Remitano Nigeria Bitcoin Exchange Review

Remitano is an exchange platform established in the year 2016. It is a platform where Bitcoin, Tether, Ethereum and Bitcoin Cash can be exchanged. The Remitano is a product of Babylon Solution Limited. The Remitano can be likened to an improved form of Local bitcoin where traders can buy bitcoin at reduced prices with the availability of round the clock friendly customer service.

Remitano offers its customers Escrowed peer to peer marketplace where Bitcoin is available for buyers as well as sellers.

Method of payment accepted by Remitano

Remitano supports multiple payment methods but the major ones are listed as follows:

  • Cash in person
  • Bank/Wire Transfer

Bank transfer is often preferred by majority of the sellers because it is quite easy, fast and also very convenient. Also, Bank transfer gives proof of payment.

Countries supported in Remitano

Remitano supports traders from fifty two countries at present and effort are been made to include more countries. The Countries supported by Remitano are as follows:

Australia, Brazil, Bangladesh, Belarus, Cambodia, Canada, Ivory Coast, China, Colombia, Denmark, Dr Congo, Spain, Ghana, Indonesia, Israel, India, Iran, Italy, Japan, Kenya, Malaysia, Mexico, Myanmar, Namibia, Nigeria.

Other countries are:

Netherlands, New Zealand, Nepal, Norway, Oman, Philippines, Pakistan, Portugal, Poland, Qatar, Russia, Rwanda, Singapore, Sweden, Taiwan, Tanzania, Thailand, Turkey, UAE, United Kingdom, Uganda, United States, Vietnam, South Africa, South Korea and Zimbabwe.

Trading security

There are numerous measures put in place to ensure a secure trading. These measures are as follows:

  • Two factor Authentication

The two factor authentication is a feature that does not operate by default, you have to activate it.  The Two Factor authentication simple implies that whenever you want to log in, you will always need to input additional PIN code that will be sent to your mobile phone. Therefore, apart from the normal log in details, you need this code for you to have access to your account

  • Escrow

This is a service put in place to ensure the seller does not run away with the buyers money. The Bitcoin of the seller is held on Remitano Escrow service anytime a buyer request a trade. The Bitcoin is released to seller upon the buyer’s confirmation of reception.

  • Reputation system

Each trader is ranked according to their trade history, responsiveness and the likes. The reputations of all traders are made public for everyone to access.

  • Login Guard

A link through which you can access your account will always be sent to your e-mail every time you log into Remitano. This is very essential as it ensure you are the one logging into your account.

  • Support and Conflict Resolution

Remitano operates a 24/7 customer support service that is ever ready to attend to all questions and settles any conflict arising between sellers and buyers.

How to choose a seller on Remitano

The following guidelines will help you choose the right seller:

  • Never buy from a seller because of the price
  • Go through the seller’s transaction history to know how well he performed in the past
  • Select a seller based on the following criteria
  1. He has a minimum of 10 partners
  2. He has a maximum delivery time that you consider acceptable
  3. His account is active for over two years
  4. His feedback score from at least the persons is not less than 98%
  5. His identity is verifiable