Bitso Review: Bitso is a cryptocurrency exchange and financial technology company based in Mexico. It was founded in 2014 with the goal of providing accessible and secure digital financial services to the Latin American market. Bitso has since become one of the leading cryptocurrency platforms in the region, offering a range of services for individuals and businesses interested in buying, selling, and using digital currencies.
One of the key features of Bitso is its user-friendly interface and intuitive design, which makes it easy for both beginners and experienced traders to navigate the platform. Users can sign up for a Bitso account and start trading cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, among others. The platform provides real-time market data and charts to help users make informed trading decisions.
Bitso also offers a mobile app, available for both iOS and Android devices, allowing users to access their accounts and trade on the go. This mobile app provides a convenient and seamless experience, ensuring that users can monitor their portfolios and execute trades whenever and wherever they want.
| 📅 Year of Establishment | 2014 |
| 💱 Coins: | 55+ |
| 💰 Min deposit | From $100 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Mexico |
Overall Bitso Review
Overall, Bitso has established itself as a prominent player in the Latin American cryptocurrency market, providing a user-friendly platform, secure services, and a commitment to financial inclusion. Its innovative approach and partnerships with traditional financial institutions position Bitso as a key contributor to the growth and adoption of cryptocurrencies in the region.
Go to Bitso website
Top Reviews
Best customer reviews of Bitso
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
I appreciate the wide variety of cryptocurrencies available for trading, which allows me to diversify my portfolio. The real-time market data and charts provided by Bitso provide invaluable assistance in making informed trading decisions. In addition, Bitso's security measures, including encryption and multi-factor authentication, give me confidence that my funds are secure.
Mexico
The real-time market data and charts are useful, although I feel they could be more comprehensive. In terms of security, Bitso appears to have robust measures in place, which is encouraging. Overall, Bitso is a decent platform, but there are areas where it could be improved to have a more enjoyable trading experience.
Brazil
I had a disappointing experience with Bitso. The user interface is confusing and not at all user-friendly, making it difficult to navigate the platform. I found the real-time market data and charts to be unreliable and often lagging behind other platforms. In addition, Bitso's security measures do not inspire confidence as I encountered problems with verification. The support team was unresponsive and unhelpful. Overall, my experience with Bitso was disappointing and I would not recommend this cryptocurrency exchange as a reliable one.
Colombia
Expert Review
Expert Review of Bitso
Bitso exchange has established itself as a reliable platform for trading cryptocurrencies. As a financial expert, I carefully evaluated its features and functionality, and I was impressed by the level of reliability it offers its users.
One of the key factors in Bitso's reliability is its robust security features. The platform uses standard encryption protocols to protect users' information and funds. In addition, an additional level of protection against unauthorized access is provided by multi-factor authentication. This attitude to security inspires confidence in users and ensures the safety of their funds.
Bitso's reliability is also evidenced by its track record. The company has been operating since 2014 and has established itself as a notable player in the Latin American market. Throughout its years of operation, Bitso has maintained a high level of security without any major breaches. This stability speaks to the platform's commitment to maintaining a reliable and secure trading environment.
In conclusion, as a financial expert, I can confidently say that Bitso is a trustworthy cryptocurrency exchange. Its reliability is ensured by robust security measures, proven track record, partnerships with traditional financial institutions, and customer support. Traders can rest assured that Bitso is a reliable and trusted platform for their cryptocurrency trading.
Financial expert and analyst at TradersHero.com
Risk Warning. Trading cryptocurrencies, including on Bitso, involves significant market risks due to their inherent volatility. Cryptocurrency prices can fluctuate rapidly and unpredictably, leading to potential financial losses. Traders should be prepared for price swings and understand that market conditions can change quickly, impacting their investments.
Bitso Ern
Investment Programs
There are several programs or strategies that individuals can consider to potentially earn money on Bitso. Here are three examples:
Staking involves locking your cryptocurrency on the blockchain for a specific duration to earn interest rewards, typically in the same cryptocurrency. When you engage in staking, you contribute to the validation of new transactions on the blockchain network.
