Remitano is a peer-to-peer crypto exchange with margin trading, investing, swapping and news services. The firm has been operating since 2014 and is trusted by 1+ million customers in 50+ countries with $15+ billion in executed orders. The community feel, alongside 24/7 customer support and no minimum deposit, make the brand attractive to aspiring crypto investors.
Nexo is a centralized crypto exchange founded in 2018 in Bulgaria and today operates across some 200 jurisdictions from its base in Switzerland. It provides services including spot trading, futures trading, peer-to-peer loans, cold wallet storage and fiat-on ramps to buy crypto tokens. The crypto firm is registered with some respected financial authorities, such as the ASIC, and offers some fairly unique additional services including a credit card.
Pros
Competitive fee structure with no P2P taker charges and no deposit fees for the majority of fiat and crypto transactions
Access to an extensive P2P trading network spanning 50+ countries with community integration
Responsive customer support available 24/7 with community forum for idea sharing and fast help
Fiat and crypto deposit and withdrawals are permitted in some jurisdictions
Margin trading available with a maximum leverage rate of 1:2
Native token mining opportunities
Reputable crypto exchange that has been in business since 2018 and has taken some steps toward regulation
Nexo Pro is a user-friendly proprietary platform that suits trading strategies with great charting features
Value-add tools integrated into the trading platform including social media analysis and newsfeeds by asset
Traders can access perpetual futures to open long or short positions on crypto assets, increasing strategic opportunities
Nexo’s crypto staking and credit features support crypto lending and borrowing, and the yields lenders receive are among the best going
Traders benefit from bonuses and incentives including free trading funds paid to lenders and cashback in the form of the exchange’s native Nexo token
Cons
Remitano is unregulated, lowering its safety score
Narrow range of cryptos compared to leading alternatives
There is no demo account available
Although Nexo has registered with some reputable watchdogs, it is riskier to trade with than established crypto brokers like AvaTrade and Vantage
High deposit and withdrawal fees for cards and e-wallets will price many traders out of the most convenient payment methods
Very few educational resources are available, reducing its appeal to beginners who can find more helpful resources at category leaders like eToro
High maker/taker fees mean traders will pay more to trade derivatives than they would at rival exchanges like Binance
The range of tokens is extensive compared to most crypto brokers but still much smaller than similar crypto exchanges like Kraken
Awards
Best Cryptocurrency Wallet – FinTech Breakthrough Awards, 2023
Best Use of Crypto and/or Blockchain in Financial Services – PAY360 Awards, 2022
Remitano supports the purchase, sale, trading and investing in 23 major cryptocurrency tokens through its proprietary web and mobile trading platforms. This includes leading tokens like Bitcoin, Ethereum and Ripple.
Nexo offers trading on an impressive suite of around 70 tokens, including Bitcoin. Digital assets can be bought, sold and swapped directly on the exchange or traded in over 500 pairs. Digital assets can also be used as collateral for fiat loans or used to generate passive income with the ‘smart staking’ tool or from interest earned via peer-to-peer loans.
