Bitso has established itself in the Latin American crypto market, but its lack of transparent pricing and need for more advanced features may lead you to look elsewhere. In this guide, we'll break down what Bitso is, delve into the reasons for considering other options, and present alternatives tailored to different requirements.
What is Bitso?
Founded in 2014, Bitso is a cryptocurrency exchange platform primarily serving Mexico and Latin America, enabling users to buy, sell, and trade various digital currencies. The platform provides a Bitso Wallet for secure storage and Bitso Transfer for instant transactions using just a mobile number or email.
While users praise its straightforward interface and robust security, some note a need for more advanced features. Additionally, Bitso does not publicly disclose its pricing, requiring potential users to contact the company directly for fee details.
What to Consider When Selecting a Bitso Alternative?
As you explore alternatives to Bitso, weighing your specific needs against what different platforms offer is key; here are five factors to guide your decision:
- Transparent Fee Structure: Look for platforms that clearly outline their costs for transactions, conversions, and account maintenance.
- Fiat-to-Crypto Capabilities: Consider services that offer easy conversion between traditional currencies like USD and cryptocurrencies, especially if you manage global payroll or expenses.
- Business-Oriented Features: Determine if you need integrated tools for expense management, invoicing, and payroll, which are often found in platforms built for businesses.
- Customer Support Quality: Assess the provider's reputation for responsive and helpful customer service, as this can be vital for resolving issues quickly.
- Geographic Focus and Currency Support: Ensure the platform operates in your region and supports the specific fiat and digital currencies your business uses.
If these considerations resonate with your requirements, the following section details several alternatives that might be a better fit for your operations.
10 Best Alternatives to Bitso
1. OneSafe
OneSafe is a finance platform built to streamline banking processes for businesses, particularly those operating in the Web3 and crypto industries. We offer the tools for effortless fund management, quick payments, and access to both traditional and digital assets.
Our platform enables a direct 1:1 conversion from USD to USDC on Polygon, which simplifies payroll and expense management for global teams. We also provide end-to-end expense and payroll management, rapid account setup, and responsive customer support tailored for the digital asset space.
Pricing
We believe in transparent, straightforward pricing. Here’s a look at our fee structure at a glance:
- Free Account Services: Enjoy no fees for account opening, maintenance, card issuance, or holding a minimum balance.
- 0.1% US Domestic Transfers: Keep your domestic payments efficient with low-cost ACH and wire transactions.
- From 0.2% International Payments: Benefit from competitive rates for SEPA transfers (0.2%) and international wires (0.2% + $50 SWIFT fee).
- 0.1% USDT Transactions: A minimal fee applies to your USDT transactions.
- Included Fiat ↔ Crypto Conversion: Convert between fiat and crypto at market rates with no hidden fees.
Reviews
Users consistently praise our platform for simplifying complex financial operations and for our exceptionally responsive customer support.
- “OneSafe has the best customer support I've ever experienced from a bank.” - Amit Chu, Investments @ Celo Foundation
- “OneSafe is a game-changer. They solve so many headaches for our company. Finally a banking solution that gets it.” - Marco, CEO of Ensuro
Want to see what we can do for you? Check us out here.
2. Ampere
Ampere is a UK-based financial services provider offering a business current account designed for startups and small to medium-sized enterprises. The company's focus is on providing an all-in-one financial solution for these types of businesses.
Its platform supports multi-currency accounts with a 0.35% exchange rate and allows users to create invoices directly from their bank account. Additionally, the service offers business loans, commercial mortgages, and merchant accounts with settlements occurring twice a week.
Pricing
Here's a look at their pricing at a glance:
- £35 Business Account Setup: This fee includes the first month's maintenance (£20) and card issuance (£15), with a recurring £20 monthly fee.
- £25 Private Account Setup: This covers the first month's maintenance (£10) and card issuance (£15), followed by a £10 monthly fee.
- Free Local Transfers: No fees are charged for local transfers in GBP (Faster Payments) and EUR (SEPA). International SWIFT transfers are £25 each.
- 0.35% Currency Exchange: This fee is applied to the exchange amount for GBP and EUR transactions.
- From IC++0.35% Merchant Services: Merchant account setup is free, with acquiring fees starting at IC++0.35% for low-risk and IC++0.95% for medium-risk businesses.
Reviews
User feedback often points to the app's usability and features for managing multiple currencies. Some reviews indicate a desire for more advanced business tools, support for currencies like USD, and mention occasional issues with customer service and payment processing. Check out more Ampere reviews here.
3. Brex
Founded in 2017, Brex is a financial technology company that offers a suite of services including corporate credit cards, expense management, and business accounts. These offerings are integrated into a single platform intended to help businesses manage their financial operations.
The platform provides AI-powered custom rules, real-time reporting, and accounting integrations to enhance financial control. It is designed to cater to startups, mid-sized companies, and global enterprises with scalable solutions.
Pricing
Here's a look at their pricing at a glance:
- Free Essentials: This plan includes global card acceptance, AI-powered custom rules, accounting integrations, local currency wires, travel booking, real-time reporting, API access, bill pay, and reimbursements.
- $12 per user per month Premium: This tier includes all Essentials features plus multiple customizable expense policies, dynamic expense review chains, advanced approvals, multi-entity support, and customizable ERP and HRIS integrations.
- Custom Enterprise: This plan offers all Premium features along with options for unlimited US or global entities, local card issuance, a named account manager, and customizable implementation services. Pricing is determined by specific requirements.
Reviews
User reviews indicate mixed experiences with the platform. Common points of criticism include customer service responsiveness and challenges in resolving complex issues, alongside reports of sudden account closures. Check out more Brex reviews here.
4. Currensea
Currensea is a UK-based financial technology company that provides a travel debit card intended to lower foreign exchange fees for users. The card connects to an individual's existing UK bank account, eliminating the need to top up a separate account before use.
The service offers real-time exchange rates and sends immediate notifications detailing transaction amounts and savings. It operates on a subscription model with different tiers that set monthly limits for fee-free card spending and ATM withdrawals.
Pricing
Here's a look at their pricing at a glance:
- Free Essential: This plan includes a £500 monthly card spend at the real-time rate, with a 1% fee on amounts over this limit. ATM withdrawals are fee-free up to £200 per month, then a 2% fee applies. There is a one-time card delivery fee of £4.95.
- £39.95 Annually Pro: This plan offers unlimited fee-free card spending and fee-free ATM withdrawals up to £500 per month, plus additional perks.
- £150 Annually Elite: This plan includes all Pro features, with an increased fee-free ATM withdrawal limit of £750 per month and other benefits.
Reviews
User feedback indicates a variety of experiences; some reviews note issues with card acceptance in certain locations and express concerns about customer support responsiveness. Check out more Currensea reviews here.
5. N26
N26 is a German fintech company founded in 2013 that provides a fully mobile banking experience. The company offers services such as transaction accounts, debit cards, overdrafts, and investment products.
The platform provides real-time banking and an app interface designed for user interaction. It also includes tools for managing spending and savings.
Pricing
Here's a look at their pricing at a glance:
- Free N26 Standard: A no-cost account with no maintenance fees or minimum balance requirements, which includes a virtual Mastercard for online and mobile payments.
- €4.90 per month N26 Smart: This account provides tools for spending and saving, such as the ability to create up to 10 sub-accounts.
- €9.90 per month N26 Go: This plan is designed for travel, offering benefits like free ATM withdrawals abroad and travel insurance.
- €16.90 per month N26 Metal: A premium account that comes with a metal card, travel insurance, and priority customer support.
Reviews
User reviews mention issues with customer support, such as slow response times and unhelpful replies, as well as instances of account closures and frozen funds without clear explanation. Check out more N26 reviews here.
6. Mercury
Mercury is a financial technology company that offers online business banking services designed for startups and small businesses. The platform provides a suite of financial tools intended to serve the needs of early-stage companies.
It offers FDIC-insured checking and savings accounts, corporate cards, and integrated functions for bill pay and invoicing. Additionally, Mercury allows U.S.-incorporated companies to open accounts without requiring founders to be U.S. residents and has no minimum balance requirements or monthly account fees.
Pricing
Here's a look at their pricing at a glance:
- Free Mercury Plan: Offers essential banking services including checking and savings accounts, corporate cards, bill pay, invoicing, and reimbursements.
- $35 per month Mercury Plus: Includes all features of the Mercury Plan with additional reimbursements and invoicing capabilities.
- $350 per month Mercury Pro: Encompasses all features of Mercury Plus along with advanced workflows and dedicated support.
- Custom Enterprise: Tailored pricing and plan options are available for businesses with balances over $10 million.
- Other Fees: A 1% fee applies to currency conversions for non-USD currencies. Fees are also charged for treasury management and mass payments via API.
Reviews
User feedback indicates varied experiences, with some customers reporting issues such as sudden account closures, fund freezes, and delays in payment processing. Reports on customer support are also mixed. Check out more Mercury reviews here.
7. Everestcard
Everestcard is a neobank that provides financial management services for businesses. It offers instant issuance of both virtual and physical Mastercard credit cards to give teams access to funds.
The platform allows for online management of cards and expenses through a dashboard and web application. It includes expense management tools such as automated reports, digital receipt scanning, and transaction tracking.
Pricing
Here's a look at their pricing at a glance:
- €20 Monthly Plan: Includes up to three Mastercard credit cards and access to expense management tools.
- €5 Additional Cards: The cost for each card per month beyond the initial three.
- 90-Day Free Trial: Allows businesses to use the platform before subscribing.
Reviews
The few available user reviews express concerns about the company's reliability and responsiveness, citing issues like slow customer support and problems with account access. Check out more Everestcard reviews here.
8. Soldo
Soldo is a spend management solution that provides businesses with a platform to control and streamline their expenses. It combines a user app with various payment methods to help organizations manage decentralized spending.
The system includes real-time monitoring of multi-currency expenses, customizable user roles, and integration with accounting software. This allows employees to make necessary purchases while the company maintains financial oversight, potentially increasing productivity and reducing administrative work.
Pricing
Soldo offers a tiered pricing structure, but specific details are not publicly available. The company provides a free trial, and potential customers must contact Soldo directly for pricing information.
Reviews
User reviews indicate varied experiences, with some reporting issues such as login problems, slow statement delivery, and challenges with account closure processes. Customer support experiences also vary, with some users noting slow response times and difficulties resolving issues. Check out more Soldo reviews here.
9. Propulse by CA
Propulse by CA is an online banking and management platform developed for entrepreneurs, freelancers, and small businesses. It provides a range of tools intended to assist with financial and administrative duties.
The service offers an online business account with a French IBAN, a Visa Business card, and features for creating invoices and managing expenses. Users can also file URSSAF contributions through the application and access insurance included with the payment card.
Pricing
Here's a look at their pricing at a glance:
- Starter Plan: €8 per month.
- Start+ Plan: €17 per month.
Reviews
Some users report difficulties contacting customer support, which has resulted in delays with account setup and issue resolution. Check out more Propulse by CA reviews here.
10. Fiducial Banque
Fiducial Banque is an online banking institution established in 2014, operating as a subsidiary of the Fiducial Group. The bank provides a range of services tailored to professionals, small and medium-sized enterprises (SMEs), merchants, artisans, and associations.
Clients are assigned a dedicated advisor upon opening an account and can manage their finances through a fully digital system available 24/7. The institution also provides various financing solutions, including business loans and leasing options, to support company growth.
Pricing
Here's a look at their pricing at a glance:
- €12/month (excl. tax) PRO Base: Includes a professional current account, a dedicated advisor, online banking access, a Visa Business debit card, and unlimited SEPA transactions.
- €25/month (excl. tax) PRO Plus: Contains all PRO Base services, plus the ability to accept card payments, options for different Visa cards, and checkbooks.
- €45/month (excl. tax) PRO Excellence: Offers all PRO Plus features, with unlimited account movement commissions, one free monthly cash deposit, and a Visa Premier debit card with deferred debit.
Reviews
User feedback points to issues with customer service responsiveness, delays in assistance, and technical problems with the mobile application and online platform. Check out more Fiducial Banque reviews here.
Which One Should You Go With?
Choosing the right Bitso alternative depends on your unique business needs, and any of the platforms listed can be a solid choice. If you're looking for a solution built for the digital age with transparent pricing and integrated crypto features, we believe OneSafe stands out. Ready to simplify your business finances? Sign up for OneSafe today.
