Bitso

Bitso

  • Mexico

  • Full trading platform

  • Bitso.com

  • Since 2018

Bitso
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $828,497

Bitso is Mexico's leading digital currency exchange, prioritizing security, transparency, and supporting innovation in financial services. They offer exchanges between the Mexican Peso (MXN) and Bitcoin, Bitcoin Cash, Ethereum, and Ripple. Account funding is made easy through instant bank transfers, and ATM machines across Mexico.

Bitso has made an effort to make their exchange accessible for all types of users. The interface is intuitive and there is plenty of information on the website about how to deposit, withdraw and trade on the Bitso platform. The design is clean and user-friendly.

Crypto Currencies Support

Traditional Currency Support

  • Mexican Peso (MXN)

Language Support

  • English
  • Spanish

Country Support

  • Australia
  • Canada
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Not customizable

Advanced
Options:

  • Limit Order
  • Market Order

Discounts For
The Big Traders:

  • No Maker fees
  • Volume based discounts

Bitso security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Advanced Security Features:

  • Limit amount of daily trades
  • Limit amount of daily withdrawls

Legal Registration or Compliance:

  • AML/CFT

The Bitso platform was founded in 2014 and was the first Bitcoin exchange in Mexico. The company was co-founded by Daniel Vogel, Pablo Gonzalez, and Ben Peters, who all have expertise in fields such as finance, marketing, and computer science. They have a strong online presence and keep in touch with their customers. Bitso launched a Bitcoin fundraising campaign for the 2017 earthquake victims.

Summary:

Bitso aims to bring cryptocurrency to as many people as possible in Mexico and Latin America, in order to make the financial markets more transparent and efficient. The platform doesn't have many functions, but it is well-developed and maintained by the team. With multi-sig and 2-factor authentication, they provide a reasonable level of security for user accounts, but the funds are not insured.

Ease of use
Intuitive
Transaction Fees
0.5% + Depending on Volume
Deposit/Withdrawal Fee
It's free (fees may be hidden)
Deposit/Withdrawal Fee c For Bank Transfer
It's free (fees may be hidden)
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
It's free (fees may be hidden)
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto

Functionality:

Bitso is primarily used in Mexico and supports deposits and withdrawals in Mexican Pesos. Deposit options are varied, from bank account to cash deposits at convenience stores. There are three account levels, and the upper levels require a more thorough verification through various documents and have higher trading limits.

Most common
customer complaint:

high prices, frequent downtimes