As a crypto platform, part of our job is to understand what other providers are building. My team and I review public documentation, pricing, product flows, and the evidence we can verify. We give credit where it is due, and we state the limits we find. This review explains what we could confirm about Remitano, what it does well, where it may not fit, and who should consider it.
Note that we did create an account to test Remitano's response times, payout speed, support, uptime, and product behaviour.
Remitano at a glance
| Legal entity | Babylon Solutions Limited |
|---|---|
| Launched | 2014 or 2015, depending on source. |
| What it is | A global peer-to-peer crypto marketplace with escrow, plus a wallet, coin swap, and an "Invest" product |
| Platform fee | 1% built into the P2P price, charged to the ad poster. Swap fee 0.25%. No fee on deposits or standard withdrawals beyond blockchain network costs |
| Payout speed | Peer-to-peer. Money moves directly between trader and counterparty, with no published settlement SLA |
| Supported coins | Core: BTC, BCH, ETH, LTC, XRP, USDT. Additional coins available via Swap and Invest |
| Can you buy crypto? | Yes, via P2P, including with NGN |
| Can you swap coins? | Yes, a dedicated Swap feature |
| Can you hold USD? | Not as fiat USD. |
| KYC | Tiered, from phone verification up to bank verification for fiat access, with escalating limits at each level |
| Markets | 100+ countries |
| Regulatory status | Not licensed. States directly it operates "in an unregulated, international open payment system." Listed as an unauthorised firm by the UK FCA and formally reprimanded by Malaysia's Securities Commission |
| App type | iOS and Android mobile app, plus web |
Pros and cons
Pros
- A long operating history, dating back roughly a decade, with an established P2P escrow mechanism.
- A published, straightforward fee structure. 1% built into the P2P price charged to the ad poster, 0.25% on swaps, and no additional fee on deposits or standard withdrawals beyond network costs.
- A working coin-swap feature alongside P2P trading, letting you convert directly between assets.
- Broad geographic reach, reporting availability in over 100 countries.
Cons
- Its own Terms of Service state directly it is unregulated. Verbatim: its business "consists of facilitating the buying, selling and trading of Bitcoins... in an unregulated, international open payment system."
- No Nigerian SEC or VASP registration found published anywhere.
- P2P disputes can run long. A recent App Store review describes a dispute unresolved for roughly 16 days, with Remitano's own developer response acknowledging the delay.
How Breet compares to Remitano
No individual counterparty to negotiate with. Crypto converts against Breet's own settlement, with no P2P dispute to open in the first place.
More coins supported. Breet converts BTC, ETH, USDT, USDC, BNB, BUSD, DOGE, LTC, BCH, TRX, AVAX and SOL, with TON and XRP; whatever coin you actually hold is more likely to be supported.
Automatic settlement. Set it once and cash reaches your bank without you opening the app once the crypto deposit is confirmed on-chain.
Naira actually works. Breet pays out naira directly to a Nigerian bank account or mobile money, so you are not relying on a currency pair that a global exchange can delist overnight.
Where Remitano is ahead
- A working coin-swap feature alongside P2P, letting you convert between assets directly.
- Broad country coverage, reporting availability in over 100 countries against Breet's two.
- A long operating history, roughly a decade, longer than most competitors in this category.
