Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
Like most exchanges, there is always a security risk. Bitso states that they “follow the best security practices and processes in the industry”. This is reassuring but the risk of a hack it just as likely anywhere else.
Bitso charges a converting fee when you turn you Pesos into cryptocurrency. Depending on the trading volume, Bitso will charge up to 1%. The higher the trading volume the lower the fee.
Bitso allows their users to exchange Bitcoin, Ethereum, Ripple, and Bitcoin Cash. You can buy these coins using the Mexican Peso.
Ease of Use
For the most part, Bitso is pretty intuitive. Like most exchanges, it doesn’t take too long to figure out how it works. The one thing we really like about Bitso though is that it provides helpful tutorial videos on its website to help you with any problems you might run into.
Overall Bitso is really only good for people living in Mexico. If you live in Mexico then this will be a great exchange to get started in. If you don’t live in Mexico then you’ll want to look elsewhere.