Bitso is a Mexican crypto exchange that promotes awareness and use of crypto in Mexico and other Spanish-speaking countries. Customers can buy and sell Bitcoins, Ether, and other currencies from their cell phones.
Bitso allegedly has over 1 million users and offers two main products: its mobile app designed for buying, selling and using cryptocurrencies, and Bitso Alpha, a cryptocurrency exchange that reportedly offers speed, precision and high liquidity and allows trading with technical and graphical analysis tools.
Users can access USD (U.S. dollar), ARS (Argentine pesos), and MXN (Mexican pesos) on/off ramps, as well as on/off ramps to USD books with a variety of stablecoins.
For deposits and withdrawals, Bitso uses the Ripple payment gateway. In addition to the desktop version, the platform also offers a Bitso app for buying, selling, sending and receiving cryptocurrencies via mobile devices.
Users cannot deposit or trade anything after registering, as the limit is zero. They need to fill in a few more details to increase the monthly deposit and withdrawal limit to $185.00. Users will need to provide their name, date of birth, gender, employment, source of funds, PEP status, and phone number.
Monthly withdrawal and deposit limits can be increased to $750.00 and $1,500.00, respectively.
Bitso was the first Latin American company and one of the few cryptocurrency platforms regulated by the Gibraltar Financial Services Commission under its Distributed Ledger Technology Framework.
We could not detect any irregularities around Bitso and therefore rate it green.