Comparison of Bigone vs Bitso [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Bigone vs Bitso comparison!

Your expert: Alejandro Borja

bigone

Bigone

  • Threenvest valuation: 3,4/5
  • US legal: Yes
  • Security: High 4/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

bitso

Bitso

  • Threenvest valuation: 3,3/5
  • US legal: No
  • Security: High 4/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Main points

Fees

0.20%

Earns

Yes

Customer service

3/5
0,075%/0,098%

Fees

Yes

Earns

4/5

Customer service


Recommended for

Beginners

No

Trading

Yes

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.9 – Competitive fees with additional costs for advanced features.
3.9 – Competitive fees within Latin America.

Level

0.20%
0,075%/0,098%

Brief explanation

As an expert on our website, I highly recommend BigONE for cryptocurrency trading. This Singapore-based exchange offers a robust platform for trading a wide range of digital assets, including over 140 premium tokens. BigONE stands out with its strong security measures, including Two-Factor Authentication (2FA) and the use of cold wallets for 98% of user funds, making it a reliable choice for both novice and experienced traders. The user-friendly interface, combined with competitive fees of 0.20% for both makers and takers, further enhances its appeal. However, the prolonged verification process and the lack of support for fiat deposits are areas that could be improved​.
Bitso maintains a competitive edge in the crypto exchange landscape through its straightforward and relatively low fee structure. The platform employs a maker-taker fee model, which incentivizes market liquidity. Makers, who add liquidity by placing limit orders, enjoy lower fees compared to takers, who remove liquidity by executing against existing orders. Fees can vary depending on the user’s 30-day trading volume, promoting more frequent trading by offering decreasing fees for higher volumes. This tiered approach not only supports active traders but also ensures the platform remains accessible to newcomers, keeping initial costs lower than many other exchanges.

Bigone

bigone
Read bigone review
  • Year Founded: Established in 2017, BigONE has been in operation for several years, allowing it to develop a mature platform with robust features. This longevity in the volatile crypto exchange market signifies stability and a proven track record.
  • Security Methods: BigONE's commitment to security is exemplary, utilizing multi-layered security protocols to protect users' assets. This includes measures like cold storage for the majority of funds, two-factor authentication (2FA), and regular security audits to ward off potential threats.
  • Reputation and Reviews: The exchange has maintained a good reputation within the crypto community, evidenced by positive user reviews across various forums and platforms. Users praise its user interface, range of services, and the responsiveness of customer support, indicating a reliable service.
  • Trading Volume and Liquidity: BigONE supports a significant amount of daily trading volume, ensuring high liquidity for its users. This is crucial for traders who need to execute large trades without impacting the market price significantly, and it also indicates the trust and scale of operation BigONE manages.
  • Transparency: The platform is known for its transparent fee structure and clear policies regarding trading, withdrawals, and deposits. This transparency builds trust with users, as they can trade knowing there are no hidden fees or policies that could affect their trading activities unexpectedly.
  • Pros
  • Wide range of cryptocurrencies available.
  • Supports thirteen world fiat currencies.
  • Low transaction and withdrawal fees.
  • Cons
  • No active operating license.
  • Complex commission system.

Read bigone review

Bitso

bitso
Read bigone review
  • Year Founded: Established in 2014, Bitso has a long-standing presence in the cryptocurrency market. This longevity is a testament to its resilience and adaptability in the rapidly evolving crypto environment.
  • Security Methods: Bitso employs robust security measures including two-factor authentication, cold storage of digital assets, and multi-signature wallets. These practices ensure a high level of security for user funds and transactions.
  • Possible Regulation: Bitso is regulated by the Gibraltar Financial Services Commission (GFSC), one of the few cryptocurrency exchanges in Latin America to be overseen by such a respected regulatory body. This regulation reinforces Bitso's commitment to compliance and security standards.
  • Trading Volume and Liquidity: Bitso provides substantial trading volume and liquidity, making it easier for users to execute trades efficiently and at desired prices. This is particularly beneficial in a market known for its volatility, where trading depth can significantly impact transaction costs and speed.
  • Customer Service: Bitso offers exceptional customer service with support available 24/7 through multiple channels, including live chat and a comprehensive help center. This dedication to customer support ensures that users' queries and issues are addressed promptly and effectively, enhancing the overall user experience.
  • Pros
  • Supports Mexican Peso for trading.
  • User-friendly mobile application available.
  • Low trading and withdrawal fees.
  • Cons
  • Limited cryptocurrency selection.
  • Geographically restricted availability.

