REMITANO Evaluate

Remitano is a web-based cryptocurrency alternate model which was arrange primarily to serve the emerging market economies of the world. Remitano is owned and operated by Babylon Solutions Ltd, a Seychelles-based company.

Remitano set up shop in 2014 and was born out of the growing demand for Bitcoin trading within the rising markets of Africa, South America, and the Middle East. Remitano provides the trading of Bitcoin, Ethereum, Tether and Bitcoin Cash.

Remitano provides a platform where holders of those cryptocurrencies can trade with each other. Remitano holds buyers’ funds in escrow, then allows sellers to list their crypto assets for sale. When a seller completes the switch of the altcoin or Bitcoin to the customer’s wallet, Remitano places this in an escrow pockets, thus locking them. The customer then transfers the agreed trade quantity in fiat currency to the vendor’s account, and takes a transaction payment for the service offered, then remits the locked coins to the buyer.

Regulation
Just like many different exchanges around the globe, Remitano just isn’t a regulated alternate and doesn’t operate in a regulated environment. Seychelles traditionally has a very liberal view on monetary market regulation so it is very possible that even if rules are instituted, enforcement will be minimal.

Reliability
So far, aside from just a few minor cases of attempted scams by sellers (which had been detected and dealt with by the Remitano workforce), Remitano has confirmed to be a reliable exchange. Peer-to-peer direct transactions between parties are one of the topmost methods of cryptocurrency trading, and by offering a safe setting for consumers and sellers to transact, Remitano has brought some reliability and transparency to the change ecosystem.

Remitano has in place some safety features to improve the reliability of its platform.

A 2-factor authentication process for initiating transactions.
The escrow system.
The seller popularity metrics system which gives loads of data that a buyer can use in assessing the authenticity of a seller.
Feedback scoring system.
A full KYC process where sellers are identified by their government ID documents.
Login safety using an e-mail verification system.
Trade timeouts after a interval of inactivity, which requires the parties to start the process once more and determine themselves.

Trading Platforms
Remitano options two platforms on which its service is run.

There is a web-based mostly platform which enables patrons and sellers to attach with every other. The web-based mostly platform features the trading interface which lists sellers as well as their fame metrics.

Remitano Mobile Trading
There is additionally the mobile app which is featured on the App Store and Google Play store. It gives the same features as the web-based portal and is suitable for individuals who like to conduct transactions on the go.

Trade Types/Instruments
Remitano gives users the chance to buy or sell the following cryptocurrency property in alternate for fiat forex:

Bitcoin (BTC)
Ether (ETH)
Tether (USDT)
Bitcoin Money (BCH)
The trades are strictly on a buy or sell basis. The sellers list the prices at which they will promote their crypto assets. Buyers have the freedom of scrolling via the list of sellers and the prices at which they are going to sell their crypto belongings and make their trade decisions accordingly.

Account Types
Three account types exist on Remitano. These are:

Starter
Gold
Platinum
Commissions and Spreads
The charge structure on Remitano may be very simple. The company takes a 1% transaction cost on all transactions finished between buyers and sellers, as payment for its escrow service. This charge additionally covers the Bitcoin transaction cost paid to miners. The charge is taken upfront when the listing is done.

Tags:

About shonahernsheim7