Remitano

Remitano is one of Southeast Asia and Africa's most established peer-to-peer (P2P) cryptocurrency exchanges, founded in April 2014 and operating for over a decade. With 6 million+ active users across 50+ countries, Remitano specialises in connecting buyers and sellers of cryptocurrency directly, with an escrow-based system that protects both parties in each trade. For Vietnamese, Malaysian, and Nigerian users who want to buy or sell crypto with local currency and local payment methods, Remitano has long been the go-to platform.

About Remitano

Remitano was founded in April 2014 by Dang Huynh and is operated by Babylon Solutions Limited, registered in the Seychelles (registration #168830). Despite the offshore registration, the platform has maintained a strong operational focus on Southeast Asia and Sub-Saharan Africa — two regions where traditional banking infrastructure is limited and demand for accessible crypto on-ramps is high.

The platform gained early traction in Vietnam, where it became one of the first widely used ways to buy Bitcoin with VND (Vietnamese Dong) through local bank transfers. As Vietnam's crypto market grew rapidly in the late 2010s, Remitano became synonymous with P2P trading for Vietnamese retail users — a position it has maintained over its decade-long history.

Key Facts

Key Features

P2P Escrow Trading

Remitano's core product is its peer-to-peer trading marketplace. Buyers and sellers post offers specifying the price, payment method, and trade limits. When a trade is initiated, Remitano's escrow system locks the seller's cryptocurrency, ensuring the buyer cannot be scammed. Once the buyer confirms fiat payment, the crypto is released from escrow. This trustless escrow model is the backbone of Remitano's security and has protected millions of trades over its 10+ year history.

Local Fiat Support

Remitano excels at supporting local currencies and payment methods that global exchanges typically ignore. Vietnamese users can buy and sell crypto directly in VND through domestic bank transfers. Similarly, Malaysian users trade in MYR via Maybank or CIMB, Nigerian users use NGN via local bank accounts, and Kenyan users trade KES through M-Pesa. This local payment integration is Remitano's primary competitive moat — it makes crypto accessible to users who have no access to credit cards or international wire transfers.

Crypto Swap

Beyond P2P trading, Remitano offers a direct swap service covering 37 cryptocurrencies. Users can instantly convert between supported assets at a 0.25% fee without needing to match with a counterparty. This feature is useful for quick portfolio adjustments or moving between assets during volatile market conditions.

RENEC Blockchain

Remitano has developed its own blockchain — RENEC (Remitano Network Coin) — as the underlying infrastructure for a broader ecosystem of DeFi products, remittance services, and micropayments. RENEC is designed for low-cost, high-speed transactions and serves as the native currency of the Remitano ecosystem, offering users additional earning opportunities through staking and liquidity provision.

Fee Structure

Remitano vs Binance P2P — Which for Vietnam?

Pros & Cons

Summary

Remitano has earned its position as a trusted P2P crypto exchange over more than a decade of operation in markets where it matters most — Vietnam, Malaysia, Nigeria, and across Southeast Asia and Africa. Its escrow-based P2P model provides genuine protection for both buyers and sellers, and its local fiat support remains one of the best ways for Vietnamese users to buy Bitcoin directly with VND.

For users whose primary need is converting local currency to crypto (or vice versa) safely and reliably, Remitano remains a compelling choice. Its 1% maker fee is the main drawback compared to Binance P2P, but Remitano's decade-long track record, simpler interface, and purpose-built P2P focus make it the preferred option for many first-time buyers across its core markets.