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Bitso Trading Signals - TU Expert review

Updated: November 14, 2023
Mikhail Vnuchkov
Contributor
Opinions expressed by Traders Union Contributors are their own.
Reviewed by
Olga Shendetskaya
Editor
Full Bitso
overview
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Bitso Fees and Minimum Deposit

Table of Contents

  • Intro
  • Short introduction
  • Pros and cons
  • What are trading signals?
  • Bitso Trading Signals
  • Conclusions
  • FAQs
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Bitso trading signals. You will learn what kinds of trading signals Bitso offers and what the conditions for using them are.

Short introduction of 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.

💰 Account currency: Cryptocurrencies, currencies
🚀 Minimum deposit: 100 USD
⚖️ Leverage: 1:1
💱 Spread: Market
🔧 Instruments: BTC, ETH, TUSD, XRP, DAI, LTC, MAHA, DCH, BAT, USD, MXN, ARS, BRL, and fiat
💹 Margin Call / Stop Out: No

Bitso Pros and Cons

👍 Advantages of trading with Bitso:

•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.

👎 Disadvantages of Bitso:

•significant minimum deposit ($100);

•no demo account or training courses;

•no referral or investment programs.

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

  • Copy trading.

  • Email alerts.

  • Signals through a blog on the website.

  • Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Bitso Trading Signals

Information

The Bitso cryptocurrency exchange offers a commission and fee system that is quite different from the solutions of other crypto exchanges. It is based on two factors – the market and trading volume. It offers six markets with different fees. Thus, the Bitso markets to the:

  • Mexican peso (MXN);

  • Bitcoin (BTC);

  • Argentine peso (ARS);

  • stablecoin DAI;

  • US dollar (USD);

  • 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 Spread (minimum value) Withdrawal commission
Standard from 0.05% Yes

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Bitso does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

See related articles in our selection:

FAQs

How are the signals provided via a newsletter?

A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.

In which form can signals be provided?

Signals can be provided as copy trading, newsletters, alerts, blog articles, etc.

Is automatic position opening based on signals possible?

Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

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