What is Remitano? Overview of Remitano exchange (2021)
Description of What is Remitano? Overview of Remitano exchange (2021)
What is Remitano? Review overview and answer all questions about Remitano exchange - the oldest cryptocurrency exchange in Vietnam!
Remitano has become the "top of mind" exchange for most Vietnamese traders.What special features does Remitano have or how does the support team help to win the hearts of traders like that? Today's article will help you know:
- What is Remitano?
- Evaluate pros and cons & review Remitano.
- Answer all your questions about Remitano floor.
What is Remitano?
Remitano is a fairly old cryptocurrency exchange in Vietnam, allowing users to use Vietnamese money (VND) to buy and sell top coins such as: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP) and Tether (USDT). Remitano now supports cryptocurrency transactions on many different Vietnamese banks, especially Vietcombank.
Some other information about the floor:
- Remitano is a product of Babylon Solutions Limited founded in Seychelles.
- Remitano exchange is active in 59 countries worldwide. In which, Vietnam is the country with the most traffic, accounting for about 80% of the total number of visits (according to data on SimilarWeb).
See Remitano exchange guide for details on how to use the exchange including: account registration, swap, P2P trading, deposit and withdrawal and more!
Remitano exchange's simple and easy-to-use P2P trading interface.
Remitano Review - Remitano Review
Advantages
Remitano floor has 6 main advantages as follows:
- Stable liquidity: More than 1.8 million people visit Remitano every month. The interest and trust of traders helps the exchange to have stable liquidity . Currently, Remitano is the exchange with the largest trading volume. If you want to buy a large amount of Bitcoin , this is a reasonable choice.
- There is a Mobile application: To facilitate transactions, the exchange has soon launched a mobile app on both iOS and Android versions.
- Multi-language support: Remitano focuses on supporting language conversion in more than 50 countries, including Vietnam.
- Good customer service: Remitano exchange offers 24/7 trader support, always ready to answer your questions. There is a Vietnamese admin to support, so you can rest assured to ask questions, you will be answered immediately.
- Simple interface easy to use: The interface of the floor is minimalist to help all users of any age, field, level of expertise can easily access and use. Besides, if you register with the default email account in your computer, you don't need to spend time logging in to the floor many times.
- Can view the reputation of the trader: Remitano has a function that allows you to review the personal profile (profile) of the buyer / seller through the reviews of previous traders, verification information, ... to make the decision to choose who to execute the transaction.
Defect
However, Remitano floor still has 2 main disadvantages:
- High transaction fee: The transaction fee for buying and selling on Remitano is 1%, which is quite high compared to other exchanges in the market.
- Long transaction confirmation time: The time to complete a transaction is a bit slow because you have to wait for the buyer/seller to confirm. However, it is also a safe way to secure transactions. I advise you not to trade on the weekend, to avoid trading time longer than usual.
What is Remitano Wallet?
Remitano wallet is where you store your assets on the exchange. Remitano wallets are divided into 2 types:
- Crypto Wallet: Store cryptocurrencies (crypto) traded on the exchange such as Bitcoin, USDT, Ethereum, Bitcoin Cash, Litecoin, Ripple. With this wallet, you can deposit and withdraw money at any time.
- VND Wallet: Store Vietnamese money (VND) to buy coins without having to wait for the seller to confirm, transactions will be completed immediately if you have VND balance available on Remitano. With this wallet, you can use VND to transact or withdraw to your bank account at any time.
Compare Remitano and Binance
Although Remitano is well received by many new users, in reality, the assets supported for trading on the exchange are too few compared to Binance. In addition, with cheaper transaction costs and many features, Binance is really overwhelming in many ways compared to Remitano.
But this is also an advantage of Remitano, when the list is not many assets, and with a simple interface, the exchange is very suitable for users who are new to the crypto world. And Binance's customer segment is users with a medium or higher level of experience.
You can refer to the article about the overview of what Binance is and how to use the Binance exchange in detail, then try the experience to be able to choose the type of exchange that suits your needs!
The main interface of Binance.
Frequently asked questions about trading on Remitano
Is Remitano a scam?
Remitano is always the first choice of Vietnamese traders with conveniences such as high liquidity, good customer service, and user-friendly interface.
