Remitano

Remitano

Remitano
In Social Media:
Very basic Ease of use,  Enough secure,  Anonymously trading

Remitano matches users online who want to buy, sell, or trade Ethereum and Bitcoin. Remitano acts as an escrow service to guarantee the transaction. It is based in Seychelles. The platform provides a clean and easy user-interface and delivers a few functions like money transfer and a BTC/ETH wallet. The exchange is designed for all type of users and includes very low transaction fees.

Remitano is suitable for all type of users. Transactions are made fast and easy and coins are held in escrow until the payment is confirmed. Their live chat feature is a great addition to the platform. They are quick to respond and helpful.

Crypto Currencies Support

Traditional Currency Support

  • Australian Dollar (AUD)
  • Japanese Yen (JPY)
  • US Dollar (USD)

Language Support

  • Arabic
  • Chinese
  • English
  • Japanese
  • Lao
  • Russian
  • Thai

Country Support

  • Australia
  • Belarus
  • Canada
  • China
  • Denmark
  • Hong Kong
  • Italy
  • Japan
  • Mexico
  • Most of Asia
  • Most of Latin America
  • Most of the Middle East
  • Netherlands
  • New Zealand
  • Norway
  • Portugal
  • Russian Federation
  • Singapore
  • Spain
  • Sweden
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • Mobile App

Remitano 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
No
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
Hot storage

Remitano is operated by Babylon Solutions Limited, a Seychelles based company. They are seeking partners worldwide as they work to extend the business into many other countries. Their highest volume of traffic is in Vietnam, Nigeria, and Malaysia.

Summary:

Remitano is a peer-to-peer exchange that holds funds in escrow to secure transactions on the platform. They are focused on developing markets in Africa and South East Asia. Their security standards and transparency policy do not meet standards of the developed world. There are better designed platforms that perform similar functions.

Ease of use
Very basic
Transaction Fees
0.0005BTC/Transaction
Deposit/Withdrawal Fee
0.0005BTC/Transaction
Deposit/Withdrawal Fee c For Bank Transfer
0.8% -1.0
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Withdrawl funds to bank account

Functionality:

Remitano is a peer-to-peer cryptocurrency exchange and requires minimal setup. The exchange provides an escrow type of platform so all transactions are secured. The process is very simple. They hold the amount a user wants to trade in escrow until the seller confirms the payment. Transactions are made fast, easily, and secure. Their support team acts as an arbitrator for dispute resolutions.

Most common
customer complaint:

Slow payment confirmations, limited sellers