Compare Top Chilean Crypto Exchanges

1. Bybit

Bybit is our best overall choice for Chilean investors from first-time buyers to active traders. Its direct CLP deposits arrive through Khipu, a Chilean service that sends payments from your online banking. P2P sellers also accept transfers from BancoEstado, Banco de Chile, Santander, BCI, and Itaú, usually for Tether (USDT). Outside payment companies process card, Apple Pay, and Google Pay purchases.

The spot trading fee is 0.1% across more than 2,600 cryptocurrencies. The same account offers copy trading, which repeats another trader's orders in your account, as well as automated trading bots. Earn savings products and the Bybit Card are also available. Both the app and customer support work in Spanish. Bybit has no CMF registration, so disputes follow the company's own terms.

The largest theft from any crypto exchange remains part of Bybit's record. In February 2025, attackers removed about $1.5 billion of Ether from one of its offline wallets. Withdrawals continued during the incident, and no customer balance was reduced. Hacken, the audit firm, checks and publishes Bybit's reserve report each month. Our Bybit review covers the incident in full and explains the security measures taken since then.

Pros

• Direct peso deposits through Khipu, plus P2P bank transfers, cards, Apple Pay and Google Pay.
• A 0.1% spot fee on more than 2,600 coins, with a Spanish app and support.
• Proof of reserve reports are checked monthly by Hacken.

Cons

• No CMF registration, so Chilean customers have no local complaints body.
• Khipu and card deposit fees are shown at payment. P2P prices depend on the sellers online.
• Bybit fully covered the 2025 theft, but it remains part of the exchange's history.

2. Binance

Binance is our recommendation for large or frequent trades. It is the world’s largest crypto exchange and processes more trades than any other platform, helping large orders in major coins fill close to the displayed price. Spot fees are 0.1%, falling to 0.075% when paid in BNB, the exchange's own token. The platform lists more than 500 cryptocurrencies and has a Spanish user interface.

Chilean users can fund in pesos through card, Apple Pay, Google Pay, or via the Binance P2P marketplace. P2P sellers accept bank transfers, including payments from BancoEstado's basic account, CuentaRUT. Binance holds the seller's coins until the peso payment is confirmed. It offers no direct peso bank deposit and does not appear on the CMF register.

The company admitted US anti-money laundering violations in court in 2023 and agreed to pay $4.3 billion. Binance maintains SAFU, an emergency reserve, and publishes monthly reserve reports. Our Binance review covers the changes after the US case. For a comparison with our first choice, see our Bybit vs Binance review.

Pros

• More daily trading than any competitor, suited to large orders.
• Spot fees of 0.1%, reduced to 0.075% when paid with BNB.
• A large peso P2P market accepting bank transfers and CuentaRUT payments.

Cons

• No CMF registration. The Abu Dhabi license does not cover Chilean customers.
• Anti-money laundering failures led to a $4.3 billion US settlement in 2023.
• Funding depends on P2P sellers or card processors, with no direct peso bank deposit.

3. KuCoin

KuCoin ranks first for small coins and earning returns on balances you aren't trading. Many of its 1,500+ cryptocurrencies are tokens that larger exchanges have yet to add. KuCoin Earn includes flexible savings and lending, plus staking, which pays rewards for locking coins. Grid and DCA bots cost no extra. With a DCA bot, the same purchase repeats on a schedule you choose.

Coin class determines the spot fee: 0.1%, 0.2% or 0.3%. Holders of KCS, KuCoin's token, receive a small discount. Smaller-cap tokens can also have wide spreads, meaning a large gap between buying and selling prices. There is no direct peso bank deposit. Chilean users can pay by card through outside payment providers or send USDT from a platform that accepts pesos, such as Bybit.

In January 2025, KuCoin's operator admitted in a US court that it had run an unlicensed money transmitting business. It paid more than $297 million. Its US exit became permanent under a regulator's order in March 2026. KuCoin's data controls hold ISO 27001 and SOC 2 Type II certifications, and Hacken audits its reserve reports. The exchange is absent from the CMF register. Further details appear in our KuCoin review.

Pros

• More than 1,500 coins, including many small tokens.
• Earn products and free grid and DCA bots for idle balances.
• ISO 27001 and SOC 2 Type II certifications, with reserves audited by Hacken.

