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Remitano

Remitano

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1.9 / 5.0
West Africa Trade Hub  /  Reviews  /  Remitano
Remitano

Remitano

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1.9 / 5.0

Remitano Review

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In this review of Remitano, we examine a peer-to-peer crypto exchange that uses escrow to protect transactions and make buying and selling digital assets straightforward.

What Is Remitano?

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Remitano is an online P2P crypto marketplace secured by escrow, enabling users to trade cryptocurrencies directly with one another. The platform is incorporated in the Seychelles and operated by Babylon Solutions Limited (registration number 168830). It has been active since 2016, which is a long tenure in the cryptocurrency space.

Remitano’s escrow flow is designed to reduce counterparty risk during a P2P trade: (1) a buyer opens a trade from an existing offer (or responds to an offer), (2) the seller’s crypto is locked in escrow for the duration of the transaction, (3) the buyer sends payment using the agreed method, (4) the seller confirms receipt, and (5) the crypto is released from escrow to the buyer. If there is a disagreement (for example, payment is delayed or the parties dispute receipt), the release can be paused while the platform’s dispute process determines whether the escrow should be released or refunded based on the evidence the parties provide.

On reliability, Remitano does not present a public uptime SLA in the interface shown here, so the clearest operational trust signal is longevity (active since 2016) and its presence across multiple markets. As with most online exchanges, users should still expect occasional slowdowns during peak demand or maintenance and test critical actions (deposits, withdrawals, and trade execution) with small amounts before scaling up.

On safety, the most visible user-protection mechanism is escrow itself, which helps ensure crypto is not released until the trade’s conditions are met. Beyond escrow, users should treat account access as a primary risk area and use the strongest security controls available within their account settings (for example, multi-step sign-in and withdrawal confirmations) and maintain careful payment proofs when trading P2P.

Escrow meaningfully lowers P2P settlement risk, but users still need to manage account security, payment reversals, and jurisdiction-specific compliance.

Supported Cryptos and Fiat Currencies

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Direct P2P activity is centered on the assets that can be deposited and withdrawn, while other coins are accessible through Swap/Invest and may be limited to internal conversions rather than direct P2P offers. Token coverage is relatively curated, so users looking for broad long-tail altcoin support may find the selection restrictive.

CryptocurrencyAvailable for P2P TradingAvailable for Swap/Invest
Bitcoin (BTC)YesYes
Bitcoin Cash (BCH)YesYes
Ethereum (ETH)YesYes
Litecoin (LTC)YesYes
XRPYesYes
Tether (USDT)YesYes
Binance Coin (BNB)NoYes
Cardano (ADA)NoYes
Chainlink (LINK)NoYes
EOS (EOS)NoYes
Ethereum Classic (ETC)NoYes
Monero (XMR)NoYes
NEO (NEO)NoYes
Stellar Lumens (XLM)NoYes
Tezos (XTZ)NoYes
Tron (TRX)NoYes

Fiat on- and off-ramps are available in select regions:

Fiat CurrencySupported Regions
Indian RupeeIndia (select regions)
Indonesian RupiahIndonesia (select regions)
Malaysian RinggitMalaysia (select regions)
Nigerian NairaNigeria (select regions)
Vietnamese DongVietnam (select regions)
Venezuelan BolívarVenezuela (select regions)

Swap and Invest

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After funding with crypto or fiat, users can either swap between supported assets or open positions with up to 2x margin.

Depending on region and asset, Swap/Invest access can function as an internal conversion layer rather than a direct P2P market, so availability may differ from the deposit/withdraw and P2P lineup.

Statistics

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The exchange serves customers in more than 30 countries. A data snapshot is shown below:

Remitano Review

Country support is largely driven by local payment rails and the presence of active market participants, so availability can vary over time even within a listed market.

Country/MarketSupport Notes
IndiaFiat rails available in select regions; availability depends on local payment methods.
IndonesiaFiat rails available in select regions; payment options can vary by locality.
MalaysiaFiat rails available in select regions; local method availability may change.
NigeriaOperational with NGN support in select regions; payment methods and liquidity depend on local participants.
VietnamFiat rails available in select regions; processing depends on local banking channels.
VenezuelaFiat rails available in select regions; availability can be uneven depending on local payment constraints.

U.S. Investors

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U.S. residents are not explicitly barred from trading, but they should independently assess any regulatory or compliance implications tied to their citizenship or domicile. In the worst case, they might be unable to access one or more platforms that could otherwise suit their needs, potentially including this one.

Trading Interface

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Trading layouts differ by platform; most display an order book (or a portion of it), a price chart, recent trades, and separate buy and sell forms. Here, the experience is simplified to a single order panel, which is easy for newcomers but lacks some advanced tools favored by seasoned traders. The purchase module on the landing page appears as follows:

Remitano Review

To switch markets, click “Choose another coin.” The following screen will appear:

Remitano Review

For a quick pros-and-cons view, Remitano’s key advantages include escrow-backed P2P trading, support for local fiat rails in select regions, and a straightforward interface. The main drawbacks include fewer advanced trading tools than many centralized exchanges, region-dependent funding and withdrawal availability, and P2P pricing that can be less comparable to centralized exchange fee benchmarks.

Remitano Fees

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Trading Fees

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  • Maker: Places resting orders and adds liquidity.
  • Taker: Matches existing orders and removes liquidity.
  • Example scenarios illustrating maker and taker roles: If Bill sells 1 BTC into Ingvar’s existing bid, Bill acts as the taker and pays the taker fee because he matched an existing order. If Bill instead places a sell order that does not immediately match and later gets filled, Bill is the maker on that order and pays the maker fee (typically lower), while the buyer pays the taker fee.

The fee logic used by Remitano is illustrated in the image below:

Remitano Review

Because Remitano operates a P2P marketplace, comparing its pricing to centralized exchange averages—around 0.217% for takers and 0.164% for makers—is not perfectly like-for-like.

Available information suggests that a 1.00% taker charge is not especially high for a P2P venue.

Makers pay no fees on Remitano, which is a meaningful advantage for users who prefer placing their own offers rather than filling existing ones.

Withdrawal Fees

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Bitcoin withdrawals cost 0.0005 BTC per transaction, which is well below the commonly cited industry average.

Benchmark figures put the typical BTC withdrawal fee near 0.000643 BTC, making 0.0005 BTC comparatively competitive.

Withdrawal pricing can change at any time in response to network conditions.

Withdrawal speed depends on the rail used. Crypto withdrawals are typically gated by internal processing and then by blockchain confirmation times (which can range from minutes to hours depending on network load and required confirmations). Fiat off-ramps depend on local banking or card processing times and, in P2P contexts, on how quickly the trade partner confirms payment or a dispute is resolved.

Deposit Methods

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Remitano supports bank transfers and credit card deposits. Because the platform accepts fiat funding, it stands out from exchanges that only allow cryptocurrency deposits.

Fiat deposit and withdrawal availability is region-dependent and typically aligns with the supported local currencies and rails noted above, so some users may see bank transfer options but not card funding (or vice versa) depending on their location.

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