How to register a Remitano account and how to buy and sell bitcoins for beginners. In this article cryptocurrencyin4.com will guide new crypto market entrants how to register for an account and how to trade bitcoin.
1 – What is the Remitano exchange?
Remitano is a crypto exchange founded by Babylon Solutions Limited based in the Republic of Seychelles and is providing services to several major countries such as the US, China, Vietnam, Campodia, Nigeria.
Currently remitano is allowing the trading of popular cryptocurrencies such as BTC (Bitcoin), ETH (Ethereum), BCH (Bitcoin Cash), LTC (Litecoin), USDT (Tether), XRP (Ripple). In addition, the remitano exchange is not as diverse as altcoins like Binance.
2 – Advantages and disadvantages of remitano floors
2.1 – Advantages
The interface supports multi-language, simple, easy to use.
Good security support to increase security through 2FA.
2.2 – Disadvantages
Not yet support as many altcoins as the Binance exchange.
1% transaction fee, higher than some other exchanges.
3 – How to register a Remitano account
3.0 – Step 1: Prepare registration documents
You need to prepare the following documents to be able to successfully register for a Remitano exchange account:
A bank account is registered with your own name, with registration for Smart banking and internet banking services. This bank account will be used to buy and sell crypto.
Identity card, passport (passport), driver’s license. Use for identity verification.
How to register a remitano account with an email account has 2 layers of security. If you do not know how to secure 2-layer email, cryptocurrencyin4.com has the instructions below.
3.1 – Step 2: Register for an account
First you need to access Remitano
Next, you perform the steps as shown below.
- Tap on the language icon.
- Choose the right country for your country.
- Choose the language that suits you.
- Click the “login / register” button.
You enter your email account to sign up.
Next you set an alias for your Remitano account. Note: In this alias you write letters without accents.
Here you go through the terms and click on “I have read and agree”.
3.2 – Step 3: Install App Google authenticator on your phone
Now you need to install google authenticator app on your phone. This App will be used to set the security of your Remitano account.
Go to AppStore / ChPlay on your phone and search for “Google authenticator” to install.
3.3 – Step 4: Secure your account with google authenticator app
Now you need to install 2-layer security to ensure the security of your Remitano account.
You do the following in the order as shown below:
1. Click the down arrow icon.
2. Click on “Settings”.
3. Press the “Enable” button.
Now remitano will ask you to install google authenticator app on your phone (you installed in step 3 above). You click on the “next” button to start the security process.
You open the google authenticator app on your phone, click on the icon “+” -> “Scan a QR code”.
You scan the barcode on the screen or enter the setup key and then press the “Next” button. Note: you save this setting key in a secret place, this is the key that will be used to recover in case you delete the app or lose your phone.
After successfully scanning the QR, you will see the 6-digit code in your google authenticator app.
To this step you enter the 6-digit code in the application and press the button “Enable”.
When you successfully install the 2-layer security you will see the status “Enabled” as shown below.
Ok, you’re done with security. From now on, every time you make transactions, deposit or withdraw money, Remitano will ask you to enter a 6-digit code in this google authenticator app.
4 – Instructions for KYC Remitano verification
The steps above you have to secure your account safely. However, to be able to initiate a deposit or withdrawal transaction on Remitano, you need to verify the identity of your Remitano account.
In your account click on the arrow icon pointing down -> “settings”.
4.1 – Step 1: Verify phone number
You click on the tab “profile” -> “add phone number”.
You select the country then enter your phone number, remember to put 0 in front of your phone number. Then press the “Continue” button.
Now you check your phone message and enter the code in the box then press the “Verifcation code” button. If you do not see the code to send the message, please check if your phone number is still available, otherwise you need to top up your phone number and then click on “Haven’t received SMS”, at this time Remitano will call to read the verification code for you.
After successfully verifying the phone number, you will see the verified status line.
4.2 – Step 2: Verify document
After you have verified your phone number, in the profile tab you click “Upload documents” in the account status.
Next, you scroll down to the bottom and click on the pen icon.
Here you enter your full name and exact number matching your identification, then click the button “Update”.
Now take a photo of the original front panel that includes your name and portrait photo 1 of the following 3 types of documents: ID card, driver’s license, passport.
# Take photos of documents
#Upload photo documents
In the next step, Remitano exchange will ask you to use 1 blank sheet of paper to write information according to Remitano’s request and take a photo with the above identification document that you just sent photo to Remitano.
Next, Remitano will ask you to use 1 sheet of paper to write the information requested by Remitano and take portrait photos with the paper.
The final step Remitano will ask you to take a photo of the secondary identifier document. This means that you will take a photo of the front of an identity document other than the one you sent above to send to Remitano.
When you have successfully verified you will see the status “verified” as shown below. If the verification failed, you will need to redo the steps above.
