Bitso launched in 2014 as Mexico’s pioneering crypto exchange and later expanded across Latin America - including Argentina, Brazil, Colombia, and the U.S. It positions itself as regulated and mainstream-ready, prioritizing fiat access and ease of use.
Regulation and Security
Bitso is notable for securing a Gibraltar DLT license and Mexican fintech credentials - one of the first in Latin America to do so. Security measures include SSL protection, cold storage, 2FA, and an insurance-backed investor protection fund. It has a clean track record with no major breaches.
Fiat Support and User Experience
Users can deposit in pesos, reais, soles, Argentine pesos, and USD. CAD access still varies by region. Bitso offers both a beginner-friendly mobile app and a pro-grade platform called Bitso Alpha, complete with charting and technical tools. Onboarding is KYC-checked but straightforward.
Fees and Liquidity
Bitso uses a tiered maker-taker model: maker fees run from 0.000 percent to around 0.05 percent, taker fees from 0.065 percent to 0.30 percent depending on 30-day volume. Crypto and bank deposits are fee-free, though third-party methods like Payoneer incur charges. Withdrawal fees follow network rates.
Liquidity is solid in major fiat pairs - especially MXN and ARS - but smaller tokens may face wider spreads.
Volume and Reach
Bitso serves over 6 million users and 1,700 institutional clients. It consistently shows strong fiat-crypto volume, making it a trusted gateway for Latin American traders.
Community Feedback
User sentiment is mostly positive. Traders highlight its intuitive interface, transparent fees, and security-first model. Occasional complaints mention deposit verification delays and limited altcoin selection.
Strengths and Weaknesses
Strengths:
Regulated in Mexico, Gibraltar, and other jurisdictions
Fiat access in multiple Latin American currencies
Beginner and pro platforms available
Transparent tiered fees and no crypto deposit fees
Industry-standard security and investor protection measures
Weaknesses:
Altcoin depth limited compared to global exchanges
Spending time in KYC and bank deposit verification phases
Third-party funding (Payoneer or cards) carries extra costs
Who It Suits
Latin American users seeking regulated, fiat on-ramp
Beginners valuing simplicity, clean UI, and local currency use
Traders upgrading to pro tools with Bitso Alpha
Who Should Look Elsewhere
Altcoin hunters needing deep, diverse markets
Users seeking margin, futures, or DeFi integrations
Those wanting instant deposits via global card networks
Final Take
Bitso offers a polished, regulated experience tailored for Latin America. With fiat pairs, solid UI, strong security, and tiered pricing, it stands out for local users - even though its asset range and third-party funding options could be broader. For regulated fiat access and trustworthy operations, it's one of the best options in the region.
