Posted on 10/11/24 01:17 pm
Launched in 2014, the Bitso app serves as a trading platform, enabling users to buy, exchange, and sell crypto assets. It supports crypto-to-crypto and crypto-to-fiat transactions with major volatile and stablecoins and operates mainly in Latin American countries.
Robust security measures are in place to help users navigate the service safely. These include data encryption, regular security assessments, and specific registration requirements, such as a phone number. For a concise overview of its sign-up nuances and features, check out smsotpverify’s guide.
A Guide to the Bitso App
A key advantage of Bitso is its spot trading feature, which allows users to buy, sell, and exchange various assets with affordable fees that typically do not exceed 2%. This includes stablecoins like USDT and DAI, as well as volatile cryptocurrencies such as BTC, ETH, Litecoin, and many others.
Originating in Mexico, the Bitso app operates with the Mexican Peso, as well as USD, Colombian & Argentine Pesos, and Brazilian Real, catering to the languages spoken in these regions. Earnings are stored in a free in-app wallet.
What is Bitso Card?
Beyond spot trading, all Bitso account holders can link a bank card, transfer funds to external wallets, or apply for a branded card suitable for both online and in-person purchases. This card is available in digital and physical formats for an annual fee and can only be loaded with Mexican pesos.
Although funded exclusively in Mexican Pesos, the Bitso card operates globally, allowing users to withdraw cash from ATMs both within Mexico and internationally. The card includes several protection features, allowing users to block, unblock, or reissue it directly through the Bitso app.
Is Bitso Secure?
Operating in Latin America, Bitso holds a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission, reflecting its commitment to high standards in financial security.
The platform undergoes regular third-party audits to ensure the protection of customer funds and data. In terms of data storage, Bitso implements the latest security practices and adapts to evolving regulations and audit results.
For instance, regular assessments have influenced the information requirements for users registering a Bitso account. Check below for the specific details they need in 2024.
How to Complete Bitso Account Registration
Registering with Bitso involves a few straightforward steps:
You may be required to provide additional documentation, such as a national ID, a utility bill for address verification, and a bank statement. These requirements comply with Mexican regulations to ensure user security.
Is Bitso secure enough for providing your phone number? Despite regulatory compliance and security measures, you might consider alternatives to submitting your personal number.
For every protection measure, there are equally sophisticated tools to bypass these safeguards. Minimizing your digital footprint is one of the most effective strategies against hackers, spammers, and fraudsters.
When signing up for the Bitso app, consider using auto-generated data instead of your real information. Smsotpverify offers temporary numbers that enable seamless account creation, ensuring compliance with legal and service requirements.
How to Log in to Bitso with a Temporary Phone Number
Temporary phone numbers can receive verification messages from online services like Bitso without a physical SIM card. This functionality, enabled by cloud technologies, allows for stable and anonymous phone numbers online. Smsotpverify offers options for over 150 countries and 2,000 services at less than $0.50 per number.
Steps to Use a Temporary Number with Bitso: