Today, I will show you 5 alternatives to Remitano.
Without any doubt, Remitano is one of the best exchanges. In fact, it holds the first position when it comes to trading volume in Nigeria.
However, it does not mean you shouldn’t have options. Or, does it?
You know what they say, “do not put all your eggs in one basket”. And no exchange has it all, not even Remitano (LOL).
By the end of this post, you will know 5 other exchanges similar to Remitano that you can try.
Let’s dive right in!
Post Summary
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Enjoy!
Brief Overview Of Remitano
Remitano, a product of Babylon Solutions Limited, is the most frequently used peer-to-peer exchange in Nigeria.
It provides an escrowed P2P platform that connects buyers and sellers so they can negotiate on a price.
The company has a customer base of 1.5M+, is supported in more than 30 countries, and supports the following cryptocurrencies:
You can read our extensive review of Remitano here.
Without any further ado, let’s attend to what brought us here. Shall we?
Top 5 Remitano Alternatives
1. Paxful
The first Remitano alternative on my list is Paxful, an excellent P2P exchange that is based in the USA.
It was founded in 2015 by Ray Youssef and Artur Schaback.
Services offered by both Paxful and Remitano apart from P2P are Wallet and Affiliate program.
With respect to supported countries and payment methods, Paxful has an upper hand over Remitano.
But when you are considering supported cryptos, transaction fees, and customer support, Remitano does better.
It is relatively cheaper to trade in Remitano than in Paxful with the former supporting up to 6 cryptos. Paxful supports only BTC.
So, if you are looking to trade only BTC, Paxful is a good option. It is also easier to trade with Paxful if you are in the US.
On the other hand, Remitano will be a faster option for persons living in Africa.
Want to read our head-to-head comparison of Remitano and Paxful? Then click here!
| REMITANO | PAXFUL | |
| Exchange Type | P2P | P2P |
| Supported Cryptos | BTC, ETH, LTC, BCH, XRP, USDT | BTC |
| Supported Countries | 58 Countries | All except OFAC banned countries |
| Payment Methods | Fiat currencies (varies with users country) | More than 300 |
| Transaction Fees | 1% | 0.1 – 5% |
| Verification Requirements | ID card Selfie Date Note | Phone number ID card |
| Customer Support | Excellent | Average |
| Mobile App | Yes | Yes |
2. Binance (P2P)
Binance is a very popular cryptocurrency exchange with excellent trading services.
Not long ago, it included P2P trading as one of its services. And Nigeria is the first African country to enjoy this service.
On the Binance P2P platform, users can buy/sell cryptos with other users and verified merchants. This platform also features an escrow system and 24/7 customer support.
Users are also allowed to become P2P merchants. Thus, they can post trade ads and earn money.
Just like Remitano, transactions on this platform are fast and secure.
If you are looking to accept cryptos in your business, then Binance P2P is a good option for you.
It features a Business-2-Consumer model which is not available on Remitano.
| REMITANO | BINANCE (P2P) | |
| Exchange Type | P2P | P2P |
| Supported Cryptos | BTC, ETH, LTC, BCH, XRP, USDT | BTC, BNB, BUSD, ETH, EOS, USDT |
| Supported Countries | 58 Countries | 30 countries |
| Payment Methods | Fiat currencies (varies with users country) | Bank transfer Credit/Debit card Cash deposit, etc. |
| Transaction Fees | 1% | Nil |
| Verification Requirements | ID card Selfie Date Note | Phone number ID card |
| Customer Support | Excellent | Good |
| Mobile App | Yes | Yes |
3. CoinCola
Thirdly, on my list of Top Remitano Alternatives, we have Coincola.
It gained recognition in the Nigerian market in 2019 and has its headquarters at Hong Kong.
Coincola supports more cryptos and payment methods than Remitano.
If you stay in Nigeria, Coincola has services that you will benefit from like its OTC Crypto Trading and Gift cards exchange.
Both platforms allow you to buy cryptos using your local fiat currency.