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Product selection

Native token

No
No

Earns

Yes
Yes

NFT marketplace

Yes
No

Cripto/debit card

Yes
No

Company information

Full name

BigONE Exchange
Bitso SAPI de CV

Regulation

Not regulated
Regulated in México

Year founded

2017
2014

Founder

Unknown
Pablo González, Ben Peters, Daniel Vogel

Payment methods

Transfers

No
Yes

Mastercard

Yes
Yes

Wire transfer

No
No

Card

Yes
Yes

Comparative table

Bigone FEATURES Bitso
BigONE allows for relatively low minimum trades, making it accessible for beginners.
Minimum Trade
The minimum trade amount is low, enabling accessibility for traders of all sizes.
The platform offers competitive fees, though its complex point system can be confusing.
Trading and Transaction Fees
Bitso offers competitive fees, with a sliding scale that benefits high-volume traders.
Offers a wide range of cryptocurrencies, catering to diverse trading preferences.
Number of Cryptocurrencies
Bitso supports major cryptocurrencies but has a more limited selection compared to larger exchanges.
Extensive variety of trading pairs, although not the market leader.
Crypto-to-Crypto Trading Pairs
Offers a moderate range of crypto-to-crypto trading pairs, adequate for most traders.
The website provides essential information but could improve in detailing fee structures.
Website Transparency
Bitso provides clear and detailed information on its operations and security measures.
Dont’ have crypto card
Credit/Debit Card
Bitso lacks a dedicated exchange card, limiting its utility for in-store cryptocurrency transactions and associated benefits.
Provides secure storage options with cold storage practices for the majority of funds.
Storage Offering
Secure storage with cold wallets and multi-signature technology to ensure safety.
Offers staking options with competitive rewards, enhancing investment opportunities.
Staking and Rewards
Provides some options for staking and rewards but not as extensive as some competitors.
Excellent mobile and desktop platforms that are user-friendly and highly functional.
Mobile App and Desktop
Highly functional and user-friendly mobile and desktop platforms that enhance trading experience.
Customer service is available but lacks immediate real-time support like a call center.
Customer Service
Excellent customer support with 24/7 access via multiple channels, including live chat.
Efficient deposit and withdrawal processes, but could be enhanced by accepting more fiat options.
Deposit and Withdraw
Efficient deposit and withdrawal processes, though mainly tailored to Mexican users.

Key features

Analysis tools

Basic charting tools, some technical indicators
Basic charting tools

Mobile APP

Yes
No

Security

High 4/5
High 4/5

Additional features

Margin trading, futures trading, staking, BigONE token (ONE) rewards
Crypto-to-crypto trading, Bitso Transfer (payment service), staking, educational resources

Anonymity

Yes
No

Key points

Available cryptocurrencies

100+
30+

User-friendliness

BigONE features a user-friendly interface that is easy to navigate. Its design caters to beginners, making the process of buying, selling, and managing cryptocurrencies straightforward and efficient.
Bitso provides a straightforward and user-friendly interface, ideal for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand for new users.

Value for money

Offers good value for money with low trading fees and a diverse range of cryptocurrencies, making it an affordable option for traders.
Delivers decent value for money with competitive fees and a strong presence in Latin America, making it a good choice for regional users.

Countries of operation

United States, Canada, Australia, Singapore, United Kingdom
Mexico, Argentina, Brazil

Best for

Suitable for beginners and experienced traders seeking an affordable platform with low trading fees and a diverse range of cryptocurrencies.
Suitable for Latin American investors, particularly those in Mexico, Argentina, and Brazil, looking for a reliable platform with competitive fees.

Base currencies available

BTC, ETH, USDT
MXN, ARS, BRL, BTC

Account

Trading

BigOne is known for its high liquidity and extensive range of tradable cryptocurrencies. The platform is secure and offers competitive fees. However, it lacks some advanced trading features found on other platforms.
Bitso is the leading exchange in Latin America, offering a variety of cryptocurrencies and easy fiat integration. It is user-friendly but might not have the advanced tools needed by professional traders.

Deposit and withdrawal

BigOne supports various deposit methods including bank transfers and crypto. Withdrawals are processed efficiently, usually within a day. Fees are low, enhancing user convenience.
Bitso provides easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, typically within a day. Fees are competitive, making it a good choice for Latin American users.

Account opening process

BigOne offers an easy account registration process. Users must fill out personal information and verify their identity. The process is efficient and usually completed within a day, ensuring quick access to trading.
Bitso’s account opening process is simple and fully digital. Users need to provide personal information and verify their identity. The process is quick, typically taking less than a day to complete.

KYC required?

No
Yes

Customer Service

BigOne provides support via email and live chat. While the support team is responsive and knowledgeable, the absence of phone support and limited support hours can be a drawback.
Bitso provides support through email and live chat. The support team is knowledgeable and responsive, but the lack of 24/7 support may be a drawback for some users.

Security

BigOne uses advanced security features like 2FA and cold storage. Despite its strong security measures, the platform is not regulated by major financial authorities, which could be a concern for some investors.
Bitso ensures security through 2FA, encryption, and cold storage. It is regulated by Mexican authorities, providing a secure environment for investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on our website, I recommend BigONE for traders who prioritize a variety of cryptocurrency options and robust security measures. The exchange offers an extensive selection of crypto-to-crypto trading pairs and maintains high liquidity, which is ideal for both new and experienced traders. However, potential users should note the lack of direct credit/debit card support and the complexity of its fee structure, which may require some initial adjustment. Overall, BigONE is a solid choice, especially if you value a secure and diverse trading environment.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert reviewer on our website, I find Bitso to be a solid choice for traders, especially those based in Latin America. Its strong regulatory compliance, combined with a user-friendly interface and dedicated customer service, makes it a reliable platform. However, if you’re looking for a wider variety of cryptocurrencies or need more global payment options, you might want to explore other exchanges. Nonetheless, for those new to cryptocurrency or primarily trading in Mexican Pesos, Bitso offers an excellent starting point.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Bigone and Bitso