The exchange has served more than 1.5 million users with a total crypto trading volume of more than 500 million USD and supports nearly 50 countries worldwide. Best of all, the exchange receives a lot of positive reviews from traders after experiencing on the platform.
Many of you still think that Remitano is a scam when there is a problem in the transaction process, I think it is because you are not equipped with enough knowledge for yourself or are not careful with your assets and lead to losing money unjustly. Some examples are:
- Deposit or withdraw coins from the exchange but do not see it in the wallet: Due to the transaction confirmation speed of Blockchain and Remitano for a long time, you need to wait for a while to see your assets on the wallet, or maybe contact Remitano support for resolution if there is a long wait time.
- Used "tricks" by other users on the floor: The object of the fraud here is another user, not the Remitano floor. Therefore, you need to carefully check the information carefully before confirming the purchase, sale and transaction!
Does the floor suffer from regular maintenance failures?
Recently, many brothers have complained about the status of Remitano website not being able to access or being able to access but having errors. This problem occurs because the floor has a maintenance error, system upgrade or because the interface is overloaded, so the interface cannot load in time.
Likewise, after the Swap feature was introduced, the website seemed to load slower and longer than usual. It takes more than 10 minutes to access the wallet to withdraw or deposit.
Has Remitano ever been hacked?
There are many rumors about Remitano exchange being hacked. However, this has not happened on the day exchange yet. Login errors or slow loading speed are also caused by floor upgrades, maintenance, or too many people trading at the same time.
Which country's Remitano floor?
Remitano is currently an exchange from Seychelles, an island nation located in the Indian Ocean. It is one of only 6 exchanges registered in the country. with registration number: 168830.
What is the coin of the exchange?
RENEC is the main token of the Remitano exchange, it is the token that powers the Remitano Network, a Blockchain designed to provide fast transactions and low fees, fast DEX, efficient escrow, smart contracts complex.
RENEC will be distributed fairly to a large community. For detailed information and how to mine RENEC token, you can see more here .
Which banks does Remitano support?
Currently, Remitano exchange is divided into 2 different segments to support banks:
- For deposit: Supports most banks in Vietnam, you can see the list of supported exchanges here .
- For withdrawal: Only support with 3 main banks: Vietcombank, Techcombank and TPBank.
Do I need KYC to withdraw money from the exchange?
For those of you who still do not understand what KYC is , KYC (Know Your Customer) is the process of collecting identifying information related to customers of a certain service. The basic information that is usually collected is a portrait photo, ID number, passport, address, etc. The purpose of the KYC process is to remove unqualified people from using the service. With different units, these standards may be different.
And when buying coins on the Remitano exchange, you must perform KYC to be able to participate in the transaction.
And if you sell, deposit or withdraw coins, you can still make transactions without KYC !
What is the withdrawal limit on Remitano?
The minimum deposit must be greater than the transaction fee:
- VND: Unlimited.
- BTC: 0.0002.
- ETH: 0.005.
- USDT: 0.
- BCH: 0.0001.
- LTC: 0.0005.
- XRP: 0.
For withdrawals:
- VND: Up to 1 billion/time and unlimited number of withdrawals.
- Crypto: No withdrawal limit.
How much is the Remitano transaction fee?
The transaction fee on Remitano is quite high, 1% of the price posted by the ad creator.
For example, if someone else sells 1 BTC for 100 million, the exchange will display the selling price of 1 BTC as 101 million. Now if you agree to buy 1 BTC, you will have to pay 101 million (including 1% transaction fee).
Besides transaction fees, Remitano also charges a number of other fees such as:
- Remitano wallet deposit fee.
- Remitano wallet withdrawal fee.
- Cryptocurrency Swap Fees.
- Investment fee invest.
For details on each type of fee, please see here .
What is App Remitano on iOS, Android?
Remitano has developed apps that run on iOS and Android. You can visit the link below to download:
- iOS: Download here .
- Android: Download here .
summary
So I introduced you to what Remitano is and answered all the frequently asked questions about Remitano floor. It can be seen that Remitano is taking certain steps to become a market leader and the first choice of traders. However, you should also give yourself the opportunity to experience other exchanges to choose the one that suits your needs.
Hope this article will bring a lot of useful information for you. If you have any questions, don't hesitate to comment directly below the article to be answered by Hay Mod Game!
Wish you have successful investment deals.
👇