While Remitano offers lower transaction fees, Coincola has more trading options.
Also, if you wish to exchange crypto for crypto, Coincola will come through for you.
Additionally, Coincola supports the Peer-to-Peer exchanges of gift cards. You can exchange bitcoins for any of the following Gift cards:
- Amazon gift card
- iTunes gift card
- Steam Wallet Gift Card
- Google Pay Gift Card
- eBay Gift Card
- Walmart Gift Card
- Sephora Gift Card
| REMITANO | COINCOLA | |
| Exchange Type | P2P | P2P |
| Supported Cryptos | BTC, ETH, LTC, BCH, XRP, USDT | BTC, ETH, XRP, GUSD BCH, LTC, DASH, USDT |
| Supported Countries | 58 Countries | Over 140 countries |
| Payment Methods | Fiat currencies (varies with users country) | Wire transfer Cash deposit |
| Transaction Fees | 1% | 0.7% |
| Verification Requirements | ID card Selfie Date Note | Phone number ID card |
| Customer Support | Excellent | Excellent |
| Mobile App | Yes | Yes |
4. LocalBitcoins
We have here another P2P exchange that passes as a top Remitano alternative.
For example, the exchange rate in both platforms differ from country to country. And sellers are levied 1% transaction fees.
However, LocalBitcoins does better than Remitano in more ways than one.
First, it supports all countries while Remitano supports only 58. Also, it accepts more payment options than Remitano that accepts only one.
Meanwhile, Remitano supports more cryptos, offers more services, and higher security.
| REMITANO | LOCALBITCOINS | |
| Exchange Type | P2P | P2P |
| Supported Cryptos | BTC, ETH, LTC, BCH, XRP, USDT | BTC |
| Supported Countries | 58 Countries | All |
| Payment Methods | Fiat currencies (varies with users country) | Bank Transfer Paypal Money gram Cash Deposit SEPA Neteller, etc. |
| Transaction Fees | 1% | 1% |
| Verification Requirements | ID card Selfie Date Note | Phone number ID card Proof of Residency |
| Customer Support | Excellent | Good |
| Mobile App | Yes | No |
5. CryptoLocally
CryptoLocally, formerly known as EOSlocally made it to my list of top Remitano alternatives.
This exchange allows you to buy/sell cryptos and create orders. And you can do all of that using your local fiat currency.
CryptoLocally supports more cryptos than Remitano including EOS, WAX, USDJ, USDC, TRX, TLOS, SENSE, BOS, JST, GIV, EOSDT, BNB, BUSD, BTC (BEP-2), ETH (BEP-2), DAI, USDT(ERC-20, TRC-20), ETH.
Also, this platform charges lower fees and supports more countries.
It was founded by Hugo Campanella, with headquarters at Hong Kong.
| REMITANO | CRYPTOLOCALLY | |
| Exchange Type | P2P | P2P |
| Supported Cryptos | BTC, ETH, LTC, BCH, XRP, USDT | EOS, WAX, USDJ, TLOS, BNB, etc. |
| Supported Countries | 58 Countries | All |
| Payment Methods | Fiat currencies (varies with users country) | Bank Transfer Paypal M – Pesa Cash Deposit Alipay, etc. |
| Transaction Fees | 1% | 0.99% – 0.5% |
| Verification Requirements | ID card Selfie Date Note | |
| Customer Support | Excellent | Good |
| Mobile App | Yes | No |
Conclusion
There you have them, top five Remitano alternatives.
I suggest you open accounts with one or more of the exchanges described above. You may need their services one of these days.
Also, you can check out our post on Top P2P exchanges, if you feel you need more options.
And that’s all I have for you today. Now, I’d love to hear from you:
Which of the Remitano Alternatives from my list would you try first?
Do you know any other P2P exchange that qualifies to be on this list?
Let me know your thoughts in the comments section right now.
Again, your friends need to know about these Remitano alternatives too. Why not hit those share buttons before you leave?
Thank you!
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