Remitano Review – A P2P Exchange for Buying and Selling Cryp

If you’re looking for a simple and efficient way to buy or sell cryptocurrency, Remitano might have crossed your radar. As a peer-to-peer (P2P) exchange, it connects buyers and sellers directly, offering a straightforward platform for crypto trading. Whether you’re new to the crypto world or an experienced trader, this review will walk you through everything you need to know about Remitano in 2025. From how it works to its fees, security, and user experience, let’s dive into what makes this platform stand out, and where it might fall short.

Introduction

Remitano is a cryptocurrency exchange designed to connect buyers and sellers directly through a peer-to-peer model. Founded by Babylon Solutions Limited and based in Seychelles, it started as a simple platform for Bitcoin trading and has since grown into a global marketplace serving over 50 countries. The name “Remitano” draws inspiration from “remittance,” reflecting its mission to make transferring value - whether fiat or crypto - fast and accessible worldwide.

Unlike traditional exchanges where you trade against an order book managed by the platform, Remitano’s P2P system lets users set their own prices and trade with each other. Think of it like an online marketplace: sellers post ads with their crypto offers, and buyers choose the deal that suits them best. Remitano acts as a middleman, holding the crypto in escrow until the trade is complete, ensuring both parties are protected. This model is especially popular in regions where banking options are limited, as it supports a wide range of local payment methods. But how exactly does this work in practice? Let’s dive into the details.

How P2P Trading Works on Remitano

P2P trading might sound complicated, but Remitano keeps it simple. Here’s a breakdown of how it operates:

This escrow feature is the backbone of Remitano’s P2P system, making it safer than trading directly with someone off-platform. It’s a hands-on process compared to automated exchanges, but it gives users more control over how they trade. Plus, it’s ideal for people who want to use local currencies and avoid the complexities of centralized platforms.

How to Buy and Sell on Remitano

Ready to give Remitano a try? Here’s a step-by-step guide to buying and selling crypto on the platform.

The process is intuitive, though it relies on both parties acting quickly. Remitano encourages trades to wrap up within 15 minutes, delays might even earn you a partial fee refund as a buyer!

Fees on Remitano

Cost is a big factor when choosing a crypto exchange, so let’s break down Remitano’s fee structure. It’s refreshingly simple compared to some platforms, but there are a few things to keep in mind.

• Trading Fees: Remitano charges a 1% fee on P2P trades, but only the “advertiser” (the person posting the ad) pays it. If you’re a buyer picking an existing sell offer, or a seller accepting a buy offer, you trade fee-free. For example, if you sell 1 BTC for $50,000, you’d pay $500 as the advertiser. The taker pays nothing extra.

• Deposit and Withdrawal Fees: Depositing fiat is usually free, but withdrawing crypto comes with a small network fee. For Bitcoin, it’s 0.0005 BTC per withdrawal, which is competitive compared to industry averages. Fees vary by cryptocurrency, so check the wallet section for specifics.

• Payment Methods: Remitano supports over 20 payment options, including bank transfers, mobile payments, and even cash in some regions. The catch? Prices can differ based on the method, sellers often charge more for convenience options like credit cards or PayPal (where available).

• Other Costs: If you use Remitano’s “Swap” feature to convert one crypto to another (e.g., BTC to ETH), the fee is 0.25% when setting your own price, or slightly higher (0.07%–0.75%) for instant market swaps.

Overall, Remitano’s fees are reasonable for a P2P platform. The 1% trading fee might seem high compared to centralized exchanges like Binance (often 0.1%), but the lack of fees for takers balances it out. Plus, you’re paying for the escrow security and flexibility of local payments.

Security on Remitano

Safety is non-negotiable in crypto, and Remitano takes it seriously, especially after a 2024 breach that saw $2.7 million stolen from its hot wallets. Here’s how they protect users today:

• Escrow System: As mentioned, every P2P trade uses escrow to prevent scams. The crypto stays locked until the seller confirms payment, reducing fraud risk.

• Two-Factor Authentication (2FA): Remitano supports 2FA via apps like Authy or Google Authenticator. Enable it to secure your account beyond just a password.

• Identity Verification: Basic trades need only a phone number, but larger transactions require KYC (Know Your Customer) checks, including ID and sometimes a selfie. This helps deter bad actors.

• Post-Breach Upgrades: After the 2024 hack, Remitano froze $1.4 million of stolen USDT with Tether’s help and bolstered its security. They’ve since improved hot wallet protections and added real-time monitoring.

• Customer Support: A 24/7 live chat team handles disputes fast, often resolving issues within hours if a trade goes sideways.

While no platform is 100% hack-proof (crypto hacks are all too common), Remitano’s escrow and responsive support make it safer than direct, unregulated P2P trades. Still, for long-term storage, move your funds to a personal wallet - leaving crypto on any exchange carries risks.

User Experience

Remitano shines when it comes to usability. The platform’s design is clean and beginner-friendly, with no cluttered charts or jargon-heavy menus. Here’s what stands out:

• Simple Interface: Whether on the website or app, navigation is a breeze. You can jump between buying, selling, swapping, or checking your wallet with a few clicks.

• Mobile App: Available for iOS and Android, the app mirrors the desktop experience. It’s lightweight, fast, and lets you trade on the go - perfect for busy users.

• Support Channels: Beyond live chat, Remitano is active on social media (X, Telegram, etc.) and offers a help center for common questions.

• Speed: Trades usually complete in minutes, assuming both parties are prompt. The escrow process adds a slight delay compared to instant exchanges, but it’s worth it for security.

Users on Trustpilot often praise Remitano’s ease of use and quick support, though some note occasional hiccups with slow sellers. If you’re new to crypto, the lack of complex tools might be a plus - experienced traders, however, might find it too basic.

Pros and Cons of Remitano

No platform is perfect, so let’s weigh Remitano’s strengths and weaknesses.

Pros:

• User-Friendly: Ideal for beginners with its simple layout and clear instructions.

• Flexible Payments: Supports local methods like bank transfers and mobile money in many countries.

• Escrow Security: Protects both buyers and sellers from scams.

• No Fees for Takers: Save money if you’re not posting ads.

• Global Reach: Available in over 50 countries, especially strong in emerging markets.

Cons:

• Limited Crypto Options: Only supports a handful of coins (BTC, ETH, USDT, etc.) compared to giants like Binance.

• Higher Prices: Sellers often set premiums above market rates, costing buyers more.

• Relies on User Speed: Trades can stall if the other party delays payment or confirmation.

• Past Hack: The 2024 breach might shake confidence, despite quick recovery efforts.

Remitano excels for those prioritizing simplicity and local access, but it’s not the cheapest or most feature-rich option out there.

Conclusion

Remitano is a secure and user-friendly P2P crypto exchange with escrow protection, making transactions safer. While its fees are slightly higher, the platform’s ease of use and multiple payment options make it a solid choice for many traders. If security and flexibility matter to you, Remitano is worth considering. However, for instant trades and lower fees, a centralized exchange might be a better option.