Minimum transaction limit reduction and deregulation of KYC requirement for small transactions

Announcement • 2021/04/16 • by Remitano

”Every improvement contributing to your outstanding experience is our daily motivation.” - Remitano

Remitano has embarked on the mission of bringing cryptocurrency to everyone. Since April 2021, the crypto exchange platform has officially reduced the minimum transaction limit for all supported coins, including: BTC/ETH/BCH/USDT/LTC/XRP.

1. Reducing the minimum transaction limit to just 0.25 USD

As of April 2021, users who create a selling/buying ad (maker) or take a selling/buying ad (taker) can make transactions valued as low as 0.25 USDT. This update is meant to break down common financial barriers giving everybody the opportunity to own cryptocurrency. The minimum amount metric is no longer in the advertisement creation section.

Review the minimum transaction limit for each coins in the table below

Note: This table bears value estimations , which may fluctuate slightly depending on the coin's price on the market.

2. Small transaction completed immediately without identity verification

Remitano does not require Document Verification for new users who would like to trade below 100 USDT/day. Users need only verify their phone number following which they can start trading immediately.

Of course, there are advantages to completing the document verification procedure. Among them and not least of which when level 2 is complete, you no longer need to wait for your documents to be approved. After downloading and completing the required documents, you can start trading immediately. If documents are rejected, over some complication, they may be reuploaded so that trading may resume.

With the above updates in transaction policy, Remitano hopes to optimize the user trading experience, making it more convenient for everyone in all countries, even in those financially isolated countries like Venezuela or Nigeria.

If you have any questions, please contact us by clicking the chat box icon at the bottom right corner of the website/app interface or Remitano Fanpage Inbox. Remitano support team is ready to assist you 24/7.

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Comments (20)
Guest
favouredson4ever
5 years ago
Great news, long live Remitano
enearoke
5 years ago
I don't support update no. 1. Removing minimum trade limit is not a good idea. A trader who intends to buy $20,000 worth of coin for example, will have to pay over 100 people in over hundred trades and that can be stressful. It is not nice. This update can work for Remitano wallet users only. Buyers should be allowed to set minimum limits
soam
5 years ago
you are right
tamim1990
5 years ago
Wow..! This sounds great Remitano... Fast and Reliable trading with you..!
allen123
5 years ago
Please when are you guys adding Doge coin....I need Doge coin Asap
beladtau
5 years ago
remi the best
tomaleeadisa
5 years ago
Great news. But I'm still thinking of this idea that Remitano users won't needs to verify some documents than their phone number to trade limit. Huh! Remitano are you really sure that this won't bring some SCAMMERS into this our trade market app? Think Of this very well. This is my own opinion on this idea. Thanks.
lanrefaund
5 years ago
This idea is very bad. This only favours REMITANO but it's very risky for the users.
lanrefaund
5 years ago
Mostly unverified users delaying and abandon trades untill you have to summon admin for help. But once you have verified you will have the fears not to delay trade. Because you will be aware of losing your trust scores.
paulsmith2018
5 years ago
Waooo!!! Buyers/sellers should be allowed to set their minimum limits.. please. Then, for the verification,I suggest you leave it the way it was.please kindly look into it deeply, very important.
clay12
5 years ago
nice

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