Remitano – a name that is probably too familiar to investors in the cryptocurrency market, this is a Bitcoin exchange and 5 other popular coins (XRP, ETH, USDT, BCH, LTC) in Vietnam. This article I Love Bitcoin wants for newbies who don’t know what Remitano is yet? And are looking for a safe, reputable, best trading platform today.
Quite a few people ask me if “Is Remitano a scam?“, “Is Remitano reputable?“, “Is Remitano safe to trade?, “Has Remitano ever been hacked or crashed?,.. It’s inevitable that they have questions like this because they are new. So in this article, I will share and evaluate in detail about Remitano floor along with some notes you need to know for safer transactions on Remitano.
What is Remitano?
Remitano is a Bitcoin and cryptocurrency trading platform under the P2P mechanism (Peer-to-Peer Network or Peer to Peer), ie Remitano is only an intermediary third party to ensure the safest transactions, while the transaction will be executed. directly between buyers and sellers. According to the introduction, Remitano is a product of the company Babylon Solutions Limited based in the Republic of Seychelles (registration number Seychelles Reg. No. 168830).
Also according to the introduction on the official website, Remitano exchange currently providing services in some main countries such as USA, Malaysia, Vietnam, Nigeria, Campodia, China and some other developed countries. As far as I checked the word SimilarWeb The traffic to Remitano mainly comes from Vietnam, up to nearly 80%. Thus, we can see that Remitano mainly serves customers in Vietnam. In addition, when you trade on Remi you may notice that Remitano’s support team has two main groups of people from India and Vietnam.
What is Remitano Swap?
Remitano Swap is a feature that helps users swap between coins, you can understand similar to when you trade on international exchanges, this feature helps you convert BTC, ETH, BCH, LTC or XRP to USDT to avoid price fluctuations every time the “storm” comes. The way to place an order is similar to the international floor, the order will be automatically matched when the price you place matches the market price. Currently, swaps on Remitano are free. In this section, I will have the following instructions.
What is Remitano Invest?
Remitano Invest It’s actually like buying and selling altcoins on international exchanges, you’ll use the USDT available in Remitano’s wallet to buy the altcoins they support (currently BNB, EOS, ADA, TRON and XLM). ), and when the price increases you will make a profit, and when the price decreases, vice versa, you will lose. Remitano add features Invest This is actually because they can’t support buying and selling these altcoins with VND, you simply understand Invest just like when you use the swap feature with BTC, ETH, and coins that Remi is supporting to trade with VND. One advantage is that Invest is not charged by Remitano at the moment.
Is Remitano a scam?
About the problem Remitano scam then I can assure you that”Remitano has never scammed any customers“. I have been trading on Remitano for more than 2 years now and have never lost money or lost coins, there will be a number of reasons that many people say Remitano is a scam, mostly because of ignorance and carelessness in the new transaction process that leads to loss of money, but Remitano has nothing to do with it, specifically I will point out some reasons:
1 – Deposit or withdraw coins from Remitano but never appear in the wallet => Remitano scam?
This is a common reason for newbies to trade Bitcoin in particular and cryptocurrencies in general. You must understand that, when you transfer BTC or any other coin, it will need to wait a certain amount of time for that transaction to be processed.”Confirmation on Blockchain network“, how long or fast depends on the blockchain of that coin and depending on when you send the network is blocked or not. Specifically, with BTC, the normal confirmation time if the network is not congested, it will take about 15-20 minutes, sometimes faster and can also be up to several hours if the network is congested, with ETH it will be only a few times faster. minute. The time I give is based on my own experience through many transactions.
And that is the confirmation time if you make transactions directly on the network, for example sending from one Blockchain wallet to another Blockchain wallet, but when you deposit / withdraw from the exchange, it needs to add more time.record floorThat transaction, that is, after the transaction is confirmed on the network, the exchange will receive your coin number, then the new exchange will “credit” your wallet, at this time your wallet number will appear. residual.
