Comparison of Bingx vs Remitano [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bingx vs Remitano comparison!

Your expert: Alejandro Borja

Bingx

Your expert: Xavier Tarrasó

Remitano

Main points

Fees

0,10%

Earns

Yes

Customer service

4/5

P2P: 1%

Fees

Yes

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.0 – Competitive fees with additional benefits for social trading features.

3.8 – Reasonable fees with strong local support in various regions.

Level

0,10%

P2P: 1%

Brief explanation

BingX offers a competitive and transparent fee structure that is designed to accommodate both occasional and frequent traders. The platform charges a trading fee for each transaction, which is broken down into maker and taker fees. These fees are competitively set to encourage trading activities while ensuring the platform can maintain high-quality services. The trading fees on BingX are tiered based on the user’s trading volume, which means that the more you trade, the lower your fees can be. This system is particularly advantageous for active traders who can benefit from significantly reduced costs as their trading activity increases. Additionally, BingX charges withdrawal fees that vary depending on the type of cryptocurrency being withdrawn, aligning with the network fees of each blockchain. Overall, BingX’s commission structure is built to support both new entrants to the crypto market and seasoned traders, ensuring transparency and fairness in every transaction.

Remitano’s commission structure is designed to be transparent and competitive within the cryptocurrency exchange market. The platform primarily charges a flat fee on transactions, which is relatively lower than many other exchanges. This fee applies to both the buying and selling sides of a trade, making it easy for users to understand and calculate their trading costs upfront. For withdrawals, Remitano also imposes a fee that varies depending on the cryptocurrency being withdrawn. These fees are generally in line with or slightly above the industry average but are considered reasonable given the level of security and user support provided by the platform. This approach ensures that traders can manage their investments efficiently without worrying about hidden costs or overly high fees that could eat into their profits. Overall, Remitano’s fee structure is designed to be fair, encouraging active trading while providing necessary platform support and security.

Bingx

Security Methods: BingX implements stringent security protocols, including two-factor authentication, cold storage of assets, and encryption technologies. These measures ensure a high level of protection for user funds and personal information, making it a trustworthy platform for trading cryptocurrencies.
Reputation and Reviews: BingX has built a solid reputation within the crypto community, backed by positive user reviews and ratings. The platform's commitment to user satisfaction and continuous improvement has garnered trust and loyalty among its users.
Transparency: BingX operates with a high degree of transparency, providing clear information about its operations, fee structure, and trading processes. This openness is crucial in building trust with users and differentiates BingX from other exchanges that might not be as forthcoming.
Trading Volume and Liquidity: The exchange boasts significant trading volume and liquidity, ensuring that trades can be executed quickly and at stable prices. High liquidity not only enhances the user experience but also establishes BingX as a reliable exchange for handling large volumes of trades efficiently.
Customer Service: Despite some delays, BingX's dedication to providing helpful and responsive customer service contributes to its trustworthiness. The platform's efforts to improve response times and expand its support capabilities demonstrate a commitment to user support, crucial for trust and reliability in the fast-paced crypto market.

Remitano

Reputation and Reviews: Remitano has built a strong reputation in the crypto community for being reliable and user-friendly, with numerous positive reviews from users around the globe emphasizing its ease of use and responsive customer support.
Security Methods: The platform employs robust security measures including two-factor authentication (2FA), encrypted servers, and an escrow system for transactions, ensuring that both the funds and data of the users are protected against unauthorized access.
Customer Service: Remitano offers 24/7 customer support, which is crucial for resolving issues promptly and ensuring a smooth trading experience for all users. This is especially important in the fast-paced world of cryptocurrency trading.
Trading Volume and Liquidity: Remitano maintains a healthy trading volume that ensures liquidity, making it easier for users to enter and exit positions. This is a vital factor for traders who need to execute trades quickly at their desired prices.
Transparency: The platform is known for its transparent fee structure, with no hidden charges. This transparency builds trust among its users, as they can trade knowing exactly what fees to expect without any surprises.

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Account Minimum

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Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