4.3 – Step 3: Verify the bank account
To be able to verify, you click on the arrow icon pointing down -> “Verify account” -> “Verify”
You choose the appropriate bank and enter your account number then click “Verify”.
Once you are verified your account will reach level 3.
5 – Instructions to secure your email account using Remitano registration
In addition to account security on the Remitano exchange is not secure enough, you need to secure 2 layers for the email account you use with Remitano registration. The steps for email security are as follows:
You login to your email, click on the 9-dot icon in the right corner and select “Account”.
You choose to “Security” -> “2-step verification” then perform the verification steps according to the instructions of the email.
Ok, you’re done securing your email account.
6 – Learn transaction terms
To be able to trade and use the Remitano exchange, you need to understand the basic terms before you intend to buy and sell crypto.
6.0 – What is P2P transaction?
P2P transaction is a form of crypto transaction between buyers and sellers together and through remitano as an intermediary to ensure the interests of both buyers and sellers.
1. The buyer executes the order to buy bitcoin.
2. Remitano will hold the seller’s bitcoins.
3. The buyer transfers money to the seller.
4. The seller confirms the receipt of the money from the buyer.
5. Remitano transfers the bitcoins to the buyer’s wallet.
6.1 – What is Remitano invest?
Remitano invest is a form of using USDT to invest in buying altcoins currently on the exchange such as EOS, Binance Coin, TRON, …
When you deposit USDT to open an investment order for a certain altcoin, if the price of that altcoin increases, you profit, you close the order to take profit, the profit will be remitano plus USDT wallet for you. On the contrary, if the altcoin price falls then you lose, remitano will subtract the USDT difference in your wallet.
6.2 – What is Remitano Swap?
Remitano swap is a feature that allows you to convert from one cryptocurrency to another. This is a great feature and convenient that Remitano has.
For example, if you want to convert BTC to ETH, you use the Swap function to convert all your BTC to ETH corresponding to the current market value.
More specifically, this swap feature is also used by investors to convert crypto to StableCoin USDT to avoid price fluctuations.
7 – Instructions to buy Bitcoin on the Remitano exchange
To be able to buy or sell bitcoins, you click on the “P2P Exchange” or click on the homepage logo “Remitano” -> select bitcoin -> press the button “buy now”.
Here you enter the amount of bitcoins you want to buy, then the converted price corresponding to the amount will be displayed below.
Pay attention to choose the appropriate payment method for your wallet. Remitano allows payments through remitano wallets or through other banks.
If you choose to pay via Remitano wallet, you will buy bitcoin with the money you deposit into Remitano wallet and the order will be executed immediately. (Recommended this form)
If you choose to pay through the wallet of other banks, after placing the order, you need to transfer to the seller and wait for the confirmation of the seller, then Remitano will transfer the bitcoin to your wallet.
Cryptocurrencyin4.com will guide you to buy in the form of a Remitano wallet to ensure fast and instant matching of the buy orders.
7.1 – Step 1: Deposit Remitano wallet
To top up your wallet you need to go to “dashboard” -> “wallets”.
Here you click on the button “Deposit” the local currency corresponding to your country.
Next you manipulate the order as shown below:
1. Choose your bank account.
2. Enter the amount to deposit.
3. Click the “Deposit” button.
In addition, you can “View limits” for withdrawals to know details about your account limit.
Next, Remitano will show you the information for the transfer. You make a transfer according to the content that Remitano displays.
After you make the transfer on your bank account, take a screenshot of your proof of transfer and send it to Remitano.
So you have finished depositing into Remitano wallet.
7.2 – Step 2: Execute the order to buy bitcoin via Remitano wallet in the form of P2P
To buy bitcoins, follow the order below:
1. Select “P2P Exchange”.
2. Select “Bitcoin”.
3. Select “Buy Now”.
You do it in the following order:
1. Enter the amount of bitcoins you want to buy.
2. Choose a seller with remitano wallet transaction.
3. See the total amount you have to pay and whether your remitano wallet balance has enough money.
4. Press the “Buy” button.
Next steps you follow the instructions of Remitano. Buy orders will be executed immediately. Then you go to “wallet” to check the amount of bitcoins you just bought.
8 – Guide to sell Bitcoin on the Remitano exchange
In the step above you already know how to buy bitcoins, next Cryptocurrencyin4.com will guide you on how to sell bitcoin on Remitano.
To sell bitcoin, you choose to “P2P Exchange” -> select “Bitcoin” -> choose “Sell now”.
You want to sell the amount of bitcoins, Rremitano will display the list of people who want to buy bitcoins below. Now your job is to choose the buyer that fits your criteria. You should choose those who have trading form via “Remitano wallet” so that the sell order will be matched immediately.
