Bitso Exchange: A Gateway to Crypto in Mexico
Established in 2014, and founded by Ben Peters, Daniel Vogel, and Pablo Gonzalez, it's the first platform in the industry to offer cryptocurrency trading against the Mexican peso. Beyond trading, Bitso extends its services to facilitate cryptocurrency payments for Mexican merchants, playing a pivotal role in integrating Mexico’s unbanked population into the formal economy.
Bitso’s Services
Bitso’s platform is dual-faceted, functioning as both a wallet and an exchange. Users can deposit, withdraw, and convert cryptocurrencies, as well as engage in trading activities. The wallet supports Bitcoin, Bitcoin Cash, Ethereum, and Ripple, providing a comprehensive view of balances and transaction history. The exchange side is equipped with features like limit orders, allowing users to set specific price points for their trades.
Mobile Accessibility
In tune with the mobile-first approach, Bitso also offers a mobile app, enabling users to manage their cryptocurrencies on the go. The app facilitates buying, selling, and transferring cryptocurrencies globally.
Financial Aspects
Bitso caters to the local market with deposit and withdrawal options through the Mexican SPEI banking network. The platform supports various deposit methods, including international bank wire and Ripple Gateway, with a fee structure that rewards volume trading with discounts.
Security and Support
Security is a top priority, with measures like multisig wallets and two-factor authentication in place. Bitso requires verification to comply with KYC and AML regulations, offering three levels of verification with corresponding benefits. Customer support is robust, featuring a comprehensive help center, support tickets, and live chat.
FAQs
How do I sell my Bitcoin on Bitso?
You can sell your Bitcoin through the “Quick sale” or “Limited Sale” options on the platform.
What if I lose my transaction NIP?
You can reset your transaction NIP by logging into your Bitso account and following the reset process.
How to withdraw BTC from Bitso?
Go to the withdrawal section, enter the amount and address you wish to withdraw to, and confirm with your transaction NIP.