BingX Trading

Babylon Solutions Limited

Regulation

Not regulated

Year founded

2018

2016

Founder

Elvisco Carrington

Unknown

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

Bingx	FEATURES	Remitano
The minimum trade size is accessible for beginners, allowing small investments to start trading.	Minimum Trade	Remitano offers a relatively low minimum trade amount, making it accessible for beginners and those looking to trade small amounts.
Competitive fees compared to industry standards, making it economical for frequent trading.	Trading and Transaction Fees	Remitano’s fees are competitive but not the lowest in the market. The fee structure is straightforward and transparent, which is beneficial for user planning.
Offers a moderate range of cryptocurrencies, sufficient for most traders but not the most extensive.	Number of Cryptocurrencies	The platform supports a limited number of cryptocurrencies compared to larger exchanges, which may be a drawback for users looking for a wide array of trading options.
A wide array of trading pairs provides good options for crypto-to-crypto trading.	Crypto-to-Crypto Trading Pairs	Remitano provides a decent range of crypto-to-crypto trading pairs, though it lacks the extensive options found on more established platforms.
Highly transparent about trading processes and fees, providing clear and easy-to-find information.	Website Transparency	The website is user-friendly and provides clear information about fees, security measures, and trading options, though some details about the company’s operations could be more detailed.
While BingX provides a robust trading platform with various features, the lack of an exchange card limits additional spending flexibility and rewards for its users	Credit/Debit Card	Remitano lacks a branded exchange card, which limits the versatility and real-world applicability of its platform compared to some competitors that provide integrated card services for easier access to funds and transactions.
Offers robust storage solutions including cold storage options to secure user funds.	Storage Offering	The platform offers a secure wallet service with good security features, although it may not have the advanced security options of dedicated wallet providers.
Provides staking options with competitive rewards, enhancing passive earning potential.	Staking and Rewards	Remitano provides some options for earning through staking and rewards, but these are not as extensive or varied as those offered by competitors.
Excellent user interface on both mobile and desktop platforms, ensuring a seamless trading experience.	Mobile App and Desktop	Remitano offers a well-designed mobile app and a functional desktop platform, both of which are appreciated for their ease of use and reliability.
Good customer support with room for improvement in response times and accessibility.	Customer Service	The platform excels in customer service, offering quick and helpful responses through multiple channels, including live chat and email.
Efficient deposit and withdrawal processes with clear guidelines, but could be faster.	Deposit and Withdraw	Remitano supports multiple deposit and withdrawal methods, though it lacks some of the flexibility of larger exchanges with more extensive banking integrations.

Key features

Analysis tools

Trading signals, technical analysis tools

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,6/5

Additional features

Copy trading, margin trading, derivatives trading, BingX Academy

P2P trading, staking, Remitano Earn, fiat on/off ramps

Anonymity

Yes

Key points

Available cryptocurrencies

50+

10+

User-friendliness

BingX features an easy-to-navigate platform with a focus on social trading. The user interface is designed to be beginner-friendly, allowing users to follow and copy trades from experienced traders effortlessly.

Remitano provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Delivers good value for money with competitive fees and innovative social trading features, making it a cost-effective choice for traders.

Offers good value for money with competitive fees and strong local support in various regions, making it a good choice for regional users.

Countries of operation

Singapore, United States, Canada, Australia, United Kingdom

Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for both beginners and experienced traders interested in social trading and following the strategies of other successful traders.

Suitable for traders in various regions seeking a platform with competitive fees and strong local support.

Base currencies available

USD, BTC, USDT

Multiple local currencies, BTC

Account

Trading

BingX focuses on social trading, allowing users to follow and copy trades from experienced traders. It offers a unique feature but has a smaller selection of cryptocurrencies compared to leading exchanges.

Remitano is a P2P exchange known for its secure and user-friendly platform. It offers easy fiat integration and a good range of cryptocurrencies but lacks advanced trading tools.

Deposit and withdrawal

BingX provides various deposit methods, including bank transfers and crypto. Withdrawals are fast and generally processed within 24 hours. Fees are low, making it user-friendly.

Remitano is a P2P exchange known for its easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.

Account opening process

BingX offers a simple and fast account opening process. Users need to fill in basic information and verify their identity. The process is fully digital and typically takes less than a day to complete.

Remitano offers a seamless and fully digital account registration process. Users need to submit personal information and verify their identity. The process is quick and usually takes less than a day to complete.

KYC required?

Yes

Customer Service

BingX provides customer support via email and live chat. The support team is responsive and helpful, although 24/7 availability is not guaranteed, which can be a limitation.

Remitano offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

BingX uses standard security measures like 2FA and cold storage. However, it is not regulated by top-tier financial authorities, which might be a concern for some investors.

Remitano ensures security through 2FA, encryption, and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I highly recommend BingX for both new and experienced traders seeking a balanced platform. Its strong security measures and transparent trading environment provide a trustworthy space for cryptocurrency transactions. However, while the platform offers robust features, including diverse trading pairs and competitive staking rewards, potential users should note the occasional delays in customer service response times. Overall, BingX stands out as a solid choice for navigating the complexities of the crypto market.

Xavier Tarrasó

As a cryptocurrency analyst, I’ve had the opportunity to explore and evaluate numerous platforms, and Remitano certainly stands out for a few noteworthy reasons. First and foremost, its user-friendly interface makes it exceptionally accessible for beginners. The platform’s design intuitively guides you through the process of trading cryptocurrencies, which can be a daunting task for those new to the space. Another aspect worth highlighting is Remitano’s commitment to security. The platform employs an escrow system for transactions, adding an extra layer of security by holding the funds until all parties confirm the transaction is complete. This feature greatly reduces the risk of fraud, making it a reliable choice for traders concerned about the safety of their investments. Overall, if you’re venturing into the world of cryptocurrencies and looking for a secure and straightforward platform, Remitano is definitely worth considering. It provides a solid foundation with essential trading tools, excellent customer support, and a community-driven approach that fosters a safe trading environment.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.