Remember that staking involves risks, including the potential loss of funds and fluctuations in staking rewards. Make sure to research and understand the specific staking details and risks associated with each supported cryptocurrency on Bitso before engaging in staking activities.
The regulatory landscape for cryptocurrencies is evolving and varies across different jurisdictions. It is important for traders to stay informed about the legal and regulatory requirements in their respective countries or regions. Changes in regulations, government actions, or restrictions on cryptocurrencies could have an adverse impact on trading activities and the value of cryptocurrencies held on Bitso.
Best Copy Trading Platforms
Conditions
Trading Conditions for Bitso Users
Bitso offers favorable trading conditions for its users. Traders can engage in exchanging, buying, and selling cryptocurrencies on the platform. Bitso supports a variety of cryptocurrencies, including Bitcoin, Ethereum, TrueUSD, Ripple, DAI, Litecoin, Decentraland, BitcoinCash, and BAT. The exchange provides crypto-to-crypto and crypto-to-fiat trading pairs, allowing users to trade between different cryptocurrencies and fiat currencies such as the US dollar, Mexican peso, Argentine peso, and Brazilian real.
To start trading on Bitso, users are required to make a minimum deposit of $100. The platform offers a standard TradingView web terminal and a mobile application, providing users with flexible options for accessing and managing their trades. Bitso's website is available in three languages: English, Spanish, and Portuguese, catering to a diverse user base.
When it comes to features, Bitso emphasizes the protection of users' data and assets, ensuring a high level of security. The trading terminal on Bitso is designed to be intuitive and user-friendly, facilitating seamless trading experiences. However, it is important to note that Bitso does not offer referral or investment programs.
Bitso implements a flexible commission system that varies depending on the selected market. The specific commissions are determined by the trading volume and are different for makers and takers. As the trading volume increases, the commissions may decrease, providing potential cost savings for active traders.
Overall, Bitso provides users with a reliable and secure trading platform that supports a wide range of cryptocurrencies and trading pairs. The platform's user-friendly interface, multi-language support, and competitive commissions contribute to a positive trading experience for Bitso users.
| 📅 Year of Establishment | 2014 |
| 💱 Coins: | 55+ |
| 💰 Min deposit | From $100 |
| ⚖️ Leverage | 1:1 |
| 💹 Trading fees | From 0% |
| 💳 P2P platform | ❌ |
| 🔁 Copy Trading | ❌ |
| 📊 DeFi Staking | ✅ |
| 🖼️ NFT | ❌ |
| 🏦 Crypto Loans | ❌ |
| 🔓 Demo account | ❌ |
| 🚀 Launchpad | ❌ |
| 📱 Mobile apps | iOS, Android |
| 📞 Customer Service | Forums, Chat, Email |
| 👩💼 Support | Multilingual |
| 🗺️ Headquarters | Mexico |
Risk Warning
Comparison
Comparison of Bitso with other Crypto Exchanges
Crypto Exchanges comparison table of trading instruments
Commissions
Bitso Accounts, Commissions & Fees
Bitso offers different types of accounts to cater to the varying needs of its users. The main account type is the Standard account, which is suitable for most traders. Here is an overview of Bitso's account types, commissions, and fees:
Account Types:
- Standard Account: This is the default account type for users and provides access to all the basic features and functionalities of the Bitso platform.
Commissions: Bitso operates on a commission-based fee structure. The commissions charged depend on the specific market and the trading volume of the user. Commissions are typically different for makers (those who provide liquidity to the market) and takers (those who remove liquidity from the market).
Fees:
- Deposit Fees: Bitso does not charge any fees for depositing funds into your account. However, keep in mind that there may be fees associated with the payment method or network used to transfer funds to Bitso.
- Withdrawal Fees: Bitso charges fees for withdrawing funds from your account, which may vary depending on the cryptocurrency or fiat currency being withdrawn.
