Buy Crypto with PicPay

Summary: PicPay provides a simple solution for payment and cryptocurrency transactions within its online system, offering the convenience of a unified platform. However, it's important to note that PicPay only supports ten different types of cryptocurrencies and charges high fees, which may limit the options for more diverse investors. 

For users who wish to trade a broader range of digital assets, we recommend signing up with a regulated crypto exchange such as Bybit. It is a highly secure trading platform, facilitating quick and economical BRL deposits from PicPay accounts and cards, with industry-leading fees and superior liquidity across over 400 cryptocurrencies.

Can I Buy Crypto with PicPay?

Yes, you can buy select cryptocurrencies, including Bitcoin and Ethereum, directly with PicPay in Brazil. However, investors should consider the fact that PicPay only offers 10 crypto assets and charges fees as high as 2% to buy and sell coins. Those interested in expanding their crypto portfolio must register with a regulated exchange in Brazil that adheres to government requirements.

‍

How to Buy Bitcoin and Crypto with PicPay

A reliable way to invest in digital currencies using PicPay is by registering with an internationally recognized cryptocurrency exchange like Bybit, known for its security and variety of cryptocurrency options. Bybit provides various BRL deposit options, including instant transfers through PicPay.

Here's a straightforward guide for your reference:

1. Navigate to the Bybit website and create your account.
2. Select the 'Buy Crypto' option from the navigation menu.
3. Choose 'BRL' as your currency and specify PicPay as your payment method for immediate fund transfers.
4. After a successful deposit, navigate to the trading section, utilize the search feature to locate and buy your chosen digital currency.

‍

What are the Fees? 

The costs involved in buying Bitcoin and other digital currencies through PicPay can vary depending on the cryptocurrency exchange you choose. Essential fees to be aware of include deposit fees, withdrawal costs, spread rates, and trading fees.

We recommend Bybit as a cost-effective alternative for PicPay users, as it allows free BRL deposits and offers competitive trading fees. The main expense when investing in cryptocurrencies on Bybit is the trading fee, usually less than 0.1% per transaction. This makes it a more budget-friendly option than platforms like Mercado Bitcoin, known for their considerably higher fees, often exceeding 1% per transaction.

‍

Is PicPay Crypto-Friendly? 

PicPay has showcased its compatibility with the evolving digital financial landscape by facilitating transactions with regulated trading platforms compliant with the Central Bank of Brazil's regulations. This system allows PicPay users to conduct BRL transfers from their accounts to platforms that adhere to national norms established to counter financial misconduct like fraud and money laundering.

Consequently, when dealing with these compliant platforms, PicPay users can securely delve into cryptocurrency investments, assured that their actions are not only safe but also fully compliant with all necessary legal requirements.

‍

Bottom Line

In conclusion, PicPay offers a convenient pathway for Brazilian investors to purchase select cryptocurrencies, including Bitcoin and Ethereum. However, its limitation to only 10 crypto assets and 2% transaction fees necessitate considering other options for a diverse portfolio. Bybit is a notable platform for this, providing security, variety, and lower fees. It facilitates free BRL deposits through PicPay and charges less than 0.1% as a trading fee.

PicPay's compliance with the Central Bank of Brazil's regulations also ensures user transactions are safe and legal, making it a reliable partner for those entering the crypto market.