What is Bitso? If you’ve been in the cryptocurrency world for a while, this name will sound familiar to you. However, if you are new to it, you should know that Bitso is a platform to buy Bitcoins, Ethereen, and other cryptocurrencies available in the cryptocurrency market. It is available on the website and as a mobile application for iOS and Android. Since its launch in Mexico in 2014, it has positioned itself as a great exponent in the dealer market largely because of its ease of use.
Bitso is a popular app with interesting tools, but as with any product, it’s always convenient to compare options. In fact, searching for “bitcoin app” on Google Play will return a hundred results from applications that can buy both bitcoins and other cryptocurrencies. The range is wide: there are apps to buy and sell, others to trade; Apps for beginners and others with tools for professional use. Commissions are also important, and some apps are more convenient than others because of the fees they charge.
We introduce you 5 alternativas a Bitso Here’s a great way to compare options and find your ideal cryptocurrency app
Bingbon originated in Singapore in 2018 and in just a few years reached a base of more than 300,000 users around the world who process around $ 500 million daily on its platform. As an application, Bingbon is a kind of Swiss Army Knife that includes not only trading in cryptocurrencies, but also FOREX and raw materials.
In Bingbon you can buy 14 cryptocurrencies, more than what Bitso offers. You can also trade the NASDAQ 100, DOW JONES IA and 6 other stock indices. However, one of the most popular features is Copy Trade, which allows users to mimic the moves of successful investors to make it easier for newcomers to the world of investing.
On the other hand, transactions in Bingbon are made through futures or derivative contracts, which reduces the volatility normally associated with cryptocurrencies. BTC / USDT contracts can leverage up to 150x leverage, one of the highest on the market, but only recommended for experienced traders. And let’s not forget the commissions: Bingbon charges 0.045% buyer fee and 0.020% manufacturer fee, a more competitive rate than Bitso.
Bingbon is available on its website in 9 languages, including Spanish, English, and Korean. There is also an app for iOS and Android.
This application has more than eight years of experience and a wide portfolio of cryptocurrencies: around 50 to buy, sell or transfer. Operated out of the USA but used in more than 100 countries around the world, one of the advantages is the clarity of the user interface, which makes it very easy to use even on Android or iOS. Commissions can vary from country to country, but in the US Coinbase charges a commission of 0.50% on cryptocurrency transactions.
Ripio is one of the most interesting examples of cryptocurrency applications in South America. It was created in Argentina in 2013 and was originally called Bitpagos. The company operates in this country as well as in Brazil and Mexico. The main product is a virtual wallet for buying, selling and storing cryptocurrencies, with the most popular Bitcoin, Ethereum and Dai from a list of 8 currencies available to buy or exchange.
Coinmama is an Ireland based company with a friendly platform available almost anywhere in the world to buy cryptocurrencies like Bitcoin, Ethereum or Litecoin. Accepted payment methods are bank, SWIFT or SEPA transfers as well as credit or debit cards. Unlike other platforms such as Bingbon, Coinmama doesn’t have a trading system, but its basic trading services are easy to use for users who don’t know much about cryptocurrencies.
Originally founded in China, however, due to increasing regulations on cryptocurrencies, he left that country to settle in Malta. Binance is one of the cryptocurrency buying applications with the most users around the world and available in about twenty countries. In addition, it has its own crypto called Binance Coin which acts as the main payment method within the platform and which has been increasing in value recently.
Another service is a debit card that works with cryptocurrencies and can be paid for in facilities directly from the balance of your virtual wallet. Trading Bitcoin within the platform has a maker / taker commission of 0.075%.
The world of cryptocurrencies is growing, and as you can see, so are the applications that are designed to buy or sell these virtual currencies. For this reason, it comes in handy to read up on the different options in order to choose the one that suits you best in terms of commissions, ease of use, and features, whether you are a seasoned trader or a newbie to these platforms.