in February 2020, allowing users a 10-day window to withdraw their funds before permanently closing the platform.
- Bitexbook Exchange appears to still be online, but red flags exist. It reports zero trading volume and offers no active trading pairs, raising serious concerns about its operational status and liquidity.
An exchange with no trading activity is functionally unusable for real trading purposes. Even if the site remains accessible, lack of volume suggests abandonment or technical failure.
Given this, neither platform is viable for active trading today—but for different reasons.
Trading Features and Performance
Let’s evaluate the exchanges based on key trading metrics.
Trading Volume and Pairs
| Metric | Bitexbook Exchange | Trade Satoshi (Historical) |
|---|---|---|
| Trading Volume | 0 | $104,069 |
| Available Trading Pairs | 0 | 528 |
| Supported Coins | 0 | 101 |
| Fiat Trading | Not available | Not available |
| Margin Trading | Not available | Not available |
Trade Satoshi offered substantial trading opportunities with hundreds of altcoin pairs—ideal for experienced traders seeking diversity. In contrast, Bitexbook reports no volume, no pairs, and no coin support, making it non-functional.
More trading pairs increase flexibility but require robust infrastructure. Trade Satoshi managed this well during its operation.
Fees and Deposits
Neither platform provides clear fee structures in available records:
- Bitexbook: No data on deposit or trading fees.
- Trade Satoshi: Previously offered free deposits with percentage-based trading fees.
Transparency in pricing is crucial. Hidden or unclear fees can erode profits over time.
Security and Verification
Security remains one of the most important considerations when choosing an exchange.
Two-Factor Authentication (2FA)
- Bitexbook Exchange: No evidence of 2FA support.
- Trade Satoshi: Supported 2FA during operation—a positive security feature.
Verification Status
- Bitexbook: Listed as unverified by third-party evaluators.
- Trade Satoshi: Also marked as unverified, though it had a more transparent operational history.
Both platforms lacked full regulatory verification, increasing risk for users. However, Trade Satoshi implemented cold wallet storage for funds—a best practice in crypto security.
User Experience and Accessibility
Mobile App Availability
Neither Bitexbook nor Trade Satoshi ever launched a dedicated mobile application. This limits convenience for traders who prefer managing portfolios on the go.
Language Support
- Bitexbook: No confirmed language availability.
- Trade Satoshi: Offered full support in English only.
Limited language options may hinder global accessibility, though English remains the dominant language in crypto trading.
Social Presence and Trust Metrics
Public engagement and transparency contribute significantly to trustworthiness.
| Metric | Bitexbook Exchange | Trade Satoshi |
|---|---|---|
| Official Website | bitexbook.com | tradesatoshi.com (defunct) |
| Twitter Presence | No data | @TradeSatoshi |
| Twitter Followers | 0 | ~29,000 |
Trade Satoshi maintained an active social media presence before shutdown, engaging with a community of nearly 30,000 followers. Bitexbook shows no detectable social footprint—another warning sign.
Trust Score and User Ratings
Third-party evaluations offer additional perspective.
User Ratings
- Bitexbook Exchange: 1 out of 5 stars (based on 2 reviews)
- Trade Satoshi: 5 out of 5 stars (based on 1 review)
While sample sizes are small, the extremely low rating for Bitexbook reflects user dissatisfaction.
Cryptogeek Trust Score
- Bitexbook: 1.49 / 5
- Trade Satoshi: 3.51 / 5
The Trust Score considers factors like longevity, security, transparency, and user feedback. Trade Satoshi scores higher due to its functional history and clearer operations—even though it is now closed.
Frequently Asked Questions (FAQ)
Q: Is Bitexbook Exchange still operational?
A: While the website may still be online, Bitexbook shows zero trading volume and no active trading pairs, indicating it is likely non-functional or abandoned.
Q: Did Trade Satoshi shut down?
A: Yes. Trade Satoshi announced its closure in February 2020 and ceased operations by March 1, 2020. Users were given 10 days to withdraw funds.
Q: Which exchange had better security?
A: Trade Satoshi supported two-factor authentication and used cold wallets for fund storage—offering stronger security than Bitexbook, which lacks verified protective measures.
Q: Can I trade fiat on either platform?
A: No. Neither exchange supported fiat-to-crypto trading during their operation.
Q: Why does Bitexbook have such a low Trust Score?
A: Due to missing foundational data (founding date, location), zero trading activity, no mobile app, lack of social presence, and poor user ratings.
Q: Are there any alternatives to these exchanges?
A: Yes. Numerous reliable platforms offer advanced features, high liquidity, and strong security protocols. Choosing a well-established exchange is recommended.
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Final Verdict: Which One Should You Use?
Based on all available data:
❌ Bitexbook Exchange is not recommended. It lacks transparency, shows no trading activity, has poor user ratings, and offers no functional advantages.
⚠️ Trade Satoshi, while better in historical performance and user trust, is no longer active and cannot be used for trading.
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Ultimately, neither platform is suitable for current use. Traders should consider modern, secure, and transparent alternatives that offer real liquidity, regulatory compliance, mobile access, and strong customer support.
For those seeking reliable performance and broad market access in 2025, prioritizing platforms with proven track records, active development, and comprehensive security is essential.