Bitso Review
Key takeaways from this review:
- Bitso is a Mexican cryptocurrency exchange that offers a wide range of features and services, including low fees, a secure platform, and a user-friendly interface.
- Bitso is not available to US-investors, but it is available to residents of Mexico, Argentina, and Colombia.
- Some of the best alternatives to Bitso include Binance, Kraken, and Coinbase.
Bitso Pros & Cons
What is Bitso?
Bitso is a Mexican-based cryptocurrency exchange that allows users to buy, sell, and trade a variety of digital assets. With a focus on providing a secure, reliable, and user-friendly experience, Bitso is a great choice for those looking to get started in the world of cryptocurrency.
Bitso Product & Features
- Support for multiple cryptocurrencies: Bitso supports over 48 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
- A variety of trading options: Bitso offers a variety of trading options, from spot trading to margin trading and derivatives.
- Advanced features for more experienced traders: Bitso offers advanced features for more experienced traders, such as order types, charting tools, API access, and more.
- A variety of security features: Bitso offers a variety of security features, such as two-factor authentication, cold storage, and a secure wallet.
- A range of support services: Bitso offers a range of support services, including 24/7 customer support and educational resources.
Here are some additional features of Bitso:
- Bitso Alpha: Bitso Alpha is a professional trading platform that offers advanced features for experienced traders.
- Bitso Pay: Bitso Pay is a payment processing solution that allows businesses to accept cryptocurrencies as a form of payment.
- Bitso Card: Bitso Card is a debit card that allows users to spend their cryptocurrencies in everyday transactions.
- Bitso Wallet: Bitso Wallet is a secure wallet that allows users to store their cryptocurrencies.
Bitso Customer Support
- Live chat: Bitso offers 24/7 live chat support. You can chat with a customer support representative to get help with any issues you may be having.
- FAQs: Bitso has a comprehensive FAQ section that covers a wide range of topics. You can find answers to your questions about account management, trading, deposits and withdrawals, and more.
- Documentation: Bitso also provides documentation for its platform. This documentation includes guides on how to use the platform, as well as technical specifications.
Can US Citizens Use Bitso Exchange?
No, US citizens cannot use Bitso Exchange. Bitso is not registered with the Securities and Exchange Commission (SEC) in the United States, and as such, it is not allowed to offer its services to US citizens.
If you are a US citizen and you are looking to use a cryptocurrency exchange, there are a number of other exchanges that you can use. Some of the most popular exchanges for US citizens include Coinbase, Kraken, and Binance.
Bitso Trading Fees
Bitso uses a maker-taker fee schedule. This means that users who add liquidity to the market by placing limit orders are charged a lower fee than users who remove liquidity from the market by placing market orders.
The maker fee is 0.5%, and the taker fee is 0.65%. Withdrawal fee is 0.0005 BTC on all bitcoin withdrawals. These fees are applied to all trades, regardless of the cryptocurrency being traded.
Bitso Alternatives
Bitso is a popular cryptocurrency exchange, but it is not the only option available. There are many other exchanges that offer similar services, and some of them may be a better fit for your needs.
- Bitfinex: Bitfinex is a cryptocurrency exchange that is known for its high liquidity and its margin trading features. Bitfinex is also one of the most secure exchanges in the world.
- Crypto.com: Crypto.com is a cryptocurrency exchange that offers a wide range of features, including margin trading, staking, and an NFT marketplace. Crypto.com is also one of the most user-friendly exchanges on the market.
- Huobi Global: Huobi Global is a cryptocurrency exchange that is known for its low fees and its support for a wide range of cryptocurrencies. Huobi Global is also one of the most liquid exchanges in the world.
- KuCoin: KuCoin is a cryptocurrency exchange that is known for its low trading fees and margin trading with up to 10x leverage and a margin lending market. KuCoin is also one of the most liquid exchanges in the world.
- BitMEX: BitMEX is a cryptocurrency exchange that is known for its high leverage trading features. BitMEX is also one of the most liquid exchanges in the world. However, BitMEX is not available to US users.
How to Sign up on Bitso Exchange?
Here are the step by step instructions on how you can sign up on Bitso Exchange:
- Visit Bitso Exchange
- Click "Start Now" at the top right.
- Enter your email address and create a password.
- Enter your name, date of birth, and country of residence.
- Upload a valid ID or passport.
- Accept the Terms of Service and Privacy Policy.
- Click "Create Account".
- Check your email for a verification link.
- Follow the link to verify your account.
- Log in to your account and start trading!
