Bitso Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- TradingView
- Proprietary Mobile app
- 9 cryptocurrencies, 4 currencies, large trading volumes, simple and convenient mobile application, no investment or referral programs
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- TradingView
- Proprietary Mobile app
- 9 cryptocurrencies, 4 currencies, large trading volumes, simple and convenient mobile application, no investment or referral programs
Our Evaluation of Bitso
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Bitso is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.64 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitso clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Bitso crypto exchange is focused strictly on trading and exchanging cryptocurrency. Bitso does not provide additional opportunities for active and passive earnings. The trading terminal and application are as simple and convenient as possible. You can use almost any channels for depositing and withdrawing funds (including bank accounts and plastic cards). The exchange allows trading in pairs involving four fiats. The commissions are average for the market and they decrease as the trading volume increases.
Brief Look at Bitso
The Bitso exchange is a platform for exchanging, buying, and selling cryptocurrencies. Bitcoin, Ethereum, TrueUSD, Ripple, DAI, Litecoin, Decentraland, BitcoinCash, and BAT are traded on this exchange. There are crypto-to-crypto and crypto-to-fiat pairs. Fiat funds are represented by the US dollar, Mexican peso, Argentine peso, and Brazilian real. The minimum deposit is $100. The crypto exchange has a standard TradingView web terminal and a mobile application. The site is localized in three languages - English, Spanish, and Portuguese. Among the features are a high level of protection of users’ data, an intuitive trading terminal, no referral or investment programs, and a flexible system of commissions, which depends on the selected market.
- crypto-crypto and crypto-fiat trading without restrictions;
- 9 cryptocurrencies and 4 world currencies;
- there is a web terminal and an application for mobile trading;
- the most simplified system for exchanging and trading cryptocurrencies;
- a multi-wallet can be used to store cryptocurrencies;
- emphasis on ensuring the security of users’ funds and data;
- Help Center with many structured sections.
- significant minimum deposit ($100);
- no demo account or training courses;
- no referral or investment programs.
TU Expert Advice
Financial expert and analyst at Traders Union
The Bitso crypto exchange is well known, especially in the US and South American countries. It was founded in 2014 and is headquartered in Mexico City. The platform is legitimate. They have a proprietary trading terminal similar to TradingView, as well as a proprietary mobile application, which users believe to be comfortable for constant trading.
There are 9 cryptocurrencies and 4 fiat currencies on the exchange. The trading volumes are significant, the company is growing, and successfully competing in the global market. There were no cases of fraud or defaults on obligations to customers. Security is ensured by two-factor authentication and security protocols based on proprietary software developments.
Bitso multi-wallet can be used to store funds and make direct transfers, and you don’t necessarily have to trade on the exchange. In general, users speak positively about the company. Testing by Traders Union’s experts showed high stability and ease of trading on the platform.
The disadvantages include the lack of direct communication with the administration because there is no call center or email, so you can only communicate through tickets on the site. There are no demo accounts or training either. From this point of view, this exchange may not be the best solution for novice crypto traders, especially considering the size of the initial deposit – $100. But in terms of opportunities and convenience of trading, the exchange can be recommended for cooperation.
Bitso Summary
| 💻 Trading platform: | TradingView, proprietary mobile application |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank transfers, cryptocurrency wallets, Ripple gateway, SPEI |
| 🚀 Minimum deposit: | 100 USD |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | BTC, ETH, TUSD, XRP, DAI, LTC, MAHA, DCH, BAT, USD, MXN, ARS, BRL, and fiat |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | N/A |
| ⭐ Trading features: | 9 cryptocurrencies, 4 currencies, large trading volumes, simple and convenient mobile application, no investment or referral programs |
| 🎁 Contests and bonuses: | No |
The Bitso exchange has a fairly high entry threshold; – the minimum deposit is $100. The deposit can be made in any fiat currency in the amount relevant to or exceeding US$100. You also have the opportunity to make a deposit in cryptocurrencies traded on this crypto exchange. They give you leverage for margin trading. The size of the leverage depends on the specific market and asset. Technical support is provided using a ticket system in the “Help Center” section. This exchange also has accounts on social networks, otherwise, you cannot contact their specialists. The table below summarizes the main Bitso trading conditions.
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Commissions & Fees
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Mexican peso (MXN);
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Bitcoin (BTC);
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Argentine peso (ARS);
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stablecoin DAI;
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US dollar (USD);
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Brazilian real (BRL).
Within the markets, the commissions are different for the maker and the taker. Also, the size of the commission is calculated based on the trader’s trading volume for the last 30 days. The actual trading volume (called the trading level) is recalculated daily. New commissions are applied the next day after the change in the trading level is fixed.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | from 0.05% | Yes |
There are 11 trading levels for each market. With an increase in the level (that is, with an increase in trading volume), commissions decrease. For example, for BTC markets at the first trading level (trading volume less than 8 BTC in 30 days), the maker’s commission is 0.075%, and the taker’s commission is 0.098%. At the second trading level (trading volume of at least 950 BTC in 30 days), the maker’s commission is 0.050%, and the taker’s commission is 0.065%. On average, Bitso fees are lower than those of its competitors. For comparison, see the table below:
| Broker | Average commission | Level |
|---|---|---|
|
$0.05 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
Bitso cryptocurrency exchange does not offer investment programs. There are no solutions for passive earnings on the site. It is strictly focused on the active exchange and trading of cryptocurrencies.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Bitso’s affiliate program
Bitso cryptocurrency exchange doesn’t have a referral (affiliate) program. Traders who cooperate with this crypto exchange can only earn by buying and selling cryptocurrencies in crypto-crypto and crypto-fiat pairs. The exchange does not offer alternative earnings options.
User Satisfaction