Remitano | If you are looking for exchanging Bitcoins to local currency then you are at the right place. How to exchange cryptocurrency to local currency is the biggest question nowadays in most of the countries where crypto currency is banned or illegal.

Remitano | It's a peer-to-peer exchange based an online cryptocurrency exchange brand which was set up primarily to serve the emerging market economies of the world. Remitano is owned and operated by Babylon Solutions Ltd, a Seychelles-based company. It allows users to buy or sell Bitcoin and Ethereum directly to other users with alternative payment methods such as bank transfer, bank cash deposit or mobile money. Remitano charges 1% fee to the taker and 0% to the maker, with the fee being included in the advertisements price. Remitano set up shop in 2014 and was born out of the growing demand for Bitcoin trading in the emerging markets of Africa, South America, and the Middle East. Remitano offers the trading of Bitcoin, Ethereum, Tether and Bitcoin Cash.

Contents of this Remitano Blog :

To create and setup Remitano Account
Regulation
Reliability
Trading Platforms
Trade Types/Instruments
Account Types
Commissions and Spreads
Customer Support
Pros and Cons
FAQ
Conclusion

How to create and setup Remitano Account

Step 1 :

Open site Remitano

First select your country from the top-right corner drop-down option as shown below.

Put your E-mail address and click on Start Now.



After putting your E-mail address and click on Start Now you will get the below screen and after that click on Continue.


You'll get the verification link over your registered E-mail Address.


Step 2 :

Navigate your E-mail (Inbox / Junk / Spam) folder, open the received mail and click on Log me in Remitano, it'll redirect you to the page of Remitano profile.

Note: Every time you have to follow this procedure to login in Remitano. 


After completing the above process, you have to complete the full KYC process where sellers are identified by their government ID documents as suggested/guided in the website.

Step 3 :

Once you get into the homepage, you will get the current price of supported cryptocurrency of Remitano like Bitcoin, Ethereum, Litecoin, Tether, Bitcoin Cash etc. 


Once you click on Buy/Sell option, you will get to know the exchange price of cryptocurrency in the local currency.


Also there is Swap option, whether you want to exchange BTC, ETH, BCH etc.in it.


Step 4 :

When you click on Buy Now option you will get the list of seller with different prices, you can select the seller according to the prices whichever is lowest and there good rapport.   



Step 5 :

Like other wallet this also having the referral program, where you can earn by referring your friends and families. And you going to score good amount of satoshi only by referring and his successful completion of profile creation.  



Step 6 :

Once you click on Invite friend tab, you will get the below screen.

You will get the referral URL : Remitano after clicking on "Click to view your referrals list" then your referral URL pop-up.



If you have any website then you have another option to share your referral link with your friends and families as given below by just pasting the html code and you can see the advertisement tab as you can see the same at the top right in the start of the blog.



Step 7 :

Now the most important point for which you are still in this blog, how to sell your hard work earned Bitcoin "satoshi" through remitano.

Note: Once you kept the earned satoshi under sale, then be sure the amount get credited to your bank account by checking Internet Banking and then only you release the satoshi to the buyers account. Because once satoshi get released to the buyer account and amount is not get credited to your account then there will be no one liable or reimburse the same. 



Remitano gives a stage where holders of these crypto currency can exchange with one another. Remitano holds purchasers' assets bonded, at that point enables merchants to list their crypto resources available to be purchased. At the point when a vendor finishes the exchange of the altcoin or Bitcoin to the purchaser's wallet, Remitano places this in an escrow wallet, in this way bolting them. The purchaser at that point exchanges the concurred trade sum in fiat cash to the vendor's record, and takes an exchange expense for the administration gave, at that point transmits the locked coins to the purchaser.

Regulation

Much the same as numerous different trades worldwide, Remitano is definitely not a directed trade and does not work in a controlled situation. Seychelles customarily has an extremely liberal view on budgetary market direction so almost certainly, regardless of whether controls are organized, implementation will be negligible.

