Remitano Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A cryptocurrency exchange, also known as a crypto exchange, is an online platform where people can buy, sell, and trade various cryptocurrencies using either fiat money (conventional currencies such as USD, EUR, and so on) or other cryptocurrencies.

These exchanges make it possible to trade one form of cryptocurrency for another or for fiat money. They are crucial in the cryptocurrency ecosystem because they provide liquidity and a platform for traders and investors to do transactions.

Users register for accounts on the exchange platform by submitting required personal information and completing any mandatory identity verification processes, often known as Know Your Customer (KYC) protocols.

Users can deposit monies into their exchange accounts via bank transfers, credit/debit cards, or other payment methods that are supported by the exchange. Users can place orders to purchase or sell bitcoins after depositing cash. Market orders (buy or sell at the current market price) and limit orders (establish a predetermined price at which you’re willing to purchase or sell) are two types of orders.

What Is Remitano Crypto Exchange ?

Remitano purpose is to bring innovative financial solutions by bridging the gap between fiat-crypto and to provide the most trusted and secure platform for buying & selling cryptocurrencies. Over the past decades, claimed to have served more than 3 million users, expanded to 50+ countries across the globe, and transformed into a focused leader in the blockchain industry. Positioning as the best on-off ramp service in the world, Remitano claimed to innovate for people with one consistent belief: Remitano wants to make people financially happy.

Remitano Crypto Exchange Quick Facts

How To Register At Remitano Exchange?

To register on Remitano , 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.

Remitano Exchange Supported Countries

Remitano Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on Remitano .

How To Verify Your Remitano Cryptocurrency Account ?

There is no mandatory verification at Remitano , 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 Remitano , Revolut platforms.

How To Buy Crypto Or Deposit Crypto At Remitano Crypto Exchange?

There are two main options for topping up your balance on Remitano . 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 Remitano 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 Remitano Account ?

There are several steps you can take to help secure your Remitano account and protect your funds:

1. Strong Password: Create a password that combines uppercase and lowercase letters, numbers, and special characters. Avoid using information that is easily guessed, such as birthdays or names.
2. Enable two-factor authentication (2FA) : For an added degree of security. This usually entails receiving a code on your mobile device or via email, which you must enter alongside your password when checking in.
3. Email Security: Make sure the email account associated with your Remitano account is secure as well. Set up 2FA for your email account and choose a strong password.
4. Device Security: Only use trusted devices to access your Remitano account. When logging in, avoid utilizing public computers or shared devices.
5. Phishing Alert: Be wary of phishing efforts. Remitano will never email you your password or personal information. Before entering your login credentials, always double-check the URL.
6. Secure Network: Avoid utilizing public Wi-Fi networks for important tasks such as entering into your Remitano account. Use a private and secure network.
7. By taking these steps, you can help protect your Remitano account and reduce the risk of unauthorized access to your funds.

Fees taken when buying virtual currency

Remitano Trading Fees

Every transaction involves two parties: the maker, whose order was previously on the order book, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so termed because their orders provide market liquidity. Takers eliminate this liquidity by matching manufacturers’ orders with their own.

Remitano Withdrawal fees

The withdrawal fee for Remitano is 0.0005 BTC every BTC withdrawal. This cost is significantly lower than the industry norm. industry BTC-withdrawal cost is 0.000643 BTC every withdrawal. In comparison, 0.0005 BTC is very competitive. However, the exchange has notified us that due to the high network price, this fee may be updated at any time.

Deposit Methods

Remitano accepts wire transfers as well as credit card deposits as deposit methods. Because Remitano accepts deposits in fiat currency, it differs from numerous exchanges that exclusively accept deposits in cryptocurrencies.

Trade On Go Remitano Is 100% Mobile Friendly

Trade On Go Remitano Is 100% Mobile Friendly,” implies that Remitano offers a smartphone app or a mobile-friendly website that allows users to trade cryptocurrency while on the go using their mobile devices. Having a mobile-friendly platform allows customers to access and manage their trades from their smartphones or tablets.

How To Contact Remitano Customer Support Team?

If you need help with your Remitano account or have any questions, you can contact Remitano customer support through the following methods:

Website: Go to the official Remitano website and look for a “Contact Us” or “Support” area. For queries, they may provide a contact form or an email address.

Email: You can frequently contact their customer service team by email. Look for an email contact for help on their website or in any official communications.

