remitano review

Remitano Review: Is It Safe & Legit, or a Scam?

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Remitano is a cryptocurrency exchange owned by Babylon Solutions Limited. It was set up in 2014 to meet the growing demand for bitcoin trading in Africa, America and the Middle east. The platform accepts Ethereum, Bitcoin, Tether and Bitcoin cash.

Trading

With a loaded Remitano account, you will have the opportunity to trade with other users on the platform. Buyers’ funds are stored in Escrow. Once the seller lists their crypto items for sale, Remitano also places them in an Escrow wallet and grants the buyer access after the seller confirms receipt of payment. Remitano features three types of accounts – starter, gold and platinum. It charges a commission of one percent on all transactions.

remitano stats

Peer To Peer Transactions

For many popular trading platforms, peer to peer computing is used to ensure the safety of buyer and seller funds. Remitano utilizes this concept to achieve a high level of transparency and reliability. This helps weed out any fraudulent activities since the 2-factor authentication is also employed on the website.

Instant Bitcoin Delivery

As soon as you make payment via Remitano, your wallet will be credited with the requested amount of bitcoin instantly. For any payments made by wire transfer or money order, the transactions will be processed between 24 and 48 hours after receipt of payment. When using these two methods, the bitcoin price is determined by the time of receipt of funds, thus you may receive more or fewer bitcoins than expected.

Multiple Trading Platforms

Trading using Remitano gives you a chance to select from a web-based platform as well as a mobile app. The web-based platform offers features that are common to most online trading portals such as a list of sellers and their trading history. The mobile app is available on the Google play store and also features most of the aspects found on the web-based platform.

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