Best Crypto Exchanges in Brazil

Summary: In Brazil, the best approach to buy and trade Bitcoin and other cryptocurrencies is through a Brazilian exchange regulated by the Brazilian Securities Commission (CVM). Investors can use bank transfers, PIX payments, and various alternatives to deposit Brazilian Real (BRL) and participate in acquiring, staking, and trading digital assets legally.

To help you begin your crypto journey in Brazil, we've evaluated the top 5 trading platforms in the country. These are the most reliable choices available:

1. Bybit - Best Crypto Exchange in Brazil
2. eToro - Best Multi-Asset Exchange in Brazil
3. Mercado Bitcoin - Best Brazil-based Crypto Exchange
4. Binance - Best Global Crypto Exchange
5. Bitpreco - Good Alternative Brazilian Crypto Exchange
   

Top Crypto Trading Platforms in Brazil

To determine the best crypto platforms in Brazil, we reviewed over 15 exchanges accessible to residents across the country. Our evaluation methodology took into account crucial aspects such as adherence to Brazilian regulations, the diversity of assets available, user interface, availability of deposit options in BRL, related fees, and other considerations. Based on our comprehensive review, we've compiled a list of the top five exchanges for Brazil's crypto investors.

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1. Bybit

Bybit is the premier cryptocurrency exchange for Brazilian investors, boasting a platform that's fully accessible in Portuguese, complemented by round-the-clock customer support staffed by native Portuguese speakers via live chat. They are one of the largest and most trusted platforms in the world with over 400 crypto assets and deep liquidity in their spot and futures markets.

Catering to the Brazilian market, Bybit offers seamless deposit methods that support the Brazilian Real (BRL), ensuring a smooth trading journey for locals. They are also acclaimed for their cutting-edge futures trading platform that empowers users to leverage their positions by up to 100x, a feature that draws seasoned traders eager to amplify their trading prospects.

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2. eToro

Marking its position as the second leading crypto investment platform in Brazil, eToro provides an impressive array of assets, encompassing over 3,000 cryptocurrencies, stocks, commodities, indices, and ETFs. Its unique social trading features, such as Copy Trading and a Virtual Account for practice, set it apart from its competitors. Authorized by renowned financial regulators worldwide, eToro has won the confidence of over 30 million investors both in Brazil and internationally.

Brazilian investors value the platform for its user-friendly interface and affordable Brazilian Real deposit options via PIX payments, online banking services, and debit cards. Furthermore, eToro offers competitive fees, with no upfront commissions and narrow spreads on assets. These features underscore eToro's standing as a secure and robustly regulated investment platform, securing its place as the second best in the Brazilian market.

• ‍Fees: Free deposits & withdrawals, 0% trading fees and a 1% spread.‍
• Supported Assets: 70 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies, and 300 ETFs.‍
• Regulation & Licensing: Brazilian Securities Commission (CVM) and other key regulators.‍
• Customer Support Options: 24/7 support via live chat, Portuguese language support, email & online ticketing system.‍
• BRL Deposit Methods: Bank Transfer, Credit/Debit Card, Pix and more.

3. Mercado Bitcoin

Mercado Bitcoin is the best local crypto exchange in Brazil and is based in São Paulo. It has over 3.5 million registered Brazilian users. This platform offers access to over 200 cryptocurrencies, thousands of NFTs, and even Football Fan Tokens through Socios.com. Mercado Bitcoin also offers cryptocurrency staking services, however, they have low yields (returns).

• Fees: Deposits and withdrawals are free. The maker/taker rebate is 0.3%/0.7%.
• Supported Assets: 200+ cryptocurrencies.
• Proof Of Reserves: Does not provide proof of reserves.‍
• Customer Support Options: Email and Social Media.‍
• BRL Deposit Methods: Bank Transfer.

4. Binance

Binance is the largest crypto exchange in the world with over 120 million users in 100 countries, including Brazil. It is one of the most feature-rich platforms in the world, second only to Bybit. On Binance, users can trade, stake, earn, lend, borrow and spend thousands of tokens. It offers derivatives and spot trading, crypto loans and staking, a crypto card, and an NFT marketplace.

• Fees: Variable deposit fees (based on method) and withdrawals are free. Spot trading fee is 0.1%, and the futures maker/taker rebate is 0.02%/0.07%.
• Supported Assets: 350+ cryptocurrencies.
• Proof Of Reserves: Does not provide proof of reserves.‍
• Customer Support Options: Live Chat, Email, Online Ticketing System and Social Media.‍
• BRL Deposit Methods: Bank Transfer, PIX Transfer, Debit Card, Credit Card and more.

5. Bitpreco

Bitpreco is the best alternative local crypto exchange in Brazil. This platform offers access to over 20 different tokens, which is relatively low compared to the other platforms on this list. One thing that does set Bitpreco apart is its customer service team which can be contacted via phone. It is the only exchange that offers direct Portuguese-speaking phone support.

• Fees: Variable deposit and withdrawal fees based on the method. Spot trading fee is 0.2%.
• Supported Assets: 20+ cryptocurrencies.
• Proof Of Reserves: Does not provide proof of reserves.‍
• Customer Support Options: Live Chat, Email and Phone.‍
• BRL Deposit Methods: Bank Transfer and Credit/Debit Card.

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Is Buying Crypto Legal in Brazil?

Yes, it is legal to buy and sell cryptocurrencies in Brazil. The Central Bank of Brazil has issued guidance that makes using digital assets legally permissible. In particular, the Central Bank of Brazil has stated that it will not regulate crypto-assets or tokenised financial securities. Additionally, cryptocurrency exchanges are required to comply with local laws and regulations related to anti-money laundering (AML).

All five platforms listed in this article meet this requirement. Buying crypto in Brazil is a great way for investors to diversify their portfolios by investing in an asset class that offers quick liquidity and solid returns over the long term.

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How to Buy Crypto in Brazil‍

For those keen on exploring the cryptocurrency market in Brazil, this concise, comprehensive guide will assist you in getting started:

1. Choose a regulated platform: Prefer exchanges that comply with Brazilian regulatory authorities.
2. Set up and verify your account: Register using your email, create a strong password, and finalize the Know Your Customer (KYC) procedure by submitting the necessary identification and proof of residence.
3. Fund your account with BRL: Deposit into your account via PIX payments, online banking services, or debit/credit cards.
4. Buy cryptocurrency: Choose the specific digital currency and volume in BRL or crypto, then confirm the transaction.
5. Protect your investments: Move your digital assets to a private wallet for increased security.

By following these guidelines and choosing a trustworthy, regulated exchange, you can securely and legally purchase cryptocurrencies in Brazil.

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Bottom Line

Investing in cryptocurrencies in Brazil can be an exciting opportunity to diversify your portfolio and leverage the potential returns of the growing digital assets market. Always remember to do so using a regulated exchange such as Bybit, eToro, Mercado Bitcoin, Binance, or Bitpreco to ensure secure transactions and compliance with Brazilian regulations. Each of these platforms offers unique features and advantages, so choose one that suits your trading needs and preferences. Be sure to take necessary steps, like funding your account with Brazilian Real and completing the KYC procedure, before you start trading.