Live Chat: Remitano’s website may include a live chat feature. This allows you to communicate with a customer service professional in real time.

Social Media: Check out Remitano’s official social media profiles (such as Facebook, Twitter, and others). They may react to enquiries and provide assistance via these sites.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that Remitano customer support can assist you efficiently.

Features Of Remitano Crypto Exchange

Peer-to-Peer Trading

Remitano is well-known for its peer-to-peer trading platform, which allows users to purchase and trade cryptocurrencies with one another. This technique may give users greater alternatives and flexibility in terms of payment methods and currency selection.

Multiple Cryptocurrencies

Remitano supports a variety of popular cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others.

User Verification

Remitano normally requires users to go through a verification process to ensure security and compliance with legislation. To validate the user’s identification, identifying documents must be submitted.

Secure Escrow System

To secure trades, Remitano frequently uses an escrow system. When a deal is initiated, the cryptocurrency being sold is kept in escrow until the seller confirms receipt of money from the buyer.

Secure Wallet

Remitano may provide customers with a wallet to securely store their cryptocurrency on the site. However, considerable sums of cryptocurrencies should always be kept in a private, offline wallet for further security.

Customer Support

Remitano frequently offers customer support to help users with their trading, account administration, and technical questions.

Fiat Currency Transactions

Remitano often allows fiat currency transactions, allowing users to buy and sell cryptocurrencies using their local currencies using a variety of payment methods like as bank transfers, mobile money, and other regional payment alternatives.

Remitano Good Or Bad Points

Remitano is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using Remitano :

Good points:

1. User-Friendly Interface: Remitano has a basic and user-friendly interface that makes navigating and using the platform straightforward for both new and seasoned traders.
2. Variety of Cryptocurrencies : Remitano supports a comprehensive range of major cryptocurrencies, letting users to trade in a diverse range of digital assets.
3. Peer-to-Peer Trading: The platform supports peer-to-peer trading, which means users can buy and sell cryptocurrencies directly with one another. This may result in more competitive prices and greater control over trading.
4. Multiple Payment Methods: Remitano often allows a wide range of payment methods, such as bank transfers, mobile wallets, and other local payment methods, making it accessible to users across the globe.
5. Security Measures: To ensure the protection of its users’ funds, Remitano normally employs security measures such as escrow services, two-factor authentication (2FA), and cold storage for cryptocurrencies.

Bad points:

1. Scams: Because Remitano is a peer-to-peer platform, there is a chance of encountering scammers or fraudulent sellers/buyers. When trading, users must take prudence and due diligence.
2. Limited Customer help: Some users have reported difficulties in obtaining timely and effective customer help from Remitano, particularly when there is a large demand or technical concerns.
3. Price Fluctuations: The values of cryptocurrencies can be extremely volatile. While this is not Remitano’s fault, consumers should be aware of the inherent hazards of trading digital assets.
4. Limited Anonymity: Depending on local restrictions, users may be required to submit personal identity and KYC (Know Your Customer) information, which runs counter to the concepts of anonymity sought by certain cryptocurrency users.
5. Dependence on the Marketplace: The possibility of trades on Remitano is contingent on other users desiring to purchase or sell specific cryptocurrencies. It may be more difficult to find suitable trade partners during periods of low liquidity.

Is Remitano Is Safe Platform To Trade ?

Check to see if the platform has strong security mechanisms in place, such as two-factor authentication (2FA), cold storage for a major amount of user cash, frequent security audits, and critical data encryption. Look for platform user ratings and feedback. Positive feedback and a solid reputation in the bitcoin community can be indicative of a more secure platform.

Investigate whether the platform complies with the rules in your jurisdiction. Regulatory compliance can give some accountability and monitoring. Escrow systems are frequently used by peer-to-peer networks to retain payments until both sides fulfill their responsibilities in a trade.

This can aid in the prevention of scams and fraudulent activity. A professional and responsive customer support service can be invaluable in resolving any concerns that may emerge during trade.

Remitano Conclusion

Remitano’s mission is clear: to create innovative financial solutions by linking regular fiat currencies with the world of cryptocurrency. Its primary goal is to build a dependable and secure platform where people can easily purchase and exchange various cryptocurrencies. Remitano boasts that it has catered to over 3 million consumers and expanded its services to more than 50 countries globally over the course of several years. This growth has propelled Remitano to a prominent position within the blockchain industry, cementing its status as a major player.

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