Comparison of Remitano vs Bitso [ 2024 ]

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

Your expert: Alejandro Borja

remitano

Remitano

Your expert: Xavier Tarrasó

bitso

Bitso

Main points

Fees

P2P: 1%

Earns

Yes

Customer service

3/5
0,075%/0,098%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.8 – Reasonable fees with strong local support in various regions.
3.9 – Competitive fees within Latin America.

Level

P2P: 1%
0,075%/0,098%

Brief explanation

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 For withdrawals, Remitano also imposes a fee that varies depending on the cryptocurrency being withdrawn.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.
Bitso maintains a competitive edge in the crypto exchange landscape through its straightforward and relatively low fee structure. The platform employs a maker-taker fee model, which incentivizes market liquidity. Makers, who add liquidity by placing limit orders, enjoy lower fees compared to takers, who remove liquidity by executing against existing orders. Fees can vary depending on the user’s 30-day trading volume, promoting more frequent trading by offering decreasing fees for higher volumes. This tiered approach not only supports active traders but also ensures the platform remains accessible to newcomers, keeping initial costs lower than many other exchanges.

Remitano

Bitso

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Account Minimum

Get started with just $100.

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Direct link to the website

Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Babylon Solutions Limited
Bitso SAPI de CV

Regulation

Not regulated
Regulated in México

Year founded

2016
2014

Founder

Unknown
Pablo González, Ben Peters, Daniel Vogel

Payment methods

Transfers

Yes
Yes

Mastercard

Yes
Yes

Wire transfer

No
No

Card

Yes
Yes

Comparative table

Remitano FEATURES Bitso
Remitano offers a relatively low minimum trade amount, making it accessible for beginners and those looking to trade small amounts.
Minimum Trade
The minimum trade amount is low, enabling accessibility for traders of all sizes.
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.
Trading and Transaction Fees
Bitso offers competitive fees, with a sliding scale that benefits high-volume traders.
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.
Number of Cryptocurrencies
Bitso supports major cryptocurrencies but has a more limited selection compared to larger exchanges.
Remitano provides a decent range of crypto-to-crypto trading pairs, though it lacks the extensive options found on more established platforms.
Crypto-to-Crypto Trading Pairs
Offers a moderate range of crypto-to-crypto trading pairs, adequate for most traders.
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.
Website Transparency
Bitso provides clear and detailed information on its operations and security measures.
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.
Credit/Debit Card
Bitso lacks a dedicated exchange card, limiting its utility for in-store cryptocurrency transactions and associated benefits.
The platform offers a secure wallet service with good security features, although it may not have the advanced security options of dedicated wallet providers.
Storage Offering
Secure storage with cold wallets and multi-signature technology to ensure safety.
Remitano provides some options for earning through staking and rewards, but these are not as extensive or varied as those offered by competitors.
Staking and Rewards
Provides some options for staking and rewards but not as extensive as some competitors.
Remitano offers a well-designed mobile app and a functional desktop platform, both of which are appreciated for their ease of use and reliability.
Mobile App and Desktop
Highly functional and user-friendly mobile and desktop platforms that enhance trading experience.
The platform excels in customer service, offering quick and helpful responses through multiple channels, including live chat and email.
Customer Service
Excellent customer support with 24/7 access via multiple channels, including live chat.
Remitano supports multiple deposit and withdrawal methods, though it lacks some of the flexibility of larger exchanges with more extensive banking integrations.
Deposit and Withdraw
Efficient deposit and withdrawal processes, though mainly tailored to Mexican users.

Key features

Analysis tools

Basic charting tools
Basic charting tools

Mobile APP

No
No

Security

High 4,6/5
High 4/5

Additional features

P2P trading, staking, Remitano Earn, fiat on/off ramps
Crypto-to-crypto trading, Bitso Transfer (payment service), staking, educational resources

Anonymity

No
No

Key points

Available cryptocurrencies

10+
30+

User-friendliness

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.
Bitso provides a straightforward and user-friendly interface, ideal for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand for new users.

Value for money

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

Countries of operation

Global, including United States, Canada, United Kingdom, Australia, Germany
Mexico, Argentina, Brazil

Best for

Suitable for traders in various regions seeking a platform with competitive fees and strong local support.
Suitable for Latin American investors, particularly those in Mexico, Argentina, and Brazil, looking for a reliable platform with competitive fees.

Base currencies available

Multiple local currencies, BTC
MXN, ARS, BRL, BTC

Account

Trading

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.
Bitso is the leading exchange in Latin America, offering a variety of cryptocurrencies and easy fiat integration. It is user-friendly but might not have the advanced tools needed by professional traders.

Deposit and withdrawal

Remitano is a P2P exchange known for its easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.
Bitso provides easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, typically within a day. Fees are competitive, making it a good choice for Latin American users.

Account opening process

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.
Bitso’s account opening process is simple and fully digital. Users need to provide personal information and verify their identity. The process is quick, typically taking less than a day to complete.

KYC required?

Yes
Yes

Customer Service

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.
Bitso provides support through email and live chat. The support team is knowledgeable and responsive, but the lack of 24/7 support may be a drawback for some users.

Security

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.
Bitso ensures security through 2FA, encryption, and cold storage. It is regulated by Mexican authorities, providing a secure environment for investors.

Which of these exchanges is for you?

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.
As an expert reviewer on our website, I find Bitso to be a solid choice for traders, especially those based in Latin America. Its strong regulatory compliance, combined with a user-friendly interface and dedicated customer service, makes it a reliable platform. However, if you’re looking for a wider variety of cryptocurrencies or need more global payment options, you might want to explore other exchanges. Nonetheless, for those new to cryptocurrency or primarily trading in Mexican Pesos, Bitso offers an excellent starting point.

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.

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