It's important to note that the specific commission rates and fees may vary over time, so it's recommended to refer to Bitso's official website or contact their support for the most up-to-date information regarding commissions and fees.
Bitso provides a transparent fee structure, and the fees charged are generally competitive within the cryptocurrency exchange industry. Traders should carefully review and understand the fees associated with their specific trading activities on Bitso before initiating trades or transactions.
Bitso Tokens are primarily used for trading fee discounts and other benefits within the Bitso ecosystem. Holders of Bitso Tokens may be eligible for reduced trading fees, priority access to new features, and exclusive promotions or rewards.
Markets vs Mexican Pesos (MXN)
| MAKER % | TAKER % | YOUR VOLUME MXN |
|---|---|---|
| 0.500% | 0.650% | < 1,500,000 |
| 0.490% | 0.637% | > 1,500,000 |
| 0.480% | 0.624% | > 2,000,000 |
| 0.440% | 0.572% | > 5,000,000 |
| 0.420% | 0.546% | > 7,000,000 |
| 0.400% | 0.520% | > 10,000,000 |
| 0.370% | 0.481% | > 15,000,000 |
| 0.300% | 0.390% | > 35,000,000 |
| 0.200% | 0.260% | > 50,000,000 |
| 0.100% | 0.130% | > 150,000,000 |
While Bitso implements security measures to protect user funds, there are still inherent security risks associated with trading cryptocurrencies. These risks include the potential for hacking, phishing attacks, and unauthorized access to user accounts. Traders should take precautions to secure their accounts, such as using strong passwords, enabling two-factor authentication, and keeping their devices and software up to date.
Risk Warning
Final review
Detailed review of Bitso
Bitso is a fintech company and cryptocurrency exchange that operates in Mexico. Since its establishment in 2014, Bitso has been dedicated to offering accessible and secure digital financial services throughout Latin America. As a result, it has emerged as a leading cryptocurrency platform in the region, providing a wide range of services for individuals and businesses interested in buying, selling, and utilizing digital currencies.
One of the distinguishing features of Bitso is its user-friendly interface and intuitive design, which caters to both novice and experienced traders. By signing up for a Bitso account, users gain access to a platform where they can trade popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin. To facilitate informed decision-making, Bitso offers real-time market data and charts.
To enhance convenience and accessibility, Bitso also provides a mobile app for iOS and Android devices. This app enables users to manage their accounts and execute trades while on the move. By ensuring a seamless and hassle-free experience, Bitso empowers users to monitor their portfolios and conduct transactions anytime and anywhere.
In addition to trading services, Bitso offers a secure cryptocurrency wallet for storing digital assets. The wallet employs industry-standard security measures, including encryption and multi-factor authentication, to protect users' funds. By prioritizing stringent security protocols, Bitso has successfully maintained a clean track record with no major security breaches, instilling confidence in its user base.
Moreover, Bitso has formed partnerships with traditional financial institutions and governments to facilitate the integration of cryptocurrencies into existing financial systems. By collaborating with banks, Bitso enables faster and more efficient cross-border remittances using cryptocurrencies. This not only reduces costs but also enhances accessibility for users.
Through its user-friendly platform, emphasis on security, and dedication to financial inclusion, Bitso has established itself as a prominent player in the Latin American cryptocurrency market. Its innovative approach and strategic partnerships with traditional financial institutions position Bitso as a key contributor to the growth and adoption of cryptocurrencies in the region.
Advantages:
Advantages of Bitso Cryptocurrency Exchange:
Bitso Regulator
Bitso is a cryptocurrency exchange that operates under regulatory oversight to ensure compliance with applicable laws and regulations. The platform is registered with the Mexican financial authorities and operates under the supervision of the Mexican Financial Intelligence Unit (UIF).
By adhering to regulatory standards, Bitso demonstrates its commitment to maintaining the integrity of its platform and promoting a secure and transparent trading environment. The regulatory oversight helps to protect users' interests and fosters trust in the platform.
