Remitano was first founded in 2014 by Babylon Solutions Limited as a peer-to-peer crypto exchange that was always meant to be global in scope. Since then, it operates in more than 30 countries.. In that time, the exchange has evolved and added new products to its original stack.
In this article, we will look at all of the different products Remitano has available on its platform. We will also go over the details of how each operates.
Peer-to-peer crypto exchange
The foremost element and the core of the Remitano business remains its p2p trading platform. Right now it is possible to trade in the following cryptocurrencies: bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Ripple’s XRP (XRP), and USD Tether (USDT). Tether is also available for deposits from the Ethereum network, OmniLayer, and Tron.
The offers may be defined by a fixed or dynamic price scheme. Fixed price offers do not change until the offer is withdrawn or executed. Dynamic offers however, float with the price of the underlying asset. Peer to Peer trading is possible with any person that holds a Remitano account from a country where the platform is available.
Fiat web wallet
A fiat web wallet is a type of wallet that can accept deposits denominated in a nation’s currency. The wallet is directly connected with the exchange, so it is possible to interface with any cryptocurrency supported by the platform. Remitano has developed fiat wallets for six national currencies which are as follows:
Indian Rupees (INR)
Indonesian Rupiah (IDR)
Nigerian Naira (NGN)
Malaysian Ringgit (MYR)
Venezuelan Bolivar Fuerte (VEF)
South African Rand (ZAR)
By using the Fiat wallet or making direct deposits in crypto, users of the platform can invest in crypto with a 2x margin or swap for other Remitano supported crypto.
The next in our line of feature products is Remitano’s crypto investing platform. This tool allows for deposits to be made in ten supported crypto assets: Binance Coin (BNB), Cardano’s ADA (ADA), Chainlink (LINK), EOS (EOS), Ethereum Classic (ETC), Monero’s XMR (XMR), NEO (NEO), Stellar’s Lumen (XML), Tezos (XTZ), Polkador (DOT), and Tron’s TRX (TRX). These crypto coins cannot be directly withdrawn or handled, rather they represent ownership in a fund which retains the underlying asset Remitano also boasts a news aggregator which funnels and curates relevant information about supported assets available to the investing platform. New developments, price analysis, market sentiment, etc., can be found in an simple dashboard representing each of the assets; effectively concentrating the information needed to make rational trade decisions.
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Swap Platform
The Instant Swap Market is the next feature we are proud to present. Access provided by this service enables our clients to rapidly swap between any of the supported cryptocurrencies on the Remitano platform. Order execution timelines are eliminated because the trade is automatically proctored, facilitated and enforced by Remitano.
On the Remitano forum, , a user can find information about the world of cryptocurrencies and create posts of their own. The forum is divided into several sections:
News: The news is a daily source of information that posts the most important developments from the crypto economy.
Knowledge: In this section, users can find long-form articles that detail various topics such as tutorials, product reviews, lists, guides, and other types of articles about cryptocurrencies.
Discussion: Here is where posts generated by the users of Remitano can be found. Posts made by the community are shared and are ranked based on the sentiment of the community.
Games: Here Remitano posts challenges for the community in the form of short games. These offer rewards paid in USDT to all the members that are able to finish them.
Blog: In the blog section, Remitano posts information about the platform itself. Future programs, upgrades, and anything that impacts the workings of the exchange.
The mission section of the platform is a place where short bounties are posted for the community. In it, challenges are created that are paid in USDT. Any user can finish this with a valid account on the platform. The challenges differ from making a post in the discussion section, answering a survey, and other types of bounties. Join the Remitano mission to earn passive income.
Affiliate Program
The affiliate program is incentivized on the basis of referrals. Any user of the platform can invite another to gain rewards. From the Remitano platform, you can generate a personalized referral link. In Tier 1 of the program, any time a new user makes a trade in the platform, the person who referred that client may receive 40% of the fees paid by the new user.
In Tier 2 of the program, or the rewards category where 2nd generation referrals are contained, the primary referring client may receive 10% of the fees paid by the new user.
The rewards are accumulated forever. So, it is a consistent way to make passive income by inviting and establishing more people on the platform.
Finally, Remitano has a mobile application compatible with Android and IOS devices. It allows users to access the p2p market, investing platform, and the instant swap menu from their cellphones. All of the same functionalities of the web platform are translated and outfit to perform on mobile devices. Download the Remitano Mobile App for faster access to your portfolio. For Android users. For iOS users.
Conclusion
As the cryptocurrency market evolves, so will Remitano. The platform has been around for half a decade, and it has managed to expand during that whole time. It remains a successful p2p crypto exchange, and is moving into new markets across the world.
As time proceeds Remitano evolves to meet the needs and desires of their clients.