Review: Remitano Vs LocalBitcoins

Remitano Vs LocalBitcoins: 2017 Review

Remitano and LocalBitcoins are two very similar platforms. They both offer Bitcoin exchanges by connecting buyers and sellers through the escrow system. LocalBitcoins is the first of its kind while Remitano launched about 3 years later improving on some features of LocalBitcoins. They both have their strength and weaknesses. However remitano seem to be leading in strenght in recent time as they have included exchnage of Ethereum while LocalBitcoins is stil strictly bitcoins

I have reviewed Remitano and LocalBitcoins in the past stating guides on how to safely trade on this platforms. Today, however, I am going to I am going to closely compare these two platforms head to head to help you make a better choice when buying or selling Bitcoins.

Remitano Vs LocalBitcoins at a Glance:

 RemitanoLocalBitcoins
Logo
Availability Worldwide41 countriesall countries
ReputationGoodGood
Customer SupportVery GoodGood
Verification Email, ID, Phone (depends on User)Email, ID, Phone (depends on User)
Payment methodsBank Transfer Bank transfer, Cash, Paypal, Webmoney, Western Union etc
Transaction Fees1%1%
Exchanges rate Fair (varies with country and time)Fair (varies with country and time)
Visit SiteVisit Site
  

Worldwide Availability

Remitano: is available in 41 Countries worldwide:  Australia, Bangladesh, Belarus, Cambodia, Canada, Ivory Coast, China, Colombia, Denmark, Spain, United Kingdom, Ghana, Indonesia, Israel, India, Italy, Japan, Kenya, Mexico, Malaysia, Namibia, Nigeria, Netherlands, Norway, New Zealand, Oman, Philippines, Pakistan, Poland, Qatar, Russia, Singapore, Sweden, Taiwan, Tanzania, Thailand, Uganda, United States, Vietnam, South Africa, Zimbabwe.

LocalBitcoins: All countries Worldwide

Verification Process:

On both Platforms, you are only required to verify your email address to buy bitcoin. However, most User will only deal with those with more verified information such as Phone number an ID verification.

Accepted Payment Methods:

LocalBitcoins having been around for a longer time and in more countries than Remitano has more Payment method.

Payment Method in Remitano:

  • Bank Transfer

Payment Methods in LocalBitcoins:

  • Cash (in person: if you are in close proximity with the seller)
  • Wire Transfer
  • Bank Transfer
  • Webmoney
  • Western Union
  • Paypal

Fees

A transaction fee of 1% is levied on sellers across each platform. However, to make up for this fee, sellers charge a higher exchange rate.

Exchange Rate:

The exchange rate on LocalBitcoins and Remitano varies from country to country. For example, the exchange rate for LocalBitcoins in Nigeria is quite high when compared with Remitano. However, in the USA the exchange rate on Remitano is higher than that in LocalBitcoins. Having said this, please note that the exchange rate on each platform is a function of the seller, therefore, they vary from time to time.

I observed the exchange rate on both platforms for a month and found out that the exchange rate for the Nigerian naira on LocalBitcoins has been about 0.043% to 0.8% higher than that on Reminato.

 

Remitano Vs LocalBitcoin: Who offer a Better Support

LocalBitcoins:

LocalBitcoins have various platforms to support Users experience; the FAQ page contains almost all the answers to your questions. The guide page is well detailed with information to put users through basic operations. If you have any issue, you can contact LocalBitcoins on Twitter or Submit a support ticket. However, during the weekends, you might have to wait for 12 – 24 hours for a reply to your quarry ticket.

Remitano:

Remitano has a more responsive customer support, the best being their ‘live chat’ which is available 24 hours 7 days a week. Users can also refer to the help centre. You will find the answer to almost all questions you might have.

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Conclusion: Which is Better? – Remitano or LocalBitcoins:

There is no straight answer to this question, it all depends on what you want. LocalBitcoins has been there for a longer time; about 3 years before Remitano. Remitano on the hand has a more responsive customer support through their ‘live chat’. The exchange rate on both platforms depends on your countries. The major limitation you might have when choosing Remitano is that it might not be available in your countries, even when it is, there might be only a few sellers to choose from as to when to compare with LocalBitcoin.

To make a choice, Visit Remitano and LocalBitcoins to see for yourself. All the Best

If you have any questions, please leave a comment below.

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