Bitso complies with anti-money laundering (AML) and know your customer (KYC) regulations, which are crucial measures for preventing illicit activities and ensuring the legitimacy of transactions on the platform. These compliance practices aim to safeguard against money laundering, fraud, and other illicit activities in the cryptocurrency space.
As regulations and requirements may evolve over time, Bitso continues to stay updated and adapt its policies and procedures to meet the changing regulatory landscape. By operating within the regulatory framework, Bitso strives to provide a safe and compliant platform for users to engage in cryptocurrency trading with confidence.
It is important for users and potential investors to stay informed about the regulatory status of Bitso and any updates or changes in the regulatory landscape. For the most accurate and up-to-date information, it is recommended to visit Bitso's official website or reach out to their customer support for clarification on their regulatory compliance efforts.
Risk Warning
Promotions
Bonuses Paid by the Bitso
Bonuses
Bitso does not currently offer its users any special bonuses or incentive rewards. While the platform provides a reliable and convenient environment for cryptocurrency trading, it does not offer additional incentives in the form of bonuses or promotional programs.
While bonuses can sometimes be appealing to users looking for additional benefits, Bitso is different in that it emphasizes a safe and secure trading environment. The lack of bonuses allows Bitso to maintain a clear and straightforward commission structure, ensuring a transparent and fair trading environment for all users.
As the cryptocurrency industry continues to evolve, it is possible that Bitso may introduce new features or programs in the future. It is advisable to stay updated by visiting Bitso's official website or contacting customer support for the latest information on any changes or additions to the company's offerings.
Education
Review of the Bitso Education Program
Bitso does not have a specific educational program on its platform. However, it is important to note that cryptocurrency exchanges frequently update and expand their offerings, including educational resources for users.
The educational programs offered by exchanges are designed to help users better understand cryptocurrencies, blockchain technology, and trading strategies. These programs often offer tutorials, guides, webinars, and other educational materials designed to enhance users' knowledge and trading skills.
While Bitso may not have had a dedicated education program at the time, the platform provides resources such as a Help Center and blog articles that cover various topics related to cryptocurrencies, trading, and effective use of the Bitso platform.
It is always advisable to check the official Bitso website or contact support to get the most up-to-date information about the educational resources and programs offered. There may have been new features or educational initiatives added to the platform in the time since I was informed.
Online Courses:
Please note that the availability, content, and pricing of these courses may have changed since my last knowledge update. It is recommended to visit the respective platforms or websites offering these courses to get the most up-to-date information, read reviews, and assess their suitability for your specific learning needs.
Best Online Trading Courses
-
The Future of DeFi: Trends and Predictions for 2024
-
Advanced Charting Techniques: Using Advanced Chart Patterns to Improve Your Trading Accuracy
-
Crypto Security Best Practices: Tips for Keeping Your Digital Assets Safe from Hackers
-
Leveraging Fundamental Analysis: Using Economic Indicators to Inform Your Trading Decisions
-
Forex Trading Platforms: Choosing the Right Platform for Your Trading Needs
-
The Future of Cryptocurrency: Predictions and Trends for the Next Decade
-
Trading Volatility: Strategies for Profiting from Price Swings in Forex and Crypto Markets
-
Introduction to Crypto Mining: How to Start Mining Cryptocurrencies at Home
-
Exploring Forex Pairs: Understanding Major, Minor, and Exotic Currency Pairs
-
Crypto Market Analysis: Identifying Trends and Opportunities for Profitable Trading
Rating and Comments
Bitso Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
The platform suffers from frequent technical glitches and slow order execution, making trading frustrating and time-consuming.
The platform’s fee structure is confusing and lacks transparency, resulting in unexpected charges.
Bitso has been a letdown for me. The platform’s user interface is clunky and outdated, making it difficult to navigate and execute trades smoothly.
Bitso has proven to be a disappointing exchange. The platform’s customer service is subpar, with slow response times and inadequate assistance.