Ripio, also known as BitPagos offers a comprehensive app with access to a Web3 wallet, DeFi opportunities (Staking ETH, BTC, and USDC), and Ripio Card (with up to 2% cashbacks in UXD, BTC, or ETH).
Ripio exchange has launched and developed its own Blockchain called LaChain and various products, including Capyfi (crypto lending DeFi application) and UXD (a USD-linked stable coin).
Ripio; Exchange History and Regulation
Ripio's journey in the crypto world began in 2013, making it one of the pioneers in the Latin American market.
Founded by Sebastian Serrano, this Argentina-based company has grown exponentially over the years, now boasting over 10 million users.
Key features of Ripio:
- Legal entities in 8 countries, including Argentina, Brazil, Mexico, Colombia, Chile, Uruguay, USA, and Spain
- More than 300 employees
- Registered as Virtual Asset Service Provider (VASP) under No. 36
- Tokenization services
Ripio Specifications
The Cryptocurrency exchange offers various individual and business services, including OTC Desk and Earn programs. Here’s a table of Ripio’s key features.
Exchange | Ripio |
Launch Date | 2013 |
Levels | 8 levels |
Trading Fees | Maker: 0.00% - 0.25% Taker: 0.10% - 0.50% |
Restricted Countries | All countries other than Argentina, Brazil, Mexico, Colombia, Chile, Uruguay, USA, and Spain |
Supported Coins | 54 |
Futures Trading | No |
Minimum Deposit | 100 ARS |
Deposit Methods | Bank Transfers, Mercado Pago, Crypto |
Withdrawal Methods | Bank Transfers, Crypto |
Maximum Leverage | 1:1 |
Minimum Trade Size | N/A |
Security Factors | Cold Storage, 2FA, Proof of Reserves (PoR), SSL encryption, Cloudflare DDoS Protection |
Services | Visa Crypto Card, Earns, Tokenization, Ripio Trade, LaChain |
Customer Support Ways | Chatbot, Help Center |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | N/A |
Orders Execution | Market |
Native Token | RPC |
Does Ripio Offer User Levels?
The company provide crypto trading with a multi-tier fee structure through its 8 user levels, including:
Level | Trading Volume (USD) |
1 | 0 |
2 | 1,000 |
3 | 5,000 |
4 | 10,000 |
5 | 100,000 |
6 | 500,000 |
7 | 1,500,000 |
8 | 5,000,000 |
Ripio Trading Fees
Ripio Trade employs a Maker-Taker fee structure, offering volume-based incentives determined by your trading activity over the past month.
Level | Trading Volume (USD) | Maker | Taker |
1 | 0 | 0.25% | 0.50% |
2 | 1,000 | 0.21% | 0.45% |
3 | 5,000 | 0.17% | 0.40% |
4 | 10,000 | 0.13% | 0.35% |
5 | 100,000 | 0.09% | 0.30% |
6 | 500,000 | 0.05% | 0.25% |
7 | 1,500,000 | 0.03% | 0.20% |
8 | 5,000,000 | 0.00% | 0.10% |
The platform’s fee structure is designed to be competitive within the Latin American market. However, they’re higher than average compared to global competitors.
Ripio Exchange Markets
At the time this article is being written, the platform’s market page doesn’t showcase any digital assets. however, according to CoinMarketCap, Ripio supports 54 cryptocurrencies, including:
- PAXG
- SAND
- ALGO
- USDC
- USDT
- BTC
- DAI
- DOGE
- LTC
- ETH
Does Ripio Support Crypto Futures and Margin Trading?
The company acquired the BitcoinTrade platform in January 2021, and integrated it into its own ecosystem in 2023, introducing Ripio Trade.
The platform only supports buying, selling, converting, and spot trading of digital assets.
Ripio Exchange Sign Up and KYC
Signing up for a Ripio account is a straightforward process, but it does involve a comprehensive Know Your Customer (KYC) verification to comply with regulatory requirements.
- Visit the exchange’s official website;
- Click “Register”;
- Select your country of residence;
- Choose your account type (Personal or Business);
- Enter your email address and set a strong password;
- Verify your email via the confirmation link;
- Provide proof of ID and proof of residence.
Note that at the time of writing this Ripio review, only clients from LATAM and United States can verify their accounts.
Safety and Security
In addition to strong regulatory frame work (registered in 8 countries, including US) that we mentioned earlier in this Ripio review, the exchange has implemented various security measures to ensure users’ data and funds safety, including:
- Clod Storage: holding 95% of funds in offline wallets
- 2FA: Two factor authentication for accessing accounts
- Proof of Reserve (PoR): Showcasing all the user funds under the platform’s custody
- SSL encryption
- Cloudflare DDoS Protection
Ripio Funding and Withdrawals
The platform supports buying and selling crypto via fiat or digital assets.
You can either transfer cryptocurrencies to your Ripio wallet or charge it via ARS using the following methods:
- Bank Transfer
- Mercado Pago (one of the biggest payment platforms in Latin America)
Note that the minimum crypto purchase is 1400 ARS and it’s associated with a 0.5% commission.
Ripio User Satisfaction
Ripio reviews on reputable websites like TrustPilot help potential customers to get a feel of what’s waiting for them on the platform.
There are 1,780 comments on Ripio’s TrustPilot profile, gaining the broker a great score of 4.2 out of 5.
Does Ripio Exchange Offer Any Growth Plans or Copy Trading?
While the exchange doesn’t provide a copy trading service, it has an Earn program.
Through its wallet and the “DeFi Opportunities” section, Ripio enables investors to earn passive income on their digital assets, such as USDC, ETH, and BTC with the following protocols:
- Capyfi
- Paxos
- Compound
- AAVE
- Yern
Writer's opinion and conclusion
Ripio with a focus on LATAM region provides Crypto Spot trading, Buy/Sell, and Convert services in 8 countries, including US and Spain.
The exchange allows for ARS deposits via bank transfer or Mercado Pago with a minimum purchase amount requirement of 1400 ARS.
While the broker has great TrustPilot score of 4.2, the lack of phone/online support and Futures/Margin trading services are the biggest weaknesses in this Ripio review.
