About Bitso Cryptocurrency Exchange
Bitso Cryptocurrency Exchange is a cryptocurrency platform in Latin America. Founded in 2014, it claims to be the first and only crypto platform in the zone to be regulated. Claiming to have more than 1 million users, The offers two main products: its mobile app, designed to buy, sell and use cryptocurrencies and Alpha, a cryptocurrency exchange that reportedly offers speed, precision, and high-liquidity and enables trading with technical and graphical analysis tools.
Users can access USD (US dollars), ARS (Argentinian Pesos) and MXN (Mexican pesos) on/off ramps, as well as on/off ramp to USD books with a variety of stablecoins. Users can trade with Bitso via its trading platform, Bitso Alpha, or through API, which allows them to create complex automated trading strategies that can be backtested against historical data.
Currencies listed on Bitso Cryptocurrency Exchange are Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Basic Attention Token (BAT), Golem (GNT), True USD (TUSD), Decentraland (MANA) and DAI (DAI).
Basic Information
| Exchange | Details |
|---|---|
| Exchange Name | Bitso Cryptocurrency Exchange |
| Exchange Type | Cryptocurrency |
| Min Deposit | Free |
| Withdraw Fee | 0.00002234 |
| Maker Fee | 0.075% |
| Taker Fee | 0.098% |
| Support | 24/7 |
| Website | Homepage |
How To Sign Up & Start Trading
Trading fees
The trading fees you pay decrease as your volume increases within a 30-day range and are both based on a Maker-Taker scheme.
The fees you pay may be updated with up to 5 minutes delay after a certain volume threshold is reached.
The orders denominated as Taker take the liquidity of the market to consume a purchase or sale order previously placed by a Maker. Learn more.Markets vs USD stablecoins (USD)
| MAKER % | TAKER % | YOUR VOLUME USD |
|---|---|---|
| 0.095% | 0.099% | < 500,000 |
| 0.090% | 0.099% | > 500,000 |
| 0.084% | 0.099% | > 1,000,000 |
| 0.080% | 0.095% | > 1,500,000 |
| 0.075% | 0.090% | > 3,000,000 |
| 0.069% | 0.080% | > 5,000,000 |
| 0.060% | 0.069% | > 10,000,000 |
| 0.050% | 0.060% | > 15,000,000 |
| 0.040% | 0.050% | > 20,000,000 |
| 0.000% | 0.040% | > 30,000,000 |
Bitso Withdrawal fees
Bitso’s trading fees are a bit on the high end, but the withdrawal fees are on the other side of the spectrum. Bitso charges a dynamic withdrawal fee amounting to approx. 0.00002 BTC when withdrawing BTC. This fee is substantially below the industry average and constitutes a strong competitive advantage against the majority of other top crypto exchanges in the market. The current industry average BTC-withdrawal fee according to this report was 0.00053 BTC per BTC-withdrawal.
Deposit Methods
Bitso offers wire transfer as a deposit method, but you can’t deposit via credit card. This might of course be disadvantageous if you would prefer to use your credit card for any reason.
US-investors
Regardless of the partly frosty political situation between the countries, Bitso does accept US-investors from trading on its exchange. In any event, all US-investors should still do their own independent analysis of any problems arising from their residency or citizenship. In a worst-case scenario, they could still be prohibited from trading at one or several exchanges that would otherwise be the best cryptocurrency exchange site for them.
Mobile Support
Bitso offers its trading platform as a mobile application as well. You can download it in the App Store. Or, if you have an Android, in Google Play.
Bitso Advantages
Bitso states five different things as their main advantages. First off, they say that the exchange is “easy and accessible”. Second, that you can fund and withdraw from your account easily. Third, the security is strong with the “most effective technology”. Fourth, somewhat tying into the third, they use multi-sig wallets. And fifth, they have powerful APIs, meaning that you can build applications with Bitso. The latter advantage is presumably only interesting to a fraction of the potential users of the platform.