About Bitso
Bitso is a Mexican cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies such as Bitcoin, Ethereum, and Ripple. It was founded in 2014 and is headquartered in Mexico City. Bitso is one of the largest and most popular cryptocurrency exchanges in Mexico, and it offers a range of services to its users, including a user-friendly platform, secure storage, and fast and reliable transaction processing.
Bitso Cryptocurrency also offers a cryptocurrency wallet where users can store their digital assets, and it provides various tools and resources to help users learn about cryptocurrencies and how to trade effectively. Bitso’s mission is to make cryptocurrencies accessible to everyone in Latin America and to drive financial inclusion in the region.
Information Table
| Exchange Name | Bitso |
| Exchange Service | Spot and futures trading |
| Exchange Launch Year | 2014 |
| Made In | America |
| Mobile App | Android & IOS |
| Fiat Option | Available |
| KYC | Required |
| 2FA Security | Available |
| Makers Fees | 0.500% |
| Takers Fees | 0.650% |
| Referral Program | Not Allowed |
| Support | Email & Live Chat Option Available |
| Official Website | Click Here To Visit |
How To Register At Bitso Exchange ?
To register on Bitso, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.
You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.
Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.
How To Verify Your Bitso Cryptocurrency Account ?
There is no mandatory verification at Bitso, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of FREE. In the future, depending on the actions of regulatory authorities, conditions may change.
For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the Bitso, Revolut platforms.
How To Buy Crypto Or Deposit Crypto At Bitso Crypto Exchange?
There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.
Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.
After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.
Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.
Second Method
You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:
- Go to the “Deposit” section from the “Assets” menu.
- From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
- The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
- You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.
How To Withdraw Crypto Asset From Bitso Exchange ?
Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.
Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.
How To Secure Your Bitso Account ?
Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.
Trading fees
The trading fees you pay decrease as your volume increases within a 30-day range and are both based on a Maker-Taker scheme. The fees you pay may be updated with up to 5 minutes delay after a certain volume threshold is reached. The orders denominated as Taker take the liquidity of the market to consume a purchase or sale order previously placed by a Maker.
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 |
| 0.000% | 0.130% | > 250,000,000 |
Markets vs Bitcoin (BTC)
| MAKER % | TAKER % | YOUR VOLUME BTC |
|---|---|---|
| 0.075% | 0.098% | < 8 |
| 0.072% | 0.094% | > 8 |
| 0.071% | 0.092% | > 10 |
| 0.070% | 0.091% | > 18 |
| 0.067% | 0.087% | > 30 |
| 0.065% | 0.085% | > 45 |
| 0.063% | 0.082% | > 65 |
| 0.059% | 0.077% | > 180 |
| 0.055% | 0.072% | > 500 |
| 0.050% | 0.065% | > 950 |
Bitso Team
Features Of Bitso Crypto Exchange
Available At Android & IOS Store
Bitso Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading .
User-friendly platform
Bitso has a user-friendly platform that is easy to navigate, even for those who are new to the world of cryptocurrencies.
Secure storage
Bitso provides secure storage for users’ digital assets, with multiple layers of security to protect against hacking and other security threats.
Fast and reliable transaction processing
Bitso processes transactions quickly and efficiently, ensuring that users can trade cryptocurrencies with confidence.
Wide range of cryptocurrencies
Bitso offers a wide range of cryptocurrencies for users to buy, sell, and trade, including Bitcoin, Ethereum, Ripple, and others.
Support for Mexican pesos
Bitso allows users to buy and sell cryptocurrencies using Mexican pesos, making it easy for Mexican residents to participate in the cryptocurrency market.
Educational resources
Bitso provides various educational resources, such as articles, guides, and videos, to help users learn about cryptocurrencies and how to trade effectively.
Mobile app
Bitso also offers a mobile app, allowing users to access their accounts and trade cryptocurrencies on-the-go.
Customer support
Bitso provides 24/7 customer support to help users with any questions or concerns they may have.
24/7 Live Chat
If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.
Bitso Conclusion
Bitso is a well-established and reputable cryptocurrency exchange in Mexico that provides a secure and user-friendly platform for buying, selling, and trading cryptocurrencies. It offers a range of features and services, including a cryptocurrency wallet and educational resources, to help users navigate the cryptocurrency space.
Bitso’s mission of promoting financial inclusion and making cryptocurrencies accessible to everyone in Latin America has earned it a positive reputation in the industry. However, as with any investment, it is important for users to carefully consider the risks and do their own research before investing in cryptocurrencies through Bitso or any other exchange.