How to Use Bitso

Cryptocurrency has grown rapidly in Latin America, and one of the leading platforms in the region is Bitso. Founded in Mexico, Bitso has expanded to serve users in Argentina, Brazil, and beyond. It allows people to buy, sell, and transfer cryptocurrencies, as well as send cross-border payments. For beginners, the platform may seem overwhelming at first, but learning the basics makes it much easier to use. This guide walks through the key steps of getting started with Bitso.

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What Is Bitso?

Bitso is a cryptocurrency exchange, meaning it’s a digital marketplace where people can trade between local currencies (like the Mexican peso or Argentine peso) and cryptocurrencies such as Bitcoin, Ethereum, and stablecoins.

Beyond trading, Bitso also supports:

• Cross-border payments – enabling fast, lower-cost transfers compared to traditional banks.
• Mobile transactions – through its app, users can buy and sell crypto or send money to others easily.
• Crypto-to-fiat conversion – allowing users to exchange between digital assets and their national currency.

Its focus on Latin America sets it apart from larger global exchanges, as it offers local banking connections and services tailored to the region.

How to Use Bitso

At its core, Bitso works like most exchanges: users create an account, deposit money, and then use that balance to buy or sell cryptocurrencies. The platform also lets you transfer crypto to other wallets or withdraw money to a bank account.

The main features include:

1. Trading – Buying and selling crypto pairs (like BTC/MXN or ETH/BRL).
2. Payments and transfers – Sending crypto to friends, family, or external wallets.
3. Withdrawals – Converting crypto into local currency and transferring it to your bank.

Creating a Bitso Account

Getting started requires setting up an account:

1. Download the app or visit the website – Bitso is available both on mobile and desktop.
2. Sign up – Provide your email address, create a strong password, and accept the terms of service.
3. Verify your identity (KYC) – To comply with regulations, Bitso requires Know Your Customer verification. This typically involves:
   • Uploading a photo of an official ID (passport, driver’s license, or national ID).
   • Providing proof of address.
   • Taking a selfie for identity confirmation.

Verification levels may vary by country and affect deposit/withdrawal limits.

Depositing Funds on Bitso

Once your account is ready, you need to add funds before trading:

• Bank transfer – Link your bank account and send a transfer in your local currency.
• Debit or credit card – In some regions, cards can be used to add money instantly.
• Crypto deposits – If you already own cryptocurrency, you can deposit it directly into your Bitso wallet by generating a deposit address.

Processing times depend on the method: bank transfers may take a few hours, while crypto deposits usually confirm within minutes.

Buying and Selling Crypto on Bitso

With funds available, you can begin trading:

1. Choose a trading pair – For example, if you want Bitcoin with Mexican pesos, select BTC/MXN.
2. Decide order type –
   • Market order: Buys or sells instantly at the current price.
   • Limit order: Lets you set your own price and wait until the market reaches it.
3. Enter the amount – Specify how much crypto or local currency you want to trade.
4. Confirm the transaction – Review the details before finalizing.

After purchase, the crypto will appear in your Bitso wallet, where you can hold it, transfer it, or sell it later.

Withdrawing Funds from Bitso

When you want to move money out of Bitso, you have two options:

• Withdraw to a bank account – Convert crypto into your local currency and transfer it to your linked bank account. Processing times may vary by country.
• Transfer crypto – Send cryptocurrency to an external wallet by entering the recipient’s wallet address and confirming the transaction.

Always double-check addresses and details before confirming withdrawals, as transactions cannot be reversed.

Security Tips for Bitso Users

Like any financial platform, security is critical:

• Enable Two-Factor Authentication (2FA) – Adds an extra step when logging in or making withdrawals.
• Use a strong, unique password – Avoid reusing passwords across different services.
• Watch for phishing attempts – Only log in through the official Bitso app or website, and be cautious of emails or messages asking for login details.
• Consider cold storage for long-term holdings – If you plan to hold crypto for a long time, transferring to a private wallet may be safer.

Bitso has become a major entry point for cryptocurrency in Latin America, offering both accessibility and local support. By creating an account, depositing funds, and learning how to trade or transfer assets, beginners can start exploring the world of digital currencies. With proper security measures in place, using Bitso can be a straightforward way to buy, sell, and move crypto safely and effectively.