Bitso stands as a leading cryptocurrency exchange in Latin America, offering 50+ cryptocurrencies with competitive trading fees ranging from 0.04% to 0.30%. Key features include an Earnings program for passive income (up to 18.2% APY), a Crypto Debit Card, and multi-currency support. However, US clients are restricted.
Bitso Exchange Overview
Founded in 2014 by Ben Peters, Daniel Vogel, and Pablo Gonzalez, Bitso operates under licenses from the Gibraltar Financial Services Commission (GFSC) and holds regulatory approvals in Mexico, Brazil, and Argentina.
Key Statistics:
- 8M+ users globally
- $3B+ in cryptocurrency transfers
- 1,700+ corporate clients
👉 Explore Bitso’s trading platform
Standout Features of Bitso
| Feature | Description |
|---|---|
| Trading Fees | Volume-based discounts (0.04%–0.30%) |
| Supported Coins | 50+ (BTC, ETH, USDT, ADA, etc.) |
| Fiat Support | MXN, BRL, ARS, COP, USD (USDC) |
| Security | 2FA, Proof of Reserves, Coincover Insurance |
| Unique Offerings | Bitso Card (Mexico-only), Earnings Program |
Fee Structure
USD Market Fees (Volume-Based):
| Trading Volume (USD) | Maker Fee | Taker Fee |
|---|---|---|
| < $1,000 | 0.25% | 0.30% |
| > $30M | 0.04% | 0.05% |
- Zero fees for crypto/fiat deposits.
- Withdrawal fees vary by asset (e.g., BTC: 0.0005 BTC).
Supported Cryptocurrencies
Bitso lists assets across categories:
- Stablecoins: USDT, USDC, DAI
- Web3 Tokens: LINK, ATOM
- Earnings Program: ETH, SOL, DOT
Registration & Verification
- Sign Up: Provide email, password, and phone number.
- KYC: Submit ID (passport/license) and proof of address.
- Access: Full features unlocked post-verification.
👉 Start trading on Bitso today
Mobile Apps
- Bitso Alpha Pro: Advanced TradingView charts, limit orders.
- Bitso Simple Buy/Sell: User-friendly for beginners.
Security Measures
- Multi-Signature Wallets
- 2FA Mandatory
- Proof of Reserves audits
- No recorded hacks
Pros and Cons
Pros:
- Low trading fees for high-volume users.
- Fiat support for LATAM currencies.
- Insurance-backed custodial services.
Cons:
- No futures/leveraged trading.
- Bitso Card limited to Mexico.
- Poor TrustPilot rating (1.8/5).
FAQs
1. Is Bitso available in the US?
No, Bitso restricts users from the US and 32 other jurisdictions.
2. What is the minimum trade size?
$10 equivalent across markets.
3. How do I earn passive income on Bitso?
Stake coins like ETH or USDC via the Earnings program (up to 18.2% APY).
4. Does Bitso charge for fiat deposits?
No fees for MXN, BRL, or ARS bank transfers.
5. What security features does Bitso offer?
2FA, cold storage, and third-party audits via Coincover.
Final Verdict
Bitso excels in LATAM-focused crypto services with robust security and multi-currency support. While its lack of derivatives trading and regional restrictions may deter some, its low fees and staking options make it ideal for spot traders and passive income seekers.
For a broader selection of trading pairs, consider 👉 alternative exchanges.
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