Bitso is a leading centralized cryptocurrency exchange that currently ranks #54 on the global exchange tracker, with a robust 24-hour trading volume of $49,338,567** and an impressive weekly volume exceeding **$35 billion. As one of the most prominent CEXs in Latin America, Bitso has established itself as a trusted gateway for individuals seeking seamless access to digital assets across Mexico, Argentina, Brazil, and beyond.
With 72 cryptocurrencies, 4 fiat currencies, and 102 active trading pairs, Bitso offers a comprehensive ecosystem tailored to both novice users and experienced traders. The platform supports over 5 million users and continues to expand its financial services, blending traditional banking features with innovative crypto solutions.
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Key Features and Trading Capabilities
Bitso provides a dual-platform experience: the main mobile app designed for everyday users to buy, sell, and manage digital currencies, and Bitso Alpha, a professional-grade trading interface offering advanced tools for technical analysis, real-time price tracking, and high-speed execution.
The exchange supports three core transaction types:
- Fiat-to-crypto
- Crypto-to-fiat
- Crypto-to-crypto
This flexibility allows users from various regions to seamlessly enter and exit positions using familiar local currencies. Supported fiat options include the Mexican peso (MXN), Argentinian peso (ARS), Brazilian real (BRL), and US dollar (USD). International users can link their bank accounts and convert funds into MXN instantly to complete transactions.
With 46 tradable assets and more than 70 trading pairs, Bitso ensures ample liquidity and market depth. The platform enables spot trading as well as margin trading with variable leverage, depending on the specific asset and market conditions. This makes it suitable for both conservative investors and those pursuing more aggressive strategies.
Yielding Opportunities Through Bitso+
One of Bitso’s standout offerings is Bitso+, a flexible yield-generating program that allows users to earn returns on holdings of USDT, BTC, and ETH. Unlike traditional fixed-term deposits, funds in Bitso+ remain fully accessible at all times—users can withdraw or trade without penalties.
Yields are calculated at an annual rate of 2% and distributed every Monday directly into the user’s account. There are no hidden fees or minimum balance requirements, making it an attractive option for passive income seekers in the crypto space.
Deposit and Withdrawal Fees
Bitso maintains a competitive fee structure designed to minimize friction for users:
- Deposits: Most deposit methods are free, including bank transfers in local currencies.
- USDT (ERC-20): A flat withdrawal fee of $0.96 applies.
- Bitcoin (BTC): Withdrawals cost 0.00010074 BTC.
- Ethereum (ETH): A network-based fee of 0.00031800 ETH is charged per transaction.
- Local currency withdrawals: Completely free of charge.
Notably, only USDT bank transfers incur a $10 fee. All other standard deposits are free, enhancing accessibility for new users entering the crypto economy.
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Additional Financial Services
Beyond trading and yielding, Bitso integrates several value-added financial services that bridge the gap between traditional finance and digital assets.
Bitso Card – Spend Crypto, Earn Bitcoin
The Bitso Card—available as both digital and physical versions—allows users to spend their MXN balance directly at merchants while earning cashback in BTC on every purchase. This feature incentivizes daily crypto usage and promotes broader adoption by turning routine spending into an investment opportunity.
International and Domestic USD Transfers
Bitso facilitates cross-border transactions through two key transfer systems:
- International USD Transfers: Users can send or receive USD via SWIFT or IBAN. Incoming deposits are converted into USD stablecoins (e.g., USDC or USDT) at face value. While deposits are free, outgoing transfers carry a fixed $12 fee, regardless of amount. Processing typically takes around 6 business hours.
- US Domestic Wire Transfers: For U.S.-based users, direct ACH-style transfers allow quick movement of USD between U.S. bank accounts and Bitso wallets. Like international transfers, incoming wires are free; outgoing ones cost $12 flat.
These features make Bitso a powerful tool for remittances and international commerce, especially for Latin American users receiving funds from abroad.
BitsoPay – Borderless Bitcoin Payments
BitsoPay enables merchants and individuals to accept Bitcoin payments instantly across borders—with zero fees. This service is particularly valuable for freelancers, small businesses, and cross-border traders looking to reduce transaction costs.
Additionally, Bitso has partnered with major retail chains including 7-Eleven and Oxxo, integrating over 135,000 convenience stores across Mexico where users can deposit cash to fund their fiat trading accounts—a critical feature for unbanked or underbanked populations.
Company Background and Security
Founded in 2014 by entrepreneurs Ben Peters, Daniel Vogel, and Pablo Gonzalez, Bitso is headquartered in Mexico City (CDMX). It made history as the first exchange to offer cryptocurrency trading paired with the Mexican peso, positioning itself as a stable alternative during periods of local financial volatility.
A notable milestone came in 2016 when Bitso partnered with Zmart Group to launch over-the-counter Bitcoin sales in convenience stores nationwide. In 2021, its daily trading volume neared $45 million, reflecting rapid regional adoption.
While no customer funds have ever been compromised due to hacking, Bitso did experience a minor security incident in 2017 caused by a technical flaw. The team promptly addressed the issue, issued a public apology, and reinforced its security protocols—demonstrating transparency and commitment to user trust.
Frequently Asked Questions (FAQ)
Q: Is Bitso available outside Latin America?
A: Yes, Bitso accepts users from all countries without regional restrictions. However, its primary services are optimized for Spanish-speaking markets in Latin America.
Q: Does Bitso require KYC verification?
A: Yes, all users must complete KYC during registration by submitting government-issued ID, passport, or similar identity documentation.
Q: Can I earn interest on my crypto holdings with Bitso?
A: Yes, through the Bitso+ program, you can earn 2% APY on USDT, BTC, and ETH holdings with no lock-up period.
Q: Are there fees for sending USD via Bitso?
A: Sending USD internationally or domestically via Bitso incurs a fixed $12 fee per transaction. Receiving USD is completely free.
Q: What cryptocurrencies does Bitso support?
A: Bitso lists 72 cryptocurrencies including major assets like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others popular in emerging markets.
Q: How does Bitso ensure user fund security?
A: While there was a minor technical breach in 2017, no customer funds were lost. Bitso employs industry-standard security practices and remains committed to platform integrity.
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