Cons

• Funding requires a card or a transfer from another exchange because there is no peso deposit.
• A US guilty plea in 2025 and a 2026 order barring it from the United States.
• Many smaller coins carry fees of 0.2% or 0.3%, which is considered high.

4. BingX

BingX is best for beginners who want to copy experienced traders instead of choosing every trade. Followers select a lead trader and set an amount, then their accounts repeat that trader's orders automatically. BingX lists about 1,000 cryptocurrencies and charges 0.1% for spot trades. Its grid bots buy and sell within a price range you set. Perpetual futures are also available, with contracts that track a coin's price and never expire.

The peso P2P market is the main funding method in Chile. Sellers accept bank transfers, and many listings also take payments from MACH, Tenpo, and Mercado Pago wallets. Payment processors handle cards, Apple Pay, and Google Pay. The interface is available in Spanish. Similar to the other exchanges on this list, BingX does not appear on the CMF register.

A September 2024 attack hit one of BingX's hot wallets, the online wallets used to process withdrawals. Deposits and withdrawals paused briefly, but BingX said customer balances were not reduced. The exchange publishes monthly reserve snapshots and reported ratios above 100% for Bitcoin, Ether, USDT, and USDC in July 2026. For more detail, read our Bybit vs BingX comparison and BingX restricted countries page.

Pros

• Copy trading with published results for each lead trader.
• A 0.1% spot fee and peso P2P sellers accepting bank and wallet payments.
• Monthly reserve snapshots above 100% for four major assets.

Cons

• No CMF registration or Chilean complaints body.
• About 1,000 coins, far fewer than Bybit, MEXC or KuCoin.
• A hot wallet breach in 2024, although BingX reported no customer losses.

5. MEXC

MEXC charges the lowest spot fees of the six platforms, making it our recommendation for cost-focused spot traders who already hold crypto. Maker orders are free, and taker orders cost 0.05% for spot trading. Perpetual futures fees are 0% for makers and 0.02% for takers. Holding at least 500 MX, the exchange's token, gives an additional 50% discount. MEXC offers more than 2,600 spot markets and is often among the first exchanges to list a new token.

Only P2P supports peso funding, with fewer active CLP sellers than on Bybit or BingX. Many Chilean users buy USDT elsewhere and transfer it to MEXC. Tron's TRC-20 network usually has low transfer fees. Both platforms must use the same network, or the coins can be lost.

MEXC holds no CMF registration and publishes reserve reports on a regular schedule. Its menus promote futures with very high leverage, which means trading with borrowed funds and can quickly cause the loss of a deposit. Before opening a futures position, read our MEXC review and MEXC fees guide.

Pros

• Free maker orders and a 0.05% taker fee on spot markets.
• More than 2,600 spot markets, with early listings of new tokens.
• A 50% fee discount for holders of 500 MX.

Cons

• Peso funding is limited to a small P2P market, with no direct CLP deposit methods.
• No CMF registration, similar to most global crypto exchanges.
• High-leverage futures promoted across the app, which can make you lose funds quicker.

6. Bitget

Bitget is a top option for experienced futures and copy traders willing to accept the open questions after its September security breach. Customers can review a lead trader's history, risk score, and largest past loss before following, then limit the amount assigned to the strategy. Its 800+ coins carry a 0.1% spot fee. Futures orders cost 0.02% for makers and 0.06% for takers, and Chilean users can fund in pesos through P2P sellers or by card.

Attackers moved about $387.5 million out of Bitget's hot and warm wallets on 24 September 2026. These online wallets process withdrawals. All withdrawals were paused, then reopened in stages. Bitcoin returned on 28 September, followed by Ether on 29 September and USDT on 30 September. The remaining tokens, fiat services and P2P were scheduled for 2 October.

Bitget says customer balances were not affected. A reserve snapshot taken on 29 September showed a ratio of 131%, and its User Protection Fund was restored to more than $300 million on 30 September. The full incident report remained unpublished when we completed this guide. Until it appears, Bitget stays in sixth place. Our Bitget review and Bybit vs Bitget comparison cover its products.

Pros

• Detailed copy trading data, including each lead trader's risk score.
• A 0.1% spot fee with peso funding by P2P or card.
• Protection Fund restored above $300 million and a 131% reserve ratio after the breach.

