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What is Bitso and Why Is It Popular?

bitso logo on blue background
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If you have ever asked, 'What is Bitso?', I'm here to help.

The Bitso cryptocurrency exchange is the first to provide cryptocurrency trading in Mexican pesos. It gives Bitcoin payment services from Mexican merchants and cryptocurrency trading opportunities. The exchange's headquarters are in México. 

What is Bitso's crypto exchange platform? 

Bitso is a first-of-its-kind cryptocurrency exchange platform. Despite the two countries' difficult political climates, it invites US investors to trade on its platform. However, US investors should separately investigate any issue that may emerge due to their domicile or citizenship.

The exchange is notable for various reasons. The first is its exchange procedure. It is essential and straightforward. Customers may fund and withdraw money from their accounts, which is the second benefit. The third critical component is its security, driven by cutting-edge technology.

Another reason for its popularity is the usage of several wallets. Choose the finest online or offline cryptocurrency wallet for saving your coins. Bitso's robust exchange APIs contribute to its reputation. It implies that the platform enables users to construct effective apps.

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How does it function?

Bitso is a relatively easy platform to use. Starting a transaction on this cryptocurrency trading website is straightforward.

The first stage will be for people to register on the site. After that, they must complete their KYC, letting users deposit their chosen amount on the Bitso exchange and begin trading.

Bitso's key features:

  • User-friendly and easy-to-understand interface.

  • Very efficient customer support system

  • Low trading fee

  • Easy registration process

  • Availability of several cryptocurrencies to trade

What is Bitso exchange and what does it offer?

One of the finest features of the cryptocurrency trading site is its inexpensive trading costs, which naturally attract many customers.

The site is also simple to navigate, which is another important feature provided by the trading platform.

Bitso exchange's customer service is among the finest in the market, ensuring that every consumer on the platform receives assistance with anything they want.

The site's mobile application is also one of the key offerings that distinguish it.

Consumers may trade from their phones anywhere at any time using the mobile app, which improves the usefulness of this cryptocurrency trading platform.

The trading fees vary based on the user's chosen trading volume and currency. Users that use Bitcoin as their fixed currency must pay the lowest fee of 0.075% for the minimum trading volume and 0.098% for makers and takers.

The maker and taker costs for users who select USD as their currency are 0.095% and 0.099%, respectively.

Unlike many other exchanges, it allows various payment options for deposits and withdrawals. International Bank Wire, Ripple, Either Withdrawals, and SPEI are examples.

Bitso enables crypto trading for customers in Brazil, Mexico, and Argentina. However, the corporation intends to expand its operations to other regions. It now supports nine different types of cryptocurrencies. They are Bitcoin, Ethereum, TrueUSD, Ripple, DAI, Litecoin, Decentraland, Bitcoin Cash, and BAT. 

The exchange offers three levels of verification, each with its unique set of benefits. Since it allows for fiat currency trade, they must comply with KYC and AML rules. Bitso's security features include multisig wallets and two-factor authentication. The website has a support centre with helpful information, videos, social networking, and FAQs.

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Author: Emmanuel Baiden

Author: Emmanuel Baiden

7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.

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