Remitano is an online trading platform for peer-to-peer (P2P) cryptocurrencies marketplace that provide buying and selling cryptocurrency. The company was established in the year 2016 by Babylon solution Limited and headquarter in St Vincent and the Grenadines. Now the company has only 6 year in the peer-to-peer business. With over 30 countries supported worldwide including Vietnam, Malaysia, Nigeria, India, South Africa, Singapore, Cambodia, Kenya, Ghana, and Pakistan.
The Remitano allow their user to buy and sell cryptocurrency with two method either with crypto or fiat currencies. The platform provided a secure marketplace for international trade securely.
The platform support only six (6) crypto right now for deposition and withdrawal which include:
· Bitcoin (“BTC”)
· Bitcoin Cash (“BCH”)
· Ethereum (“ETH”)
· Litecoin (“LTC”)
· Ripple’s XRP (“XRP”)
· USD Tether (“USDT”)
And also for fiat currencies Remitano support the following countries’ currencies for deposition and withdrawal including:
· Indian Rupee,
· Indonesian Rupiah,
· Malaysian Ringgit,
· Nigerian Naira,
· Venezuelan Bolivar
· Vietnamese Dong.
After depositing crypto or fiat currency, the investors may invest into crypto with 2x margin or swap for other crypto. The following are the available crypto supported for swap in Remitano platforms include:
· Binance Coin (“BNB”)
· Cardano’s
· ADA (“ADA”),
· Chainlink (“LINK”),
· EOS (“EOS”),
· Ethereum Classic (“ETC”),
· Monero’s XMR (“XMR”),
· NEO (“NEO”),
· Stellar’s Lumen (“XML”),
· Tezos (“XTZ”),
· Tron’s TRX (“TRX”).
Remitano Pros and Cons
Pros:
- Fast deposition of coin and fiat currency
- Good customer support 24/7 fast respond to customers
- Swap feature allows investors to seamlessly exchange
- Instant purchase of Altcoin
- Supported Local bank transfer and credit/debit cards
- Easy registration and verification process
- Investors can utilize 2x margin to invest into cryptos to enhance earnings.
- No hidden fees
- Allow referral to Earn up to 40% commissions and an additional 10%
Cons:
· Limited number of cryptocurrencies pair for deposition and withdrawal.
· No Demo account for practicing
· Unregulated platform
Remitano Fees and ChargesRemitano is transparent with its fee structure, which varies depending upon payment methods
Trading Fees- The price which is displayed in the advertisement already includes trading fee and will be the final price. There are no additional hidden fees.
- Trading fee is calculated as 1% of the price set on the advertisement.
For Sellers: If you make an advertisement or offer to sell 1 BTC at $40,000, your actual receiving price is $40,000. The displayed price in the ad would be $40,000 + 1% of $40,000 = $40,400.
You will receive $40,400 in exchange for 1BTC + 1% of 1 BTC, equivalent to 1.01BTC. Here, 1 BTC will go to the buyer and 0.01BTC is the trading fee.For Buyers: If you make an advertisement or offer to buy 1 BTC at $40,000, then your actual paying price is $40,000 and the displayed price is $40,000 – 1% of $40,000 = $39,600. As the buyer, you pay $40,000 and do not pay other fees. The trading fee, in this case, is 1% of the total BTC amount.
Remitano Swap FeesThe exchange fee is 0.25%, which will be deducted from the estimated value when you open a SWAP order.
Remitano Invest FeesThe fee for investment is 1% of the total USDT you actually receive and is only charged when you have a profit.
This means that the amount of USDT after the fee cannot be lower than the investment amount.
When investing with 2x margin, the interest rate is 0.0010274% per hour.
Privacy and Security- Escrow: In Peer2Peer transactions, Remitano uses Escrow to hold cryptos before funds are transferred. This removes the risk of not receiving coins purchased once payment has been delivered.
- 2FA: Users may enable Authenticator Authentication in order to manage 2FA requirements.
Regulatory Compliance: Users have to go through a verification process that ranges from a level 1 phone verification to full verification. Transaction limits are then set based on a user’s verification level.
Customer SupportRemitano offers 24-7 customer support. Users may contact the customer support time throught Live Chat link located to the bottom right-hand side of your screen.
Simply click the “Chat” icon on the bottom right-hand-side of your Remitano page.
Here, you may either:
- Send a message. (Response times are provided).
- View all your conversations.
- Search articles in order to find your answer.
Social Media:
· Facebook: https://facebook.com/remitano
· Twitter: https://twitter.com/remitano
· LinkedIn: https://www.linkedin.com/company/remitano
· YouTube: https://www.youtube.com/c/Remitano/
Check Remitano
RISK DISCLAIMERS
This website includes information about cryptocurrencies, (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. knowaboutcryptocurrency.blogspot.com encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. All contents on this site is for educational, and informational purposes only and does not constitute any financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. Knowaboutcryptocurrency.blogspot.com may receive compensation from the brands or services mentioned on this website at no additional cost to you.
Risk Warning: Trading CFDs on leverage involves significant risk of loss to your capital.
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