Remitano Review: Is Remitano Safe, Genuine, Real, Working, Legit or Scam. Find out in this review

Remitano aims to bridge the gap between fiat and  cryptocurrencies  via peer-to-peer (P2P) trading while offering additional valuable features such as instant coin swaps, altcoins investment, and wholesale trading.

Remitano is built by an international team with high industrial expertise in banking, finance, cryptocurrencies, and software development.

Remitano has evolved to be among the top global p2p (peer-to-peer) cryptocurrency exchange platform

In this remitano review article, you will get more details about remitano network, how to use it for your daily crypto activities and how to mine remitano native token (Renec)

Remitano Review

Remitano is a p2p (peer-to-peer) cryptocurrency exchange that was launched in 2014 and registered in Seychelles.

It is a product of Babylon Solutions Limited (a digital marketing and technology agency that’s incorporated in Seychelles)

Remitano provides escrowed P2P Bitcoin marketplace where people buy and sell bitcoin easily and safely with notable simple UI, friendly online customer support 24/7 and lowest fee compared with major players on the market.

Remitano team is comprised mostly by banking professionals with extensive experience in financial products, E-currencies, Payment System and Agile Software Development, and others.

Is Remitano Available In Nigeria

Remitano is available in nigeria and it also provides service to countries such as the United States, Australia, Malaysia, Vietnam, Cambodia, and China.

What Is Remitano Wallet

Remitano has a built-in wallet that’s divided into two categories which are:

Crypto Wallet

This is a wallet that automatically facilitate creation of wallet for different cryptocurrency such as Bitcoin, USDT, Ethereum, Bitcoin Cash, Litecoin and Ripple (XRP)

Fiat Wallet

Fiat wallet is used to store your local currencies on the website, it will help to boost your trading experience.

The trade will be automatically completely/instant trade when you have sufficient local currencies on the website and you also don’t need to wait for seller to check his bank statement.

However, remitano only support Fiat Wallet for Nigeria market (NGN wallet), Kenya market (KES wallet) and Malaysian wallet ( MYR wallet)

How Much Does Remitano Cost?

Remitano coin (RENEC) currently has no value as it’s at development stage

According to remitano team, they will reveal more information about its worth later on as it’s an ongoing developing project.

However,more details will be provided as the project progresses.

Moreover, beware of any coin that’s claiming remitano coin as it’s a fake one created to scam innocent community members or investors, an update will be released on their various social media handle for every development progress

Below is an image of a fake renec token created under bsc blockchain

How Do I Open A Remitano Account

To open a remitano account, navigate to remitano official website login/register page here

Click on three line at the top right side and click on login/register

On the next page, click on “sign in with email”, then input your email address and click on send link

A link will be sent to your mail afterward, then you click and activate your account

How Do You Use Remitano?

You can use remitano for different cryptocurrency activities and they are listed below

• P2P Exchange

• Investment

Remitano allow it users to invest in a particular coin and buy the coin with a minimum amount of $20, while they monitor the market move and close the investment anytime

Note: The investment may incur loss and also users can’t be able to withdraw the coin they bought as an investment to external wallet unless they close the investment

Remitano provide users with bitcoin, altcoins and Blockchain news which will help them get deeper insights of crypto market and quickly grasp opportunities to make proper cryptocurrency investment decisions.

• Swap

Remitano allow you to swap one cryptocurrency to another within one minute

• Forum

Remitano also created a forum for her users, to stay up to date on the happening in blockchain and crypto spacd

• Mining Renec

Remitano allow users to mine their native cryptocurrency (Renec) with just a click every one hour.

Login your account with the app, navigate to “mining renec”, scroll down and click on ” mine renec” to start mining renec every one hour

How Do I Withdraw From Remitano

To withdraw from remitano, login your account and locate your dashboard

Click the small three parallel line at the top-left side and click on wallets

Then, click on withdraw on the specific crypto you want to withdraw

On the next page, input the address you want to send the crypto and also the amount you want to send, then click “submit”

Is Remitano Legit or Scam

Remitano is a peer-to-peer cryptocurrency exchange that provides a secure trading environment and connects bitcoin traders from different parts of the world.

Remitano is different from other centralized exchange platforms currently in the market, which are heavily dependent on the banks to receive deposits and facilitate withdrawals for customers, thus, remitano is safe and legit as it operates without the need of a banking partner, completely shielding the service from their whims and fancies.

Remitano is safe and legit because when you open a trade on remitano, the specified amount of Bitcoins you wish to buy are transfered from the seller’s wallet and held locked on Remitano’s escrow service.

Hence, you can send payment (cash) to the seller without being worry of not receiving Bitcoin

Remitano also allow users to get 50% fee discount for any delayed trade

Final Verdict

Remitano Network is not a single blockchain, rather it is a set of blockchains designed to be interchangeable from the beginning.

The initial network will be a simple value transfer one, similar to bitcoin, litecoin but with faster block time and more efficient consensus protocol.

Then remitano development team will add a token decentralized exchange to the network, and then the decentralized fiat-token escrow, and last, a full ledge smart contract platform.

According to them, as they discover new technologies in the blockchain space, they will add it to the remitano network, so with the RENEC token, investor should have the ability to transact quickly, exchange cheaply, escrow reliably, and performing sophisticated smart contracts.