Cons

• About $387.5 million was removed in the September 2026 breach, with the final report pending.
• No entry on the CMF register, but it is regulated in other jurisdictions.
• Copying a leveraged strategy can cause large losses in a short time.

How to Choose a Crypto Exchange in Chile

None of these six platforms is registered in Chile. Before sending pesos, we review five points:

1. Search the CMF register: The Registro de Prestadores de Servicios Financieros (RPSF) lists every provider, with each service marked as authorized or left blank. Registration alone does not permit a company to operate. A platform missing from the list is bound only by its own terms.
2. Choose how your pesos will arrive: Bybit accepts Khipu deposits alongside P2P transfers and cards. Binance, BingX, and Bitget use P2P and cards, while MEXC offers only P2P. KuCoin requires a card or crypto transfer.
3. Use only your own bank account: Sellers cancel P2P orders if the sender's name differs from the verified exchange account name. You can use a CuentaRUT or a current account at Banco de Chile, Santander, BCI, or Itaú. Mark an order as paid only after the transfer has left your account.
4. Calculate the full cost: P2P sellers usually quote above the market rate. Card processors show their fee before confirmation. A 0.1% spot fee has little effect if converting pesos costs 2%.
5. Keep peso records for the SII: For every purchase, sale, and swap, record the date, amount, and peso value. Export your history every few months because global exchanges send no Chilean tax statements.

Crypto and Bitcoin Regulation in Chile

Chile allows crypto ownership and trading, but crypto has no legal tender status. The Ley Fintec brought trading platforms and custody services under the CMF. The main events are:

• 4 January 2023: Chile published the Ley Fintec (Law 21.521). It defines crypto assets as digital units of value that are not money and requires platforms, custodians, and brokers to enter the CMF's register.
• 12 January 2024: General Rule 502 (NCG 502), issued by the CMF, set the registration and authorization requirements, including minimum capital, custody, and risk management.
• 3 February 2025: The application period for existing firms closed. Across all Fintec services, the CMF received 335 applications.
• June 2026: The CMF rejected Orionx's registration request. The Chilean exchange had operated since 2017.
• August 2026: In its payment systems report, the Banco Central de Chile (BCCh) said it would publish draft rules for payment stablecoins near the end of 2026. Law firm Carey reports that final rules are projected for 2027.
• 3 September 2026: Orionx suspended withdrawals and announced its closure after an audit found that more than US$7 million had left its custody wallets. The CMF stated the next day that it had never supervised the exchange.

Registered platforms must also report to Chile's financial intelligence unit, the Unidad de Análisis Financiero (UAF). They verify customer identities through know your customer (KYC) checks and report suspicious transactions. CMF supervision covers only companies in its register. Complaints against any of our six platforms must therefore go to the company or a foreign regulator.

How Is Crypto Taxed in Chile?

Chile's tax authority, the Servicio de Impuestos Internos (SII), treats crypto as an intangible digital asset subject to general income tax rules. Its position rests on Oficio 963, a 2018 ruling, and reporting rules issued in 2025. For individuals, six points matter:

• Gains are taxable income: For individuals holding crypto outside a business, realized gains are generally subject to Impuesto Global Complementario for Chilean residents or Additional Tax for non-residents. Business holdings can also fall under First Category Tax. Global Complementario rates range from 0% to 40%.
• No VAT on the coins: Under the same ruling, crypto sales fall outside value-added tax (IVA) because crypto is not a physical good. Chile's IVA rate is 19%.
• Swaps and payments are reported: Alongside peso sales, the SII's reporting form records coin-to-coin exchanges and crypto payments. Treat each transaction as a disposal at its peso value on that date.
• Exchanges report to the SII: Resolutions 113 and 114 of 2025 require crypto service providers in Chile to file sworn statements 1963 and 1964. These identify customers and list purchases, sales, swaps, transfers and wallet addresses. The first filing was due by 30 June 2026.
• Data sharing between countries: Chile belongs to the first group applying the OECD's Crypto-Asset Reporting Framework (CARF), under which tax authorities exchange crypto account data. The OECD's commitment list schedules the first exchanges for 2027, covering 2026 activity.
• Bank transfer reporting: Since 2025, banks have reported to the SII any account receiving more than 50 payments from 50 different people in a month, or 100 in six months. Regular P2P sellers can reach these limits.