Reliability

Up until this point, aside from a couple of minor instances of endeavored tricks (scam) by merchants (which were distinguished and managed by the Remitano group), Remitano has turned out to be a dependable trade. Distributed direct exchanges between two gatherings are one of the highest strategies for cryptographic money exchanging, and by giving a protected situation to purchasers and dealers to execute, Remitano has conveyed some dependability and straightforwardness to the trade ecosystem.

Remitano has set up some security highlights to enhance the unwavering quality of its stage. 

A 2-factor confirmation process for starting exchanges. 

The escrow framework. 

The merchant reputation metrics system which gives a great deal of data that a purchaser can use in surveying the legitimacy of a vendor. 

Input scoring framework. 

A full KYC process where merchants are distinguished by their administration ID records. 

Login security utilizing an email confirmation framework (Every Login required E-mail verification, as already guided above).

Exchange timeouts after a time of inactivity, which requires the gatherings to start the procedure again and recognize themselves.

Trading Platforms

Remitano highlights two stages on which its administration run. 
There is an online stage which empowers purchasers and vendors to interface with one another. The online stage includes the exchanging interface which records dealers just as their notoriety measurements. 

Remitano Mobile Trading

There is likewise the versatile application which is included on the App Store and Google Play store. It gives indistinguishable highlights from the online entry and is reasonable for the individuals who like to lead exchanges in a hurry.

Trade Types / Instruments

Remitano offers merchants / vendors the opportunity to buy or sell the following cryptocurrency in exchange for local currency:
Bitcoin (BTC)Ether (ETH)Tether (USDT)Bitcoin Cash (BCH)
The trades are strictly based on buy or sell. The merchants list the prices at which they will sell their crypto assets. Vendors have the liberty of scrolling through the list of merchants and the prices at which they will sell their crypto assets and make their trade decisions accordingly.

Account Types

Three account types exist on Remitano. 
Starter
Gold
Platinum

Commissions and Spreads

The expense structure on Remitano is exceptionally basic. The organization takes a 1% exchange charge on all exchanges done among purchasers and dealers, as installment for its escrow benefit. This charge additionally takes care of the Bitcoin exchange expense paid to mineworkers. The expense is taken upfront when the posting is finished.

Remitano Customer Support

Here are the customer support channels on Remitano.
  • E-mail ID : team@remitano.com
  • Live Chat
  • Twitter: twitter.com/remitano
  • Facebook: www.facebook.com/remitano.escrow
  • Online Support Ticket

Remitano Pros and Cons

Pros
Taps into the local system of cryptocurrency exchange.The system of verification of users to weed out fraudsters.Suitable for local connection of Bitcoin and other altcoin users. 2-factor authentication to protect cryptocurrency holdings of sellers and buyers.
Cons
Some fraudsters still manage to get into the system.

FAQ

Is Remitano regulated?
No. Remitano is not a regulated cryptocurrency exchange.
Where is Remitano based?
Remitano is based in Seychelles, an island country in the Indian ocean.
How does Remitano make money?
Remitano makes its money through the 1% transaction fee it charges users.
How do I deposit in Remitano account?
Remitano accepts deposits using various fiat currency options such as bank wires and credit cards. Bank wires are the commonest method used.
How do I withdraw money from Remitano?
Withdrawal of funds from Remitano is done using bank wires.
Is Remitano reliable?
Yes, Remitano has proven to be a reliable exchange.
Is Remitano a scam?
No. Remitano is not a scam.
How safe is Remitano?
Remitano is extremely protected as it utilizes the very latest encryption innovation and other security highlights which make the site programmer evidence. It additionally offers a wallet for capacity for all cryptographic money resources held by dealers in its stage. Nonetheless, purchasers are encouraged to move their coins to their own wallets to secure them.

Conclusion

The magnificence of Remitano's administration is that it is homegrown. It doesn't constrain clients to receive new techniques for getting or moving crypto currency utilizing sites and diagrams that are hard for new clients to get it. The escrow framework and other security highlights set on the site can remove most instances of attempted fraud.

The administration may not be for the propelled world, but rather those in creating and rising economies have possessed the capacity to utilize Remitano to understand their exchange straightforwardness issues.