Bitso – crypto exchange, which began its work in 2014. Where is Bitso located? The platform is located in Mexico, so it supports the Mexican peso (MXN). Bitso reviews such cryptocurrency pairs:
Is Bitso legit? Yes, the exchange is legit, it also has several partners: Digital Currency Group, Ripple, Veem, Bitnet, Bitpay. Thus there is no reason to suspect Bitso scam. Also on the website, you will find a tab where the work of the exchange is shown. This section shows all the planned and not planned Bitso down. The exchange’s team says if you see something like this in this section, you can be sure that the staff is working on eliminating these problems.
How to use Bitso? As usual, in order to start working with the exchange, you need to have Bitso login. To do this, you need to enter your e-mail, name, surname, country, date of birth and mobile phone number. Here you can choose account’s type: personal or business.
We continue Bitso review and turn to the question “How to buy on Bitso?”. You can use a quick buy/sell. When you make this type of purchase/sale, you take the first orders that are in the waiting queue. There is another option if you want to buy/sell cryptocurrency at a certain price. This process is longer because you have to wait until another user accepts your offer.
Now let’s talk about Bitso fees. The exchange takes payment for trade depending on the volume of trades and types of currency pairs. For example, BTC / MXN:
Also, there is a commission for some other manipulations:
Bitso limits the number of bets: if you make more than 300 queries in 5 minutes, you get a ban for 1 minute. If you receive multiple bans in a row, it can result in a 24-hour block.
Is Bitso safe?
On the website, you can find the answer to the question “Is Bitso safe?”. The exchange’s team strongly recommends to use 2FA and, of course, do not transfer the password to third parties. Also, each user has his PIN transaction code used to check withdrawal requests.
You can use Bitso wallet to store both fiat and cryptocurrencies. It is possible to convert fiat currency to cryptocurrency, to do it, you need to specify the amount of fiat that you want to transfer and the exchange will automatically pick you up a deal based on the latest market price.
For any questions, you can contact Bitso support. Also, you can watch the training videos. Bitso phone number is absent.
So let’s sum up our Bitso review 2018. What are the shortcomings of the stock exchange, and what are its advantages?
Also, we offer you Bitso alternative, if you suspect Bitso fraud or this exchange isn’t suitable for you:
- The site is convenient for business work;
- Ability to work with MXN;
- There are wallet services;
- Popular types of cryptocurrency are available.
- Relatively high commission for trade with MXN;
- There is no margin trading;
- Suitable mainly for the people of Mexico.