Therefore, when you deposit and withdraw coins on Remitano or any other cryptocurrency exchange, you should wait and before you question the exchange or curse the scam floor, you should check that transaction on the Blockchain, quite simple. It’s simple, you just need to get the transaction txid or if you don’t have the txid, get the wallet address you deposit / withdraw Blockchain.com (if BTC) paste in the search box and check. If ETH, use Etherscan.io.
If you see the display “Unconfirmed Transaction!“Red means unconfirmed. Now you need to wait for confirmation.
And when does it lose the word “Unconfirmed Transaction!” red means this transaction has already been confirmed. You go back to the exchange to see if the wallet has a coin, if not and wait a long time, then contact the exchange for answers. Usually, when the confirmation is completed on the blockchain, the exchange wallet will credit it immediately. And with Remitano, I can deposit / withdraw BTC, ETH, USDT, BCH, LTC or XRP is quite fast.
2 – Being used by other users on Remitano to cheat
This can be seen as the main reason why many people confuse and think that Remitano scam, but actually by other users, not Remitano, this “trick” has scammed quite a few people, as far as I know, how exactly did they trick you?
As mentioned, transactions on Remitano are completely done between users and users, so this is also a way for bad guys to take advantage of scams on Remi. Here is a specific example:
The bad guys will create many different nicks on Remitano and create ads with identical information, as below you can see 2 BTC buy orders are the same, but only one is real payment, but these bad guys all click “I paid”, when you receive the message received the money and press “I received the money” without checking the transaction code and the seller’s name because the amount is very similar, then the BTC will be released by Remitano, and your BTC will be lost to the bad guys without receiving the money.
How to avoid scams on Remitano?
To avoid scam tricks on Remitano which I mentioned above is also quite simple. Usually, when I see you, they all transfer money and coins directly to the buyer / seller without using it. Remitano’s VND wallet, this old way of doing things inadvertently makes you easy to become a target of scammers, not only that, but this way also takes time.
I recommend you to use Remitano’s VND wallet to make all transactions safer. When you buy coins, you preload VND into Remtiano’s VND wallet, then when you buy coins, it only takes a few clicks to complete and requires the seller to have BTC in the Remitano wallet before the transaction can be done. And when selling, you should also preload the coin into the Remitano wallet, not transfer it to the buyer from an external wallet. In the article on how to trade on my Remitano exchange, I have detailed instructions and how to use the VND wallet, you can review it. In addition, there are some important notes you need to know when buying and selling on Remi, which I will mention below.
In addition, if you still prefer to trade the usual way of transferring money and coins directly, before trading you should choose a reputable buyer/seller, you just need to click on the nick to view. It is advisable to choose those with a good transaction record, here is an example:
- Quick seller
- Frequent buyers and sellers
- Large amount of coins traded
- Positive user feedback
- Account Verified
Has the Remitano exchange ever been hacked or crashed?
As far as I know, since its establishment, Remitano has never been hacked ever so story Remitano collapsed never happened again. As for whether Remitano can be hacked or collapsed in the future, it is impossible to predict, currently in Vietnam, Remi is still the largest exchange in terms of trading volume, large number of users, and prestige level. has also been confirmed, so trusting to transact on Remi is completely understandable to me and many other users.
There was only one time Remitano was involved in a scandal of exposing user data, as far as I know, a Remitano employee took advantage of his authority to send fake promotional messages to all Remitano customers. in order to appropriate property, however, immediately after that Remitano processed and did not cause any damage to the user.
Also, sometimes Remitano is faulty can’t access, or can’t withdraw, operations don’t work,..it’s very normal, can trust Remitano’s maintenance and these problems any exchange has ever encountered , the important thing is that Remi usually fixes it very quickly.
Review the pros and cons of the Remitano exchange
Below I will point out the good and bad points of Remitano floor so that you can refer and decide for yourself whether to trade on Remitano:
1. Advantages of Remitano Market
- Safe: Bitcoin transactions on Remitano.com are absolutely safe, I have been using Remi for more than 1 year without any problems.
- Cheap: Reasonable Bitcoin buying and selling price due to competition between investors’ bid/ask bids, buying and selling prices on Remitano only differ from 1.5 million to 2.5 million for one BTC.
- High liquidity:…