Bitso is primarily a digital asset exchange that provides crypto traders with a platform for storing and trading digital currencies, such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and others. It is reputed for being the first cryptocurrency exchange to trade with the Mexican Peso and requires a minimum deposit of 100 MXN.
Bitso Review, Pros & Cons
- Web & mobile trading platforms
- A selection of educational resources
- Multiple cryptocurrencies
- Support for fiat & cryptocurrency
- No MetaTrader trading platforms
- Limited financial instruments
- Limited funding options
- Mexican clients only
- No telephone or live chat support
In this detailed Bitso review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Based in Mexico, Bitso is a regulated cryptocurrency exchange that allows traders to buy and sell bitcoin or 9 other cryptocurrencies and store them all in one place through an intuitive trading platform that is available on the web and mobile versions. Traders are provided with a selection of educational materials as well as a responsive client support team to assist them. With over a million trusted users, 14 million+ processed transactions, and more than 7 million payments in both crypto and local currency, Bitso could be considered to be an established crypto exchange.
Bitso is licensed by the Gibraltar Financial Services Commission under the Investment and Financial Fiduciary Services Act with license number FSC1348B.
Bitso only accepts traders from Mexico.
Some Bitso features and products mentioned within this Bitso review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with the Bitso trading platform. It is a simple and easy-to-use platform that gives you access to a lot of useful trading functions, including limit order, balance overview, and support for conversions between fiat and cryptocurrencies. The Exchange makes the Bitso trading platform available as a WebTrader that can run directly on its website without the need to install any additional softwarel. There is also the Bitso mobile app that is compatible with Android and iOS devices which can be downloaded from the respective app stores. The mobile app makes it easy to place trades and check trading positions on the go.
Bitso Trading Tools
Trading tools such as the Trading API are available to enable traders to customise the online trading experience to their individual needs.
The Exchange provides traders with several educational materials, such as blogs, news articles, guides, video tutorials, and an FAQ section with detailed answers to the most common questions traders may have.
The Exchange offers the following trading instruments: Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and more.
Bitso Accounts & Fees
The Exchange allows traders to sign up for a single live trading account. Multiple accounts are not allowed for a single user.
As broker fees can vary and change, there may be additional fees that are not listed in this Bitso review. It is imperative to ensure that you check and understand all of the latest information before you open a Bitso broker account for online trading.
Bitso provides traders with a client support team that is polite and prompt in response. They can be reached via Email, Support Tickets, and Social Media.
Bitso Deposit & Withdrawal
Clients are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank transfer
Bitso Account Opening
To open an account, click on the ‘Create an account’ button and fill in the account application form, providing your country of residence, email, and password. Check the dialogue boxes, and then submit.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Founded in 2014, Bitso is a regulated cryptocurrency exchange that gives traders access to buy and sell various digitals assets through the provided trading platforms. Clients also benefit from a range of trading tools, educational resources, and a dedicated client support team.
Investment in cryptocurrency involves significant risks and it is possible that you may lose a substantial proportion or all of its investment in cryptocurrency. The value of cryptocurrency may fall as well as rise. The performance of cryptocurrency is subject to various factors. You should carefully consider whether you can afford to bear the risks of investing in cryptocurrency.