About Bitso
Bitso is a cryptocurrency exchange and financial technology platform originally founded in Mexico, now serving users in Latin America and Europe. Established in 2014, Bitso has positioned itself as a gateway for buying, selling, and trading a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and others. Its core services include secure crypto trading, seamless fiat on/off ramps, multi-currency support (including Euro deposits and withdrawals), and dedicated solutions for cross-border remittances.
Bitso offers a user-friendly web and mobile application equipped with robust security measures such as two-factor authentication, cold storage for most assets, and compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. The platform employs a transparent fee structure and supports developers and businesses via its API offerings.
In Europe, Bitso facilitates Euro transactions, allowing EU residents to fund accounts, trade, and withdraw in EUR efficiently. The platform targets both individual users and institutions, aiming to streamline crypto access and international payments. While Bitso stands out for its competitive transaction fees and remittance capabilities, it continues to expand its market presence and service depth within Europe. Still new compared to established EU competitors, Bitso is seeking to differentiate itself through reliability, regulatory alignment, and ease of use for entry-level and seasoned crypto users alike.
Pro's of using Bitso
- Euro Support: Enables deposits and withdrawals in Euros, making it suitable for European users seeking entry to crypto.
- Low, Transparent Fees: Competitive trading and transaction fees, helping optimize costs for active traders.
- User-Friendly Platform: Offers intuitive mobile and web apps, accessible for both beginners and experienced traders.
- Secure Operations: Implements industry-standard security (cold storage, 2FA, AML/KYC compliance) to safeguard user funds.
- Strong Remittance Features: Efficient cross-border payment services leveraging crypto can reduce time and costs.
Con's of using Bitso
- Market Share in Europe: Newer to the EU market, lacks the deep liquidity and fiat options of established European exchanges.
- Asset Selection: Does not offer as wide a range of cryptocurrencies as major global platforms; niche tokens may be absent.
- Customer Support: Reports indicate slower response times during periods of high demand.
- Regulatory Uncertainty: Future EU crypto regulations (e.g. MiCA) could impact features, fees, or service availability.
- Transaction Limits: Deposit and withdrawal limits vary by verification level, which may restrict high-volume users.
What are alternatives for Bitso
- Coinbase: Major global exchange with SEPA Euro deposits/withdrawals, excellent security, and beginner-friendly interface.
- Kraken: Established US-based exchange supporting Euros, competitive fees, wide crypto selection, and strong regulatory compliance.
- Bitstamp: Luxembourg-based, among the most trusted European exchanges with robust Euro support and compliance credentials.
- Binance Europe: Offers extensive crypto options and Euro on/off ramps but may face regulatory challenges in some EU states.
- Bitpanda: Vienna-based platform with SEPA transfers, user-friendly design, and competitive fees, tailored for European customers.