Bitso - What makes it more exceptional than the others?

 Bitso is a Mexican cryptocurrency exchange that was founded in the year 2014. Three men named Pablo Gonzalez, Ben Peters, and Daniel Vogel are the founders of this exchange. Only Bitso is the exchange allowing users to deal in Mexican Pesos. This article has all the relevant information you should be aware of before reaching a conclusion about this crypto exchange.  

What attracts the users to Bitso?

The simple and short reasons why a user would prefer to use Bitso are given as follows:

• The simple process of registration attracts users. 
• Low trading fee structure.
• An interface that is easy to understand.
• Numerous available cryptocurrencies.
• An efficient customer service that resolves the issues as fast as possible.
• Mobile application is also available that makes it easily accessible for the users. 

Modes of Deposit and Withdrawal on Bitso

As we have already discussed that the main currency that Bitso deals in is Mexican, then it is obvious that its deposit and withdrawal method would also be through the Mexican banking network.

Accepted Deposit Methods

• Ripple Gateway
• International Bank Wire
• SPEI Network

Accepted withdrawal Modes

• International Bank Wire
• Ripple Gateway
• Ether Wallets
• Bitcoin Withdrawals
• SPEI

Chargeable fees under Bitso

This is the first question that comes into the mind of the user whenever they hear the name of any cryptocurrency platform. Because fees to be charged plays an important role in determining whether the trader should explore the platform or not. 

Therefore, to help with your decision-making process, we brought you the trading and withdrawal fees that are charged by Bitso.

Trade Charges

We know that a trade takes place between two parties, one the maker who usually makes the order and then places it in the order book. The taker takes the order from the order book as per his needs that are given in the order book. Makers create liquidity in the market and the takers lower the liquidity by making the purchase. 

The trading fee of makers is 0.075% it may seem slightly lower if compared with the charged fee of the taker. It happens because the makers are the liquidity creators. And if we talk about the taker fees, then it is 0.098%. 

Withdrawal Charges

If you think that the trading fees of Bitso are higher than after looking at its withdrawal fees, you might get some relief. The minimum withdrawal fee of Bitso is 0.00002 BTC if you withdraw BTC. As per the reports, the withdrawal fee here is even lower than the average market rate.

Summing it up

Bitso is a good cryptocurrency platform which is highly beneficial if you want to make dealings using Mexican pesos. Plus, it also offers good customer care services that ensure quick resolution of any customer issues. Therefore, it is highly preferable for Mexican dealers or those who want to invest using Mexican Pesos as it has a high market presence in the Mexican market. We hope that our blog helped in determining your decision.