Remitano is a peer-to-peer online marketplace that allows buyers and sellers to trade cryptocurrencies directly with one another. The marketplace uses a safe system called escrow.
An escrow is a form of agreement or contract. A third party helps the buyer and seller hold their currency or product during a transaction and then gives it back to the deserving party after the transaction is completed.
Remitano provides a safe and secured environment for cryptocurrency buyers and sellers to carry out transactions. The platform is available for users in over 30 countries such as Nigeria, Ghana, Vietnam, South Africa, Algeria, India, United Kingdom, United States, etc.
History of Remitano
Remitano was founded in April 2016 by Babylon Solutions Limited, which is headquartered in Seychelles. It was first launched as a peer-to-peer bitcoin exchange platform, but later delved into other services and served as an exchange for other cryptocurrencies. Nigeria is one of Remitano’s biggest cryptocurrency exchange markets.
Features and Benefits of Remitano
Remitano has many features and benefits that help its users buy and sell their cryptocurrencies easily and safely. Some of these features include the following.
- User friendly and fast transaction
Remitano offers easy accessibility and usage for its user and processes transactions at a very fast rate.
- High security
Remitano provides a high-security level to its users using Escrow, which prevents any forms of cheating and scamming. The platform also makes sure its users are verified by making sure some required documents are submitted.
There is also buyer and seller transparency where you can view the buyer or seller’s profile before initiating a transaction. There is a 2-Factor authentication security for extra security where you will need a one time password whenever you request for withdrawal or log in.
- Mobile app
Remitano has a mobile application that is available to both Android and IOS users and can be downloaded from the Google Play Store and Apple App store.
- 24/7 customer support
Remitano provides its users with 24/7 customer support which can be contacted either by click on the Help button to chat with their customer service, you can also contact them through their email or social media.
- Multiple currencies (both crypto and fiat)
- Affiliate program
The platform runs a referral program that allows its users to earn whenever you invite a person to register and use the platform. You can earn as much as 0.01btc per person you register, depending on the number of transactions they make on the platform.
- Multiple payment method
Remitano supports the use of various payment methods when finalizing a transaction, such as the use of fiat currency or cryptocurrency as a mode of payment.
- P2P Exchange
Users can buy and sell cryptocurrencies with their country’s local currency from one another directly on the P2P exchange platform.
- Investment platform
This platform was launched on Remitano in 2019 and allows users to invest in cryptocurrencies of their choice and make profit from them when the value of the cryptocurrency increases.
- Remitano swap
This allows you to be able to swap one cryptocurrency for another easily on Remitano.
How Remitano Works
To use Remitano you have to register first by using their website or by downloading the App and then filling the registration form with the required details.
- Transaction fee
A fee is attached to every transaction you make on the platform but the fees differ depending on the type of transaction and method of purchasing the cryptocurrencies. The types of transaction fees in Remitano include investment fees, P2P exchange fees, and the deposit and withdrawal fee.
The platform also serves a wallet where you can store your currencies. Initially, Remitano wallets only supported the storage of cryptocurrencies alone, but recently, a fiat wallet feature was added but can only support the storage of the Nigerian Naira and Vietnamese Dong.
Initially, Bitcoin was the only cryptocurrency that was traded on Remitano, but as time passed and more upgrades were made, other cryptocurrencies were added, and now you can use your credit card to make purchases on the platform.
How to use Remitano
Remitano- An excellent p2p platform for quick purchases of cryptocurrencies
Remitano has proven to be a reliable and user-friendly exchange that allows its users to trade cryptocurrency. It also enables users to invest in cryptocurrencies, swap, and earn from their referral program. Remitano is one of Nigeria’s most popular exchanges and has a significant share of Africa’s largest crypto market.
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