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Bitso Exchange Review: Mexican Fiat to Crypto Exchange

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What is Bitso?

Bitso is one of the most popular cryptocurrency exchanges based in Mexico. The exchange headquarters is located in Mexico City. Bitso exchange was created by three individuals namely Ben Peters, Daniel Vogel, and Pablo Gonzalez. It was founded in the year 2014.

Bitso is the first cryptocurrency exchange in the industry to offer cryptocurrency trading against the Mexican peso. Apart from cryptocurrency trading services, Bitso also offers cryptocurrency payment services as well. Bitso also has its mobile app for iOS and Android.

Bitso Fees and Limits

The trading fee for takers in Bitso is 0.075%. There is a slight discount on the trading fee for the makers who trade with a trading fee of 0.098%. These fees are below the industry average which has been around 0.25%.

Bitso charges a convenient withdrawal fee amounting to nearly 0.0003 BTC when withdrawing BTC. The Bitso exchange offers wire transfer and cryptocurrency as the deposit methods.

Bitso is a secure and a reliable cryptocurrency exchange. However, they support Mexican peso as the only fiat currency deposits option. They have very low fees and they support trading for several types of cryptos and not just Bitcoin.

The customer support is fairly comprehensive with sufficient materials to give you a good idea what cryptocurrency trading is all about. Thus the Bitso exchange is one of the best exchanges in Latin America which provides an excellent trading platform for its users.

Source: CoinPedia

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