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Pros

User-friendly platform with a simple interface suitable for beginners.
Competitive trading fees, particularly for crypto-to-crypto transactions.
Supports local fiat currencies, allowing for easy deposits and withdrawals in Mexican pesos.

Cons

Limited selection of cryptocurrencies, with only around 55 assets available for trading.
High trading fees for converting fiat to crypto, especially for lower-volume traders.
Lacks advanced trading features such as margin trading and a demo account for practice.

Bitso broker Accounts

Bitso Account Type

Bitso offers various account types tailored to meet the needs of different users. The primary account types include:

  • Individual Account:
    • Designed for personal use, allowing users to trade cryptocurrencies and access all basic features.
    • Verification Levels:
    • Basic Level: Limited to $185 per month for fiat deposits and withdrawals; no restrictions on cryptocurrency deposits.
    • Advanced Level: Higher limits for deposits and withdrawals require additional identity verification.
    • Business Account:
      • Intended for businesses looking to trade cryptocurrencies.
      • Verification Levels:
      • Level 1: Monthly limits of $100,000 in deposits and $200,000 in withdrawals.
      • Level 2: Enhanced limits of $250,000 in deposits and $5 million in withdrawals, requiring more extensive documentation.

      Bitso Broker Account Opening Process

      To open an account on Bitso, follow these steps:

      • Visit the Website: Go to the Bitso official website.
      • Select Account Type: Click on "Create your account" and choose between an individual or business account.
      • Fill Out the Form: Enter your real and complete information in the registration form.
      • Email Verification: A verification code will be sent to your registered email. Enter this code to proceed.
      • Complete KYC: For higher trading limits, complete the KYC (Know Your Customer) process by submitting required documents like a government-issued ID and proof of address.
      • Set Up Security: Enable two-factor authentication (2FA) for enhanced security.
      • Start Trading: Once your account is verified and secured, you can deposit funds and begin trading.
      • By following these steps, users can efficiently set up their Bitso accounts and start engaging in cryptocurrency trading.

Bitso accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Bitso Account