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Launched in 2014, the Bitso app serves as a trading platform, enabling users to buy, exchange, and sell crypto assets. It accepts crypto-to-crypto and crypto-to-fiat transactions with major volatile and stablecoins and works mainly in Latin American countries.
Robust security measures can help you navigate the service safely. These include data encryption, regular security assessments, and the things integrated into the Bitso app registration, such as the number requirement. For a concise overview of its sign-up nuances and features, check out SMS-man’s guide.
A Guide to The Bitso App
Its major advantage is the spot trading feature, allowing for buying, selling, and exchanging various assets at affordable fees that don’t usually exceed 2%. This includes stablecoins like USDT and DAI, as well as volatile cryptocurrencies such as BTC, ETH, Litecoin, and many others.
Originating in Mexico, the Bitso app operates with the Mexican Peso, as well as USD, Colombian & Argentine Pesos, and Brazilian Real, catering to the languages spoken in these regions. The earnings end up in your free in-app wallet.
What is Bitso Card?
Beyond spot trading, all Bitso account holders can link a bank card, transfer money to external wallets, or apply for a branded card, suitable for both online and in-person purchases. This card is accessible in both digital and physical formats for an annual fee, and can only be loaded with Mexican pesos.
Although the card is funded exclusively with this currency, it operates globally. With a card, you cash out your money from ATMs both within Mexico and internationally. Each card has a suite of protection measures, allowing for blocking, unblocking, and re-issuing your card in several clicks via the Bitso app.
Is Bitso Secure?
Operating in Latin America, this service holds a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission. This indicates that it upholds the highest standards in financial storage and safety practices.
Moreover, it undergoes regular audits by third parties, aimed at ensuring high-level protection of customer funds and data. So, is Bitso secure in terms of data storage? The answer would probably be yes, considering it is constantly changing to meet the newest regulations, safety measures, and audit results.
For example, the regular assessments have influenced information requirements set by developers for users who want to complete Bitso login registration. Check below to discover the specific details they need in 2024.
How to Complete Bitso Account Registration
Registering with Bitso involves a few straightforward steps. Here’s what you need to do:
- Initiate the registration process by pressing the sign-up button.
- Add personal information including your country of residence, email, and phone number (which must be from one of the supported Latin American countries), and create a password for your Bitso login.
- Accept their Terms of Service, Privacy Policy, and Cryptocurrency Risk Disclaimer, and confirm that you are 18 years old.
- Finalize your registration by tapping the completion button.
Keep in mind, it will have to ensure your trustworthiness with additional documentation. This may include a national ID, a utility bill for address verification, and a bank statement. These requirements stem from regulations imposed by the Mexican government, ensuring security for users.
Is Bitso secure enough to provide information like your phone number? Despite the compliance with regulations and various security practices, it might be useful for you to complete the signup avoiding the number submission.
It’s crucial to understand that for every protection measure, there are equally sophisticated tools designed to bypass these safeguards. The most effective strategy to guard against hackers, spammers, and fraudsters is to minimize your digital footprint.
When signing up for the Bitso app, consider using auto-generated data instead of your real one. SMS-Man offers temporary numbers that can smoothly facilitate account creation without any issues while ensuring you remain compliant with laws and its terms of service.
How to Login Bitso with a Temporary Phone Number
Temporary phone numbers are capable of receiving verification messages from online services, such as the one for the Bitso account, without a physical SIM card. This functionality is enabled by cloud technologies, which handle all related activities over the Internet.
This also means you can purchase stable and anonymous phone numbers online. SMS-Man platform offers options for over 150 countries and 2,000 services, for less than $0.50 apiece.
So, if you want to give it a try, this detailed guide will come in handy:
- Go to sms-man.com, then register or log in.
- Top up your balance on the “Top up my balance” tab.
- Click the “Buy SMS” button and select one of the available countries.
- Then select Bitso service and click the buy button.
- Copy your phone number in the “History” section.
- Enter it when Bitso requests SMS confirmation.
- Go back to your SMS-Man profile and click the “Get SMS” button.
- Send the code in the app to complete your Bitso registration.
Vyacheslav is SEO expert at SMS-MAN. He also writes on virtual numbers and SMS verification issues on SMS-man Blog.
You can reach Vyacheslav at: z@sms-man.com