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HomeExchangeBitso.com Crypto Exchange Review: It Is Good Or Bad?

Bitso.com Crypto Exchange Review: It Is Good Or Bad?

About Bitso.com

Bitso.com Crypto Exchange is a pioneering cryptocurrency change platform with Mexico as its dwelling house country. Irrespective of the frosty political scenario among the countries, it does aid the United States traders to do buying and selling on their platform. However, the United States traders must do their impartial evaluation of any unique hassle all through any occasion springing up from their residency or citizenship.

Bitso Crypto Exchange has been the primary cryptocurrency change platform withinside the enterprise to permit buying and selling with the Mexican peso. Besides this, it additionally gives cryptocurrency price offerings from Mexican merchants.

Bitso.com Exchange Basic Points

Exchange NameBitso.com
Min Withdraw 0.000049850.00004985
LanguageEnglish
Fiat DepositYes
Deposit FeesFree. Small deposit fees apply.
Easy To Use Yes
Security High
Taker Fee0.098%
Maker Fee0.075%
Support24/7
Customer Support Available At Ticket & Live Chat
Official SiteHomepage

How To Start ?

How To Sign Up At Bitso.com Crypto Exchange ?

bitfinex sign up button

It Is Very Easy To Sign Up At Bitso Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Bitso Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Bitso Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

Bitso Trading fees

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or “takes”) the maker’s order. Makers are so named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers’ orders with their own.

Bitso.com Crypto Exchange trading fee for takers is 0.098%. Makers enjoy a slight discount on the trading fee and they trade with a trading fee of 0.075%. These fees are below the industry average which has historically been 0.25% but is now moving towards 0.10%-0.15%. 

Markets vs USD stablecoins (USD)

MAKER %TAKER %YOUR VOLUME USD
0.095%0.099%< 500,000
0.090%0.099%> 500,000
0.084%0.099%> 1,000,000
0.080%0.095%> 1,500,000
0.075%0.090%> 3,000,000
0.069%0.080%> 5,000,000
0.060%0.069%> 10,000,000
0.050%0.060%> 15,000,000
0.040%0.050%> 20,000,000
0.000%0.040%> 30,000,000

Bitso Withdrawal fees

Bitso Crypto Exchange trading fees are a bit on the high end, but the withdrawal fees are on the other side of the spectrum. The charges a dynamic withdrawal fee amounting to approx. 0.00005 BTC when withdrawing BTC. This fee is substantially below the industry average and constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market.

Deposit Methods

Bitso offers wire transfer as a deposit method, but you can’t deposit via credit card. This might of course be disadvantageous if you would prefer to use your credit card for any reason.

Bitso Security

Bitso.com Crypto Exchange ensures that every user on its platform is valid by asking them to complete their KYC (Know Your Customers). Without level 1 verification, users can not deposit or withdraw or perform trading. With every level, the limits on a trading account increase. Till now, there have been no rumors or news of Bitso ever being hacked.  Aside from this, users can protect their account through the following options:

  • 2FA: The 2FA generates a new six-digit code every 30 seconds to secure your account. It is always recommended to enable two-factor authentication.
  • Transaction PIN: every time you make a transaction, the transaction PIN Bitso will confirm it, thereby securing your account from frauds.
  • PGP Key: This PGP Public key is used to encrypt and protect the emails that you will get from Bitso. 

Customer support

Bitso.com Crypto Exchange has “Support” or “Help” options for users who have any queries or doubts. Under this, you will find tutorials, FAQs, Video Tutorials, and blogs, which users can select. If somehow, after going through all of these, your query is still unresolved, then you can create a new support ticket. There you can submit your report and can expect a reply within 24 hours. 

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things