Remitano Services
P2P Exchange
The peer-to-peer marketplace is a section of the platform that allows you to buy and sell cryptocurrencies.
The platform connects sellers and buyers directly. Remitano acts as the escrow (middle man) that ensures that all requirements for fair trade are met.
Beyond bitcoin, the Remitano P2P platform supports Ethereum (ETH), Tether (USDT), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP).
How To Buy Cryptocurrency On Remitano
Buying cryptocurrencies on Remitano can be done through the P2P marketplace. Before using the platform, you will have to sign up to get an account. You can then follow these steps to make your purchase:
Step 1: Visit the P2P Exchange section. Select the currency the cryptocurrency you want to buy and click the green 'Buy now' button.
Step 2: Enter the amount of the cryptocurrency you want to buy. Remitano will then provide a list of trade offers based on your location and the amount you want to buy.
Each trade has the preferred payment method attached to it and the price at which you will be able to purchase the cryptocurrency from the seller.
Step 3: Select a trade offer by clicking the green 'buy' button next to the offer. You will be provided with the payment details of the seller. Copy the details and make payments to that account before the timer runs out.
Step 4: Press the 'I have paid seller' button after making the payment and wait for the seller to confirm. You will lose money if you don't press the button.
You will receive your cryptocurrency after the seller confirms.
Remitano Invest
The investment section on Remitano was launched in 2019. This option allows you to add some cryptocurrencies to your investment portfolio.
The difference is, you do not actually get custody of the cryptocurrency, but instead, you give your money to the platform to invest on your behalf.
For instance, if you invest $200 in Tezos (XTZ), and in 72 hours, the value of Tezos appreciates by 10%, your investment will now be worth $220. Similarly, if Tezos depreciates in price by 10%, your investment will be worth $180.
After closing an investment position, you will receive your money in your wallet. All investments are made using Tether USD (USDT).
Moreover, you can also convert between cryptocurrencies and manage all your crypto portfolios with ease in the Wallet page.
Remitano Verification
To experience the full functionality of the Remitano platform, you will have to verify your account. There are various verification levels and limits tired to each (these limits may be changed in each country, you can visit https://remitano.com/kyc for the updates):
Level 1: Phone Number Verification:
- Up to $500 daily purchase.
- Up to $250 in cryptocurrency withdrawals daily.
You will have to verify your phone number by entering your number and providing the verification code sent to you.
Level 2: ID Verification:
- Up to $50,000 daily purchase.
- Up to $1,000 in cryptocurrency withdrawals daily.
Level 2 requires you to provide a valid ID document like Passport or Driver's License.
Level 3: Bank Verification:
- Up to $100,000 daily purchase.
- Up to $2,500 in cryptocurrency withdrawals daily.
Level 3 requires you to provide a valid bank account that is matched with the documents verified in Level 2.
Level 4: Longtime Trader:
- Up to $3,000 daily purchase.
- Up to $7,500 in cryptocurrency withdrawals daily
Level 4 requires you to join more than 6 months and have prominent trades already (total trade is equivalently 20 BTC or more).
Level 5: Peer Certification:
- Up to $1,000,000 daily purchase.
- Up to $31,211,770 daily deposit.
- Up to $500,000 in cryptocurrency withdrawals daily
Level 5 requires a manual check by Remitano's support team, you can request by pinging them on the live chat box.