REMITANO Evaluation  

REMITANO Evaluation

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

Remitano arrange shop in 2014 and was born out of the rising demand for Bitcoin trading in the rising markets of Africa, South America, and the Middle East. Remitano gives the trading of Bitcoin, Ethereum, Tether and Bitcoin Cash.


Remitano offers a platform the place holders of these cryptocurrencies can trade with each other. Remitano holds patrons’ funds in escrow, then permits sellers to list their crypto belongings for sale. When a vendor completes the transfer of the altcoin or Bitcoin to the buyer’s pockets, Remitano places this in an escrow wallet, thus locking them. The customer then transfers the agreed trade amount in fiat currency to the seller’s account, and takes a transaction payment for the service supplied, then remits the locked cash to the buyer.

Regulation
Just like many other exchanges around the globe, Remitano is not a regulated exchange and does not operate in a regulated environment. Seychelles traditionally has a very liberal view on financial market regulation so it is vitally possible that even if laws are instituted, enforcement will be minimal.

Reliability
So far, aside from just a few minor cases of tried scams by sellers (which have been detected and handled by the Remitano staff), Remitano has proven to be a reliable exchange. Peer-to-peer direct transactions between parties are one of many topmost strategies of cryptocurrency trading, and by offering a protected environment for consumers and sellers to transact, Remitano has introduced some reliability and transparency to the exchange ecosystem.

Remitano has in place some security measures to improve the reliability of its platform.

A 2-factor authentication process for initiating transactions.
The escrow system.
The seller popularity metrics system which offers quite a lot of data that a buyer can use in assessing the authenticity of a seller.
Feedback scoring system.
A full KYC process where sellers are recognized by their authorities ID documents.
Login protection utilizing an e-mail verification system.
Trade timeouts after a period of inactivity, which requires the events to begin the process once more and identify themselves.

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

There's a web-primarily based platform which enables buyers and sellers to connect with every other. The web-primarily based platform features the trading interface which lists sellers as well as their popularity metrics.

Remitano Mobile Trading
There may be also the mobile app which is featured on the App Store and Google Play store. It provides the same features as the web-primarily based portal and is suitable for individuals who prefer to conduct transactions on the go.

Trade Types/Instruments
Remitano offers users the opportunity to purchase or sell the next cryptocurrency property in alternate for fiat foreign money:

Bitcoin (BTC)
Ether (ETH)
Tether (USDT)
Bitcoin Cash (BCH)
The trades are strictly on a purchase or sell basis. The sellers list the prices at which they will promote their crypto assets. Buyers have the freedom of scrolling through the list of sellers and the costs at which they will promote their crypto assets and make their trade choices accordingly.

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

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

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