In that September 2025 notice, the SII said 13 crypto audits had produced close to CLP 5 billion. This section provides general information. Ask a Chilean accountant (contador) about your own return.

Cryptocurrency Adoption in Chile

With no official survey counting Chile's crypto holders, on-chain data and central bank reports provide the most reliable view:

• A mid-sized market in a growing region: Latin American crypto activity reached $593.8 billion in the year to June 2026, up 9.8%, according to Chainalysis. More than 80% came from Brazil, Argentina, Mexico, Venezuela and Colombia. Chile remained outside the top five.
• Stablecoin savings are rising slowly: The same report found a 47% increase from July 2024 in Chilean wallets holding at least $10,000 in stablecoins. Brazil recorded growth of 347%.
• Global platforms are gaining share: Local exchanges lost share to international platforms across the region outside Brazil. Orionx's closure also removed one of Chile's best-known local exchanges.
• Payments still use pesos: Stablecoins are used mainly to trade other crypto assets and rarely for everyday payments, according to the BCCh's August 2026 report.

Banks' caution toward crypto companies dates to 2018, when BancoEstado, Itaú and Scotiabank closed the accounts of local exchanges. The dispute continued for years in the competition tribunal. Peso funding on global exchanges still depends mostly on transfers between individuals. Our crypto adoption statistics page provides wider context.

How to Buy Bitcoin in Chile

Have your cédula de identidad (national identity card) or passport ready, along with a bank account in your name. These steps use Bybit, our first-ranked platform:

1. Create the account: Register with Bybit and select Chile as your country of residence.
2. Complete identity verification: Photograph your cédula or passport, then finish the face check. The verified name must match your bank account name.
3. Add pesos and buy USDT: On the fiat deposit screen, select CLP, choose Khipu and approve the payment in your online banking. The fee and processing time appear before confirmation, and the balance converts to USDT. Alternatively, use P2P and choose a seller with a long order history and a high completion rate. Send exactly the quoted amount from your bank account.
4. Place a limit order for Bitcoin: Open the BTC/USDT spot market and set the maximum price you will accept. This avoids the extra margin added by instant purchase screens.
5. Transfer savings to your own wallet: A wallet whose private keys only you hold is safer for long-term holdings. Our best crypto wallets page compares hardware devices. Test the address with a small transfer first.

Reverse the steps to sell. Release USDT to a P2P buyer only after the pesos appear in your banking app. A screenshot is not proof of payment. Record each sale's date and peso amount for your tax return.

Final Thoughts

Bybit ranks first in Chile for its direct peso deposits through Khipu, 0.1% spot fee, and verified monthly reserve reports. We recommend Binance for large and frequent trades, and KuCoin for small coins and savings products. BingX offers the simplest start for copy trading. MEXC has the cheapest spot orders, while Bitget suits futures traders as it recovers from the September breach.

Every platform here operates from abroad despite the Ley Fintec's registration requirement. Orionx showed how little help customers of an unregistered company receive. Draft BCCh stablecoin rules and the first CARF data exchanges are both expected within a year.

Start with a small deposit on any platform and withdraw it again. Move coins you do not plan to trade into a wallet you control. Our guides to Argentina, Peru, Colombia and Brazil cover neighboring markets.

Our Methodology

We ranked the platforms on what Chilean residents could use in early October 2026, applying six criteria:

1. Trust score: Ratings out of 5 reflect regulatory status, reserve reports, security incidents, and how they were resolved.
2. Chilean registration: We recorded whether each operating company appears in the CMF's RPSF and which services are authorized.
3. Peso funding: Each platform's published payment pages formed the basis for our comparison of Khipu, P2P, card and bank transfer options for CLP.
4. Total cost: We combined trading fees, spreads, card processor charges, and withdrawal fees for a complete purchase and sale.
5. Security record: Our review covered each recorded breach and the response, along with the frequency and auditor of reserve reports.
6. Products and language: We checked the coins and order types open to Chilean accounts, plus Spanish availability for the app and support.

We completed checks on 5 October 2026 using publications from the CMF, SII, and BCCh, along with platform fee pages and incident notices. The review process is described in our editorial methodology.