Remitano is a web based cryptocurrency exchange 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 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 Center East. Remitano affords the trading of Bitcoin, Ethereum, Tether and Bitcoin Cash.
Remitano offers a platform where holders of those cryptocurrencies can trade with each other. Remitano holds patrons’ funds in escrow, then permits sellers to list their crypto property for sale. When a seller completes the transfer of the altcoin or Bitcoin to the buyer’s pockets, Remitano places this in an escrow wallet, thus locking them. The client then transfers the agreed alternate quantity in fiat forex to the vendor’s account, and takes a transaction fee for the service provided, then remits the locked coins to the buyer.
Just like many other exchanges all over the world, Remitano just isn't a regulated change and does not operate in a regulated environment. Seychelles traditionally has a very liberal view on financial market regulation so it is very doubtless that even when rules are instituted, enforcement will likely be minimal.
To this point, other than a few minor cases of tried 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 two events are one of many topmost methods of cryptocurrency trading, and by providing a protected surroundings for consumers and sellers to transact, Remitano has brought some reliability and transparency to the trade 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 vendor fame metrics system which gives loads of information that a buyer can use in assessing the authenticity of a seller.
Feedback scoring system.
A full KYC process the place sellers are identified by their authorities ID documents.
Login protection using an e mail verification system.
Trade timeouts after a interval of inactivity, which requires the parties to start the process again and determine themselves.
Remitano features two platforms on which its service is run.
There is a web-based platform which enables buyers and sellers to connect with each other. The web-primarily based platform features the trading interface which lists sellers as well as their repute metrics.
Remitano Mobile Trading
There's also the mobile app which is featured on the App Retailer and Google Play store. It supplies the identical features as the web-based portal and is suitable for individuals who like to conduct transactions on the go.
Remitano presents customers the opportunity to purchase or sell the next cryptocurrency belongings in alternate for fiat foreign money:
Bitcoin Money (BCH)
The trades are strictly on a buy or sell basis. The sellers list the costs at which they are going to sell their crypto assets. Buyers have the freedom of scrolling via the list of sellers and the prices at which they are going to promote their crypto property and make their trade choices accordingly.
Three account types exist on Remitano. These are:
Commissions and Spreads
The payment structure on Remitano
may be very simple. The corporate takes a 1% transaction charge on all transactions carried out between buyers and sellers, as cost for its escrow service. This payment additionally covers the Bitcoin transaction price paid to miners. The payment is taken upfront when the listing is done.