Next steps you follow Remitano’s instructions to complete the sale of bitcoin. After selling, go to “wallets” to check the legal amount collected.
9 – Instructions to withdraw money from Remitano to your bank account
Once you’ve sold your bitcoins and received fiat currency in your wallet, you can now withdraw that money back to your bank account.
You do so in the following order:
1. Access to the “Dashboard”.
2. Select “Wallets”.
3. Click “Withdraw” from your fiat money.
4. Enter the amount of legal currency you want to withdraw or press the button “Max” to withdraw all the legal amount you have.
5. Press the “Continue” button.
Next steps you follow the instructions of remitano and enter the 6-digit security code in google authenticator app to complete the withdrawal.
10 – Instructions for depositing / withdrawing bitcoins from remitano to another exchange
If during the transaction you want to load bitcoins from another wallet or transfer bitcoins from Remitano to another wallet, please see the instructions below.
10.1 – Deposit bitcoins from another wallet to Remitano
To be able to deposit bitcoins, you go to the “Dashboard” -> “wallets” -> press the “Deposit” button at bitcoin -> on the other wallet you want to load bitcoins into the remitano you scan the QR code or copy the code. under the QR used to load.
10.2 – Transfer bitcoin from Remitano to another wallet
If you want to transfer the bitcoins you have on your remitano wallet to another wallet, do the following:
1. Access the “Dashboard”.
2. Select “wallets”.
3. At bitcoin choose “withdrawal”.
4. Enter the BTC wallet address you want to transfer. Note: remember to enter the correct address to avoid losing your BTC number.
5. Enter the amount of BTC you want to transfer. (Tip: to avoid risk, you enter a small amount of bitcoins to test transfer before you want to transfer large amounts of bitcoins).
6. Press the “Submit” button.
The next steps you follow the instructions of Remitano to complete.
11 – Instructions on how to use the invest and swap features on Remitano
As explained above, invest is a feature that allows you to use USDT to invest in profit from altcoins. Swap is a feature that allows you to convert cryptocurrencies to each other. How to use these 2 features, you see the instructions below.
11.1 – How to use the invest feature
If you predict some altcoin in the future will increase in price, you will use the invest feature to deposit USDT to make a profit. Conversely, if the price of the altcoin that you deposit decreases, you will lose.
To be able to use the invest feature, you first need to have USDT in your wallet, the procedure follows the steps below.
Step 1: fiat money recharge
First you need to add fiat money to buy USDT legal. Fiat money is money converted at the currency and denomination of your country.
You access to “Dashboard” -> “Wallets” -> press “Deposit” button in the local currency.
You choose the corresponding bank -> enter the amount you want to deposit -> press the button “Deposit”.
The next steps you follow follow the instructions of the Remitano.
Step 2: Buy USDT
Once you have deposited fiat money into your remitano wallet, you will now buy USDT. You do the following:
1. Choose the form of “P2P Exchange”.
2. Select Tether USDT.
3. Press the “Buy Now” button.
1. Enter the amount of USDT you want to buy.
2. Choose a seller with remitano wallet transaction.
3. Check the total amount to be paid by the seller.
4. Press the “Buy” button.
Next steps you follow the instructions of Remitano
Step 3: Deposit USDT with altcoin
You click on “invest”, below you will see a list of altcoin coins, you choose which one, then click on the buy button corresponding to that coin.
Once you have chosen the altcoin, go to the step of creating an investment order. You should choose “normal” for safety, for the “margin 2x” mode is the mode of leverage x2 your money if you make a profit, otherwise if you lose it x2 times.
You enter the amount to invest and then press the button “create investment”.
After you create an investment order you can review it in the “dashboard” -> “investments” section.
The price of the altcoin in your investment order will be updated continuously. If you see that the price increase has made profit or decreased and you want to stop loss, you access the list of investment order management to close the take profit or stop loss order.
When you close the order, the difference USDT will be added to your wallet. Conversely, if you lose, the difference in USDT will be deducted from your wallet.
11.2 – How to use the Swap feature Remitano
Swap function is used to convert from one cryptocurrency to another. Usually, investors take advantage of this function to convert crypto to USDT every time there is a price fluctuation.
For example, you own 1BTC with current price of $ 50,000. You notice that the BTC situation is falling and will probably drop to the $ 30,000 level. Now you want to preserve the value of BTC that you are holding, then use swap to convert from BTC to USDT.
The swap function does the following:
1. Select “Swap”.
2. Press “max” to select all the amount of BTC you have.
3. Select “USDT”.
4. Press the “Swap” button.
After the swap is complete you access to “wallet” to check your USDT number.
12 – Conclusion
So cryptocurrencyin4.com has instructed how to register a Remitano account and how to buy and sell bitcoin transactions from A-Z. Wish you successful practice !. If you find the article useful, please share it with others!