The company so far has immense media coverage on several platforms Coin Desk, Fortune, EL Economista, BBVA, CNN expansion. The trading pair is fiat currency to digital currency.
A group of crypto enthusiast started this platform with a motto that they would bring out the potential of cryptocurrency in Mexico and LATAM. Bitso aims to provide access to crypto currency to the individuals in Mexico so they could learn and use digital modes of payments.
Features of Bitso
Bitso is partners with Bitnet, ripple, Bitplay, Digital currency group, Align commerce etc. The money can be easily circulated between the Bitso account and bank account of an individual with no transaction cost. The deposits and withdrawals have an easy interface, which makes it user-friendly.
Security is quite efficient on this platform. Digital currencies are always saved on the Internet based network. Therefore they are always at a high risk when it comes to volatility and cyber crime.
The servers at Bitso are robust and secure. For a high rate security, Bitso has partnered with Bitgo that provides multi-signature technology. To fulfill the standards of currency security, Bitgo develops solutions for key recovery, protocols for safety.
Other safety measures include two-factor authentication (2fa). Under this security system, the user needs to download the Google authenticator on his device. The QR code of the Bitso account is scanned in the authenticator.
Both authenticator and Bitso account are then synced. Thus, every time a user tries to log in, a 6-digit code goes to the registered mobile number or email ID. This adds an extra layer of security in Bitso account.
For developers, Bitso provides powerful and robust API’s whether it’s public or private so that could build and develop applications on crypto currency. Bitso provides on REST API to its developers, which is one of the most efficient interfaces.
How to register a new account on Bitso?
In order to register a new account on Bitso, log on to www.bitso.com. Then click on “open account”. The registration occurs in three levels. In the first level, enter the information such as email ID, first name, last name, and date of birth. Select the country and the contact number with country code. Also, the user can select if the account is personal or it’s registered on behalf of the institution.
In the second level, develop a password and a security or transaction pin. Then click on “I agree to T&C” and proceed. Under level third, a user can select his main activity on the Bitso platform such as buying/selling of Bitcoin, trade Bitcoins, and accept payments with Bitcoin.
Once the registration is complete, a client ID is generated. Also, a verification email goes to the registered email ID. The user will have to complete the email verification and later login with the client ID.
Trade and exchange at Bitso
The user can buy and sell the crypto currency using this platform. Firstly a user has to add funds in his Bitso account through his bank account. Then he can be involved in an exchange where a fixed amount in Mexican currency can be exchanged for Bitcoins or other digital currencies. Similarly, for selling Bitcoins, the user can decide the amount for which he wants to sell.
Before trading, there are several tools present on the Bitso platform such as the graph with the market analysis of crypto currency and timeline. There are also statistics on 24-hour trade volume, the market cap, and daily change. Thus, Bitso is a wonderful and efficient platform for trading and exchange.