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25 Review
-106.75 Karma

Review on Bitso by Manzama-esso TEBIE

Revainrating 5 out of 5

Bitso is a mexican platform of exchange.

The platform is pretty accessible and easy to use, as their advertisements suggest. Firstly, the minimum purchase amount is low enough for the exchange to cater to a wide variety of people from different economic backgrounds. Users can start off with as little as 100 MXN, which averages around 5.27 USD. The trading fees on the platform vary from a maximum of 1% to a minimum of 0.1%. Keeping in mind the global industry average of 0.25%, whether or not the trading fees are an advantage depends on the trade volume of the user. Its withdrawal fee is also 0.001 BTX, as of June 2017, which is above the global industry average.



Pros
  • Download for android and ios.
  • Bank transfert is available.
Cons
  • High tranding fees.
  • No leveraged trading.

Comments (1)

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April 26, 2020
The exchange also offers trading with a high number of other traders, though the current user number data is not available.